this post was submitted on 18 Oct 2023
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UBI doesn’t solve this problem, it exacerbates it
How?
Giving everyone in the economy extra money just causes the price of everything to inflate as goods and service providers increase charges, negating any purchasing power increase you think you were creating.
That is a concern, but your argument is basically every business is going to be greedy no matter what. Pretty bleak outlook of the human condition.
Maximising profit is unfortunately the principle driving factor of modern commerce