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Comment by manfredo

Near zero. Few are really portraying how expensive this is. $1k a month for every American is just under 4 trillion dollars. For every adult American it would be just under 2.5 trillion. Currently, the entire federal budget is 3.8 trillion dollars. The GDP is 19.5 trillion. We're looking to spend an amount equivalent to the entire federal budget or 10-20% of the whole country's GDP on UBI. Yang's attempt to portraying this as fiscally feasible is based on the assumption that UBI will automagically result in extreme economic growth.
parent manfredo 7 years ago

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