Would Universal Basic Income be an effective policy?

Most Validated

All a Universal Basic Income would do is cause inflation and raise the cost of living. The policy idea is pointless.

Giving everyone money would cause inflation, or even hyperinflation, and in doing so create a new zero. There would be an increase in demand on the same amount of goods. The policy would thus leave nobody better off as everything—food, rent, etc.—would simply cost more.