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[-] Peaty@sh.itjust.works 1 points 11 months ago

"If funded fiscally UBI would outstrip any inflation".

Source for this claim please? Its been years but I seem to recall the Roosevelt Institute paper Yang relied on saying something different (worth noting Yang misrepresented this paper).

[-] centof@lemm.ee 2 points 11 months ago* (last edited 11 months ago)

I think the best evidence for this claim is past experience with a UBI via the alaska ongoing UBI. Federal reserve graph showing that since alaska implemented its UBI (in 1982) it has had lower inflation than the US at large.

[-] Churbleyimyam@lemm.ee 2 points 11 months ago

I don't have an academic source; it's my own prediction based on a) what I've seen/am seeing in the economy and b) my own personal finances.

[-] Peaty@sh.itjust.works 1 points 11 months ago

I'll dig it up later but I suspect you have that backwards. As I recall the tax funded UBI produces little to no growth so it shouldn't cover inflation

this post was submitted on 18 Oct 2023
1182 points (93.1% liked)

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