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From that perspective, only high income earners are actually slightly worse off by the ubi/vat, which is the opposite of regressive.I admit I not an economist (for what it worth, Yang did get a bachelor degree in economics from Brown prior to his law degree from Columbia), but it makes sense to me intuitively.Final possibility that I see regarding your landlords eating it comment: if people have a greater ability to pay, then all landlords will simply raise rents by $1,000/mo.A. I think part of the power that landlords have in expensive economic metropolises like Los Angeles or New York have is that people MUST live there, because that where the jobs are, and thus people are forced to live in an expensive place to (paradoxically) pay for their expensive rent. I think a Ubi would be incredibly liberating to people to move to lower cost areas, bringing their cost of living down and bringing more spending to smaller towns and cities, which in turn creates more jobs in those areas.B.

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