Here’s a good breakdown: …berkeley.edu/unboxing-universal-basic-income/

As for my thoughts, yes there would be a noticeable impact at first, but UBI would help stabilise and strengthen the economy in the long term because purchasing power and demand will increase. If supply can keep up, prices won’t go up. Companies can’t just raise prices as that’s called price fixing. Antitrust laws should be there to prevent that, but your mileage may vary depending on your country. That means that if some companies decide to raise prices because of more purchasing power, some smart company is going to charge less to gain more market share. So we’re still doing capitalism, but there’s a social safety net.

Also, people will still go to work to find purpose. Except “work” in this case could mean the freedom and flexibility to contribute locally, or take higher risks like entrepreneurship or becoming an artist.

That means that if some companies decide to raise prices because of more purchasing power, some smart company is going to charge less to gain more market share.

Here is how this turns out in reality: 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”.