this post was submitted on 13 Oct 2023
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Let's say the government decides to start giving everyone $1000 per month as UBI. Congratulations! Your rent just went up by $1000 per month. Also food is now 5x the price! Why? It's not because of some nonsense "inflation" or any other nonsense liberal argument against it (or wage increases, for that matter). It's simply because capitalists are greedy and they want every cent of your money they can get. If you have more money in your pocket each month, they'll take all of it and more.
UBI cannot work unless you also implement price controls on basically everything, which governments simply won't do. Inflation isn't real. Capitalist greed is. Capital controls the governments, and they're never going to do anything that benefits you.