this post was submitted on 06 Oct 2025
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Fundamentally money is a way of allocating limited resources. As long as there remains greed and limited resources, there need to be such limits. All anti-capitalist campaigners seem to rightly agree that human greed is a constant factor, so it would be crazy to forget it here.
If you give out money the people who own stuff (rich people) will just increase prices and take all that money.
Yes, but the free money that is given out is typically obtained by taking it from the people who own stuff.
That would be great but it's usually not the case (look at COVID, the banking crisis in 2008 etc). The money is not coming from the rich.
So, why don't they do just increase all the prices now?
Because people can't afford it?
If you print £100 and give it to every person, then yes. But if you tax every person with progressive taxation so that the poor pay little or no tax, and then give everyone £100 using the proceeds, no, because you are changing the distribution of resource-allocation-units between the people who had the most and the least of them previously.
Even in the former example the inflation hits the billionaire harder than the worker. For example if we all got a trillion dollars it wouldn't really matter that Elon has a trillion and a half. Scale that same principle down and UBI is good for the workers.
The "price increases" side of inflation harms the people that hold money.
Billionaires do hold more than poor people, but they still mostly don't hold any. It's normally the high-middle class and the poorest fraction of the rich that are hit the most here. You need proper taxation to reach the billionaires.