I'd love to see #ubi in place for all Americans. Like others, I agree that taxing billionaires, companies, reducing military spending, and such would all be good sources. But to my untrained math mind, it still doesn't add up.
Order of magnitude: GDP ~20 trillion $/yr, Population 330 million.
Assume $10 /person / day. (Not enough, I know) But even that modest number would be over a trillion a year.
That's 5% of GDP to buy everyone a nice sandwich a day.
@pseudonym To be fair #UBI is a nice concept but it’s just a mechanism to avoid capitalism collapsing on itself. It doesn’t address the root causes of poverty.
If the government just printed money (and it could) to build houses for people until every family owned one with no mortgage all the calculations would seem different. But rest assured that the powers in place will get you fascism before that.
I don’t know….that doesn’t sound half bad to me! Obviously 5% of GDP is a lot, but it doesn’t seem totally infeasible.
And a sandwich a day might not sound like a lot but $300 per month isn’t nothing, and that calculation included the whole population, including kids. So, if a family of 5 is getting $1500 per month, it seems like a useful chunk of money.
And the #ubi is on top of whatever people make working, no strings attached.
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