The US spends $880 billion on military spending in 2023. That’s 20% of its annual budget. Source
The US has roughly 350 million inhabitants. Divide that and get that you could give $2.5K annually to each person as handouts. And we’re not even talking about tax reforms here.
Three points.
This is about Canada.
From my earlier post: “UBI isn’t the best solution out there, it is a highly polarized idea, and funding for a program on scale would cost Billions, requiring trillions in revenue to be a viable option.”
You just paid for 1 month of UBI cutting the entire military budget for a year, which took 20% of the annual budget, leaving another 4 months of payment before the country has no budget left.
You keep pretending all over this thread that you would be increasing the income of everyone. You’re ignoring completely that you change the tax system so that wealthy people pay more than at present so it’s not inventing money, it’s redistributing it. You also cancel a bunch of social security programs that it replaces.
Your sums are based on false assumptions and you’re just spreading your FUD which is itself based on ignorance and fear. Stop trying to sound like you know something about it when you keep multiplying the population by the payment as if that was relevant in isolation of everything else that’s part of UBI.
If you want to sound knowledgeable, first so the reading work of learning.
But I think you don’t want to learn you just want to criticise because you don’t like the idea of money going from rich to poor.
Three points.
This is about Canada.
From my earlier post: “UBI isn’t the best solution out there, it is a highly polarized idea, and funding for a program on scale would cost Billions, requiring trillions in revenue to be a viable option.”
You just paid for 1 month of UBI cutting the entire military budget for a year, which took 20% of the annual budget, leaving another 4 months of payment before the country has no budget left.
You keep pretending all over this thread that you would be increasing the income of everyone. You’re ignoring completely that you change the tax system so that wealthy people pay more than at present so it’s not inventing money, it’s redistributing it. You also cancel a bunch of social security programs that it replaces.
Your sums are based on false assumptions and you’re just spreading your FUD which is itself based on ignorance and fear. Stop trying to sound like you know something about it when you keep multiplying the population by the payment as if that was relevant in isolation of everything else that’s part of UBI.
If you want to sound knowledgeable, first so the reading work of learning.
But I think you don’t want to learn you just want to criticise because you don’t like the idea of money going from rich to poor.