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Universal basic income would cost the US up to $3.8 trillion per year — Bridgewater estimate


The cost is greatly reduced if it replaces existing welfare spending.

By doug6352
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With the money being spent on sustaining poverty and homelessness I could employ train in the res. trades and give a free house to everyone in need.

Anonbene Level 8 July 12, 2018

Not exactly. There are some odd assumptions in that, and it ignores the offset benefits we would get from innovation, research, and small busi was starts that otherwise cannot exist.

Moreover UBI makes most sense in conjunction with eliminating several other programs that would be rendered redundant by UBI plus eliminating corporate welfare...that last being a really fuzzy number. [prospect.org]

Unfoldingchaos Level 5 July 12, 2018

I would guess there would no longer be a need for most public assistance programs if we had UBI.

Hermit Level 7 July 12, 2018
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