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by slackingoff2017 3239 days ago
The value of any currency is how much real stuff you can buy with it. If there's 20% more dollars in circulation each one would be worth 20% less.

This is why UBI is wealth distribution. Too keep the UBI money from being worthless it can't be printed money, it needs to be money taken from someone else.

1 comments

It's not quite equal due to factors such as money velocity and liquidity. There's also the question of improved productivity/etc. to be had from this redistribution, which would increase effective buying power.