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by djrogers 3672 days ago
But what if Mr. Rich was rich because he owned a McDs? Now he's selling burgers for $700, and rolling around in his money like Scrooge McDuck.

Prices go up for two reasons, when they can and when they must. Which one do you think would be the factor here?

* Note, this is specifically in response to the parent's scenario - I actually doubt that a UBI like the one in the article would lead to appreciable inflation, as the current entitlement plans already spread around more money than this would.

1 comments

I think the most popular opinion around here is that once Mr. Poor is liberated by the UBI from the impossible treadmill of minimum wage working-poor jobs and a legal system that is outright hostile to those of lesser means, he might make a few burgers of his own and compete with Mr. Rich's defacto monopoly instead of being his near-servant at his former Mcjob.