When everyone else gets $2000, the $2000 you get has no value.
If you do get it, spend it quick.
That probably isn't true given that Biden's policies will cause a recession and that will restrain any potential inflation.
But, it is true that would be effect of universal income.
Sure it does...if you buy Bitcoin and gold with it.
“When everyone else gets $2000, the $2000 you get has no value.”
Exactly! It’s like the moronic universal basic income. It’s just like redefining zero as 1000. And it won’t stay at just 1000 very long. Talk about moral hazard and further eliminating personal responsibility!
Yhis is not a just a slippery slope but a free fall.