Him saying he won’t doesn’t mean he won’t. It’s not that easy to redirect that type of money from one place to another. There would be a ton of push back and who knows what would happen with a divided Congress. I think ultimately he would expand the monetary base, which like I said would be catastrophic for anyone that has any savings at all. I don’t want us to become banana republic-Esque with our dollar losing its value because we just keep printing.

It would likely cause a lot of inflation if the UBI is spent and not saved but there would be a rise in the base rate to offset it. The devaluation of currency isn't a bad thing outright.

devaluing currency is well worth it if we see a more substantial gain in the lower-middle class purchasing power.

we've been inflating for some time now, and the market is still drastically overpriced. so some cash investment could cause some healthy deflation, which would slowly deflate the market bubble, while also filling the bubble from the other side with increased spending on goods for firms to reign in their p/e ratios.

Ah yes the wonderful idea of losing x% of purchasing power in millions or retirement accounts.

“Your 750k nest egg inflation adjusted is now 400k”

Talk about destroying value.

The real question that should be asked is ... does even know any maths lol....

I mean this is just a silly concept ...ubi

Shut up and give me money

^^^^^^^^

Why do you think pretty much every central bank has an inflation target? There is a consensus amongst economists that it's beneficial. Inflation BAD isn't really capturing the nuance of it. Low positive inflation is good for keeping unemployment down and incentivising spending, which are two key areas of the economy.

As long as real wages increase there wouldn't be a reduction in purchasing power. You'd be able to buy the same basket of goods.

In regard to pensions, schemes should generally provide a yearly increase in line with the higher of the inflation rate or average earnings growth. This is pretty common across the world but I don't know if that's the case in America. There are also pension schemes that hedge against inflationary pressures by investing in assets tied to the inflation rate like index linked bonds.

based

do you know the math on the % of unskilled labor that is being eliminated from the labor pool? how about the number of unskilled laborers with 15-20 years left in the labor pool before they can retire?

1000$/person for the whole US is not a feasible plan to work immediately, but to suggest UBI itself isn't a workable idea is ignorant of math indeed. as well as the math behind several problems that will be more damaging than inflation from UBI.