The value of any currency is how much real stuff you can buy with it. If there's 20% more dollars in circulation each one would be worth 20% less.
This is why UBI is wealth distribution. Too keep the UBI money from being worthless it can't be printed money, it needs to be money taken from someone else.
It's not quite equal due to factors such as money velocity and liquidity. There's also the question of improved productivity/etc. to be had from this redistribution, which would increase effective buying power.
I mean, it is the case if UBI contributes to inflation, which it clearly would. Literature or no literature, if the money supply increases, prices will increase unless efficiency improves faster.
There's been plenty of inflation post-QE, just not in the CPI[1]. Housing prices post-crash are higher than ever, fueled by still-easy access to financing. Healthcare is up. Education is up. People are just taking the money that was shoved into the economy by QE and low interest rates, and using it for capital expenditures and investments instead of consumer goods. There's so much supply of consumer goods that the money is flowing to places where demand can't be met as easily.
> Just tax money a bit when it gets distributed to shareholders.
Well, that would factor in as a depression of dividends for all stocks; that would only reduce the value of holding stocks, sounds like it would backfire tremendously. Then you have the issue of whether or not to tax dividends to foreign-held stocks: if you tax disbursements, it would compound some countries' taxes and ultimately reduce the value of holding american stocks; if you don't tax foreign disbursements, then the people you're looking to tax would set up their holdings somewhere without a dividend tax.
Right, first I need to state that I would increase the income tax; anyone making about $100k would essentially pay extra as much as they received from UBI, and people making more would end up paying more than they'd get from UBI.
So the tax on dividends would just serve to cover the gap, not the full amount.
>>Literature or no literature, if the money supply increases, prices will increase unless efficiency improves faster.
No. This is one of the pitfalls of economics: overly simplistic models that don't (can't) properly account for external factors, and assume everyone has perfect information and behaves rationally.
That's not actually supported in the literature.