Tuesday, December 16, 2014

More argument for a base income for everybody


"In switching over to a universal basic income, the books will not only stay balanced—they might even move into the black. According to the U.S. Census Bureau, there are 115,227,000 households in the U.S. Split $1.88 trillion among all these households and each one gets $16,315.62. In other words, if you turned the welfare system into a $15,000 basic income payment, you’d end up saving over $150 billion (or $1,315.62 per American household).
The basic proposal can be tweaked, of course, so that the system makes a bit more sense. Households making over $100,000 per year probably get by just fine on their own. Cut them out of the equation, and you would end up with a $20,000 basic income check for the remaining households, while still netting the government some nice savings.
Despite the pleasingly round back-of-the-napkin math, replacing food stamps and other artifacts of America’s welfare system with no-strings-attached cash isn’t that easy. There’s the small matter, for example, of stitching together all of the patchwork social program providers—federal, state and local governments—and getting them to agree to all put in to one kitty. It’s also controversial. Pascal-Emmanuel Gobry, a columnist for The Week, worries that if we gave everyone basic incomes to cover their necessities, it might encourage a mass exodus from the workforce as people no longer 'need” to work to survive.'"

I think this could work.  So long as all other subsidies are rolled into this idea.

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