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.
  • @PeleSpirit@lemmy.worldEnglish
    6•9 months ago

    You would have to start at the most vulnerable. Then eventually, you would have to target the adults who make 70k or less which is about 70% of the adult population. Then, taper it down up to 100k. This would be app. 2 trillion. I think what a lot of people are missing is, we may not have a choice to not have some kind of UBI with robots taking over quite a few jobs in the next 50 years. We have to get corporations and billionaires to pay more taxes as well. The bottom 80% are paying most of the taxes. Don’t forget that trump paid $0-$700 in taxes for quite a few years and I’m sure that’s more common than not.

    The benefits of UBI would be:

    • More people living in rural areas because they don’t have to go to the city to get jobs. They could work in a grocery store and live a decent life.
    • Have the opportunity to develop new businesses.
    • More people going to school because they could afford it.
    • More money being spent and more taxes received from that.

    Right now, our money is being funneled up to the rich shareholders of these huge companies instead of going to Americans who aren’t even getting by.

    • @Peaty@sh.itjust.worksEnglish
      -5•9 months ago

      It’s over 3.5 trillion if given to everyone.

      Source on the bottom 80% paying most of the taxes please?

      Don’t forget redirecting over half the budget to fund a UBI significantly alters the US economy.