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Re:Universal Basic Income Is Not Feasible by asdsa5325 on Thursday April 26, 2018 @07:29PM (#16936963)
Also, UBI is supposed to replace other entitlements, so the cost before tax increases will not be $3 trillion, it will be ($3 trillion - all current entitlements' cost)
Re:Universal Basic Income Is Not Feasible by contravariant on Thursday April 26, 2018 @09:19PM (#16937672)
Well, replacing all of them is probably not realistic, not everyone's problems can be solved with a small steady amount of money after all.
Re:Universal Basic Income Is Not Feasible by hndamien on Thursday April 26, 2018 @08:21PM (#16937354)
Consumer spending would also increase, thereby increasing tax revenue, raising money for said payments.

Edit for the down voters: See velocity of money and savings rates of the poor.

Re:Universal Basic Income Is Not Feasible by prostoalex on Thursday April 26, 2018 @07:36PM (#16937033)
How would it work in terms of replacing Medicare and covering high-ticket medical procedures?
Re:Universal Basic Income Is Not Feasible by AnthonyMouse on Thursday April 26, 2018 @09:38PM (#16937798)
> How would it work in terms of replacing Medicare and covering high-ticket medical procedures?

Medicare is an insurance system. In principle if you gave the average person the equivalent amount of money it should be enough to buy health insurance with.

If that isn't true in practice it's a failure of healthcare/insurance laws rather than the UBI.

Re:Universal Basic Income Is Not Feasible by prostoalex on Thursday April 26, 2018 @09:58PM (#16937891)
> In principle if you gave the average person the equivalent amount of money it should be enough to buy health insurance with.

So the working scenario is UBI followed by health insurance mandate? What happens if the remainder is $0, or worse, healthcare prices (and consequently health insurance prices) outpace UBI growth?

Re:Universal Basic Income Is Not Feasible by AnthonyMouse on Thursday April 26, 2018 @10:10PM (#16937948)
> So the working scenario is UBI followed by health insurance mandate?

Don't we already have a health insurance mandate?

> What happens if the remainder is $0, or worse, healthcare prices (and consequently health insurance prices) outpace UBI growth?

Presumably the same thing that happens if healthcare prices outpace the Medicare budget.

Re:Universal Basic Income Is Not Feasible by asdsa5325 on Tuesday May 01, 2018 @05:30PM (#16971879)
>Don't we already have a health insurance mandate?

Not anymore, Congress voted to remove it

Re:Universal Basic Income Is Not Feasible by maxerickson on Thursday April 26, 2018 @07:40PM (#16937058)
It wouldn't.

Health care is a good litmus test for UBI in the US. There's reasonably broad support for access/universal coverage but no will to pay for it (people in office are probably more opposed to it than voters).