UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
  • centof@lemm.eeEnglish
    5·
    1 year ago
    1. It’s highly inflationary.
    1. False. It is only inflationary if the the government prints money to fund it. If instead the government funds it by cutting unnecessary spending or increasing tax revenue in some way than it is not inflationary. There is the same amount of money in circulation but it is just moving between hands instead of staying in a bank account.
    • Farnswirth@lemmy.worldEnglish
      1·
      1 year ago

      cutting unnecessary spending or increasing tax revenue

      You are technically correct, but in a practical sense: lol good luck with that.