It's not the inflation that may or may not be incurred but the controls and strings that will be pegged to this. Nothing wrong with UBI so long as it has the correct principles.
Canada will bring as always and can be expected the WRONG principles. Just how they do everything.
Canada can fuck off! and just keep fucking off.
I mention the inflation because that will be the most visible effect up front. The controls may take time to be implemented as they try to convince the sheeple to sign up, and I can almost guarantee there won’t be any at first. I disagree with the notion of “there is nothing wrong with UBI” because it’s a system that relies on stealing from one group of people to give to another. Plus the reason why UBI is even necessary for the most part, has to do with using fiat money. Under a hard money standard, most people on welfare today wouldn’t need it to begin with.
This can only work in smaller groups like families and communities where there is mutual trust and relationship beyond money.
As long as it’s not top down coming from the state & if based on consent, then yeah there is a high chance it could work
Like I said the fundamentals of UBI. Not all UBI requires the stealing of resources from one group to give to another. See Abraham Lincoln's green back which was not borrowed from bankers or stolen from other parties.
The problem with "hard" money is that the bankers have been buying all the gold with fiat for 140 years.
To back anything with gold or bitcoin is to place monetary controls bake into the hands of the bankers.
Bankers don't own my labor or my products and is the reason I favor the 1935 monetary principles being explored.
Of course the bankers don't want us to explore these idea's!
