3 ms·
> But for UBI, decades of experiments and data-driven validation seem to be required. Because it costs so much, and is so radically different. > when used as
by peteretep 6y ago
> But for UBI, decades of experiments and data-driven validation seem to be required.
Because it costs so much, and is so radically different.
> when used as a replacement for welfare and other subsidies at comparable cost, it is pretty mild
Buzzocks. UK over 18 population is ~52m. Give them each £1,000 a month, and you get a cost of £624,000,000,000, which is 3 times what the UK currently spends on "welfare"[0], and is about 3/4 of the overall UK budget. And you're cutting the payments of a sizeable number of current welfare receipients.
Sure you can find more recent figures, or play around with how much you claim you're going to give, but let's not entertain the fantasy that this is a "mild comparative cost".
[0] https://fullfact.org/economy/welfare-budget/ https://fullfact.org/economy/welfare-budget/