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> They do not give answers because it is very clear with a simple calculation that this is unaffordable in addition to serving no purpose. > Giving $1000 a mon
by ardy42 7y ago
> They do not give answers because it is very clear with a simple calculation that this is unaffordable in addition to serving no purpose.
> Giving $1000 a month to 210 million people costs $210 billion a month, $2.5 trillion a year.
> I believe that the annual federal tax revenue is about $3.4 trillion.
If you're going to implement a UBI program (or any kind of large-scale social democratic benefits program), taxes will be increased to pay for it.
- mytailorisrich 7y ago"just increase taxes" does not work in the real world (especially here it would be close to doubling taxes) and still does not answer why you would want to hand money to everyone across the board. It also sounds a little circular: Increase people's taxes so that you can use the income to give money back to them.
- ardy42 7y ago> It also sounds a little circular: Increase people's taxes so that you can use the income to give money back to them. Progressive taxation doesn't work that way. The whole idea is that some would pay in more than they take out; in some cases, far more.