UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
What can be reduced or removed with the introduction of UBI that offsets those costs? The need for a significant number of programs would be reduced or eliminated entirely with this type of support.
That in mind, one needs to be sure they don’t give people less under the guise of giving them more, as is usually the case.
A negative lowest tax bracket would be more affordable, since that plus unemployment would only at most make up about 50million or .6 trillion a year.
The main problem with cuting services like housing assistance or food stamps would be that thouse can be more than just a 1000 a month in many places and the government can do things to help with thouse at scale than an individual looking for a apartment can’t.
You could eliminate SSI/Disability payments, but that’s a drop in the bucket. Maybe a tweak to child tax credits since you’d be coming out ahead for most. Then an income limit as well.
Not sure of the math behind OPs numbers so could likely expand on it
Social Security would require a higher amount than 1k a month, lots of social security recipients get more than that. You’d be looking at a tiered system, which eliminates the U in it.
Medicare and Medicaid yes, but you’d be supplementing with higher taxes (a net positive more likely anyways since the higher taxes would likely be lower than the cost of private insurance)
What can be reduced or removed with the introduction of UBI that offsets those costs? The need for a significant number of programs would be reduced or eliminated entirely with this type of support.
That in mind, one needs to be sure they don’t give people less under the guise of giving them more, as is usually the case.
A negative lowest tax bracket would be more affordable, since that plus unemployment would only at most make up about 50million or .6 trillion a year.
The main problem with cuting services like housing assistance or food stamps would be that thouse can be more than just a 1000 a month in many places and the government can do things to help with thouse at scale than an individual looking for a apartment can’t.
You could eliminate SSI/Disability payments, but that’s a drop in the bucket. Maybe a tweak to child tax credits since you’d be coming out ahead for most. Then an income limit as well.
Not sure of the math behind OPs numbers so could likely expand on it
If we implemented socialized healthcare and UBI, could we eliminate social security, medicare, medicaid?
Social Security would require a higher amount than 1k a month, lots of social security recipients get more than that. You’d be looking at a tiered system, which eliminates the U in it.
Medicare and Medicaid yes, but you’d be supplementing with higher taxes (a net positive more likely anyways since the higher taxes would likely be lower than the cost of private insurance)
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