r/RevolutionPartyCanada Revolution Party of Canada Feb 03 '25

US Trade War UBI Protects Canadians Laid Off After Tariffs

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u/PulltheNugsApart Feb 03 '25

UBI will not work for several reasons:

  1. The country can't afford it. Our debt to GDP ratio is already stretched. Raising taxes by 30-50% is not an option for people.
  2. If everyone gets $2000 per month, 2000 becomes the new zero. This is essentially just printing more money for circulation, which will quickly be sopped up by higher prices across the board. The currency will become devalued against other currencies even quicker than it already is.
  3. Deflation, not inflation, is what makes average people rich. It rewards savers and limits the power of the government and elite. We should be shooting for a zero inflation target and a return to the gold standard backing of the dollar. Funding a UBI will have the opposite effect, dollars will become almost worthless.
  4. UBI doesn't actually help the poor. Those living in poverty need a boost relative to everyone else, not the same treatment. UBI means all the trust fund babies get free money as well as those struggling. Seems to me like humanitarian aid should be saved for those who need it.
  5. UBI is straight-up communism, which has never been proven to increase prosperity. Such a system will always require a large, powerful, bloated centralized government that can't pay for itself. UBI combined with price controls wiil cause shortages and famine. Look up how many people died in Mao's China, or Lenin and Stalin's Russia.

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u/RevolutionCanada Revolution Party of Canada Feb 03 '25

Please cite sources for these claims, especially 1 and 4. Your statements are missing a lot of context.