Submitted by SantoshiEspada t3_10omwyu in Futurology
roofgram t1_j6hivjd wrote
Reply to comment by decoy1985 in Private UBI by SantoshiEspada
When you print money, you get inflation, very simple. 13 trillion dollars was created for Corona stimulus. Nothing is free. You either pay for it upfront with taxes, or pay for it later with your inflation.
No one is debating anymore, that is exactly what happened.
More examples - healthcare, super expensive because Medicare/Medicaid has given healthcare providers a blank check to drive up prices.
Education - with federally backed loans the government has given schools a blank check to charge as much as they want.
Basically anywhere you put ‘free money’ on the table prices go up.
So we can only conclude that if UBI was implemented, prices would go up, which means UBI would need to be increased and you’d be in never ending cycle.
Just like education, just like health care, and just like corona stimulus. Free money is short term gain, long term pain. You think you want it, you really don’t.
KingAthelas t1_j6iuywq wrote
40% of ALL money in the US has been printed in the last 3 years. Yes, almost half of money ever created has been introduced in less than 3 years.
Yet here we are, having people who actually believe that didn't massively contribute to inflation...
Viewing a single comment thread. View all comments