Why We Need Unconditional Basic Income
Adam Rifkin stashed this in Basic Income
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Top Reddit comment:
Between welfare and social security you have about $6k per person. There's probably at least another $4k in Medicare and other health spending. So yeah, you're probably close to $10k per person (including children) right now.
But to be a reasonable UBI it could really do to be about $12k per person. You could drag that extra $2k out of your military budget if people realised that wars are fought through economics nowadays.
The economist has a handy little infographic that shows how much it would cost to fund. They haven't reappropriated health spending so they'd need an extra 7% of GDP taken in tax. Might I recommend land value tax.
10:54 PM Sep 23 2016