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by LoathsLights 1994 days ago
> If you give everyone a fixed amount of money, won't the cost of things just rise accordingly?

And what if it did? What if we gave every person the money and assets equivalent of the richest man on earth, 113 billion dollars [1]. Now Bezos would only be about twice as rich as the average person. Instead of being 1.13 million times as rich as the average household in the US [0]. Surely the prices would skyrocket, but now we're at a more even playing field.

[0]: https://www.marketwatch.com/story/whats-your-net-worth-and-h... [1]: https://www.forbes.com/billionaires

1 comments

Surely Bezos would adjust his prices as well, increasing his profit and leaving the playing fields very similar to what they are now
That's why I included assets in the proposition, and not just the money. He would still have the ability to earn about twice as much as others given he also will be given the same amount of assets as the rest of the people.

edit: Which kinda makes it a bad comparison to UBI I guess. Maybe what we need is more than just money for UBI, but also a distribution of assets.