Okay, but at least where I live, prices that increased due to covid haven't come back down. Supply is now high enough to satisfy demand, but prices aren't dropping. Of course, why would they? It turns out that customers have self-selected that they really don't want to starve or be homeless. Even if it wipes out most of their income.
DigDoug
joined 2 years ago
Okay, why wouldn't UBI effectively get wiped out by inflation over 65 years, as has apparently happened to the prosperity in the '60s, then?
I wouldn't say it's a strong opinion, but I've never seen a convincing argument that "inflation" (read "greedy bastards") wouldn't immediately wipe out the extra income - which would be very bad if the UBI were to replace other forms of welfare.
I tried paying for something off Facebook Marketplace over the internet rather than in-person. Of course I was scammed. Fortunately it was only for about $35.
...are The Smiths too obvious a choice?