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In the USA, it is entirely possible to institute a reasonable UBI, on the order of $10k/adult with some fractional amount for their dependents. The question is
by scarmig 10y ago
In the USA, it is entirely possible to institute a reasonable UBI, on the order of $10k/adult with some fractional amount for their dependents.
The question is politics: it'd also require scrapping most of our current welfare programs and instituting Scandinavian levels of taxation. This ends up goring {Republican,Democratic} {donors,clientele demographics}, so I agree that's presently an impossible lift in the USA, but that's a matter of politics, not economics.
I'm with you on fixing our broken healthcare and educational systems, but if you think that's any more practicable than a UBI, I've got a free government subsidy to sell you.
- atemerev 10y agoYou either get Scandinavian welfare and taxation, or (very modest) UBI without any welfare, but still Scandinavian taxation. Will $10000/year cover any medical expenses? It is barely enough for food. Also, taxes in Scandinavia (I lived in Denmark) are not that high. True, there is 50% tax, but no other hidden payments like social security or medical insurance. And medicine and education are free. I'd rather run business with 50% tax and no bureaucracy and no social security payments than pay all this. One of the most expensive and problematic countries to run businesses is France. Scandinavia is piece of cake compared to France.