Universal basic income — a monthly payment to everyone sufficient to meet basic needs — could end poverty overnight. But the question remains: can we do it? Implementation is straightforward: an account at the Federal Reserve for every American based on existing Social Security information would make it simple to deposit payments for all, among other benefits discussed here . But a monthly UBI of $1000 for adults and $500 for children, which would bring almost all Americans above the federal poverty line, has a $3.4 trillion annual price tag — how do we pay for it?
When we ask, […]
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