this post was submitted on 04 Feb 2025
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Your example cost of living can apply to many people close to poverty line. Whether that is "general" or you is the same.
UBI will cause some inflation. More demand for stuff, quickly, with supply needing to catch up, and better labour bargaining power meaning higher labour costs.
But it is completely unreasonable to say that UBI makes people no better off. None of the money that gets spent or paid in taxes is destroyed. Very significant economic growth occurs. China can keep up with supply if US can't, and we are collectively better off, but the richest are especially better off, with cheaper options for stuff. If housing costs skyrocket, big incentive for builders. You can choose room mates that with UBI can afford to pay. If you don't want/need to work you can move to boonies where costs are lower, also with room mates. UBI lets people afford buying homes, with necessarily good credit from UBI safety net. Group buying easier.
Your fearmongering is not just false, it is an argument for continued power imbalance slavery. Even if your fear was true, we would still be better off through more choices and more power.
This is usual information and highlights I don’t have a great grasp on economics. Thanks for providing some more info.
I am not intentionally fear mongering and am just trying to recite objections that I have come up against when discussing this with colleagues etc.
I am for UBI.