The cost of a Universal Basic Income (UBI) is often greatly exaggerated, because people are tempted to think the cost of UBI is the size of the grant multiplied by the size of the population. You can call that the “gross cost” of UBI, but it’s a gross overestimate of the real cost of UBI. It fact, it’s not a cost in any meaningful sense, because for most people the UBI is merely a tax rebate: the government takes money from them in taxes and gives it back as a UBI. It doesn’t cost you anything for the government […]
Full Post at basicincome.org