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Can someone explain to me how exactly doesn’t every corporation raise prices pretty much immediately? Like, they know that everyone has some cash extra every month, so they just raise their prices to get it into their pockets.
This is the one part of basic income I never quite understood.
Because of competition. Let’s say Company A makes widgets and, owing to people having more money, tries to raise prices. Along comes Company B, which also makes widgets, who recognizes that they can out-compete Company A on price. So, they either don’t raise their prices as much or they keep them the same. Company A is now stuck either accepting lower sales, or lowering prices to compete. Once Company A reduces prices (because they want to survive), they put Company B in the same situation until prices stabilize at some smaller profit margin.
So basically, the exact same supply and demand curves which keep prices stable now. It’s not like businesses aren’t already doing everything they can to separate you from your money.In the end, it such a system would likely lead to some inflation. With more money in the economy, there is likely to be more demand for goods. If supply doesn’t expand to match the new demand, prices will go up. At the same time, increased consumer spending is often a good thing, so long as it doesn’t expand so fast that it creates shortages. It may also push up wages for unskilled workers, and those positions may now be harder to fill, commanding higher wages. It may also drive even more automation of unskilled jobs, which isn’t necessarily a bad thing. Those jobs are almost certainly headed for automation anyways; so, it’s better for society if we get out in front of that trend and avoid having a large pool of young, unemployed and disgruntled people running amok in society. Much better to have higher taxes which are used to keep the unemployed youth at least mostly gruntled instead. But, that’s bad for rich, greedy assholes who would rather walk a tight-rope of just enough bread and circuses and full on civil unrest.
Because of competition
We don’t do that well in Canada
Canada doesn’t even give people on disability enough to afford rent, let alone groceries, power bills, car insurance, etc.
Maybe start there. Help the disabled survive.
This is actually a big reason why there are so many opponents of the MAID law.
Too many people with disabilities are taking the euthanasia option simply because, they don’t have any way to live.
Which is simply despicable euthanasia has to be chosen, a sign of a broken system all the way around.
You underestimate the need the liberals have to show they’re Doing Something^TM Since the only thing they really know how to do is sign checks, they’re going to do that.
Personally, I’m not looking forward to the day I get a check I didn’t ask for and then a year and a half later they ask for it all back.
You should read about it.
I know you neeeeeeeeed to hate the non-conservative in power doing nothing for a 1% you may one day be, but get some details on it. So at least so you can rebut it point by point, and remember that you probably make way too much to get a cheque.
I’ve read plenty. I’m not talking about the good or bad of UBI, I’m talking about the certainty of the liberals fucking it up.
