Comment by K0balt
Because presumably the money doesn’t come from increasing the money supply but rather by the redirection of tax revenue.
FWIW we have had a form of UBI in the USA for decades: the earned income tax credit, which for many people amounts to a significant subsidy over and above their tax burden. Nobody stopped working, and prices didn’t go up.
>FWIW we have had a form of UBI in the USA for decades: the earned income tax credit, which for many people amounts to a significant subsidy over and above their tax burden
How is a tax credit that you only get if you're working, and scales up depending on how much you earn (to an extent) an "universal" basic income?
>Nobody stopped working, and prices didn’t go up.
Nobody stopped working because you had to work to get the tax credit.