Quote (sir_lance_bb @ Oct 4 2019 11:32am)
There is zero % chance my rent is going to go up from 500 dollars to 1500 dollars.
Housing is going to increase and in arm and a leg housing costs areas might go up more than others but do you really believe this?
By this logic , people supporting a higher minimum wage or federal jobs guarantees , under the same logic housing would go up since the supply of money in consumers hands goes up.
It's not like the UBI is just being created. It's funded through a VAT , something that is very hard for companies to skirt paying vs income and wealth taxes which are easier for companies to lobby or navigate not paying.
It's a matter if the UBI will be set enough that it increases purchasing power and I don't see how it wouldn't.
this is all accurate. not to mention there's a 'ladder' if you will in housing.
the perpetually poor live in a low class style apartment, there's mid range, and upper range. if someone get's 1k$/month supplementing their income they will try most likely to climb the ladder. if a landlord drastically raises their prices they won't get any of that upward movement, they'll just maintain their renters.
the "inflation" effect of UBI on good such as food and home goods can also be offset by removing food stamp programs. inflation is real, and will happen with UBI, but at the same time rising unemployment and underemployment will restrict cash in the population and some deflation to offset the effects of UBI.
and in any case any "good" ubi proposals have 2 things in common:
1. they start by directly helping those in need most, namely out of work geographical sectors (lead miners, coal miners, autoworkers, etc. areas dominated by a single industry the become economically stagnant).
2. they eliminate more cumbersome forms of welfare that contain far more red tape (food stamps, welfare, etc).
This post was edited by thesnipa on Oct 4 2019 10:59am