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Why shouldn't basic income be $36,000?
by glibgil 11y ago
Why shouldn't basic income be $36,000?
- forrestthewoods 11y agoWhy shouldn't basic income be $100,000? Most napkin math proposal for basic income are between $10,000 and $15,000. That's quite hard to make work but it's maaaayyybbeee posssibly achievable. It's at the outer limit of doable but meaningful. In the US 36k per person would account for 66% of GDP. It'd be 85% of GDP in France. These are not viable figures.
- arebop 11y agoIt shouldn't be $100k because that exceeds mean income, and we don't have strong evidence about how much BI improves productivity. I think the reason most proposals are well below the mean is that we prefer a modest effective intervention, and the desired effect is to remove the hardship of poverty, not to achieve perfect income equality.
- DominikR 11y ago10.000$ per person in the US would cost 3.19 trillion dollars per year. 36.000$ would cost the taxpayer 11.484 trillion dollars per year. The US governments actual revenue for 2015 has been 3.249 trillion dollars.
- honksillet 11y agoThe number is arbitrary. The net effect would be the same just differing in degrees... inflation, decrease productivity of the economy as a whole, and downward pressure on the middle class. It would have negligible effect on the problem of inequality with the 1% and above.