News for hackers. Stuff that matters.

A comment on Basic income doesn't emphasize divisions between poor and working people. Parent comment

Re:Basic income doesn't emphasize divisions between poor and... by fweespeech on Monday August 29, 2016 @02:33PM (#12384061)
> A mature BI (one providing an above-poverty-line benefit) is an expensive proposition

That was below-poverty-line benefits as defined by existing law. Its $10k income with a $3k mandatory payment for the equivalent of Medicaid/insurance.

The poverty line at the moment is ~$11k + Medicaid.

https://www.healthcare.gov/glossary/federal-poverty-level-FP...

[ Parent | on HN ]
Re:Basic income doesn't emphasize divisions between poor and... by dragonwriter on Monday August 29, 2016 @02:52PM (#12384226)
> That was below-poverty-line benefits as defined by existing law.

Its way above the poverty line for any household size greater than 1. ($11,880 + $4,140-4,160 per additional member) [0]

[0] https://aspe.hhs.gov/poverty-guidelines

[ Parent | on HN ]
Re:Basic income doesn't emphasize divisions between poor and... by fweespeech on Monday August 29, 2016 @04:56PM (#12385240)
You are ignoring Medicaid which the article plans to cut.

http://kff.org/medicaid/state-indicator/medicaid-spending-pe...

That is ~$6k of benefits per person.

So lets say two adults for $26k with $12k in lost benefits is ~$14k.

The poverty line is $16k.

[ Parent | on HN ]