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> $31,200 * 328,300,000 population of USA = $10,242,960,000,000 To start with, 24% of the population are minors, so that knocks a few trillion off that figure. Secondly, a UBI isn't a living wage, so $15 in today to dollars is not a starting figure, because that is a wage in exchange for work. UBI is meant to cover the very basics, like a food and varying amounts of housing (depending on the local housing market). For some, it operates as a dividend that helps make ends meet on top of their regular work, especially in high cost areas. In low cost areas it could function as a living wage, and even cover a significant portion of housing. |
This merely will keep wages low (what currently is happening) by subsidizing poor pay. Many cities have subsidized housing (and/or rent control). The net effect is these people can 'afford' to live in areas while making lower pay. Without subsidized housing, employers would literally have to pay more or rents would have to go down; there wouldn't be anyone able to sustain the rents.
The big difference is, with subsidized housing, society has created a captive poverty tier.