UBI is implemented tomorrow. Every citizen gets $1000 per month.
Landlord now knows you have an extra $1000 that you never had before. Why wouldn’t the landlord raise prices?
Now you have an extra $1000 a month and instead of eating rice and beans for a few meals you go out to a restaurant. The restaurant owners know everyone is eating out more so why not raise prices and maximize shareholder profit as always. The restaurant/corporation is on TV saying, “well, demand increased and it is a simple Economic principle that prices had to increase. There’s nothing we can do about it”.
Your state/country has toll roads. The state needs money for its deficit. UBI is implemented and the state/country sees it as the perfect time to incrementally raise toll prices.
Next thing you know UBI is effectively gone because everything costs more and billionaires keep hitting higher and higher all time net worth records.
Any UBI system worth it’s salt wouldn’t be providing a flat amount, it should be based on regional cost of living. So if prices all went up, UBI would have to go up as well.
I don’t know how this answers the question, though.
I’m a landlord in city 1, UBI there is 100/mo. I jack my rental prices by 50.
I’m a landlord in city 2, UBI there is 200/mo. I jack my rental prices by 100.
City 1 responds by raising UBI to 200. Landlords follow suit. City 2 to 300. Landlords to 250.
OP is suggesting that capitalist class just says “uwu, for me?~~~ 👉😍👈”, regardless of the amount or location. OP is suggesting that in practice this is just another slice of pie to be extracted by the capital holders.
I don’t have a fucking clue if it’s true, but I don’t think this response addresses the question asked.
That would be a state of rampant inflation, so the fed would hike interest rates to slow it down.
That would discourage people from spending money (harder to borrow and the interest encourages people to leave their money in savings), which decreases demand and thus prices (loosely speaking).
Quite the opposite. A UBI will flatten differences in cost of living across different regions.
I feel like that is neither universal or basic.
Or deliver the UBI as a basket of subsidized services and goods.
If, for example, we chose socialized medicine instead of a $5000/year UBI, a landlord can’t very well say “Your rent is going up 30 tablets of lisinopril this month.”