- 321,512 hits
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
Blogs I Follow
How would we pay for these Utopian schemes? Here is one possibility: What if we just eliminated all military spending and Social Security, Medicare, and Medicaid entitlements and used those monies to finance a UBI for the USA? Let’s do the math: $2.4 trillion (see chart below) divided by 327 million (the current population of the USA) would come to about $7,333.00 per year for every man, woman, and child in the U.S. So, assuming we had the political will to eliminate all social entitlements and military spending (which, alas, we don’t), the deeper problem with UBI is this: is $7,333.00 per person per year too little, or too much?