Earlier quoted context omitted.
The GDP per capita in the US is over $60000USD. 20% of that is a rather large chunk to directly redistribute to the workers, but is it an impossible amount? The effects of UBI on how we live our lives would probably be quite enormous and it's (to me, as a comp sci person) difficult to ascertain what its effects would be.
Yes, that’s enormous and you’re forgetting that a huge chunk of that already is income. You mentioned GDP in an effort to downplay the the enormity of the size. That’s every transaction for a good or service. That means to pay for this, not only would there be an extra 20% on income tax for everyone, but there would be a 20% federal sales tax on everything (including homes, surgeries, tuition, etc). “Redistribute fro…
No, actually I mentioned it because I thought you skipped out on the fact that money isn't a static amount which we drain out with UBI in this quote:
>To put that in context, the top 1% have an aggregate wealth in the US of about 34 trillion. So we could take all of the net worth from doctors, lawyers, business owners, CEOs, FAANG employees, etc and pay for this for about 10 years.
So I wanted to have a different measurement which took how much we produce into account.
But thanks for assuming I'm arguing in bad faith, lol.