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Are you in support of UBI? (lemmy.world)

submitted 4 months ago by Zeon@lemmy.world to c/asklemmy@lemmy.world

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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?

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[-] magic_lobster_party@fedia.io 7 points 4 months ago

Everyone gets some sort of income, but wouldn't companies just subside the income by raising their prices?

Not necessarily. Companies need to set prices they can compete with. Customers might just go to the competitor otherwise.

This is provided that there is competition. Monopolies can set the prices how they want, because there’s no competition.

[-] weeeeum@lemmy.world 1 points 4 months ago

Its not like UBI invented competition. The fact that prices are rising for goods while costs to produce said goods is lowering is a symptom of lacking competition and a broken system.

At some points big companies are just going to agree to stop lowering prices. There's a reason insulin is so damn expensive.

this post was submitted on 11 Dec 2024

197 points (96.7% liked)

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