abdoolio

Vigur doesn't really scream "Video" though.

Don't you think that the private sector would respond to the increased demand for everything? If a portion of the population is now given $X, they're going to be spending more on products, which will increase demand, and therefore price. So once we reach a new equilibrium point, wouldn't we be in the exact same boat that we're in now? It would become a constant cycle of inflation caused by UBI, then increasing UBI to meet the new value level.

Let's use rent as our example. If everyone makes more money, they have a higher spending budget. If a cheap place goes for however much per month, but now everyone in a lower income bracket has had their budget increased by some amount, they can afford higher rent prices, and as such landlords will increase their prices. The same applies to all goods.

Realistically, given enough time, whatever the value of the UBI is will just become the new zero, and will have to start the cycle over again.

Shouldn't you be occupying something?

But that makes no sense. That logic applies now. People that use less of X spend less on X as it is. It seems to me that all this would do is add an unnecessary tax and increase costs of everything.

With all due respect, you've done a pretty lacklustre job at explaining why these policies benefit me or anyone else, beyond a simple "you'll get $10,000 every year" which, due to rising prices of literally everything, no one would really be getting that much because the currency itself actually buys less.