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The poorest person in a certain place has 10 income. The richest 10^1000. Prices reflect that - some goods are exclusive and have a price relative to 10^1000, whereas others reflect income as low as 10. Why? Mostly because there's a market of people earning 10, so, as long as you can produce goods with less than 10, you'll profit. Still, those with 10 have little access to important goods like housing.

Now, people have UBI. Let's say, 1000? Prices now reflect the poorest person with 10+1000 and the richest with 10^1000+1000. Goods and services that targeted the 10 income market are now priced for the 10+1000. Housing goes up, food goes up, everything goes up.

The power of money is relative. Adding money to an economy adds inflation, and adding money até the base of the pyramid inflates crucial goods and services.[1]

So, unfortunately, the solution isn't as simple as UBI.

1 https://youtu.be/UfeTFKXbhGY






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