Inflation depends on the resource people are chasing after and the timeline of the cash infusion. Most resources can be provisioned at greater quantity without price increases if given enough time (years to decades). If everyone poof had double their normal income, and immediately tried to spend it all, there would be supply chain constraints and inflation, sure. Any UI scheme would need to have a gradual rollout to avoid that.
Welfare queens aside, Americans don’t know true horror yet. Wait until food gets scarce and your priorities will shift faster than a naked twelve year old running through a GOP bath house.
If you think inflation is bad now, wait until the government starts handing out free money. I’m no economist, but some of y’all are dumb as hell.
that is not how universal basic income implementations work, atleast educate yourself before commenting.
I think you mistakenly posted this instead of your usual conversation with the mirror.
Inflation depends on the resource people are chasing after and the timeline of the cash infusion. Most resources can be provisioned at greater quantity without price increases if given enough time (years to decades). If everyone poof had double their normal income, and immediately tried to spend it all, there would be supply chain constraints and inflation, sure. Any UI scheme would need to have a gradual rollout to avoid that.
inflation is kinda irrelevant. what matters is people’s real buying power, and that would increase.
The government hands out free money all the time to people taking us for a ride.
Welfare queens aside, Americans don’t know true horror yet. Wait until food gets scarce and your priorities will shift faster than a naked twelve year old running through a GOP bath house.