I don’t know how relevant this is now, but here’s a link to another post where I expressed my thoughts on what kind of pitfalls you might most likely face – https://lemmy.world/post/36867409
By the way, what is this phenomenon on Lemmy? Let’s say people are reluctant to read and comment on old posts published just a couple of days or a week ago, but with new ones, it’s a completely different story. What kind of psychology is this? Or it seemed to me?
Even in the former example the inflation hits the billionaire harder than the worker. For example if we all got a trillion dollars it wouldn’t really matter that Elon has a trillion and a half. Scale that same principle down and UBI is good for the workers.
I disagree that inflation hits billionaires harder, they invest their money in the stock market which outpaces the rate of inflation Year over Year. Meanwhile, your total buying power drops tremendously because of inflation’s increase each year. If most of your money isn’t in the stock market then the worth of your money continues to be less. If you don’t get a wage increase at your job, then you’re making less money each year rather than the same amount as well.
I do agree that UBI is good for workers though, mainly because it also puts power back in the hands of workers since they become not dependent on their employers to survive. Workers instead would be coming into work because they want to thrive.
The “price increases” side of inflation harms the people that hold money.
Billionaires do hold more than poor people, but they still mostly don’t hold any. It’s normally the high-middle class and the poorest fraction of the rich that are hit the most here. You need proper taxation to reach the billionaires.