Hello, I’m not that informed about UBI, but here is my arguement:

Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?

  • .Donuts@lemmy.world
    63·
    11 days ago

    Company A raises prices because they are greedy bastards. Company B is then impressed with the sheer display of dominance by A and raises prices accordingly to “keep up”.

    When there’s a dozen manufacturers, they won’t all do it. As I mentioned, this is price fixing and illegal in a lot of countries.

    Secondly, what’s stopping someone from creating another company to undercut all of those greedy bastards to corner the market?

    • partial_accumen@lemmy.world
      121·
      11 days ago

      When there’s a dozen manufacturers, they won’t all do it. As I mentioned, this is price fixing and illegal in a lot of countries.

      They can’t coordinate together to fix prices, but there is nothing legally stopping them from watching each other’s public behavior and adjusting their pricing to match.