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Why would UBI reduce Medicare and Medicaid?
by biggc 9y ago
Why would UBI reduce Medicare and Medicaid?
- yellowstuff 9y agoYou would have to pay for UBI by: 1) Cutting spending elsewhere. 2) Raising taxes. (Or collecting more from a growing economy.) 3) Printing money. Probably it would be a combination of all 3, but since UBI can offset entitlement cuts it makes sense to me that that's where the government would find a lot of the money. Raising taxes is unpopular and can be counterproductive if done to the extreme, and printing money is inflationary and also counterproductive unless there are other deflationary forces at work. (Which there are currently, I agree with Ray Dalio that printing money makes sense during a deleveraging spiral https://www.youtube.com/watch?v=PHe0bXAIuk0 https://www.youtube.com/watch?v=PHe0bXAIuk0)
- dredmorbius 9y agoAlso by increased efficiency through reducing the administration costs of means-tested social programmes. I'm not an advocate of replacing all means-based programmes with UBI, but it should see a significant improvement over many such.