Hello, I’m not that informed about UBI, but here is my arguement:
Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?
Company A raises prices because they are greedy bastards. Company B is then impressed with the sheer display of dominance by A and raises prices accordingly to “keep up”.
When there’s a dozen manufacturers, they won’t all do it. As I mentioned, this is price fixing and illegal in a lot of countries.
Secondly, what’s stopping someone from creating another company to undercut all of those greedy bastards to corner the market?
When there’s a dozen manufacturers, they won’t all do it. As I mentioned, this is price fixing and illegal in a lot of countries.
They can’t coordinate together to fix prices, but there is nothing legally stopping them from watching each other’s public behavior and adjusting their pricing to match.
