Correct me if I'm wrong, but my understanding of the economy is that money is earned when someone creates value. Just "giving people money" without having the corresponding value be created increases demand for valuable things without increasing supply, leading to inflation and the costs of said things going up.
Government revenue doesn't keep up with expenditures.
check the results from texas and illinois
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> Higher taxes for anyone earning over $100k
Not a failure. Society working as intended.
> [...] lower quality of life [...]
Agreed, that would be a failure, if it were to happen. How on earth could "giving people money" lead to a lower quality of life for them?
> Politicians and corporations earn billions in profits on UBI distribution fees
As opposed to the much higher fees accrued by the more-complex means-tested programs today?
Correct me if I'm wrong, but my understanding of the economy is that money is earned when someone creates value. Just "giving people money" without having the corresponding value be created increases demand for valuable things without increasing supply, leading to inflation and the costs of said things going up.
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