this post was submitted on 20 Dec 2023

325 points (97.4% liked)

Futurology

1739 readers

250 users here now

founded 1 year ago

MODERATORS

AwesomeLowlander

325

$750 a month was given to homeless people in California. What they spent it on is more evidence that universal basic income works. (www.businessinsider.com)

submitted 10 months ago by Espiritdescali to c/futurology

47 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Espiritdescali 5 points 10 months ago

UBI is a redistribution of money, not a creation of money. The net total is the same, so in theory there is no inflation.