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With what money? The US population is 327 million. $1,000 * 12 * 327,000,000,000 = $3,924,000,000,000 Collected US tax revenue for 2019 was $3.46 trillion. Ev
by Mirioron 7y ago
With what money? The US population is 327 million.
$1,000 * 12 * 327,000,000,000 = $3,924,000,000,000
Collected US tax revenue for 2019 was $3.46 trillion. Even if you could afford it in terms of money, it still wouldn't change anything, because you still have the same amount of goods available.
- simonh 7y agoThe problem isn't really the amount of goods, we have sufficient resources to meet everyone's basic needs. The problem is liquidity as commerce collapses and pay cheques for many people dwindle or disappear in the short to medium term. UBI would for most people be offset by increases in payroll taxes, so for the majority it would be a small overall change in income, up for some and down for others, dramatically buffering the cost compared to your calculation. Overall I'm a UBI skeptic, I don't see any way it could herald in a utopia of freedom some of it's proponents imagine. That's wishful thinking, but as an emergency measure to help people through a severe crisis like this it might make sense.