Universal Basic Income – Poll Results from IGM Economic Experts Panel

Re:Universal Basic Income – Poll Results from IGM Economic E... by sharemywin on Thursday June 30, 2016 @01:56PM (#12010411)

The problem is the math don't add up. To give 13k per adult(242M) you need 3.2T. The total us Budget in 2015 was 3.8T so you need to increase taxes by 81%. If you subtract out all the welfare benefits you(615B(16%)) you still need to raise taxes buy 65%.

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Re:Universal Basic Income – Poll Results from IGM Economic E... by eanzenberg on Thursday June 30, 2016 @04:52PM (#12011583)

This should literally always be the top comment until it's explained how to handle the tremendous cost.

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Re:Universal Basic Income – Poll Results from IGM Economic E... by PCMcGee on Friday July 01, 2016 @04:29AM (#12014607)

Stop paying retail prices for everything. In a market based economy, we need everyone shopping, every week. But, in a resource based economy, we would build things to last longer, and design things that are more efficient. The cost is not the issue, it is the design of the product that is so wasteful. We need waste in this system, it is profitable. I'm sure you"ll ignore me as some quack. Too bad (for you and me), because this is the main problem with our society. Try reading the book "The Best That Money Can't Buy", if you don't understand what I am talking about.

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Re:Universal Basic Income – Poll Results from IGM Economic E... by sharemywin on Thursday June 30, 2016 @02:05PM (#12010481)

or at 4.8T in US retail sales you could have a 80% retail sales tax.

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