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by dcherman
3364 days ago
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UBI does not work mathematically. I posted this a while back, so I'm just copying and pasting from an older response: Simple back of the napkin math is that based on the 2013 census, we have 242,470,820 adults living in the US. If we pay each of them $12,000 per year, that's $2,909,649,840,000 in additional mandatory spending every single year. That's more than Medicare and Social security combined, and that has no cost of living adjustments built in. The basic math shows that this idea is simply unrealistic as far as I can tell. UBI in the amount that could be considered a basic living income is infeasible with the current state of the world even if you were to double the tax rates as I would imagine most people in the US can't live on 12K and still be able to have the day to day basics required for living. |
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