Top 5 Reasons For Libertarians to Support Universal Basic Income

4. The current system is unsustainable

Another big question is whether or not UBI would create an uncontrollable bout of inflation. While it’s impossible to project exactly how inflationary it would be, it’s hard to imagine it would be any more so than the current system.

Federal meddling in healthcare has long been attributed to price inflation. In reality, all varieties of federal spending in various fields raises costs. To suggest that UBI is beyond the pale in this regard seems dishonest. We might expect to see a general rise in prices. However, there is nothing to suggest that it would be as dramatic or worse as we’ve seen in other government-sponsored areas.

The U.S. currently boasts roughly $127 trillion in unfunded liabilities through Social Security and Medicare. That’s what is clearly unsustainable. Simplifying the process can hardly make the problem worse