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this post was submitted on 18 Oct 2023
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Or we could, you know, give free housing, healthcare and food to people who need them. UBI only works in a perfect society where the market doesn’t take advantage of it.
Sorry, but that is simply not true. Alaska has had a form of UBI for decades funded by oil revenues. It decreased inflation. Canada also has a basic income for families that also hasn't caused inflation.
With the introduction of this dividend in 1982, Alaska went from having the highest rate of inflation in the US to the lowest. Source
Graph showing the last paragraph of my answer. I had to reply with another instance as lemm.ee has disabled images.
Graph from stlouis fed showing same data as embedded graph
Scott santens blog with graph