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Why he isn't: Suggested income: $12,000 US Population: $327,200,000 Total cost for first year: $3,926,400,000,000 Total government expenditure for US: $3,80

Why he isn't: Suggested income: $12,000 US Population: $327,200,000 Total cost for first year: $3,926,400,000,000 Total government expenditure for US: $3,800,000,000 So we would need to shut down everything the government does to afford his UBI. I personally don't feel like going for free market ICBM solutions is the best way to run an army, but each to their own.

JCharante 7y ago
Aren't there restriction like only for citizens 18+ and under Yang's policy it'd be you either take UBI or other subsidies you qualify for.
- buzzkillington 7y ago
  UBI only works when it isn't universal, basic or income. At that point you have invented a worse welfare state.
paulmd 7y ago
wow, what a strawman you've built there. that US government expenditure is a constantly changing number, when the government wants to buy some ICBMs they don't go cut food stamps correspondingly, they just increase the amount of government expenditure.
dillondoyle 7y ago
The first source I could find puts 2008 crisis programs at 5.7% of GDP (it says output I assume gdp), and New Deal at 40%. [1] Call it 130MM households in the US. Exclude top 5% ~123M. For 6 months stimulus 1k/house = 738B. Doesn't sound like enough really for what we're facing. Less than 2008 stimulus. only ~3.6% of GDP. This interview with Jason Furman has some other good comparisons+context and other back of napkin maths [2] If we're talking permanent UBI lowering or even cutting benefits programs (to be replaced by UBI) could get it somewhat close to budget neutral - if you cut a lot [3]. But IMHO would never be able to cut social security etc enough to make a difference, gross tax revenue would have to be raised somehow - but not by a shocking amount. 1 https://www.stlouisfed.org/on-the-economy/2017/may/which-bigger-2009-recovery-act-fdr-new-deal https://www.stlouisfed.org/on-the-economy/2017/may/which-big... 2 https://www.vox.com/2020/3/13/21177850/coronavirus-covid-19-recession-stock-market-economy-jobs-stimulus https://www.vox.com/2020/3/13/21177850/coronavirus-covid-19-... 3 https://www.cnbc.com/2020/01/14/budget-neutral-universal-basic-income-plan-would-pay-1320-per-month.html https://www.cnbc.com/2020/01/14/budget-neutral-universal-bas...

JCharante 7y ago

Aren't there restriction like only for citizens 18+ and under Yang's policy it'd be you either take UBI or other subsidies you qualify for.

buzzkillington 7y ago
UBI only works when it isn't universal, basic or income. At that point you have invented a worse welfare state.

paulmd 7y ago

wow, what a strawman you've built there. that US government expenditure is a constantly changing number, when the government wants to buy some ICBMs they don't go cut food stamps correspondingly, they just increase the amount of government expenditure.

dillondoyle 7y ago

The first source I could find puts 2008 crisis programs at 5.7% of GDP (it says output I assume gdp), and New Deal at 40%. [1] Call it 130MM households in the US. Exclude top 5% ~123M. For 6 months stimulus 1k/house = 738B. Doesn't sound like enough really for what we're facing. Less than 2008 stimulus. only ~3.6% of GDP. This interview with Jason Furman has some other good comparisons+context and other back of napkin maths [2] If we're talking permanent UBI lowering or even cutting benefits programs (to be replaced by UBI) could get it somewhat close to budget neutral - if you cut a lot [3]. But IMHO would never be able to cut social security etc enough to make a difference, gross tax revenue would have to be raised somehow - but not by a shocking amount. 1 https://www.stlouisfed.org/on-the-economy/2017/may/which-bigger-2009-recovery-act-fdr-new-deal https://www.stlouisfed.org/on-the-economy/2017/may/which-big... 2 https://www.vox.com/2020/3/13/21177850/coronavirus-covid-19-recession-stock-market-economy-jobs-stimulus https://www.vox.com/2020/3/13/21177850/coronavirus-covid-19-... 3 https://www.cnbc.com/2020/01/14/budget-neutral-universal-basic-income-plan-would-pay-1320-per-month.html https://www.cnbc.com/2020/01/14/budget-neutral-universal-bas...