Where does the extra money come from? I find it hard to believe we could be taxed the same and have massive subsidies. What is the ideal 'level' for lack of a better word of the UBI, as in are we talking a basic living wage or enough to have a decent amount of disposable income?
Meep wrote:If most people were better off (better equality in other words) I would expect basic commodities like food to become marginally more expensive, because there would be less pressure on supermarkets and such to lower prices, whilst things like luxury electronics (basically anything people do not have to buy) would actually go down in order to take advantage of a larger market. For example, if the UK had a larger potential market for a new console or whatever then it could be launched at a lower price and still make better returns.
Why only a marginal increase in the price of food? If people having less money is a factor in prices going down surely having more money will result in them going up?