Comment on Largest Study on Guaranteed Basic Income Proves Transformative for Participants
BrikoX@lemmy.zip 5 months agoWe had plenty of real life tests. Look at COVID-19 as the latest large scale example. Countries were giving out people unconditional cash and research showed that it was overwhelming success.
There are also plenty of different scale examples in the world. See www.vox.com/…/universal-basic-income-ubi-map
hitmyspot@aussie.zone 5 months ago
I’m in fovour of ubi and inthino we have no choice but to implement it in some way, but let’s not forget that covid payments led to huge inflation worldwide. Its led to a cost of living crisis.
BrikoX@lemmy.zip 5 months ago
Was it payments that caused it, or was it greed? Because inflation and shrinkflation happened at the same time as record profits for companies. It’s a popular talking point to blame cash payments for inflation, but reality doesn’t reflect that if you take even a cursory look behind the mainstream narrative.
hitmyspot@aussie.zone 5 months ago
Supply and demand were both affected. Yes, there was profiteering too. Its complex. However, creating money, which we did, meant a larger demand, which led to inflation. It was worse for some things, especially of supply and bottlenecks were a problem.