[quote=FlyerInHi]There will be more money spent on goods and services because people will use the transfer payments to spend. Less money will to prisons and defense contractors.
Assuming the same amount of money, put that in the hands of consumers and you have more spending, plus compounding growth resulting from it.
You should be happy, because spending will done by consumers, taking the government out of the equation.
Granted, there will need to be reforms so that State and Federal governments collect taxes and efficiently distribute UBI. But it can done with little friction thanks to computers.[/quote]Um, FIH, if people “spend” all their UBI on consumables, how are they going to live every month and eat? $10K doesn’t go very far, ESP in CA! What am I missing, here?