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A Guaranteed Income for Every American

wsj.com

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Re: A Guaranteed Income for Every American

#2
"As of 2014, the annual cost of a UBI would have been about $200 billion cheaper than the current system. By 2020, it would be nearly a trillion dollars cheaper."

Remarkable how much entitlement spending is booked in the near future.

Re: A Guaranteed Income for Every American

#4
"The UBI is to be financed by getting rid of Social Security, Medicare, Medicaid, food stamps, Supplemental Security Income, housing subsidies, welfare for single women and every other kind of welfare and social-services program, as well as agricultural subsidies and corporate welfare."

How the hell does that happen politically?

I would love to see basic income replacing a large portion of social programs in the states but no one seems to be talking about how we get from where we are to where we want to be, realistically.

Re: A Guaranteed Income for Every American

#6

Once again no answer to the main Question: What to do with people that blow their UBI by the 2nd of each month on SAAS Startups? Let them starve? Go without Shelter?

From the article:

> Some people will still behave irresponsibly and be in need before that deposit arrives, but the UBI will radically change the social framework within which they seek help: Everybody will know that everybody else has an income stream. It will be possible to say to the irresponsible what can’t be said now: “We won’t let you starve before you get your next deposit, but it’s time for you to get your act together. Don’t try to tell us you’re helpless, because we know you aren’t.”

Re: A Guaranteed Income for Every American

#9
post #6

Once again no answer to the main Question: What to do with people that blow their UBI by the 2nd of each month on SAAS Startups? Let them starve? Go without Shelter?

From the article: > Some people will still behave irresponsibly and be in need before that deposit arrives, but the UBI will radically change the social framework within which they seek help: Everybody will know that everybody else has an income stream. It will be possible to say to the irresponsible what can’t be said now: “We won’t let you starve before you get your next deposit, but it’s time for you to get your a…

I wonder if this is bad because on the net it will make society less compassionate.

Re: A Guaranteed Income for Every American

#10

Once again no answer to the main Question: What to do with people that blow their UBI by the 2nd of each month on SAAS Startups? Let them starve? Go without Shelter?

Pay out UBI daily? The technology exists, no reason not to do it that way.

Also the only way to make a basic income work is through a land or land value tax. Else you get massive inflation.

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