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UBI is a bandaid, and not a very good one.
Sure, having more money absolutely makes life easier. I’m not disputing that and no one with any sense would. But it doesn’t address the numerous problems it seeks to.
But you touched on the problem, adequate controls are needed. We can do adequate controls without UBI.
The problem with UBI is that when you do big payouts like that, they just become a target for price gouging. Everyone knows there’s extra money to be had and they’re going to want their cut. Your landlord is going to know exactly how much extra you’re making and without rent control there’s nothing stopping him from taking it. The best way to prevent that is to force him to compete for tenants.
So wait, why isn’t he competing for tenants now?
Additional housing fixes the rent problem. UBI puts a temporary bandaid on it.
Universal healthcare fixes the medical expenses problem, strong unionization fixes the wages problem.
Don’t get me wrong I’d love the paycheck, but it isn’t the solution people think it is.
Universal Basic Income reduced child poverty by 30%.
https://en.wikipedia.org/wiki/Child_tax_credit#United_States
By making the child tax credit non-refundable it is effectively a Negative Income Tax which is a form of UBI.
‘Additional housing fixes the rent problem. UBI puts a temporary bandaid on it. Universal healthcare fixes the medical expenses problem, strong unionization fixes the wages problem. Don’t get me wrong I’d love the paycheck, but it isn’t the solution people think it is.’
All of your points misunderstand what the goal of UBI is. By guaranteeing that everyone earns a certain amount of income, the government is garaunteeing a basic standard of living. So a CTC of $3600 means that everyone is guaranteeed an income of at least $3600.
At first, there will be an inital raise in prices as a UBI will likely increases aggregate demand which will increase prices, but eventually prices would stabilize.
Of course, this only helps people with children right now, and there are barriers to filing a tax return in the United States. But the laws could be change to expand the credit, and it’s completely possible for the United States to implement return free filing.
The problem with UBI is that when you do big payouts like that, they just become a target for price gouging.
If you have robust laws preventing price gouging, that is not a problem. No one serious is suggesting implementing UBI with no framework around it.
Incidentally, Alaska has a universal basic income in the form of oil dividends every year and there’s no evidence it’s led to price gouging as far as I know.
A few thousand dollars a year is an order of magnitude different than a few thousand dollars a month. Shits already expensive in Alaska because it’s remote.
Incidentally a handful of studies are several orders of magnitude different than actual UBI, and would similarly fail to showcase the problem.
Again- if you have robust laws against price gouging, there is no price gouging problem.
