UBI is implemented tomorrow. Every citizen gets $1000 per month.
Landlord now knows you have an extra $1000 that you never had before. Why wouldn’t the landlord raise prices?
Now you have an extra $1000 a month and instead of eating rice and beans for a few meals you go out to a restaurant. The restaurant owners know everyone is eating out more so why not raise prices and maximize shareholder profit as always. The restaurant/corporation is on TV saying, “well, demand increased and it is a simple Economic principle that prices had to increase. There’s nothing we can do about it”.
Your state/country has toll roads. The state needs money for its deficit. UBI is implemented and the state/country sees it as the perfect time to incrementally raise toll prices.
Next thing you know UBI is effectively gone because everything costs more and billionaires keep hitting higher and higher all time net worth records.
Do you honestly think the government is going to pay every citizen a full living wage to sit around and do nothing for the rest of their lives? Keep dreaming.
“No it’ll be so people can go be artists, and be writers and be…”
There are legit people who believe that.
And it’s not like this money appears magically the government will need to find ways to pay for this, we still haven’t solved that problem but even if we did, we’ll see that 1000 doesn’t change everyone’s situation. Stupid people will still be poor because they spend too much money. The rich will save their money, but the middle class and lower middle won’t change much because ultimately, 1000 dollars will eventually be factored into the new price of everything.
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