For example if the cost of living is $1000 and you give people who need it $1000 then before long the cost of living would rise to $2000.
You may choose to have a $2000 cost of living, but you would choose that too through a pay raise. You could be empowered to keep $1000 cost of living, and there would be more apartments like “yours” if everyone else is moving up in lifestyle.
UBI gives you more choices. If you think everyone else is passive, just paying what they are told, you can use the opportunity to build more affordable life options for people, including easy access to loans from all of the extra money getting spent.
So when I said cost of living I meant in general and not on an individual basis.
For example $1000 would cover all rent and bills, but then companies or landlords get greedy and raise prices so the cost of living is now $2000 making UBI futile. Rather than an individual increasing their own cost of living. If that makes sense.
Your example cost of living can apply to many people close to poverty line. Whether that is “general” or you is the same.
UBI will cause some inflation. More demand for stuff, quickly, with supply needing to catch up, and better labour bargaining power meaning higher labour costs.
But it is completely unreasonable to say that UBI makes people no better off. None of the money that gets spent or paid in taxes is destroyed. Very significant economic growth occurs. China can keep up with supply if US can’t, and we are collectively better off, but the richest are especially better off, with cheaper options for stuff. If housing costs skyrocket, big incentive for builders. You can choose room mates that with UBI can afford to pay. If you don’t want/need to work you can move to boonies where costs are lower, also with room mates. UBI lets people afford buying homes, with necessarily good credit from UBI safety net. Group buying easier.
Your fearmongering is not just false, it is an argument for continued power imbalance slavery. Even if your fear was true, we would still be better off through more choices and more power.
You may choose to have a $2000 cost of living, but you would choose that too through a pay raise. You could be empowered to keep $1000 cost of living, and there would be more apartments like “yours” if everyone else is moving up in lifestyle.
UBI gives you more choices. If you think everyone else is passive, just paying what they are told, you can use the opportunity to build more affordable life options for people, including easy access to loans from all of the extra money getting spent.
So when I said cost of living I meant in general and not on an individual basis.
For example $1000 would cover all rent and bills, but then companies or landlords get greedy and raise prices so the cost of living is now $2000 making UBI futile. Rather than an individual increasing their own cost of living. If that makes sense.
Your example cost of living can apply to many people close to poverty line. Whether that is “general” or you is the same.
UBI will cause some inflation. More demand for stuff, quickly, with supply needing to catch up, and better labour bargaining power meaning higher labour costs.
But it is completely unreasonable to say that UBI makes people no better off. None of the money that gets spent or paid in taxes is destroyed. Very significant economic growth occurs. China can keep up with supply if US can’t, and we are collectively better off, but the richest are especially better off, with cheaper options for stuff. If housing costs skyrocket, big incentive for builders. You can choose room mates that with UBI can afford to pay. If you don’t want/need to work you can move to boonies where costs are lower, also with room mates. UBI lets people afford buying homes, with necessarily good credit from UBI safety net. Group buying easier.
Your fearmongering is not just false, it is an argument for continued power imbalance slavery. Even if your fear was true, we would still be better off through more choices and more power.
This is usual information and highlights I don’t have a great grasp on economics. Thanks for providing some more info.
I am not intentionally fear mongering and am just trying to recite objections that I have come up against when discussing this with colleagues etc.
I am for UBI.