Re:Universal Basic Income Has Been Tried over and over Again...
by HideousKojima on Friday February 16, 2024 @02:09PM
(#39401573)
Meanwhile, the median social security recipient gets about $1,700 per month. I don't think most people are going to get behind a "Rob grandma's pension so a bunch of college socialists can write poetry instead of working (and even then actually can't because they're bad at math)" program.
Re:Universal Basic Income Has Been Tried over and over Again...
by gamepsys on Friday February 16, 2024 @02:38PM
(#39401930)
Social security is another $1.4T/year budget that is not considered welfare [0]. Medicare is another $0.9B [1] that isn't considered welfalre [1].
If we raided these programs, along with the previously mentioned programs, we reach an annual budget of $3.5T. The per person math is $10,000/person/year. A two person household would very near the federal poverty line.[2]
It's starting to look like it could be viable if we add state budgets into the mix, and find another solution for elderly healthcare.
[0] https://www.cbpp.org/research/policy-basics-where-do-our-fed...
[1] https://www.cms.gov/data-research/statistics-trends-and-repo...
[2] https://aspe.hhs.gov/topics/poverty-economic-mobility/povert...
The 2022 budget was $1.2T across all welfare programs[0]. This includes programs people don't normally consider welfare such as the Child Tax Credit and parts of the Pell Grant.
There are currently 350M people in the USA [1]. $1.2T / 350M People is $3,428/person/year. Please note that while significantly less, there will still be some overhead in the UBI program so the actual number is lower.
This also doesn't include state budgets for welfare.
[0] https://budget.house.gov/press-release/7582
[1] https://www.worldometers.info/world-population/us-population...