Universal Basic Income Is a Bad Idea
I see a straw man here. It seems like you can argue against the theory or argue against the actual implementation. The latter was chosen...but with made-up parameters that make it easy to defeat. Examples<p>&quot;...a UBI of just $1,000 per month would cost around $4 trillion per year, which is close to the entire federal budget in 2018. Without major cost savings, US federal tax revenue would have to be doubled, which would impose massive distortionary costs on the economy...&quot;<p>So we need major cost savings or taxes to go up.<p>&quot;Sacrificing all other social programs for the sake of a UBI is a terrible idea. Such programs exist to address specific problems, such as the vulnerability of the elderly, children, and disabled people. Imagine living in a society where children still go hungry, and where those with severe health conditions are deprived of adequate care, because all the tax revenue has gone to sending monthly checks to every citizen, millionaires and billionaires included.&quot;<p>This came our of nowhere as social programs were not mentioned before this line. It&#x27;s basically fearmongering at this point.<p>Maybe someone can help me understand what the argument here is. Perhaps I&#x27;m being harsh on the author but I just don&#x27;t see how you can make this argument with genuine intentions.