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leftout (leftout@gleasonator.com)'s status on Saturday, 18-Mar-2023 06:08:37 JSTleftout @realcaseyrollins @alex Your certainty is cute, but is not convincing.
Let’s look at that highlighted paragraph in that link you gave me.
“ Inflation is caused when the money supply in an economy grows at faster rate than the economy’s ability to produce goods and services.”
This is an example of how you can spin something that goes over the head of your audience.
There is a difference between adding money to the economy, which causes inflation, and redistributing money, which does not. UBI that takes from the very rich and gives to the poor does not cause inflation. Instead, it stimulates the economy, creates jobs, and support to local business.
I'll give you an example of an American state that has something related to UBI. It's a Universal Dividend (UD) paid to every resident of Alaska funded by their natural resources. When the UD cheques go out, it's common for business to offer discounts to capture some of the extra spending capacity. Prices go down when the cheques go out. This is not inflation.
Additionally, when this was introduced in 1982, Alaska went form having the highest rate of infection in the US to the lower. Universal Dividends has left Alaskans with less inflation, not more.
And now something for you to read. It includes the source of the Alaska example. https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7
The data is clear. UBI reduces inflation. The rich are lying to you.