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by Androsynth
5136 days ago
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Who is going to pay for that? The broke US government? If 1/3 of the US pop was given $25k/year, it would amount to 1/4 of our GDP. Until we have ubiquitous power sources, food replicators, cheap teleportation, solved all health problems and sturdy insta-houses, its just a pipe-dream. The social implications would be even worse. You would have about 10% of society supporting about 50% of society, which would easily create the biggest class divide the US has ever seen. The bottom would ask for more, the top would own the government (because government that size would be corrupt to the core, theres no way it wouldnt). It would ultimately lead back to a feudalistic society. |
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At the time, at least, he argued that it could almost entirely be paid for just by rolling all our current welfare programs into it: instead of this patchwork of welfare, food stamps, section 8 housing assistance, etc., just have one refundable tax credit, thereby massively reducing both the bureaucracy and the market distortions while still providing a social safety net.