3 ms·
False. You'd need 4 trillion dollars a year to give 12k to everyone in the US. That would mean doubling US federal expenditures. And some people would stop work
by Jeff_Brown 5y ago
False. You'd need 4 trillion dollars a year to give 12k to everyone in the US. That would mean doubling US federal expenditures. And some people would stop working, hence stop paying income tax. Some businesses would leave the country.
I do expect someday it will be feasible though. Maybe in my lifetime.
- dymk 5y agoMaybe we lower the US military spending budget to "only" be 10% higher than the next highest spender. That should free up some cash. Gotta start somewhere :)
- cuteboy19 5y agoEmphasis on the 'some' in some cash. As bloated as the US military is, it 'only' has a budget of $700B and a good portion of this is veterns welfare programs. This should put into perspective how ludicrously expensive UBI truly is