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jplusequalttoday at 2:41 PM1 replyview on HN

I really liked the article, but the authors suggestion that a universal basic income is real solution is not backed by any evidence as I can tell.

UBI's are extremely expensive (do the math on what it would cost the US to pay a measly $1000 a month for each citizen). Most economists are split on whether it's even possible to implement on a large scale.

There's a load of good posts on r/AskEconomics that go into the bitter realities of implementing a UBI if you're interested in reading more.


Replies

inigyoutoday at 2:52 PM

UBI would overhaul the economy, but it's not like that doesn't happen regularly, just not for the benefit of workers. It's got to be studied before being implemented on a wide scale but there's no reason to assume it's not possible.

Obviously if you give $1000 to each person, taxes have to be raised by an average $1000 per person, which sounds really bad as a soundbite. An implementation using negative tax brackets doesn't have this soundbite.