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30 million adults in California x $1,000 x 12 months = $360 billion / year. 20% of adults are on Medicaid though, so if they're excluded it's $288 billion / ye
by JauntTrooper 7y ago
30 million adults in California x $1,000 x 12 months = $360 billion / year.
20% of adults are on Medicaid though, so if they're excluded it's $288 billion / year.
California's total current budget is around $210 billion. So taxes would more than double.
On average each adult's taxes would go up by the amount of the UBI. The specifics of who would bear more of a tax burden would depend on how it's taxed. Under this plan, taxing consumption and excluding Medicaid recipients would mean the tax burden would fall disproportionately on low income households.
- speedplane 7y ago> 30 million adults in California x $1,000 x 12 months = $360 billion / year. 20% of adults are on Medicaid though, so if they're excluded it's $288 billion / year. This is the real fear that progressives have about UBI... that it's a replacement for government services. Converting government healthcare into an equivalent check will effectively take away healthcare from millions of people.