Yeah, billionaires like UBI because they can pretend they care about the plebs, but in reality they know it will just cause inflation, which there stocks won’t be effected by, and push even more money into the stock market to protect against inflation, inflating there portfolio.
The plebs will then realize it’s not working and then be skeptical of any program designed to help the poor. UBI is a poison pill for the left.
Musk isn’t suggesting a UBI in the form that has already been tested successfully without inflation. Like any government expense, the funds are typically raised through taxes.
Yeah, billionaires like UBI because they can pretend they care about the plebs, but in reality they know it will just cause inflation, which there stocks won’t be effected by, and push even more money into the stock market to protect against inflation, inflating there portfolio.
The plebs will then realize it’s not working and then be skeptical of any program designed to help the poor. UBI is a poison pill for the left.
Musk isn’t suggesting a UBI in the form that has already been tested successfully without inflation. Like any government expense, the funds are typically raised through taxes.