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Posty McPostface
- 27
- 7
I've had many discussions with a friend about basic income and read about it online from reputable news sources. One of the major issues in even having a discussion about the notion of basic income is establishing how much money do people get. I've taken the lower bound estimate based on the amount the US government has already established is enough to get by with based on disability benefits. An American on disability benefits gets around (depending on how much they've already put into Social Security) around $750 a month to live off of. That number varies by state and if you live with your parents or family (which is typically the case for someone on disability) and can go to around $635 due to living with a family member. Now, that is a workable number and not unrealistic as per:
So, moving on from the issue of costs provided the above, what are some benefits that you can imagine that a measly $7,620 a year can provide to the neediest and poor?
Source.An economy as rich as America’s could afford to pay citizens a basic income worth about $10,000 a year if it began collecting about as much tax as a share of GDP as Germany (35%, as opposed to the current 26%) and replaced all other welfare programmes (including Social Security, or pensions, but not including health care) with the basic-income payment.
So, moving on from the issue of costs provided the above, what are some benefits that you can imagine that a measly $7,620 a year can provide to the neediest and poor?
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