This week it’s all about getting money from the gubment! Yes, we’re talking about UBI, Universal Basic Income. I’ve decided to run the numbers so you don’t have to, starting with what that UBI Monthly Payment should be and how much that would actually cost the government versus what it pays now for Social Security, Food Stamps, and the rest of it.
UBI has been around for a long time but in 2020, Presidential Candidate Andrew Yang introduced the concept of the Freedom Dividend, which is what he called his UBI proposal. While he originally restricted the payments to $1,000 per month, given inflation I have a slightly modified proposal.
In the end, I don’t know if UBI could actually be paid for. I’d rather have it run through the CBO before I’d propose any politician actually take my numbers and run with it. That said, I wonder what AOC would thinkā¦?