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by enaaem 1993 days ago
I don't think the outcome is very interesting. There are all ready subgroups in society who have some kind of UBI like pensioners and trust fund babies.

I want so see the effects on the total economy. If for example UBI leads to massive inflation it would completely nullify the UBI.

How about productivity? Saudi Arabia is an interesting example, since their economy pretty much runs on free oil money. Saudi nationals are notorious for having bad work ethics, and they have to import foreign workers to run the economy.

I personally don't believe in UBI, but I'm willing to change my mind if proven wrong, as long as my own country is not part of the experiment.

2 comments

>I want so see the effects on the total economy. If for example UBI leads to massive inflation it would completely nullify the UBI.

Actually that would be highly desireable because it would mean the UBI acts as "employment of last resort" rather than free money, except you don't have to do anything to keep your job. It also means that every job will pay more than UBI which means there is no incentive not to work. Considering the financing challenges you want as few people as possible on the UBI.

> If for example UBI leads to massive inflation it would completely nullify the UBI.

I think it will lead to inflation of rents untill landlords capture most of BI value. Unless it's specifically prevented by rent controls or progressive real estate tax that's fed straight back to BI funding.