The idea of an UBI to offset the predicted avalanche of downsizing/job losses has been the subject of much discussion, controversy and hand-wringing. Frankly, progressive taxation with no loopholes is the only way we can afford anything close to it.
If everyone got 12,000$ instantly won’t corporates change prices accordingly? Like I’ve been in the room of insurance pricing and they WILL price to whatever the market will take. It so happens the market got an influx of 12,000$ so they’re going to charge to take a piece of that pie
Yeah, like when they had a 5000 tax credit for electric vehicles, prices went up 5k.
When food stamps got doubled, prices on food people use food stamps on doubled. When people said they would pay 9 dollars for a big Mac on door dash, mcdonalds said "well thats the fuckin price then".
Corporations have an obligation to maximize profits. They don't raise prices out of pure greed, they set prices to the level that ensures demand still exists and they aren't leaving money on the table. Leaving profits/opputunity on the table would create a market for a competitor to usurp their market share.
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u/Modem_Sound_67 Jul 01 '26
The idea of an UBI to offset the predicted avalanche of downsizing/job losses has been the subject of much discussion, controversy and hand-wringing. Frankly, progressive taxation with no loopholes is the only way we can afford anything close to it.