LogFAQs > #943754493

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicHow has it been proposed to pay for UBI?
wolfy42
08/24/20 7:23:37 AM
#3:


1k per adult american is 1000x260 million which is 260 billion dollars per month, which means you would need to do that for the next 16 months to reach 4 trillion.

As far as how to pay for it, honestly there is alot of spending that doesn't need to be done right now, and you still tax the wealthy and people making over 50 k etc. Basically paying for UBI for a year would cost less than the first stimulus package cost.

Long term though, the point is to replace most of the labor force with automated workers, and then incorporate a direct percentage of profits to the population as a whole, as less people are needed to work, you start making individual citizens gain a percentage of over all profits. It might not be enough to live on (at least not very comfortably) but it would suppliment incomes and enable individuals to work less hours per week, and spread the work that needs to be done around more.

Basically if you have half as many jobs, you could have everyone work half as many hours, but still earn enough to live comfortably (because of a UBI system that is set up).

UBI would also make the most sense to be set up for indivuals who make less then X amount already, ie anyone making less then about $4000 a month (or 50k a year). That is about a cut off at $20 an hour. If you make less than then, even if it's only by a bit, you get the UBI (if you work no hours, or if you work 40 hours). This means you would only be giving it to half the population (half of the adult population) or about 130 million americans. That would make is 32 months to reach 4 trillion, and it would be alot easier to pay for as well long term.

---
Tacobot 3000 "Saving the world from not having tacos."
Glowing Elephant "Stonehedge was a sex thing."
... Copied to Clipboard!
Topic List
Page List: 1