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5 Reasons Universal Basic Income Will Never Work


I mean, who wouldn't want an extra $1000 per month? I would also add that, perhaps surprisingly, there have been people on the Right like Thomas Paine, Charles Murray, and Milton Friedman who have favored the idea.

Of course, there do tend to be differences between the liberal and conservative versions of universal basic income. The conservative version tends to pay for the whole thing by liquidating most of the other welfare programs. In other words, let's cut the government agency middlemen out and just give people a certain amount of money. Given the incredible amount of money that the government wastes, it's certainly theoretically possible that it could SAVE US MONEY if we were willing to cut deep enough,

The UBI is to be financed by getting rid of Social Security, Medicare, Medicaid, food stamps, Supplemental Security Income, housing subsidies, welfare for single women, and every other kind of welfare and social-services program, as well as agricultural subsidies and corporate welfare. As of 2014, the annual cost of a UBI would have been about $200 billion cheaper than the current system. By 2020, it would be nearly a trillion dollars cheaper.

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