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The GDP is something like $14 trillion. We're talking about 60% of the GDP being redistributed. That will work really well... especially when the GDP drops by
by ConceptJunkie 11y ago
The GDP is something like $14 trillion. We're talking about 60% of the GDP being redistributed. That will work really well... especially when the GDP drops by about a third, which will surely happen.
- dllthomas 11y ago"We're talking about 60% of the GDP being redistributed." When assessing the amount being redistributed, much of what's paid in UBI should be netted against what's collected to pay the UBI. That is, if I am receiving $27k/yr in UBI, but paying $30k/yr in increased taxes toward the UBI, really only $3k/yr is being "redistributed" from me. This is still going to be a substantial sum, but quite a bit less than "people * UBI amount". Please don't take this as my asserting that I think $27k/yr would be sustainable in the US - for the record, I don't.