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Topic	Why a Universal Basic Income would be a calamity
Questionmarktarius 08/14/17 2:56:52 PM #12:	Balrog0 posted... Efforts by the Saudi government to diversify the economy have been hamstrung by the difficulty of getting Saudis to trade in their free income willingly for paid labor. This implies conditions or means-testing, which means it's not "universal" at all. The reason UBI is a non-starter in the US, is because writing every adult (approximately 250 million) a check for $12060 (individual FPL) would cost a little over $3 trillion, or essentially 75+% of the current budget. <cite>Questionmarktarius posted [p:884764206] in Why a Univ... [t:75670260]...</cite> <quote><cite>Balrog0 posted...</cite> <quote>Efforts by the Saudi government to diversify the economy have been hamstrung by the difficulty of getting Saudis to trade in their free income willingly for paid labor. </quote> This implies conditions or means-testing, which means it's not "universal" at all. The reason UBI is a non-starter in the US, is because writing every adult (approximately 250 million) a check for $12060 (individual FPL) would cost a little over $3 trillion, or essentially 75+% of the current budget.</quote> ... Copied to Clipboard!
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