• humanspiral@lemmy.ca
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    14 hours ago

    The politics are easy, except that it needs a political champion who promises and delivers the redistribution of power that is UBI.

    A UBI of $12000/year ($1000/month) for just all working-age people in the US (a bit over 200 million) would cost the government $2.4 TRILLION, yearly.

    Technically UBI saves government money. That $2.4T is just transfers from net tax payers to net receivers. But because programs can be cut at that UBI level, It costs somewhere around $1200B (all government levels) less to provide $2.4T. Once you look at military budget as something that could increase your own cash, even more.

    A fair tax system that eliminates payroll taxes and pays for universal healthcare can be 33%. Or 25% for first $100k income, and surtaxes at higher income levels.

    https://www.naturalfinance.net/2019/06/andrew-yang-and-democrat-tax-proposals.html