this post was submitted on 20 Dec 2023
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$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
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[–] 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.