Ask Lemmy

27165 readers

1862 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about current US Politics. If you need to do this, try [email protected] or [email protected]

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected]. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.

Reminder: The terms of service apply here too.

Partnered Communities:

Logo design credit goes to: tubbadu

founded 2 years ago

MODERATORS

240

Are you in support of UBI? (self.asklemmy)

submitted 1 day ago by Zeon to c/asklemmy

138 comments fedilink hide all child comments

Hello, I'm not that informed about UBI, but here is my arguement:

Everyone gets some sort of income, but wouldn't companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?

you are viewing a single comment's thread
view the rest of the comments

[–] donuts 4 points 23 hours ago (2 children)

Company A raises prices because they are greedy bastards. Company B is then impressed with the sheer display of dominance by A and raises prices accordingly to "keep up".

When there's a dozen manufacturers, they won't all do it. As I mentioned, this is price fixing and illegal in a lot of countries.

Secondly, what's stopping someone from creating another company to undercut all of those greedy bastards to corner the market?

[–] partial_accumen 11 points 23 hours ago

When there’s a dozen manufacturers, they won’t all do it. As I mentioned, this is price fixing and illegal in a lot of countries.

They can't coordinate together to fix prices, but there is nothing legally stopping them from watching each other's public behavior and adjusting their pricing to match.

[–] shonn 3 points 23 hours ago

All B has to do is not raise their prices as much as A.