Prices are set by supply and demand, not by sellers thinking the market can bear it. If a baker raises their prices then eaters can just go to a different baker.
If demand increases because fewer people are struggling AND supply can’t increase at the same rate then yes there could be price increases. But it’s because of the demand, not just because the sellers want it.
In the case of housing where supply can’t increase very quickly, yeah rents could go up a bit. So there needs to be plenty of new social housing built by the government alongside UBI, to supply enough to meet demand.
Some other inflationary effects could be counteracted by taxing the shit out of the rich.
UBI at nation-state scale wouldn’t happen in isolation, there would be various other policies happening at the same time.
UBI at nation-state scale wouldn’t happen in isolation, there would be various other policies happening at the same time.
Yeah I’m starting to see this.
Some other inflationary effects could be counteracted by taxing the shit out of the rich.
I’m also hoping for this
not just because the sellers want it.
Food retailers have all jacked up their prices in recent years without any hint of a food shortage. They just made the crocodile’s worst out of a dire situation and blamed it on inflation.
Prices are set by supply and demand, not by sellers thinking the market can bear it. If a baker raises their prices then eaters can just go to a different baker.
If demand increases because fewer people are struggling AND supply can’t increase at the same rate then yes there could be price increases. But it’s because of the demand, not just because the sellers want it.
In the case of housing where supply can’t increase very quickly, yeah rents could go up a bit. So there needs to be plenty of new social housing built by the government alongside UBI, to supply enough to meet demand.
Some other inflationary effects could be counteracted by taxing the shit out of the rich.
UBI at nation-state scale wouldn’t happen in isolation, there would be various other policies happening at the same time.
Yeah I’m starting to see this.
I’m also hoping for this
Food retailers have all jacked up their prices in recent years without any hint of a food shortage. They just made the crocodile’s worst out of a dire situation and blamed it on inflation.