The basic premise of UBI is that it replaces all the existing social spending with a single payment that goes to each citizen. With no means-testing, age limits, or deductibles. Thus .. "Universal"
If you take what the US currently spends on all the social programs (social security, Medicaid, Medicare, and other programs) then divide it by the population, you get:
2022 Federal social program spending [0]: $4.431tn 2022 US Population [1]: 333mn Resulting UBI: $13,195 for the year.[0] https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/#causes-and-surpluses [1] https://www.census.gov/newsroom/press-releases/2022/2022-population-estimates.html [2] https://apps.irs.gov/app/vita/content/globalmedia/teacher/Filing_req_threshhold_aca_4012.pdf Well, if everyone gets a UBI that allows them all the basics, who would want […]
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