Re:Policies that make the poor less poor
by marcus_holmes on Wednesday June 23, 2021 @06:23PM
(#27611301)
That's $1.2 trillion per year.
The USA spends $1.03 trillion per year on benefits at the moment, [0]. Most of that will be replaced. That's only federal benefits - more is spent by states.
I don't think this covers the administration costs of policing the benefits system (but I'm not sure).
There's also the veteran's pay and benefits which isn't technically part of this, but would be less necessary with UBI.
It's roughly equal to what the whole benefits system costs now.
The USA spends $1.03 trillion per year on benefits at the moment, [0]. Most of that will be replaced. That's only federal benefits - more is spent by states.
I don't think this covers the administration costs of policing the benefits system (but I'm not sure).
There's also the veteran's pay and benefits which isn't technically part of this, but would be less necessary with UBI.
It's roughly equal to what the whole benefits system costs now.
[0] https://www.budget.senate.gov/imo/media/doc/CRS%20Report%20-...