[azernik]

The price of everything would rise proportionally to the amount of consumption added to the economy - for example, if you funded this entirely by printing money, you'd get a combination of inflation and an equal amount of money going to everyone, causing a redistribution effect on its own. e.g. if you gave everyone $10,000 of newly-printed money, inflation would be very high, but unless it's 100% or more (doubtful) a poor person making $10,000 or less before the change would still have a higher standard of living - it's a redistributionary effect.

If you actually fund this by taxes, like most proposals say, you'd probably still have an inflationary effect (since the lower your income is, the likelier you are to spend each marginal dollar), but likely not enough to outweigh the extra money.

[Consultant32452]

If you funded this with taxes (presumably on the wealthy) wouldn't you likewise see a deflationary affect on luxury goods?

[azernik]

Maybe? Probably not a major problem, though - I think the concern is more about the effects on the prices of non-discretionary spending items.

[AnthonyMouse]

Only if the tax was so much higher than they're paying now that it would meaningfully impact their spending, which it wouldn't be.