If people suddenly have more money out of nowhere, shop owners will start raising prices to compensate. So the long-term effect is that how much goods people can afford doesn’t really change, but the value of their savings keeps on dwindling. Unless there is a fault in my logic or an additional policy meant to prevent this, UBI just sounds like a way to make sure people never retire because their savings are made worthless by inflation.
If people suddenly have more money out of nowhere, shop owners will start raising prices to compensate. So the long-term effect is that how much goods people can afford doesn’t really change, but the value of their savings keeps on dwindling. Unless there is a fault in my logic or an additional policy meant to prevent this, UBI just sounds like a way to make sure people never retire because their savings are made worthless by inflation.