Humans need not apply - the case for the universal basic income

[Heywood]

Would inflation increase if the government pumped money into the economy through giving people money?

It would, yes. If there is more money to spend (whether created from thin air or redistributed via taxation) then more goods will be purchased and supply will decrease and prices will increase. The best outcome in this scenario would be that with increased demand there would be a need to increase supply, which would mean more businesses, more jobs, and more and more people earning a living instead of living off of the basic income.

You can print more money and not have inflation. The value of money comes from goods and services. If the amount of goods and services are growing faster than money is being printed, that dollar in your wallet will continue to be worth more even though the government is printing copious amounts of them.

---

The end is nigh!

Personally, I miss having to carry my clothes down to the river and beat the dirt out of them. I enjoyed marching into the woods with my bone axe and doing hours of chopping. The fact that most of my day is spent on entertainment and diversions, of which this forum is one example, and socialising is truly depressing. The fact that I have a standard of living that the wealthiest person 1000 years ago would envy makes me feel very bad. And as for living twice as long...the guilt, the guilt! I just hate all this modern technology...it has ruined an otherwise purposeful and productive life.

Without a universal basic income replacing a the rag bag of government programs, the system which will develop instead is one where the government tells you how much to spend on food, how much to spend on housing, how much to spend on utilities, etc. Your life will be managed by a robot social worker.