this post was submitted on 20 Dec 2023
323 points (97.6% liked)

Futurology

1825 readers
111 users here now

founded 1 year ago
MODERATORS
voidx@futurology.today
Lugh@futurology.today
Espiritdescali@futurology.today
AwesomeLowlander@futurology.today
323
$750 a month was given to homeless people in California. What they spent it on is more evidence that universal basic income works. (www.businessinsider.com)
submitted 11 months ago by Espiritdescali@futurology.today to c/futurology@futurology.today
47 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Espiritdescali@futurology.today 5 points 11 months ago

UBI is a redistribution of money, not a creation of money. The net total is the same, so in theory there is no inflation.