So when I said cost of living I meant in general and not on an individual basis.
For example $1000 would cover all rent and bills, but then companies or landlords get greedy and raise prices so the cost of living is now $2000 making UBI futile. Rather than an individual increasing their own cost of living. If that makes sense.
So when I said cost of living I meant in general and not on an individual basis.
For example $1000 would cover all rent and bills, but then companies or landlords get greedy and raise prices so the cost of living is now $2000 making UBI futile. Rather than an individual increasing their own cost of living. If that makes sense.
Removed by mod
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.