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by mardifoufs
2273 days ago
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But what happens when all prices go up? If everyone gets paid more, wouldn't the UBI be worthless? Landlords will just raise prices since working people will always have more money (UBI + salary) than non workers? Just like now? Same goes for almost every service. Real supply and demand will stay the same, real economic production will probably stay the same too. So what's the point? 2000$ only feels a lot right now because it's an amount of money that represents a lot of work for a lot of people. Sure, you can link some small scale UBI experiments, but they have all been done in the context of a broader economy where the amounts given still had purchasing power. There's a reason why most economists don't agree with UBI. I know people on HN love to discredit economists, but the push for UBI here is ridiculous. It is akin to simply denying a whole scientific field because you feel it's are wrong |
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Economics isn't a science.