Cryptocurrency Q&A
How much does UBI cost?
How much does UBI cost?
Stefano
Sat Aug 24 2024
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5 answers
1013
I'm curious to know, how much does the concept of Universal Basic Income, or UBI, actually cost to implement and sustain on a national or global scale? Are there any estimates or studies that have been conducted to determine the financial implications of providing a basic income to every citizen, regardless of their employment status or income level? And what factors would contribute to the overall cost, such as the amount of the basic income, the size of the population it covers, and the economic conditions of the country or region in question?
5 answers
KiteFlyer
Mon Aug 26 2024
A recent study conducted by Bridgewater Associates, a renowned investment management firm, has proposed an intriguing concept of a Universal Basic Income (UBI) plan. This plan envisions providing every American citizen with a yearly allowance of $12,000.
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Michele
Mon Aug 26 2024
The rationale behind this proposal stems from the desire to alleviate poverty and ensure a basic standard of living for all citizens. By granting each individual a set amount of money, the UBI plan aims to reduce economic inequality and boost overall well-being.
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Federico
Mon Aug 26 2024
However, the study also highlights the significant financial implications of such a plan. According to the research, implementing this UBI scheme would require a staggering investment of $3.8 trillion annually. This colossal figure underscores the challenge of funding such a massive undertaking.
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Andrea
Mon Aug 26 2024
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Eleonora
Sun Aug 25 2024
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