Would UBI increase wages and salary or decrease them?

[88m3]

I think wages will increase and I doubt there would be broad increase in the cost of goods. People's spending habits will change and in those sectors you'll see some fluctuations.

UBI needs to linked to a lot of other societal changes to be successful. I'm not holding my breath on that when we can't even subsidize and incentivize people staying home during the worst pandemic in generations.

 

[YaFingerDealMe]

Why can’t they just remove federal taxes they print money when they want to anyway.

 

[Ethnic Vagina Finder]

Why can’t they just remove federal taxes they print money when they want to anyway.

the value of money is predicated upon how much is in circulation. Which is why the federal reserve destroys currency every years.

Look at it this way. If every man, woman, and child had a million dollars. it wouldn't be a million dollars.

Then there's resources. If everyone had a million dollars, resources would be scarce from over consumption. Supply can't keep up with demand and then you have inflation.

 

[YaFingerDealMe]

the value of money is predicated upon how much is in circulation. Which is why the federal reserve destroys currency every years.

Look at it this way. If every man, woman, and child had a million dollars. it wouldn't be a million dollars.

Then there's resources. If everyone had a million dollars, resources would be scarce from over consumption. Supply can't keep up with demand and then you have inflation.

I was talking about how they printed all they money to put in the stock market and the whole ubi thing. why give money then take it right back?

 

[Professor Emeritus]

I was talking about how they printed all they money to put in the stock market and the whole ubi thing. why give money then take it right back?

Like he said, they're trying to manage the amount of money in circulation. If they wanted to the could just print money indefinitely and wouldn't need taxes to pay for anything, but they end up with inflation as a result.

 

[DEAD7]

if you don't eliminate a minimum wage, don't cut other safety net programs, it's a good idea.

Killing other safety nets/entitlement programs is the only way it will get bipartisan support... and see the light of day. What you’re saying is you dont want UBI

 

[YaFingerDealMe]

Like he said, they're trying to manage the amount of money in circulation. If they wanted to the could just print money indefinitely and wouldn't need taxes to pay for anything, but they end up with inflation as a result.

I get that I went to the federal reserve and got the lil shredded bag of cash before lol It just seems like that’s what they do anyways, who is checking them is what I kind of want to get at?

 

[☑︎#VoteDemocrat]

Debt forgiveness for a plot of public sector jobs like teaching etc would do A LOT