Well the current reality isn’t feasible, but we’re doing it anyway.
No one really knows wether UBI will be a succes or a failure. But then no one knows wether any policy will be a success or a failure, and there will always be supporters and fetractors on either side.
Ultimately though, all that really matters is that government takes action that it believes will make society better. That’s it’s purpose. And if government believes UBI would be a net good, it should do it.
How is the current reality not feasible? It seems rather successful or at least sustainable in hundreds of cultures.
Economically, the current system has flaws but is self-sustaining. UBI at even low levels like $10k isn’t possible unless you somehow double tax revenue. For example 330M in the US = 3.3T. In 2017, the total revenues were 3.4T [1]. So just for basic levels, revenue would have to increase and that would really hose the economy and you would be able to raise 6.7T for very long.
Comments
Well the current reality isn’t feasible, but we’re doing it anyway.
No one really knows wether UBI will be a succes or a failure. But then no one knows wether any policy will be a success or a failure, and there will always be supporters and fetractors on either side.
Ultimately though, all that really matters is that government takes action that it believes will make society better. That’s it’s purpose. And if government believes UBI would be a net good, it should do it.
How is the current reality not feasible? It seems rather successful or at least sustainable in hundreds of cultures.
Economically, the current system has flaws but is self-sustaining. UBI at even low levels like $10k isn’t possible unless you somehow double tax revenue. For example 330M in the US = 3.3T. In 2017, the total revenues were 3.4T [1]. So just for basic levels, revenue would have to increase and that would really hose the economy and you would be able to raise 6.7T for very long.
[1] https://www.thebalance.com/u-s-federal-budget-breakdown-3305...