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Let's talk USA. About 320,000,000 citizens (presumably basic income is for everyone). Let's assume $150 a week (it being $15/hr for 1/4 of an optimistic work we
by luck_fenovo 10y ago
Let's talk USA. About 320,000,000 citizens (presumably basic income is for everyone). Let's assume $150 a week (it being $15/hr for 1/4 of an optimistic work week). That gives us 48 billion dollars that have to come from cutting existing spending in your scenario.
Cutting your better toilet gets us about a tenth of a percent to this week's goal!
You're not going to have basic income without raising taxes a huge amount. Current tax revenue per year is about $2 trillion, which covers about 2/3 of the current federal budget. If you decided to cut all that spending and spread it equally among the population would be like 6 grand a year, not nearly enough to live on.
- chinathrow 10y ago> That gives us 48 billion dollars that have to come from cutting existing spending in your scenario. https://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures https://en.wikipedia.org/wiki/List_of_countries_by_military_... US: 596.0B Target easily reachable.
- luck_fenovo 10y ago48 billion dollars. Per week. So, yes, if we decided not to have a military at all, we could meet the basic income requirements for about 3 months.