You don't understand business or economics on even an introductory level. What you said won't happen. Everyone likes money and will be greedy. Human nature. The price won't magically stay the same. The cost of beef will go up to make those burgers and McDonalds can't just lock its price if suddenly everyone can afford all the beef they want. That price goes up because resources are limited. You really don't get it do you?
Trust me, people will stop eating big macs if they charge double. They will lose support for gouging. There will be groups dedicated to creating lists for companies who gouge. This is the internet. No matter what, the cost to plant food never changes. Raising prices for labor is fine since it should go back to the workers. Also, i think there needs to be classifications in balance sheets to show lower level employees actually being compensated to justify any price increase.
Wait what? lol... you still don't get it. The rising wages for labor is good if it isn't eaten up by a cost of living that is outpacing it. But it will with UBI. And what the hell do you mean the cost to plant food never rises? You clearly don't know anything. At this point you have chosen a hill to die on. Yes the cost to plant food does change based on the fixed and variable costs a farmer has to deal with. Raising cattle also is affected by the market. And people will have to stop eating big macs if they can't afford them. But that isn't proving your point at all. McDonalds will have to change its business plan for sure, and offer cheap alternatives or change the recipe to include more filler. They won't just lose profits to keep their food cheap. They're a business and shareholders want that growth every quarter. Regardless, you really are missing the point about how wages lag behind everything else. Wages will not keep up with prices actually and people won't be eating so many Big Macs, and that's sad. They should have that option. People slipping further into poverty is not a good thing, and you are acting like wages will go up. That contractor who raises his price will suffer eventually when people can't afford him. Then he will be working for under his value if he can't raise them anymore then he needs, and he will become poorer as well. UBI will put people into poverty and costs go up. This is why UBI creates INFLATION. It will make people poor, it will then be adjusted, and that process will continue. You will have to print new money just to deal with it. You'll see $200 bills and things like that sooner rather than later, and so on. It creates a feedback loop. So explain to me how UBI won't create a feedback look and how prices and the cost of living won't play into that. Until then, please spare me reductive answers about how I am greedy for simply pointing out reality.
You keep trying to sell me on this idea of scarcity as if you really care about the planet. The fact is, food is abundant, water is everywhere, space for housing is plenty. You just do not like it. That is fine. You keep forgetting what ubi stands for. A rolex that costs 5k will not cost more because of ubi. A benz is still 70 grand. Ubi is to help people solve issues with basic necessities. If something becomes too expensive and is not needed people just wont buy or consume it. We get your stance. **** them. Got it.
The reason we live in texas with this suck ass weather is because it is too expensive to live in cali. If housing becomes too expensive, people will just move to new developong areas where it is not. If meat becomes too expensive, more people will become farmers and raise cattle until it is not. More people will consume less meat and become vegetarians if it means they can have peace of mind.
That doesn't stop inflation... and that sounds terrible. People having to leave their homes because they can't afford it. And then our economy becoming more agrarian based? IGNORING the fact that costs to farm will rise regardless. LOL socialist paradise incoming.
It is already happening, what are you talking about? What world do you live in? As for the rest, people have leases and mortgages. You cant just raise the rates on them forcing them out. For people who are seeking housing, they may have to move to newer areas. It is not a big deal. Inflation creates jobs in a smart economy. What you are telling me is ubi would create so many jobs at even the most basic levels of the economy such as food and housing. That is amazing.
If the universe had a basic income globally that would aslo be even better. Americans lose so many jobs because it is cheaper to hire workers outside of the us (and importing the product of that labor to America). Implement ubi globally and many jobs stay in america because it raises wages globally.
There is something specifically called demand-pull inflation. When this happens, you will see companies use inflation forecasts and raise prices in anticipation. This will affect the cost of living and impact the value of the currency. This will create the need for... MORE UBI. Then that UBI will lead to more demand pull inflation. Then there will be an increase in the cost of living and impact the currecy... then there will be a need for.. MORE UBI. This is called a feedback loop and you can't avoid it. More on demand-pull inflation here. https://www.investopedia.com/terms/d/demandpullinflation.asp
There is also something called common sense. People will say no thanks to greedy people trying to dictate housing price. More people will invest in housing and undersell until the equilibrium price is met. 99 percent of the issues raised regarding ubi get solved over time. The issue is not time. The issue is cheap labor. Stop trying to throw paint on the wall and saying this is art. You can keep saying it, but i still do not believe it.
Sorry buddy, it is you who does not understand this boogie man you refer to as inflation. There are different types of inflation. The type you are describing creates jobs. When inflation is due to shortage of supply the price gets raised. That is good, because where there is demand there is money to be made in a free and open market. UBI creates oppourtunity. Opportunity, when capitalized, is always good.
Now we are getting somewhere. You just admit that inflation leads to price rises. That will mean more UBI is needed. This is a feedback loop because it will keep happening. Actually inflation has little effect on jobs long term. That isn't the issue. The issue is the devaluing of the currency and the cost of living and living standard suffering over time. The devaluing of work as well. Inflation is not a healthy thing for an economy and is best avoided. You are welcome to keep trying to sound smart, but you keep looking at things in a bubble instead of the entire economic picture and in the long term.
When the shortage is due to actual limitations, that is a problem. Look around at all this space for housing. Do you see a shortage? I do not care if mcdonalds starts charging $10 for happy meals becuase more poor people have money to spend. Ubi is intended to help with cost of living issues. I can live without mcdonalds.
Do you know what private property is? Just because space exists doesn't mean it will become housing. The cost will go up for that housing and when you give people MORE UBI TO BUY IT THERE WILL BE ANOTHER RISE IN PRICE. That means the currency is screwed. You'll be buying your Big Mac with a wheel barrow of cash. You'll be wiping your ass with dollar bills because they will be cheaper than toilet paper. But that aside, it will screw with savings, investments, borrowing, lending, and interest rates. Your labor will be garbage, contracts will go bust, and prices will just keep rising. This is called hyper inflation. You will not be a competitive economy if that gets out of control. UBI in a best case scenario will not be raised and that will just become a new zero point, and prices will rise to adjust to that and the UBI will not change anyone's standard of living for the better and will just be a waste of government money.
I don't know many people who genuinely support Yang unironically. It's just for the memes. #SecureTheBag
The reason it is empty private land is because they are in undeveloped areas and the cost of keeping it empty benefits the cost of developing becuase there are no shortages or opportunities worth investing in in that area. The us is huge. There is way more space than you can imagine. If everyone wanted a mid size house tomorrow that is less that a tenth of a percent of the space that is empty. That type of inflation in your photo was caused by no jobs, ironicly. That is what ubi is trying to mitigate.
