Yang's Wang

No, inflation is literally only caused by increasing the amount of money in circulation
>t. econ phd

Imagine having this little understanding of a supply chain and thinking you have a valid opinion of businesses

no, there would be inflation but it wouldnt make it "useless"

No... that's a small brained way of thinking of it.

You're already being paid that money. For most people it would merely be a 12,000 dollar a year tax cut.

For the "welfare users" it'll be a 12,000 dollar a year influx - which 99% of them are already receiving.

You'd just cut out the middle man ... i.e. state, federal, and city workers dolling out the money.
Those people are effectively employed by a jobs program anyways.

It's better to think of UBI as a method of reducing govt, and reducing your income tax rather than a free 1,000 dollars a month. If you're a productive member of society that's already your money.

most likely it will be recouped by taxing the fuck out of the billionaires etc.

It really depends, preventing deflation is also inflationary. For instance, instead of 1k a month how about we audit/end the FED and let asset prices come down to market values, home prices could come down by 50% which is far better than 1k a month.

yangfags literally have no answer to this

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supply and demand applies to resources not currency

Yes, there would be inflation. But giving the few remaining people who don't get gibs from the government a few gibs would have almost no impact. It would just put people who work on the same playing field with the people who live off of gibs.

Have you guys taken a day of high school economics, Inflation happens when new money is created and yang isn't going to print money

But then how do businesses compete against each other? Like hypothetically, what would make me go to one store over another if they're all raising prices?

Nope. Most wealth in the U.S. is controlled by the top 1%. Yang's proposal is essentially a redistributionist scheme. It wouldn't even cause inflation if the tax scheme were done right.

it wouldn’t, 1000 won’t all of a sudden be worthless, we get robbed through inflation from central banks already but this way we get something at least. Those sitting on the most cash lose the most

no, it would mean business would boom leading to more hiring to meet the new demand, leading to even high wages and triggering the gold age of man

$1k is the new $0.
>mfw

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Don't worry user, there won't be any inflation because nobody is getting 1000 dollars a month. He's just promoting that to get greedy retards to vote for him without looking at literally any other agenda he has.

You'll not see a dime and your guns will be taken away.

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if you're smart you will just spend the 1k on insurance

>your guns will be taken away.
we already have red flag laws. also pic related

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Why the fuck does everyone hate boomers?

>all businesses raise prices
>a select few do not
>the select few get the customers because cheaper

The select few will be the ultra rich, the small time stores and local shops who buy all their stock from big corporations would run out of business

then all it takes is one company to not raise prices and drain all the customer base by undercutting.

So they end up supplying 80% of the market only most people don't work now because they receive a free income so the company has to pay workers more to get them to make the product which now costs more so they go back to supplying 5% of the market.