Hello, I’m not that informed about UBI, but here is my arguement:
Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?
Hello, I’m not that informed about UBI, but here is my arguement:
Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?
The only counter to this argument I’ve seen play out in real time (at least to the best of my knowledge, it could be propaganda) is the fact that when the government offered tax credits for EVs, Ford raised the prices of their EVs to essentially absorb the tax credit and profit off of what was supposed to benefit the people making the switch.
I’ll see if I can find the article I’m remembering.
Here is one link from the daily wire
Here is another from tech times
I think that’s a difference between subsidizing specific things vs subsidizing all the things.
So you’re saying just by sheer volume they would be less likely to do it?
Not so much volume, but just the different options available. Example, if food is subsidized, then food vendors can increase prices to soak up the excess. But if people just get money, and food vendors try to soak it up, people can spend their money on building a greenhouse and growing their own vegetables. If every industry tries to raise prices, at some point it becomes worthwhile for people to do things themselves, then trade with each other, undercutting the larger industries. Basically, the libertarians’ wet dream could actually happen with UBI.