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| Topic | "I do not support a livable wage" |
| Smarkil 08/31/17 5:15:40 PM #54: | adjl posted... Most models for it actually save money over the current welfare system, given that being simpler (usually modeled as a sort of reverse income tax) dramatically reduces administrative costs. Let's do a little math. The numbers aren't going to be exactly right because I have to cobble them together from different sources, but this is just a rough idea anyway. 63% of the US population is between 18-65. So the population of working age individuals is approximately 194 million people. Approximately 40% of Americans make less than 20k, so the number of working Americans making less than 20k is 77.5 million. Let's say, for the sake of argument, we give about 1500 dollars to each person as a UBI who's making less than 20k per year. 1500 a month is a number that's been touted around, so let's just use that. So 77,500,000 x 1500 = 116,280,000,000. 120 billion dollars spent every month to support people under the poverty line. That's roughly 1.5 trillion dollars spent every year in order to support a UBI for that 40% of the population. The US budget is roughly 3.8 trillion per year. So close to a half of the budget would just go straight into universal basic income. Does that sound feasible? --- If my daughter was in it, Id have to be the co-star - Deoxxys on porn ... Copied to Clipboard! |
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