Re:What is an appropriate level of Basic Income?
by gte910h on Saturday May 10, 2014 @11:56AM
(#7725834)
600 a month BI is 7200 a year.
From the calculations above, that requires 5050*267 million more government revenue than we have, or 1.35 trillion dollars (after cutting the non-old age part of Social Security, and the welfare part).
How are you going to raise that 1.35 trillion dollars?
Also at 600 a month, we arguably cannot drop minimum wage.
From the calculations above, that requires 5050*267 million more government revenue than we have, or 1.35 trillion dollars (after cutting the non-old age part of Social Security, and the welfare part).
How are you going to raise that 1.35 trillion dollars?
Also at 600 a month, we arguably cannot drop minimum wage.