It seems we've wandered into the meaning of money. Which type of money, inflationary or deflationary, would more satisfy the requirements of UBI. Maybe we should have started off with the requirements?
RE: Universal Basic Income: Deflationary or Inflationary
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Universal Basic Income: Deflationary or Inflationary
While most people see inflation as evil and not income redistribution, then deflationary currency is better. But government have to collect taxes from those making profit (earnings after investments) to provide UBI. This is much more expensive than just print new currency. But how can you suppress the greed of people and make them understand the function of inflation to redistribute income? Difficult task. So deflationary + impose high tax rates in progressive rate is likely more acceptable for majority.
If you would be in China, you could try both approaches in 2 districts per 5 million people and wait 'n see.
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