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UBI won't help because in reality, it will not look like what it's proponents think it will. It is naive to assume that the Congress will pass anything near as
by twblalock 10y ago
UBI won't help because in reality, it will not look like what it's proponents think it will.
It is naive to assume that the Congress will pass anything near as simple and elegant as the UBI proposals put forward by advocates. It won't replace many parts of our current welfare system, but will be an additional cost on top of them. It's also naive to expect that everyone will receive the same amount under UBI, which would make it neither universal nor basic. UBI proponents really ought to read this: http://marginalrevolution.com/marginalrevolution/2013/11/what-are-some-of-the-biggest-problems-with-a-guaranteed-annual-income.html http://marginalrevolution.com/marginalrevolution/2013/11/wha...
It's also a fact that under every realistic* version of UBI ever proposed, the poorest people in the US would receive less money from the government than they do now, while people who do not need money from the government would start to receive it. It is therefore a regressive policy.
* by realistic, I mean "does not have an annual cost greater than the entire US government revenue."