This is an interesting thread. Part of what he misses, tho, is that these changes aren't all caused by outside forces. His grandfather retired at age 50 and received a pension for 30 years. Where does he think that money came from? Answer: medium taxes on his parents. https://twitter.com/FarmerIsidore/status/1105461659735334912 …
This is incorrect. It doesn't matter if UBI costs nothing to earn or not; the only thing that devalues currency is creating currency. If we give away $1T of UBI, but collect $1T in taxes to pay for it, there's no inflation.
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Phrasing the point is awkward. I'm sure you can improve it. Rough example: Low-income rent will promptly increase by
$UBI/mo because landlords know renters have the money, but the supply of apartments hasn't increased. What renters get won't improve. Value of $ flattens for poorThanks. Twitter will use this to make your timeline better. UndoUndo
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