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by yummyfajitas 4465 days ago
10k/year for 50m is 500b. Throw in 100% overhead and targeted welfare providing equivalent benefits is still half the price of BI.

Note that the current level of welfare is $20k/person so you are advocating a massive reduction of consumption for the welfare class. (I don't object, just pointing it out.)
1 comments
stormbrew 4465 days ago
It didn't say people on welfare get $20k/person. They don't get anywhere near that. That's how much the government spends to administrate giving them welfare (including managing means testing to prevent people from abusing it) as well as the welfare itself.

I'm pretty sure US welfare is somewhere around $500-900/mo, and if you get a job (thus, work towards becoming a 'productive member of society') you may lose it.

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yummyfajitas 4465 days ago
People on welfare (including section 8, food stamps, etc) do in fact get $20k/person.

http://johnhcochrane.blogspot.co.uk/2012/11/taxes-and-cliffs...

Consumption data agrees.

ftp://ftp.bls.gov/pub/special.requests/ce/standard/2009/income.txt

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