

I disagree that inflation hits billionaires harder, they invest their money in the stock market which outpaces the rate of inflation Year over Year. Meanwhile, your total buying power drops tremendously because of inflation’s increase each year. If most of your money isn’t in the stock market then the worth of your money continues to be less. If you don’t get a wage increase at your job, then you’re making less money each year rather than the same amount as well.
I do agree that UBI is good for workers though, mainly because it also puts power back in the hands of workers since they become not dependent on their employers to survive. Workers instead would be coming into work because they want to thrive.
I do think it’s possible at the state level to have the government step in to have a more hands on role for real estate among other things. Federally I think that’s a long shot, unless other states see how successful the progressive programs are in Blue states.
I don’t disagree that UBI is in many ways a band-aid. I see it as not too complex for your average person to understand though. The rent problem to me is one that needs to be tackled at the same time that UBI gets implemented.
People still get their freedom of spending their UBI as they desire, although some of their existing expenses could be deducted before they receive UBI payment (e.g., child care payments). From a policy selling perspective UBI looks very attractive, especially when you start receiving payments of it for a while. So much so that people would not stand it going away.
So if you’re working and get a UBI on top of your pay, then you have more money to invest in better versions of the things you have. If you’re living on the street, suddenly you have a government that cares about helping you to get off the ground and help put food on your table.
I don’t think specific help programs should go away mind you; I hear that sometimes but I disagree with that perspective. Maybe some of the UBI could be in a currency that’s only spendable on food (like food stamps), so in those rare cases the money potentially still goes to buying food.