If in a deflationary environment people hold onto their money, then there will be less spending. That means less business income. That means small business close, and big businesses hire less people. That means people get less money, which leads to less spending, etc.
If we want to have something like UBI to take care of income instead of work, that still comes from tax dollars, which relies on economic activity (capital gains from investment, income tax, sales tax, etc).
In other words, less economic activity has specific impact on real world people and how much money they can get. It’s not just about investing, not just about billionaires.
If we want to have something like UBI to take care of income instead of work, that still comes from tax dollars, which relies on economic activity (capital gains from investment, income tax, sales tax, etc).
In other words, less economic activity has specific impact on real world people and how much money they can get. It’s not just about investing, not just about billionaires.