system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Andrew Yang's plan to give all Americans $1,000 per month would do little more than dramatically increase rent prices and other prices as well.

It seems like a universal and equal influx of cash like that without a change in supply will only lead to higher prices. Especially in areas like housing, etc. Most people it seems, who are renters, given an extra $1k/mo would want to move to a nicer apartment. Given a much higher demand for nicer apartments, landlords will be able to increase prices and maintain full occupancy. Similarly, cheaper housing could see an increase in price, because people would have the ability to pay and no other option. This extra money flooding the market does not come from an increase in supply or labor, so I don't see anything to keep market forces from doing their thing. I don't really see the upside.

I understand the arguments for UBI IFF automation and AI take away enough jobs to tank the economy. But right now, unemployment is extremely low, and implementing his plan would just effectively lead to inflation.

You can change my view by demonstrating that areas that have seen extensive UNIVERSAL basic income have not seen price increases. Also, I could be convinced by a logical, coherent argument showing that there's a flaw in my reasoning.
gpt
Another benefit of UBI would be to raise wages and perhaps get more people off of welfare to work even if that is counter-intuitive.

For people making near minimum wage the thousand bucks a month would be practically as much as they are making now. If they are content with things they could just stay home. That will force employers to raise wages. You will also see economic growth from the fact that people would have a safety net if they want to find a better job or a job more suited to their talents and passions. Right now any interruption in work could mean eviction. With a UBI you will have people seeking out jobs they are better suited for and that should increase economic growth.

Lastly, some people who rely on the current kinds of government assistance that exist have to prove they are poor enough to "deserve" it. That means if you get a job, even a minimum wage job, you could lose your healthcare/housing assistance/etc. So people will not take a job because the added wages don't offset what they lose. With UBI as your safety net you are always free to try and better your situation, apply for jobs, take on work just to see if it's a good fit, etc. That makes everyone more mobile and should contribute to economic growth.