UBI

UBI is fucking retarded

You will have to keep on raising the rate of income as prices go up

Prices go up due to more money being in a market

Which usually leads to inflation

Then you get fucked

Dumbass bernie tier faggots read a goddamn econ 101 book for once hahaha

Other urls found in this thread:

dspace.mit.edu/bitstream/handle/1721.1/64228/somewelfareeffec00bena.pdf?sequence=1
wyliberty.org/blog/economic/inflation-and-the-welfare-state
youtube.com/watch?v=QxUzTW5dM4o
gov.uk/vat-rates
youtube.com/watch?v=y3D5q4FrpT4
twitter.com/SFWRedditVideos

Sage, report and hide.

nice argument

you're absolutely right op
that's why we need a global communist revolution to abolish markets and capitalism

Raising wages is fucking retarded

You will have to keep on raising the rate of income as prices go up

Prices go up due to more money being in a market

Which usually leads to inflation

Then you get fucked

Dumbass bernie tier faggots read a goddamn econ 101 book for once hahaha

we know

u really coaxed us into a snafu this time

Inflation would not be any larger than it is with current floating currencies. Economy still would go trough cycles of booms and busts(even deflation) effecting the prices and markets in a way that would not cause hyperinflation.

Yeah its retarded when the money is coming directly from the government dumbass

You understand how circulatin of money works in an economy right?

Employers already have that money in the market so prices wont go up if they can AFFORD to pay them higher wages

Fucking RETARD

That legitimately is retarded

You assume that inflation won't go up just because other currencies are """close"""" to competing in a macro market?

I'm talking the sole currency of a nation. It's completely delusional, because you will eventually have to start printing money to keep up with the "basic" in basic income

Saying it will do nothing and cause deflation is like saying that if you put a nail in your skull you will get smarter because you have more iron in your bloodstream

No welfare system has caused hyperinflation in any economy. UBI would be no different form welfare expect it in its lack of red tape and how it would drive people towards working part time or for lower wages unlike the current unemployment benefits do.

because they give money for basic shit that's virtually entirely subsidized by the government.
That isn't going to cause inflation because the govt virtually controls the prices of it through subsidization

And welfare systems DO have a large effect on inflation

If you don't go full commie faggot to which you will eventually run out of money and workers to subsidize shit, you will still have to print out more money to fucking fill in for the "basic" which keeps on rising

Also Venezuela and Zimbabwe are perfect examples of welfare systems of it happening

Venez started printing out fucktons and giving people tons of microwaves laptops and other shit and look at it now

Same with zimbabwe but with food and shit

Inflation happens when there's a shortage of a good, if supply of that good is met then there won't be inflation.

Too bad it would be one of the only things keeping your worthless head attached to your body.

Links: dspace.mit.edu/bitstream/handle/1721.1/64228/somewelfareeffec00bena.pdf?sequence=1

wyliberty.org/blog/economic/inflation-and-the-welfare-state

It wouldn't drive anyone to fucking work moron

The minimum wage is whats caused high youth unemployment in the US and only allows most youth to partake in part time jobs

More of your gubment fantasy aint gonna solve shit

hahahahaha


Nice job restricting firearms and shitposting, I'm sure all that anti social faggotry will help you be a Socialist Hero ahahah

...

Assuming that is true, if its supplied through printed devalued currency, then that means inflation will happen….

You can't solve it directly through government power fuckwit hahaha

At least the last OP put across a case against it dummy.

UBI, if handled right would be way better than the current welfare system (in most western nations) and would actually improve people's lives. You salty faggots don't like it cause it keeps capitalism afloat. Nice priorities you got there.

read MMT

No they are extremely bad examples of being welfare states. For one, they are socialist countries run by Marxists or in case of Venezuela an overly price controlled state that has no diversity in its exports and thus suffers form oil markets.

Wast majority of European unions countries have working welfare systems that have not caused inflation to any major degree, same with most developed countries.

Also you should think UBI as reverse taxes rather than substity since that is what it would functionally be.

Okay so don't devalue the currency, use taxation instead.
Yes you can you fuckwit. Stop acting like you know economics, it's quite clear you don't.

Who is saying that it would be printed form national bank in first place? It would be paid form governments budget.

