I thought that was the argument, but wasn’t sure. I can only really repeat that this looks rational from the perspective of the individual, but from the perspective of the retailer, what’s stopping me from raising my prices for basic goods if I know that more people have disposable income?
Society is vulnerable now and will still be with UBI, you need legislation and you need to enforce that legislation either way. I think the global increase in prices doesn’t pan out equally; in some places this is a much bigger problem then in others. I think you are right that in places where companies jack up prices any chance they get, they will likely also use UBI as a chance to jack up prices.
Evryone has UBI they receive it for being breathing. It covers your basics. You want more for some luxury? Go work get more.
That’s the most boiled down version I can come up with.
I thought that was the argument, but wasn’t sure. I can only really repeat that this looks rational from the perspective of the individual, but from the perspective of the retailer, what’s stopping me from raising my prices for basic goods if I know that more people have disposable income?
And you arrived to the most flagrant problem UBI has. Well done.
Your competor who will undercut your high prices to get your customers.
I’d believe that if we hadn’t just witnessed all food retailers simultaneously jacking up their prices recently and blaming inflation for it.
Society is vulnerable now and will still be with UBI, you need legislation and you need to enforce that legislation either way. I think the global increase in prices doesn’t pan out equally; in some places this is a much bigger problem then in others. I think you are right that in places where companies jack up prices any chance they get, they will likely also use UBI as a chance to jack up prices.