Hacker News new | ask | show | jobs
by oneshtein 631 days ago
Yes. Moreover, all prices will jump 3-100x, so UBI will be useless anyway: you must go to work or die in poverty. UBI is also known as "true socialism".
1 comments

If UBI is revenue neutral, whether by increasing taxes or cutting other programs or some combination of both, then it would not increase inflation. You should brush up on your macroeconomics.
Any income, that is not backed up by a product or service, changes the equilibrium, thus accelerates inflation. I saw this multiple times already in my own country.