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

[cnbc.com]

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

By doug6352
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6 comments

0

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 7 July 12, 2018
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1

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
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3

While it sounds great on paper, it has still yet to actually be tested. The Finland test, admittedly very flawed, was also considered a great failure, even by those who were promulgating the idea of UBI. Unfortunately, it's the kind of experiment that could potentially destabilize an entire country if it all goes wrong. And, it doesn't solve the problem of purpose. Humans need both purpose and adversity in order to thrive, grow, and strengthen themselves.

Humanistheathen Level 7 July 12, 2018
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0

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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7

It would probably go down even more if corporate welfare were eliminated.

ronin73 Level 7 July 12, 2018
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