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I think we do need an entirely new paradigm for society and work given automation. However, can UBI be economic? If we pay all 300 million in the USA 15k a yea
by arcanus 10y ago
I think we do need an entirely new paradigm for society and work given automation.
However, can UBI be economic? If we pay all 300 million in the USA 15k a year, that's 4.5 trillion a year. The annual GDP is about 17 trillion, so that's about 20 percent of the economy, or the entirety of the Federal budget right off the bat.
- deleted 10y ago[deleted]
- tluyben2 10y agoThe current ideas I heard are based on the assumption that most work has been replaced by machines/robots/far less people; that means that the money those robots make now replaces the actual humans that made it before. The largest issue is that the owners of those robots (big companies) use tax havens and/or keep most money in the hand of a few of their wealthy owners.