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PrivateLudo t1_iyk6xh0 wrote

Reply to comment by Sashinii in Is my career soon to be nonexistent? by apyrexvision

UBI would create massive inflation. It will happen when people lose their jobs in drove but not right now. Printing more money out of thin air is not good for the economy. UBI would be only created as excuse for people to sell their houses higher and price of commodities would also increase.

I am pro-UBI but I think its far too early to implement one. I think UBI would only start to work when AI is more prevalent.

Unless you say UBI should only be given to people who lost their job? Then I would agree.

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poobearcatbomber t1_iykfakj wrote

Not if you increase corporate taxes to historical norms and actually collect them at all.

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PrivateLudo t1_iykn8h0 wrote

Well you would need to achieve that first. But Healthcare is still privatized in the US and nothing is happening with that either. I dont see the government do anything about UBI until they hit a point of desperation where a massive amount of people lose their jobs.

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Diaming787 t1_iyku6ji wrote

If all UBI does is redistributes money from taxes, especially robot taxes into the future, they will have zero effect on inflation.

Redistributing money is not printing money.

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[deleted] t1_iyp0ffx wrote

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PrivateLudo t1_iyp9a11 wrote

Easier said than done. Its extremely difficult to tax the rich because they can split their money in offshores tax havens and have a team of top lawyers to back them up. Businesses can simply move to another country to evade tax instead of being located in the US.

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