He suggested that instead, we use the money that we would use for UBI to guarantee that EVERYONE’S basic needs are met. Housing, food, healthcare, etc…
if the customer is given free cash, corporations might jack up prices to get some of it.
if the customer has free healthcare, the corporation doesn’t see any “free cash” they can get some of. Of course they’re aware the customer should be spending less on necessities like healthcare, but they aren’t necessarily bringing home more than they were last month, they’re just retaining more.
That is the entire purpose of UBI. Literally.
No he’s altering who has the cash.
In his discussion he means:
if the customer is given free cash, corporations might jack up prices to get some of it.
if the customer has free healthcare, the corporation doesn’t see any “free cash” they can get some of. Of course they’re aware the customer should be spending less on necessities like healthcare, but they aren’t necessarily bringing home more than they were last month, they’re just retaining more.