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by _heimdall 451 days ago
Price increases as a mic drop in my opinion and I don't mean to use it that way. As far as I can tell its just an inevitability with anything like a UBI.

With regards to my claim that we'd need strong price controls, a UBI needs prices to the basics to remain stable. I won't go down the road of trying to define what "the basics" are here, that's a huge rabbit hole so let's just leave it at the broad category in general.

If everyone can afford the basics, there is more demand for those items. Supply will likely increase eventually and eat up part of the demand increase, but the rest goes to prices. When those prices go up, the UBI would have to increase to match. The whole cycle would go on in a loop unless there's some lever for the government to control the prices of anything deemed a basic necessity.

1 comments

> When those prices go up, the UBI would have to increase to match. The whole cycle would go on in a loop unless there's some lever for the government to control the prices

No. Just because something increases forever that doesn't mean it won't stabilize. Asymptotes, limits, and convergence are also a thing. You're making strong divergence claims that don't follow from your assumptions.