[dec0dedab0de]

That may be true, but my point was that this is not a good example of UBI. This is a global pandemic, and a bunch of actions around it.

Though since we're talking about it, I think UBI might work if we also outlawed fractional reserve banking.

Currently, new money is created when banks lend out more than they have, I think they like to call it "leverage." This creates a type of inflation, but the only ones benefiting are the banks and the people/businesses they choose to loan money to.

Instead of allowing leveraged bank loans, we could create the same inflation by blatantly printing new money every year and distributing it equally. This would give the benefits of inflation to everyone. If you wanted to start a business, instead of getting a cheap loan you would have to crowd fund it, because all the money(power) that was in the hands of banks is now everywhere. If we needed to control inflation, we could have taxes and remove the money collected from the pool instead of using it.

It would be a bit of a balancing act to make sure enough people keep working, and that prices don't get too high, but I think it's doable.

[dnautics]

I think systemsvoltages' point is that if it's "not a good example of UBI" because not everyone got stimulus, an actual, scotsman UBI would be even worse, precisely because everyone would get stimulated.