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/biz/ - Business & Finance

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4008325 No.4008325 [Reply] [Original]

How will UBI (universal basic income) affect markets?

>> No.4008355
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4008355

>>4008325
prepare yourself for zimbabwe levels of inflation

>> No.4008388

stock prices of nigger shit will skyrocket

lottery companies, fast food joints, Newports, basic frivolities and wastes of money meant to wring what little cash the poor have

"Nerd" merchandise will similarly go up, because students are another "poor" demographic that wastes a lot of their money on useless stuff like figurines, t-shirts and collectibles.

>> No.4008464

doesn't matter, because no first world country will allow ubi to happen.

>> No.4008498

>>4008464
lol only first world countries are even considering it dumbass
read a book or something

>> No.4008572

>>4008325
I'm so tempted to make a poverty tier UBI shitcoin, set it up to a site, allow people to get like a very small amount per month $1/mo, verify identify with third party passport/ID services, and connect it to a custom marketplace where people can buy and sell goods just to see what would happen. Just releasing coins, verifying users, and overseeing the marketplace. Let people decide if they want to commerce with it or trade it on exchanges.

>> No.4008636

>>4008325
Prices in the market basket will increase to reflect the rise in income at lower income levels.
Things will be more expensive overall
Employers will pay less
Participation in the workforce will drop dramatically
Poor people will still be poor in terms of their standard of living.