(March 8, 2020 at 12:52 am)Rev. Rye Wrote: Admittedly, the UBI isn’t exactly anywhere near that level of utopian. At least the way Yang described it, it would be a maximum of $12k per annum. Naturally, someone relying solely on that without work would be below the poverty line (and I don’t think I’ve found a serious proposal that didn’t have this caveat), but it would probably be enough that maybe you don’t need to take a second or third job just so you can eat more than ramen noodles.
Then again, especially given that this would require an expenditure of a bit less than $4 trillion per annum (roughly a fifth of our GDP) to cover a population of about 325 million, I’m not entirely convinced of its feasibility, either.
It's as stupid an idea as making everyone rich by taking a Sharpie and adding a zero or two to the denomination of currency.
For essentially the same reason.
