| Couple things: Most UBI proposals don't cover a living wage. They're usually something like $10k/year for all adults, which would come out to $2.5 trillion. Most proposals both cut benefits and raise taxes, so this is very doable. Second, your example is kind of a socialism strawman, but let's take it to its logical conclusion. The current total income of the US is about $16.4 trillion (after Social Security, etc.). If we were to redistribute that across everyone in the US, that's close to $50k/yr. Considering that the average wage for men is $33k/yr and the average income for women is $19k/yr, that's a huge raise, 52% and 163% respectively. But that's giving everyone $50k/yr -- from toddlers to the mega rich. If we just include adults, it's closer to $66k/yr. That's a 200% raise for men and 247% raise for women. Of course, if you have an above average income you're losing money. And there are real questions about what such an egalitarian society and economy looks like. But you would eradicate poverty in the US and solve countless social problems. Fundamentally, UBI policies are about _redistribution_ of wealth, not additional expenditures as you suggest. Any serious UBI policy proposal takes into account budget and administrative overhead. For example, this [1] proposal from AEI, a conservative think tank. [1]: https://www.aei.org/publication/a-budget-neutral-universal-b... |