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...and how do you stop companies from hiking prices to absorb it?

Purchasing power will still be increased through imports.

You can't "import" housing though. And businesses collude all the time.

I think UBI is untenable until we hit some Star Trekian post scarcity economy.

But if people could decouple income from location, people could move to cheaper housing. There are free houses in Detroit and Baltimore because there are no jobs and that area sucks. In a UBI-topia, people would leave Sf and move to Baltimore.

Until the BI is implemented in those countries, and the companies there have to increase the prices.

That just brings another problem. You will have two kind of countries: some with BI and some without BI. How are you going to convince the people from the countries without BI not to move to a country with BI?

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