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Would 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.
by cptroot 8mo ago
Would 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 8mo 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 8mo agoFrom cancelling pointless military projects?
- WalterBright 8mo agoThe entire defense budget is $874b. As I remarked, the UBI math doesn't work.
- jack_h 8mo 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 8mo 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.