The Rich Already Have A UBI
- Thread starter CHL
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My main question/issue with UBI is scarcity and price controls. I've asked a few times and no one has responded to me.
theyre probably afraid of facing reality.....we live in a finite world with finite resources...the farmers can only produce a certain amount of food on a given plot of land,factories can only produce as much as the raw materials and equipment will let them.Having millions of new spenders in the market will raise demand which will automatically raise prices..so the govt will have a hard choice..keep raising the UBI and risk hyperinflation and destruction of the currency or get the guns out and force the merchants to keep prices low..as history has shown they usually choose price controls.
Domingo Halliburton
Handmade in USA
And where will this money come from? Taxes? Ok so theyll have to raise taxes on the people who make more than the UBI threshold of 12k/year...then what happens to the people who make minimum wage and take home 15-18k/year..the difference between them working and paying extemely high taxes or just quitting and living on UBI is only a few k/year...and what of the corporations that can afford to move elsewhere and avoid those steep taxes.why would they stay? What of the rich people being taxed..why wouldnt they take their assets and flee.
Then there is inflation..suddenly there are more spenders and more money circulating,but the production capacity and resources havent changed..by this i mean if you own a bakery theres a limit to how much bread you can bake..it doesnt matter if theres a million extra customers now ....so demand will rise meaning prices will rise and the rise in prices will wipe out the effect of the UBI...unless the govt introduces price controls...price controls always lead to shortages,hoarding,smuggling..poor allocation of resources.
What of its effects on migration and immigration..since i assume UBI will be linked to citizenship there would be draconian changes as the masses try to kick everyone who they think doesn't deserve it out and block any entry..and foreign entrepreneurs will flee or avoid the country altogether because they would be taxed heavily to produce what they cant consume.There will be pressure for exclusive draconian laws and tribalism and nationalistic sentiments unseen since the middle ages.
In your scenario it would be $250 billion a month.
All of my income is passive and has been for five years or so.
I'm not the guy you clown about being poor.
88 can I have some money?
88m3
Fast Money & Foreign Objects
I'm always looking for plumbers, electricians, and carpenters.
Architects, lawyers, and accounts are useful as well if you're not into manual labor.
My main question/issue with UBI is scarcity and price controls. I've asked a few times and no one has responded to me.
Scarcity of what? What particular things do you feel would become more scarce due to UBI?
Annnnnd this is where I turn down the commies. 
At this point ya'll are just talking about printing money
At this point ya'll are just talking about printing money
@Swavy Karl Marx knows all about that rent-seeking "wonk" laborI'm always looking for plumbers, electricians, and carpenters.
Architects, lawyers, and accounts are useful as well if you're not into manual labor.
be an intern at a think-tank for a career brehs
:drayke:
His assets need to be appropriated for the public good.
ADevilYouKhow
Rhyme Reason
Greater good*
@Swavy Karl Marx knows all about that rent-seeking "wonk" labor
be an intern at a think-tank for a career brehs
I'm actually Ezra Klein bytch
Yes, because I was being entirely seriousso you admit socialism is basically a less direct form of banditry
And the term you're looking for is 'Capitalism', friend.