Global News
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It's money that has no value if it's truly universal. If it's not universal, but only a select group gets it, yep pretty much no downsides.
Saying money is worthless if everyone has it is asinine. Gatekeeping shit is an idiot's idea of intelligence. The money won't change spending at the top levels because they already spend that much daily on services alone. But at the lower income brackets it generates lots of purchases on products and goods. It boosts manufacturing which in turns buoys stock market valuation and guarantees value for the investor.
UBI is so good for everyone, even the super rich, that it's insane not to participate. But without the threat of lifestyle shock, the wealthy don't have leverage to make exasperated workers try to achieve more for less. It will literally help people with the stress of living paycheck to paycheck.
If it's universal then it guarantees a minimal capital throughput at each nexus of value and the market. That's extra income at all levels from spending, taxes, and the buyer's unspent capital - it's huge and is a means to jumpstart any economy and keep it running for as long as the UBI flows.
Okay, humour me. Everyone suddenly gets $100 per month. Now, some big grocery chain knows that every single one of those customers has an extra $100. What do you expect to happen? They'll be like, "cool people will buy more stuff" or they'll be like "that's an extra $100 we can extract by making the most common things people buy more expensive," which do you think is more likely?
I'll humor this, even though I'm tired of answering this same question. I'll do you a favor and give you the short version, first: Inflation has nothing to do with how currency is distributed and everything to do with the supply of currency in circulation. Now that we've established the basic concept, let's break some of it down. If there's $100 in circulation, it doesn't matter if one person has all of it, or 100 people have $1. The value of $1 is the same. If $1000 is in circulation, then $100 is worth less than if only $100 is in circulation, even if one person has $901 and everyone else has $1. Why is this so difficult to understand? Why do you believe that money is somehow worth more if its distribution is unequal? If people buy more stuff, that's called a healthy economy. If people buy 'too much milk and the prices go up' then someone will sell milk for less to undercut the competition in a healthy economic system. If you can't sell it for less, you innovate. If you can't innovate, or sell for less, then you can't compete and you lose. Everyone being able to afford more milk doesn't cause $1 to be worth less. Of course, this example isn't realistic anymore, but that's due to capitalism failing -- the underlying principals of the example still hold true.
The problem is in markets with little to no real competition. So, housing. But really that is a separate problem that also should be fixed and could be but for some reason is apparently politically unpopular to do so.
We literally fixed this exact problem before.