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Supply and demand. Prices would likely go up, and you're right to point out that a chunk of it would go to landlords - but unless there is collusion, these landlords are competing with each other to find the fair price in the market.

UBI is generally trickle-up economics, and I think that's a good thing. That extra money is most important to the least wealthy people, and they will naturally spend it in their communities.



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