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The way to improve the world is to have a global minimum income. Give every person on Earth $5-10k per year, no strings attached. If you are living and breathin
by a3voices 13y ago
The way to improve the world is to have a global minimum income. Give every person on Earth $5-10k per year, no strings attached. If you are living and breathing, you get the money.
- the_economist 13y agoThe per capita GDP of planet earth is around $12,400, so this is theoretically possible. You might want to look at how well socialism has worked out in the past before getting serious about such an idea, though.
- mempko 13y agothat is a trick question. Socialism hasn't happened to a wide scale in the past.
- ianburrell 13y agoYou wouldn't need to have minimum income that large to make a big difference. The international poverty line is $1.25/day. A minimum income of $500/yr would make a big difference to absolute poverty. More importantly, it would be affordable ($3.5 trillion or 4% of world GDP) while your proposal would be huge burden. It would have little effect on the relative poverty in developed nations. But there are a surprising numbers of people in the US ((1.65 million households) in extreme poverty (defined as $2/day) that would be helped by a low minimum income.
- a3voices 13y agoThat's a pretty good point. Even $500 per year would be an enormous help.
- humannature 13y agowhat would that solve? ever hear of inflation?