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And how much is that? This always comes up and we always hear that it will be enough to live on, but it will not break the budget. Give us some ballpark number
by nelgaard 6y ago
And how much is that?
This always comes up and we always hear that it will be enough to live on, but it will not break the budget.
Give us some ballpark number please.
Danish unemployment benefits are not that low. It depends what you earned before.
But it can be DKK 19300 ($3100)/month.
That is taxable income, so the state get some back. On the other hand people on unemployment benefit also get many other benefits.
So multiplying that with 4.8 mio adult Danes we get 1 trillion DKK. The BNP is 2.3 trillion DKK (most likely a lot less after UBI).
So what would a post UBI budget look like?
You could cut pensions, kindergardens, special support for children, housing support, etc.
But that would not be enough.
There have been some experiments. But they all have very little to with UBI.
They are not even trying. They usually only last a couple of years and the participants are few and poor.
It would be more interesting with with a 20 year experiment that gave UBI to
* Totally randomly selected citizens
* University graduates
* People in low or middle income jobs that are boring. (Dilbert Land)
* Nurses
I think someone is just scared that they would end up giving $3000/months to some investment banker, that use it to slightly expand his wine cellar.