3 ms·
The math doesn't work out for UBI.
by WalterBright 9mo ago
The math doesn't work out for UBI.
- joquarky 9mo agoUBI will become at least as complicated as federal taxes. Perverse incentives will creep in.
- WalterBright 9mo agoPaying people to not work will never work.
- stonogo 9mo agoIt's working in the farm bills for a hundred years.
- WalterBright 9mo agoPaying people to not work accomplishes what?
- stonogo 9mo agoNo idea, you'd have to ask the farmers
- cptroot 9mo agoWould you like to elaborate why the math doesn't work out? An article explaining your position would be nice, but I'd settle for some broad gestures.
- WalterBright 9mo ago342,000,000 people in the US. Multiply by $10,000/yr. Cost of UBI: 3,420,000,000,000 Where is $3.5 trillion going to come from?
- izacus 9mo agoFrom cancelling pointless military projects?
- WalterBright 9mo agoThe entire defense budget is $874b. As I remarked, the UBI math doesn't work.
- jack_h 9mo agoUBI would be pure deficit spending which would basically double it. Our interest is already the #2 federal outlay at $1 trillion (defense is #5 last I heard) and we're already in fiscal dominance. So the end result is UBI would trigger much higher inflation which would make those UBI checks worthless.
- boh144 9mo agoFrom corporate profits, which should be rising from labor cost cutting? Ultimately if the pie is growing and accruing to a few organizations, then either we create new wealth transfer mechanisms (progressive tax codes being one such previous example) or become a feudal society, which will probably stagnate.