...

I didn't wanna have to show my powerlevel but….


youtube.com/watch?v=QxUzTW5dM4o

Not strictly true. I've done it before so I'm not spelling out the whole thing again, but a UBI of £750/month, for ever adult in the UK (aged 18 and over) would only cost £80bn a year (in 2015 we spent £50bn on debt interest), assuming the majority of other benefits were replaced with it (UBI at £750 is higher than state pension anyway). There would be some people adversely affected by the system I describe. I'd be fine with a system that gave a little extra support to those with severe special needs or circumstances, but this would be capped too.

Back to affordability, mist of this free money would be spent on taxable products. With a sales tax of 20% as we currently have, that's not much off a fifth of the total cost of UBI straight back into the gov.

So no. It is not unaffordable . Next.

I just noticed your flag. lel.

opinion discarded

HAHAHAHAHAHa

not an argument

huh. I've been on Holla Forums since the start and not yet watched one of his videos. He's kinda creepy.

What the fuck are you even saying?

...

not an argument

Not an argument.

Don't worry, we'll just keep passing laws until it works! There's no way rent seekers will game the ubi if we tell them not to often enough!

While I can see your point, it just makes your proclaimed concerns for the poor, downtrodden, exploited ring kinda hollow. Here is a solution. Not final. Not permanent. But something that will makes lives better in this age of record income disparity and the elite consolidating more and more power. This is something to rally round and if they refuse, to fight for. This could EASILY get more people into your extreme, impractical leftism if you embrace it and make the fight about the working poor, those who've by the IMF's very own admission have missed out on the benefits of globalisation.

...

not an argument

Dude its called VAT and we already have a 20% sales tax.

gov.uk/vat-rates

ran out of arguments so soon? kek

Go on. Really, how do you game a system whereby every citizen gets the same lump sum every month, regardless of circumstance? Had you even heard of UBI before ten minutes ago?

should have let him keep digging tbh lad

ITT A lone Holla Forumslyp attempts to start a pissing contest by regurgitating neoclassical pseudoscience and ending every post with "hahahaha"

...

Holla Forumsyp btfo forever eternal

It's been explained to you over and over and you're either too stupid to understand it or just willfully deaf to it. You had a whole thread about your stupid ubi bullshit and despite dozens of posts explaining why your idiot half measure is doomed your only answer was 'well we just won't let that happen.' fuck you. You stupid cunt.

Wooooow

So much lefty assmad in this thread

I bet you all believe the earth is flat too

youtube.com/watch?v=y3D5q4FrpT4

not an argument

Such bravery of not actually responding to arguments being made.

Not an argument.

...

ITT buttmad Holla Forumslyp starts an argument in bad faith in order to masturbate his miniscule ego

...

Dress it up however you like. You actively campaign against something that will improve people's lives then absolve yourself with greater good thinking.

Nobody mentioned gaming the system last time. Explain. How do you game a system where everyone gets the same payment?

Also, going back to the other thread for a second, none of you provided evidence to show that prices for common commodities would go up. And buy-to-let scummers could be zoned by either a new tax on second homes, rent price controls or both.

I'm happy to do this one again.

I don't even think it's even greater good thinking, more spite at this point.

If I can't have my 'utopia', nobody can? Yeah that actually explains it better than anything I'd considered.

Funny I would say the same thing about socdems. Yes in the short-mid term UBI would alleviate some suffering. Clearly there are people in our society who should be cared for who would benefit enormously from it. The issue is that UBI allows porky to draw out the stagnation of capitalism even longer. The revolution will be delayed for an incredibly long time while the contradictions of capitalism continue to make people suffer. Wages would continue to be stolen, the environment would continue to be devastated, people would continue to be alienated, waste would continue to be produced etc… And what about the people in other countries who don't get your special little UBI? Where is their salvation? The truth is that I like the idea of a UBI, I wish I could have it in my country, it would make my life a lot easier. But ultimately it is very short-sighted. In the end porky will find a way to push against the UBI by exploiting the workers even harder. Industry will continue unchallenged. People in third world countries will still starve. Wars will still be fought for gain. Capitalism and all of it's contradictions will just keep going longer than they ever should.