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California's GDP is $2.75 trillion, or $229 billion monthly. Giving each adult $1k costs $32 billion a month. Assuming none of GDP is attributable to the excl
by JMTQp8lwXL 7y ago
California's GDP is $2.75 trillion, or $229 billion monthly.
Giving each adult $1k costs $32 billion a month.
Assuming none of GDP is attributable to the exclusions, the program seems mostly possible, at a cursory glance. Not fully funded, but reasonably close to fully funded.
The state currently spends $220 billion a year. This program would be a substantial increase to the state's expenditures, more than doubling them.