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Are you asking how it happened in Finland, or how it would happen in a theoretical future world? Start my taxing the rich. Also consider the money saved from r
by raziel2p 6y ago
Are you asking how it happened in Finland, or how it would happen in a theoretical future world?
Start my taxing the rich. Also consider the money saved from reduced bureaucracy around unemployment benefits.
The money spent on corporate bailouts the past few months would probably be enough to provide UBI for quite a long time.
- NovemberWhiskey 6y ago> Start my [sic] taxing the rich. I don't think it's clear that this is anywhere near enough. Say you want to pay $1,200 per month to all Americans over 18. There're about 210mm of them. That's just over $3tn per year. In 2017, the latest year with detailed data, Americans paid about $1.6tn in Federal income taxes. So the scale of the spending we're talking about is "imagine income taxes increased to about 300% of the current amount". Of course, it's more nuanced than that, because the theory is you make some savings on other programs and fund from sources other than just income tax - but it still gives a sense of the scale.