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Pretty much
(lemmy.world)
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this post was submitted on 02 Jan 2025
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If people suddenly have more money out of nowhere, shop owners will start raising prices to compensate. So the long-term effect is that how much goods people can afford doesn't really change, but the value of their savings keeps on dwindling. Unless there is a fault in my logic or an additional policy meant to prevent this, UBI just sounds like a way to make sure people never retire because their savings are made worthless by inflation.