4 ms·

>UBI Ok, how do you fund it?

• ralusek 6y ago
  Get rid of all other social safety nets. No social security, no affordable housing, welfare, food stamps, etc. Enormous amount of bureaucratic overhead removed from that. Everyone just gets a flat rate every pay period, virtually no bureaucracy or perverse incentives involved. Any dollar you earn in the market is purely in addition to what you receive from UBI. Wealth transfer/inequality is handled on the tax side.
  • mixedCase 6y ago
    That's not enough to fund it, if this link's budgetary data is to be believed https://www.thirdway.org/memo/five-problems-with-universal-basic-income https://www.thirdway.org/memo/five-problems-with-universal-b... (scroll down to the graphic under the section "UBI is incredibly expensive"). You'd also need to cut down medical care programs.