JamesFire@lemmy.worldtoWorld News@lemmy.world•A Universal Basic Income Is Being Considered by Canada's GovernmentEnglish
74·
1 year agoNo. More people spending money doesn’t cause inflation.
No. More people spending money doesn’t cause inflation.
They’re responding to the “Light Bulb Companies” part, not the “selling quality products” part. That video very clearly (10-15 mins too long) shows that Light Bulb Companies had legitimate reasons for limiting light bulb hours.
While the Phoebus Cartel may have artificially limited the lifespan of lightbulbs, there was a legitimate reason to do so, and it wasn’t just planned obsolescence so you buy more.
https://www.youtube.com/watch?v=kFhKVCaadzE
Governments don’t raise taxes to pay for things.