Giving everyone a “basic income” does nothing to shift wealth from rich to poor. You are thinking of just standard redistributive welfare, which is a great policy to achieve that, if implemented correctly and fairly. UBI is something very different from this, for a very different purpose. Read up on political economics to learn more about it.

Adjusting redistributive tax rates and UBI are two different things. You can achieve UBI through redistributive tax means, or you can do it through other means.

We can argue about how long inflation takes to eat up any gains, but the reality is it will eventually happen. Will it take 6 months? 12 months? 36 months? Doesn’t really matter. The very fact that UBI is flat based (i.e everyone gets the same, regardless of means) is the reason it has this problem.

UBI is not a solution to anything. At best, it’s temporary bump in standard of living. At worst, it’s an excuse to remove other more effective wealth redistribution methods and just contributes to worsening inequality. Don’t fall for the trap. Economic models already exist to solve these problems, and UBI is not one of them.

That’s not what I said. I said inflation will just eat up any standard of living gains you think you will make.

The problem of poverty isn’t solved by more “money” - it’s solved by moving beyond the economic/systemic model which creates poverty and inequality in the first place.

UBI fundamentally doesn’t work unless you have controls in place against inflation (read: profiteering). Give everyone an additional paycheck? Welp, I guess prices of everything just rose to compensate this sudden new “cash”.