Re:Sam Altman and Andrew Yang talk UBI
by AnthonyMouse on Thursday January 02, 2020 @10:17AM
(#21935992)
> According to the US Census Bureau, a $12k/yr income would put you below the poverty line
The federal poverty line for the lower 48 states is $12,490. Is your objection only that you want to make the UBI $12,500 instead of $12,000?
Notice that you could also make up the other $500 by working a minimum wage job for less than two weeks out of the year.
I live in the Midwest, and this is simply not an accurate description of Midwest finances. These people who live on $12k/yr are either already asset rich (i.e., own their own house/car/etc) or are having their friends/family/roommates or the state pick up some of their living expenses, in one way or another. If they don't, they are literally dying of poverty.
According to the US Census Bureau, a $12k/yr income would put you below the poverty line, even for a single adult with no children living in the Midwest (Michigan).