this post was submitted on 15 Mar 2024
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No Stupid Questions
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No such thing. Ask away!
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That only works if literally every landlord is conspiring together. If they're not, then people will flock to the landlords that don't increase the price, or only increase a little. Meanwhile, you think car salesmen will see an extra $1000/mo and not try to take advantage? Why do you think landlords will successfully take all $1000 and nobody else will get a penny?
Everyone will try to get that $1000/mo, but they will have to compete with each other and the people with the money are rational actors who will pick the best use for their funds.
Meanwhile, the question of whether it's inflationary will depend on where the money comes from. If it's matched by a tax that pulls money out of the system at the same time the UBI puts money in, then it won't be inflationary it will just redistribute wealth from the taxed (in every plan I've seen, the wealthy) to everyone else.
Weren't we just told that they were literally conspiring together via that software "tool"?
But you're right it won't immediately go to landlords. It'll raise prices all around which is fine.