I buy a loaf of bread every week, you buy a loaf of bread every week. We get ubi. Do we buy 2 loaves of bread every week with the extra income? I hear this every once in a while and don’t understand what makes the price go up.
For housing I can see it, because so many are going without right now or renting and demand will climb with extra buying power. In my eyes that just means we need more built, and a higher price with proportionally less impact might encourage that building
As income inequality keeps climbing, the current system does much worse, with most of the buying power incentivising production of what only the wealthy can afford. Taking some of their buying power and giving purchasing agency to those who don’t have it would incentivise production of things they would want instead. Vote with your wallet but the vote is more fair
I buy a loaf of bread every week, you buy a loaf of bread every week. We get ubi. Do we buy 2 loaves of bread every week with the extra income? I hear this every once in a while and don’t understand what makes the price go up.
For housing I can see it, because so many are going without right now or renting and demand will climb with extra buying power. In my eyes that just means we need more built, and a higher price with proportionally less impact might encourage that building
As income inequality keeps climbing, the current system does much worse, with most of the buying power incentivising production of what only the wealthy can afford. Taking some of their buying power and giving purchasing agency to those who don’t have it would incentivise production of things they would want instead. Vote with your wallet but the vote is more fair