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Some have suggested that UBI in the U.S. would cost $3 trillion a year.
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- So, my taxes go up $2000 per month and I get $1000 of UBI "free" money every month.
- So, there is 13% inflation and all my assets are worth less and I get $1000 of UBI "free" money every month, inflation adjusted, that is worth less every month.
If you gut all the social safety net (*welfare GA, Food Stamps, Medicaid) crop subsidies, every other stipend to business -- which I am assuming is the right wing (true Libertarianism ) reasoning, it might cost $1 trillion a year?
It would make more sense for India to have a UBI of $22 a month -- an expanding economy, with few social benefits, could absorb the costs.
Western economies are near stagnant growth -- pumping in free money and creating more deficits and debt will not welcome new prosperity.
Switzerland is an anomaly, an exception to the rule, the Swiss have few citizens below the poverty line, depend on most of their income from the world economy (
https://en.wikipedia.org/wiki/Economy_of_Switzerland --out of date ). Switzerland may have the net resources to carry out their UBI scheme -- then maybe not after a short trial -- that remains to be seen.