The main problem with UBI is that it's inevitably going to be funded on borrowing, which creates an enormous inflationary pressure, by "creating" currency out of nowhere and injecting it into the economy at large. To mitigate that, the government would either have to find an effective way of extracting revenue from somewhere, to avoid borrowing, or they'd have to find some way of removing currency from the economy by "destroying" it at the same rate it's being "created". Normally paying back the debt that created the currency would resolve this, but governments tend to just borrow more to cover that.
UBI will probably only be truly effective in resource-based economies that also import most of their other needs, because they're "creating" currency by the sale of those primary resources and then "destroying" it again by spending outward to import goods. In that situation, a UBI simply circulates the currency for a little longer, before most of it leaves the national economy again. Alaska does something like this, with the Alaska Permanent Fund, though it's not nearly enough to live on. Norway also has a similar arrangement.
Short-term, they don't care about inflation because it primarily affects the 99.9%. The top 0.1% has enough money for multiple lifetimes' worth of spending. That is accounting for their massive spending to maintain their child trafficking network and pedophilic activities.
Long-term, their solution is to have everyone on CBDC and using digital ID. UBI can be distributed on CBDC, which has an expiry date. The currency that was created out of nowhere for UBI has to be used or it gets automatically destroyed.
With CBDC and digital ID, the grifting can continue. And without the need to be backed by any physical resource, grifting will continue in ways more creative than before.
The above is not a conspiracy theory or a guess. One country already has an early implementation of this.
Singapore is already starting the slow boil that will lead to digital currency that only works if you have a smartphone and the app, and expires if you don't use it, that all those conspiracy theorists keep talking about. Last year, they issued
digital handouts to the public that could only be used with their app. This year, they did it again with digital handouts
to the million men who were conscripted in the last 50 years.
Today, the filter criteria was set to "citizenship_status: active, birth_gender: male, conscription_status: 1_served or 2_serving, birth_year_min: 1949, birth_year_max: 2005" to be eligible for the handouts which expire if not used by a set date.
Tomorrow, the filter criteria will be set to "vaccination_status: 1_uptodate, dose_count_min: 24, is_organ_donor: true; social_credit_min: 1000, is_political_dissenter: false, age_minimum: 75" to be eligible for pension payments which expire if not used by a set date.
The day after, the filter criteria will be set to "vaccination_status: 1_uptodate, dose_count_min: 24, is_organ_donor: true; social_credit_min: 1000, carbon_credit_min: 800, is_political_dissenter: false, gay_sex_history: true" to be eligible for UBI which can only be used on authorised transactions for fake meat, public transportation and gender change surgery and expires if not used by a set date.
WIth CBDC and digital ID, the accounts of elites can be specially flagged so their currency will never expire. Unless an elite does an Elon and starts acting erratically. This is undesirable to the state. They can contact IT who will reset the currency expiry flag and put that person on a remedial programme. Failing to repent, that elite will have all their access to their financial accounts, access to physical locations and access to digital communications instantly revoked.
