Thursday, January 25, 2024

A UBI Design Again

I support a $260/week UBI given to all US citizens over 18 years old but it would replace TANF, SNAP, minimum wage laws, housing subsidies etc. and yes Social Security also. There would no longer be a reason to have those programs if we had a UBI. And I think giving more money to parents for there children would dangerous in that a very few but not 0 might have children that they neglect to get more money and that would look bad for the UBI and in fact be bad. Children are already subsidized through schools and free lunch programs and charities like to help children and the UBI would make the problem of child poverty small enough that charity could cover it. I would also start taxing the 1st dollar earned at 33% instead of 15.2%. The tax rate/bracket could lowered once income goes about enough to pay for the UBI ($40,969.70/year). 

If it reduces would too much a work requirement can be added.

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