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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Won’t UBI just lead to massive inflation like the pandemic payments did?[/quote]

Inflation is a result of money supply.  If the median HHI right now is $80k and the median UBI HHI is $50k...it will be deflationary.  Maybe people will be able to earn more than $30k on side hustles, but probably not.

Of course, much of the theory on why UBI would be $50k comes from the idea that AI and robots drastically reduces the costs of things...a car will now cost 50% less if few people are needed to produce it and/or people stop owning cars outright and just subscribe to a driverless car service...food production won't need labor as robots do all the farming or meat packing or whatever...etc.

The problem is that everyone is very fuzzy on how UBI will work.  Would seem that companies will need to be taxed at like 80%+ to support UBI payments.[/quote]

That largely depends on where UBI comes from. If the government prints or borrows the money, it will be inflationary since the money appeared from nowhere. If it comes from taxes, salaries will stagnate. There will be more competition for certain foods, and some prices will up unless there is a change in the way that good is produced.

[b]Taxing companies at 80% will see them quickly offshore.[/b] You will be forced to use an income tax. [/quote]

Why would they offshore?  You don't avoid US corporate taxes based on your HQ, but rather on where you derive your P&L (putting aside all the perverse incentives of the current US tax code which would have to be eliminated...you wouldn't allow all the pharma companies to avoid US tax by using Ireland as an IP tax avoidance country)...but in the AI world being discussed herein, you don't have have any employees or at least significantly fewer employees, so there isn't really anything to offshore.[/quote]

AI is almost entirely IP.

https://en.wikipedia.org/wiki/Corporation_tax_in_the_Republic_of_Ireland#Corporate_tax_inversions[/quote]

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