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by recondite 3270 days ago
I'm all for some implementation of UBI, or more broadly, less inequality in society, but the numbers just don't add up to support it (yet).

Even if you took all of the US Federal transfer programs (Social Security, Medicare, etc...) AND taxed the top 1% at a 90+% rate, you'd still fall short of the amount needed to distribute a basic income to reach the minimum poverty level for the masses.

1 comments

Does it need to reach that level for it to be worth doing?
Yes, otherwise targeted programs are cheaper and can be comparatively effective if administered well.