2 ms·
This article doesn't quite address what I was talking about, but it has a rather detailed case against UBI: https://jacobinmag.com/2017/12/universal-basic-incom
by tehjoker 7y ago
This article doesn't quite address what I was talking about, but it has a rather detailed case against UBI: https://jacobinmag.com/2017/12/universal-basic-income-inequality-work https://jacobinmag.com/2017/12/universal-basic-income-inequa...
In particular, it discusses what happens at different levels of UBI, with lower affordable levels creating more precarious workers with higher levels being completely unaffordable.
Yang's $1000 a mo. for all 18+ adults would cost about about:
(~200M 18+ adults) * (12k $/yr) / (19T GDP) = ~12% GDP
I would take serious issue with Yang's 18+ requirement as families with children need more money, not less! It also doesn't help you at all if your landlord raises the rent by $1000. They would argue this is fair, because they know you can pay it.
- jhanschoo 7y agoThanks!