Whether there will always be new jobs is impossible to predict. There may be, or not.
Guaranteed basic income doesn't necessarily give money to everybody: only at the lowest levels of income, where people already have the lowest levels of consumption. It seems like the increase of consumption at the low end from a basic income could be easily projected, and I suspect the impact on inflation would not be overwhelming. Of course I also think we should have a slightly higher inflation target (say 3%), as well.
A basic income would definitely need to be paired with supply-side policies to reduce poverty, to reduce housing prices for example.
> Guaranteed basic income doesn't necessarily give money to everybody
As discussed in the article above and as debated in both right- and left-wing political circles, guaranteed basic income does give the basic income to everybody, either in cash benefits or tax credits [1].
Thus, basic income is unconditional. There is no expensive bureaucracy to decide who gets it and who doesn't get it. And there can be no accusations about "those people" receiving basic income, and the accuser not. Everyone gets it.
Except that basic income has to be paid for with taxes. So everyone that works has a higher tax that they pay. Now below a given yearly earned income, the money you get from BI exceeds the additional increase in taxes. But above that threshold, you would be paying more in taxes than what you get back from BI. The real question, is where do you draw that line? At 50K a year? 100K? Or do you get it from property tax (and include all assets someone owns, including foreign holdings, as taxable)?
Guaranteed basic income doesn't necessarily give money to everybody: only at the lowest levels of income, where people already have the lowest levels of consumption. It seems like the increase of consumption at the low end from a basic income could be easily projected, and I suspect the impact on inflation would not be overwhelming. Of course I also think we should have a slightly higher inflation target (say 3%), as well.
A basic income would definitely need to be paired with supply-side policies to reduce poverty, to reduce housing prices for example.