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by jfindley
2233 days ago
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This sort of thing gets mentioned a lot, but in practice doesn't work. The amount of money spent on welfare benefits[0], plus the cost of the administration, ends up several orders of magnitude less money than UBI wage x Population size. This is the key problem with UBI: making it actually universal costs an unsustainably huge sum of money, and making it not universal just means you've re-invented welfare benefits, but worse. 0: Doesn't really matter which country you choose the results will be the same |
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For example in the UK housing benefits would be greatly dependent on where you live in some London councils housing benefits can be as high as £400 per week, this alone is more than the highest proposed UBI allowances that aim to match the tax free allowance (currently at £12.5K).
UBI with removal of all other benefits could easily mean that the people that need it the most would be getting less and sometimes much less.