How are we affording all this welfare?

[Outcast440]

They get UBI, but they also get taxed extra (to pay for UBI). At some point in the income spectrum, these two will be equal (let's say £50k). So anyone making above it pays more than they get, anyone under it pays less than they get.

it's still going to cause inflation, because if you're on around min wage-49K you'll still be getting more. Plus of course, prices, rents etc will go UP as landlords and sellers will know the people have more cash spare

 

[R.P.L]

But we can print our way out of trouble - you've already identified the problem in this post. Where the money is going. It needs to be put into a green New deal / jobs guarantee there will be almost no inflation risk until everyone has a job. That's what the government should be aiming for. Unfortunately as you've stated the rich only care about short term gain at the expense of society. The reality of climate change and automation are going to hit and there will be lots of civil unrest. But you know let's all worship Jeff Bezo's making 30 billion during the pandemic or whatever.

https://www.taxresearch.org.uk/Blog...ve-any-chance-of-recovering-from-this-crisis/

https://www.taxresearch.org.uk/Blog/2020/07/29/51902/

I'm getting strong socialist overtones from your post, which means that we probably have fundamentally different views on how much the government should interfere with the market / are responsible for people's finances. I believe in the free market, and think that if they stopped manipulating the markets then things would be much better. Property prices would be more affordable, for a start.

 

[Greebo]

it's still going to cause inflation, because if you're on around min wage-49K you'll still be getting more. Plus of course, prices, rents etc will go UP as landlords and sellers will know the people have more cash spare

trials so far in corner countries shows that it doesn’t cause inflation. If you set it up right and the right amount of money, it should work

 

[StriderX]

I'm getting strong socialist overtones from your post, which means that we probably have fundamentally different views on how much the government should interfere with the market / are responsible for people's finances. I believe in the free market, and think that if they stopped manipulating the markets then things would be much better. Property prices would be more affordable, for a start.

Pretty sure we tried that in the run up to the 1920's, didn't go so well. Why is it that the biggest proponents for free markets all seem to be knee deep in the states trough right now? I mean if the principle was important, they'd not be so brazen in kicking the legs off the platform they stand on.

Also, how far does this free market extend? I presume there's no borders or immigration laws, as that's getting in the way of the free market.