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Topic$1,000 per month cash handout would grow the U.S. economy by $2.5 trillion
Scorsese2002
09/02/17 11:15:21 AM
#2:


Even as the idea of universal basic income is being studied by and discussed among the tech elite, the idea is a non-starter in the United States, according to some.

Robert Greenstein, the founder and president of the D.C.-based think tank Center on Budget and Policy Priorities, called the notion too idealistic. "An effort to secure UBI would prove quixotic," he wrote in 2016. Greenstein says universal basic income is both too expensive and impossible to get through Washington, D.C.

Greenstein offered one innovative alternative: "To be sure, there is a possible exception: a carbon tax that returns its proceeds to the public via a universal payment." But even that, he says, is more theoretical than realistic because he suggests that money reaped from a carbon tax would be better used to study alternative energy or to support those at the very bottom of the economy.

"If a carbon tax could pass, we might need to focus the proceeds available for these payments on low- and moderate-income families — so the payments would be adequate to offset the higher energy costs these families would face as a result of the tax — rather than extending the payments all the way up the income scale in universal fashion," Greenstein says.

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