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submitted 1 year ago* (last edited 1 year ago) by gerikson@awful.systems to c/techtakes@awful.systems

[this is probably off-topic for this forum, but I found it on HN so...]

Edit "enjoy" the discussion: https://news.ycombinator.com/item?id=38233810

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[-] corbin@awful.systems 3 points 1 year ago

Nobody tell him that Social Security can easily pay out $1600/mo to people today. His head might pop right off!

Last time I ran the numbers, I concluded that the USA can afford to pay $2000/mo to each taxpayer, even if considering marriages as two taxpayers. The economic benefits would easily compensate the small amount of self-borrowing required to jumpstart UBI. Similarly, the USA can easily afford to auto-enroll everybody in Medicare, although the government would have to eat several HMOs and ACOs to ensure coverage and prevent profiteering.

this post was submitted on 11 Nov 2023
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