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I haven't seen this anywhere , but don't we already have UBI for a large number of people in the US? We call it social security, but it's just cash payments to

I haven't seen this anywhere , but don't we already have UBI for a large number of people in the US? We call it social security, but it's just cash payments to people . That program is constantly talked about being shrunk, not expanded. What about an expanded UBI would be different than social security? Just the fact that people are younger or not-disabled? For the non Americans, social security provides cash payments to those over 65 and those with long term disabilities.

ZoeZoeBee 10y ago
Social Security is funded by the money workers pay as a portion of their income over the lifetime of their employment. The elderly on Social Security paid into this system. Unfortunately many have ended up paying in less than they have received over the course of their retirement due to people living longer than the actuarial tables had accounted for. Over the course of SS 80 year history it has taken in $19.0 trillion in taxes and paid out $16.1 trillion. At the moment Social Security takes in more than it pays out, but that changes in two years when it will start running a combined deficit, it has roughly 18 years until the combined funds are depleted, *A rosey prediction as this is relying on data which includes a Labor Force Participation not dropping much more than it is now, which is tough as we're already more than a decade a head of where we should be if only Demographics were considered, and economic growth more than we've averaged since the Recession. UBI is the exact opposite of Social Security https://www.ssa.gov/oact/trsum/ https://www.ssa.gov/oact/trsum/ If we assume automation results in more job-losses where does the money come to pay for it?