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342,000,000 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?
by WalterBright 9mo ago
342,000,000 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.