It will probably be necessary. If you put the UBI at the poverty line, feature a phase out for those at the top 20% of income, and consolidate SS and existent welfare programs, then factor in tax claw backs, the cost of UBI is reduced considerably:
Government Spending Details in $ billion: Federal State Local for 2017 – Charts
250,000,000 adults Each receiving $12,060 for a total of $3,015,000,000,000 Assume a linear phase out from the top 20% of income to the top 5% where there is no benefit (if you’re making this much money, […]
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