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RE: Would UBI (Universal Basic Income) Work?

in LeoFinancelast year

It's a good point. As long as we are operating under a pure capitalism system, it's hard to see how UBI wouldn't just push up inflation. Everyone gets a UBI of $15k? Well the prices of everything adjusts so that the cost-of-living is $15k higher. A real UBI would have to involve more economic and social changes than just giving everyone a check every month.