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TopicBasic Income: A Radical Proposal for a Free Society and a Sane Economy
agoodperson
04/16/17 6:01:02 PM
#23:


Manocheese posted...
meingott posted...
Example: if everyone in Detroit was given $1200 a month in cash

I'm convinced that everyone who thinks universal basic income is a good idea is numerically illiterate.

$1200/month/person * 12 months/year = $14400/year/person
$14400/year/person * 319 million people = $4.6 trillion

The federal budget is about $3.8 trillion. So, again: Where will the money come from?

money is fake so we can just pretend $120 is as valuable as $1200, now we're just spending what 460 billion?
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