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more people spending money overall helps the economy

The idea behind this only works IF more people are spending. If Rent jumps that money goes to the landlord, who may (but probably won’t) spend the extra money, and it doesn’t benefit everyone.

I forget the term, but there’s an idea that talks about how many people/businesses touch money. So if you create a dollar into an economy (you can’t create money with out causing problems but let’s pretend it’s magic) if that money goes into a person’s bank it’s probably a bad thing. If that money goes through 10 people’s hands, you’re getting taxation on it in every place which is a good thing (for the government). Problem is landlords are usually well off (at least well enough to own more than one property). They might not be “mega rich” but they almost certainly will save that money, rather than spend it.

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fishos@lemmy.world ⁨8⁩ ⁨months⁩ ago
If people aren’t living lay heck to paycheck, afraid of where the next meal comes from, they spend more. You forget that this money will first go to the most needing first. Yes their landlord will pocket some of that. But they will have a reliable place to sleep. They will go out and buy food. Their landlord will pay utilities and taxes… It’s not perfect, but it’s a hell of a lot better than denying those who need it the necessities because “well some people might profit down the line”. Then fix the rental laws. Fix labor laws. It’s not a complete solution, but at least it’s something in the right direction.

And way to miss the point of the analogy by latching on to one trivial difference. “It’s a one time payment” doesn’t change what kind of payment it is and why it’s given. It’s still free money. If you’re gonna be that pedantic, I think your meant to be on Reddit still.

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- Kinglink@lemmy.world ⁨8⁩ ⁨months⁩ ago
  
  If people aren’t living lay heck to paycheck, afraid of where the next meal comes from
  
  You’re not solving the problem of the UBI being eaten up by what they already have to pay for as everything just gets a bit more pricy.
  
  You have this VERY strange idea of what a landlord is. A landlord’s needs are already met, that’s why he has multiple properties.
  
  … and it’s not a trivial difference. A Stimulus check is NOT UBI, it’s limited in who gets it, and it’s a one time payment, so it’s quickly spent whether on needs or wants, and then it’s gone. UBI is a ongoing payment meaning that the market will adjust to the new money everyone has every month. So you can’t compare the two. well you can but you just look foolish… which you’re doubling down on.
  
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