Why would it increase inflation? An equal amount of money is taken out of taxes. There’s no new money being created.
> But what Yang doesn't do here or in his book is make a powerful case to fiscal conservative spelling out just how universal income will avoid demolishing the economy through inflation. Until this happens, UBI is going nowhere.
If you took 100 dollars out of the pocket of every American and gave it to Warren Buffett, that would most likely be deflationary.