Tax cuts are an interesting analogy I hadn't thought of. The first difference that comes to mind is that a tax cuts are still "earned" money. Less of the money I worked to earn gets taken. So while a tax cut does result in more income, that income is still tied to work done by the individual, and proportional to their gross income. Also, there are generally more strings attached to tax cuts to incentivize the income being spent on certain things (ie child tax credit, retirement, etc). So not apples and oranges, but worth thinking about more and seeing if there are studies linking (or not) inflation to tax cuts as other replies suggest.
The $1001 candybar is just an analogy. I am _wondering_ if prices in general would adjust in a way that negates the UBI in part or whole. If 1000 is the new 0, then would pricing just adjust? I'd love to see data one way or the other on this, but am concerned that small-scale or regional studies might not be able to see this sort of effect.
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Tax cuts are an interesting analogy I hadn't thought of. The first difference that comes to mind is that a tax cuts are still "earned" money. Less of the money I worked to earn gets taken. So while a tax cut does result in more income, that income is still tied to work done by the individual, and proportional to their gross income. Also, there are generally more strings attached to tax cuts to incentivize the income being spent on certain things (ie child tax credit, retirement, etc). So not apples and oranges, but worth thinking about more and seeing if there are studies linking (or not) inflation to tax cuts as other replies suggest.
The $1001 candybar is just an analogy. I am _wondering_ if prices in general would adjust in a way that negates the UBI in part or whole. If 1000 is the new 0, then would pricing just adjust? I'd love to see data one way or the other on this, but am concerned that small-scale or regional studies might not be able to see this sort of effect.