I’ve written about this before, about how the cost of universal basic income is its net cost, not its gross cost , but because this question of the cost of UBI is so frequently raised, and so frequently misunderstood, I’m going to attempt to explain this in an alternative way in the hopes people might come to understand it at a deeper level, and therefore be less likely to fall for misinformation. Claim
The cost of universal basic income (C) is the dollar amount of the UBI (D) multiplied by the number of people receiving it (N). Equation
C […]
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