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by dragonwriter
2638 days ago
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> Giving everyone $10K/year would just inflate prices until $10K was the zero baseline for income. That doesn't make sense. A downward redistribution (which UBI is) is going to inflate prices of goods with disproportionate low-end demand and deflate those with disproportionate high-end demand somewhat, but in any plausible scenario it will still (before considering any effects of reactive production shifts) increase the buying power on the low end and decrease it on the high end, even after the effects of price level changes. |
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