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TravisHeeter | 5 years ago

I mean why is there not a single mention of inflation in this article? I thought for sure, since this was so high up on HN, it would be the most obvious obstacle to UBI.

It's so insane this isn't mentioned because we are living in a time of basically UBI. The govt is giving unemployed people astronomical amounts of money.

I have friends in the restaurant industry, they lost their jobs from COVID. Then, when restaurants started offering curbside, delivery or togo, they needed people again. But my friends said 'No" to their old jobs because they were making $900/week from unemployment. Same thing for Uber Drivers, and many more industries.

And guess what happens when the economy adjusts to the trillion-dollar bailout? Hyper-inflation. So all that money is going to be worth a fraction of what it was before.

And with all this UBI happening right now, guess what they do in their spare time? They get drunk and high and riot. That's what we've created with UBI. And when the other show drops, who's going to be left with the bill? Not me, I invested all my bailout money.

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