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Are you in support of UBI? (lemmy.world)

submitted 1 week ago by Zeon@lemmy.world to c/asklemmy@lemmy.world

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Hello, I'm not that informed about UBI, but here is my arguement:

Everyone gets some sort of income, but wouldn't companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?

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[-] donuts@lemmy.world 2 points 1 week ago

Company A raises prices because they are greedy bastards. Company B is then impressed with the sheer display of dominance by A and raises prices accordingly to "keep up".

When there's a dozen manufacturers, they won't all do it. As I mentioned, this is price fixing and illegal in a lot of countries.

Secondly, what's stopping someone from creating another company to undercut all of those greedy bastards to corner the market?

[-] partial_accumen@lemmy.world 10 points 1 week ago

When there’s a dozen manufacturers, they won’t all do it. As I mentioned, this is price fixing and illegal in a lot of countries.

They can't coordinate together to fix prices, but there is nothing legally stopping them from watching each other's public behavior and adjusting their pricing to match.

[-] shonn@lemmy.world 3 points 1 week ago

All B has to do is not raise their prices as much as A.

this post was submitted on 11 Dec 2024

282 points (96.7% liked)

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