Philosophers. Alive!
$2.5 Trillion by 2025 - $1000/M UBI
- Thread starter wildflower
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Theorists - Alive!
Musicians or any Artist- alive!
Notice there is a pattern to the AI resistant surviving professions. Human beings either entertaining and/or understanding on an emotional level other human beings, or the highly creative professions.
Army/Navy/Air Force/Marines - gone.
The catch is this:
It will also increase the outgoings of the US Gov by about 2.5 Trillion per year. So that's 20 trillion by 2025... so that increase in the economy of 2.5 Trillion by 2025 is totally trumped by the increase in debt... likely defaulting the US Gov and making the economy collapse instead of making it bigger....
Seems like a no-brainer to me. I must be missing something though. What is the catch? If implemented, there is no slipping below the poverty line anymore. So if you get a job, you can live on your salary + $12,000 year. If you lose your job, at least you have a backstop.
My opinion is that the UBI is fine, but then get rid of all the rest of the social safety-net programs. Seems far more efficient, and, since everyone gets it, no one can complain that only bums get it.
Finally, with the advent of A.I., huge swaths of people will be unemployable very soon. And it isn't just the low wage jobs that are going to be hit: Doctors, Lawyers, Truck Drivers, Teachers, Computer Programmers, and others I haven't imagined are going on the unemployment line in the next 10-20 years.
A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says
Catherine Clifford
50 Mins Ago
Getty Images
Giving every adult in the United States a $1000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income.
The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College's Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.
The study made economic forecasts for three proposals: a full universal basic income in which every adult gets $1,000 a month ($12,000 a year), a partial basic income in which every adult gets $500 a month ($6,000 a year) and a child allowance in which parents get $250 a month ($3,000 a year).
The larger the universal basic income, the greater the benefit to the economy, according to the report.
A $1,000 cash handout to all adults would grow the economy by 12.56 percent after eight years, the study finds.Current Congressional Budget Office estimates put the GDP at $19.8 trillion. The cash handout would therefore increase the GDP by $2.48 trillion. (Vox first did this extrapolation in their coverage of the report, and Steinbaum confirmed the accuracy of the extrapolation to CNBC Make It by email.)
The $250 allowance would grow the GDP by 0.79 percent and a $500 a month payment would grow the GDP by 6.5 percent.
"THE LARGER THE UNIVERSAL BASIC INCOME, THE GREATER THE BENEFIT TO THE ECONOMY, ACCORDING TO THE REPORT."
ETC
https://www.cnbc.com/2017/08/31/100...d-grow-the-economy-by-2-point-5-trillion.html
Been reading dozens of articles on basic income ....it's a joke....it's not happening and will never happen.....
Power is used in the most basic way in our society, it is not a means to an end.
There isn't a utopia.
Power begets more power, and UBI will give those in positions of power even more leverage against the common man.
Maybe just maybe, it does happen....
But, what do I know?