If you still don't get it after thinking about it for like 30 seconds
History is written by the Victors
History is written by the Victors
I eat cereal like twice a year, if that. But yeah, when I do, one box tends to last me two meals. I don’t really eat breakfast - when I have cereal it’s because I’m craving it, and it’s liable to replace my dinner at that point.
I just fill the bowl with a lot of milk then take the box of cereal with me, and keep refilling until either I’m full or the milk’s all gone.
Companies will raise their prices (to “what the market can bear”), but they will never be able to raise prices enough to offset the positive effects of UBI. It’s not like your internet bill is going to go up by $2000/month if they suddenly know you’re getting $2000/month in UBI. Your typical person makes purchases from dozens of different companies. An increase of “what the market can bear” won’t be all that much.
And afterward, the effective purchasing power of the vast majority of people will have increased - most noticeably for those who currently have nothing / very little. Least noticeably for those who are reasonably well off already. And for those who are currently doing extremely well off, their purchasing power will end up dropping.
Disclaimer: I have no idea what I’m talking about and I made all numbers in this message up.
Finally, a use for NFTs
Edit: Wait, nevermind, they said no throwing it away
Ars ate the onion?