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Benefits/Pitfalls of a guaranteed basic income as proposed by the Canadian government
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Galaxie64
Posted 3/2/2021 11:25 (#8867992 - in reply to #8867795)
Subject: RE: Benefits/Pitfalls of a guaranteed basic income as proposed by the Canadian government


WY, OK
No matter the amount, whatever it is ,the UBI will be the new 0.

Look at how everything in the Ag sector shot up and got scarce when the CFAP and PPP money started rolling.

What will end up happening is you'll have a digital account, you'll get digital dollars and they will only be good for certain necessities, so expect groceries and other "necessities" to rise in price dramatically. Basically just like how food stamps currently work. Amazon, Costco, and Walmart will reap most of the rewards. And once again they will transfer wealth from the poor masses to the very rich, all the while telling the poor they are helping them when, in realty, they are stealing from them through future inflation, which is just a tax.
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