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$2 trillion is a drop in the bucket. $2 trillion spread out over every man, woman, and child in the United States would equal roughly $5000. If you only paid wo
by spaginal 9y ago
$2 trillion is a drop in the bucket. $2 trillion spread out over every man, woman, and child in the United States would equal roughly $5000. If you only paid working age adults, maybe $10,000 a year. In some areas of the country this is one month of living expenses, in other areas it may be a couple months if living cheap.
You would need to consume almost the entire GDP of this country and pay only a portion of the population to make this even a number worth doing with basic income.
It doesn't work, and the negatives far outweigh the positives economically.
- rayiner 9y ago> $2 trillion spread out over every man, woman, and child in the United States would equal roughly $5000. Children of course wouldn't need to get the same basic income as adults. $2 trillion is enough for every adult (working-age or otherwise) to get $9k/year, plus $2k per kid. > In some areas of the country this is one month of living expenses, in other areas it may be a couple months if living cheap. $9,000 per individual ($20,000 per family) is quite livable in much of the country. You can rent a 2BR house in Macon, GA for $350 per month (close to town!). Under basic income, poor people wouldn't have to live on the outskirts of high-COL areas just to get to their low-paying service jobs downtown. They could move to the vast swathes of this country that are much cheaper. And if they did choose to live near those jobs, the basic income would serve as a supplement, not a total replacement.
- jpindar 9y agoAlso an individual or couple can rent a studio apartment for about $500 in many cities, and of course people can and do share larger apartments.