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>A basic income would not be cheap—depending on how the program was structured, it would likely cost at least twelve to thirteen per cent of G.D.P. And, given t
by gozur88 10y ago
>A basic income would not be cheap—depending on how the program was structured, it would likely cost at least twelve to thirteen per cent of G.D.P. And, given the state of American politics, that renders the U.B.I. politically impossible for the time being.
That's the answer, in a nutshell. We don't have UBI because it's expensive and we don't want to pay for it.
- josho 10y agoWhich begs the question how much do we spend now on programs for the poor? I'm surprised that the journalist didn't try to answer the question, as that would have provided the context to know if a minincome program is a small stretch or a massive undertaking.