If the rich continue to suck more up from the bottom, I’m all for taxing them way more and funnelling that back down to where they got it from. Cuz remember, poor people labour is where they got it from.
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.
There is an assumption that in their acquisition of that money that they earned it. They haven't. The working schlubs earned it, and the rich acquired it from them through our thoroughly fucked up economic system. In my view, it's the governments responsibility to tax it back and redistribute it back down to the class of people that actually earned it.
he/him/they/them/schmenge. You probably won’t like me. I'm left. I'm about cooperation, not competition. I'm going to respect and support every protected class of people, even the ones you hate. Maybe especially them. But I'll challenge individuals when they say repugnant things no matter who they are. Rich people are a problem. They have our money.