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sg3niner t1_j3kuqx2 wrote

Reply to comment by bc4284 in Single-use plastic cutlery and plates to be banned in England by Sariel007

Where, exactly do you think the money for UBI is going to come from?

If you take a fairly conservative $1200 a month to cover rent, food, and basic utilities (not including internet or phone or ANYTHING else) and multiply that by 2/3 of the US population, that's 2.8 Trillion dollars a year.

Trillion.

There's no way you can do that that wouldn't make the inflation we're currently seeing look like the tiniest little blip in history.

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bigThinc t1_j3m4val wrote

a trillion dollars is 1/25th of last year’s american gdp.

people fail to realize that the main drivers of inflation aren’t people — they’re corporations

related example: while inflation and interest rates are both high, reserve requirement ratios for banks are still zero. theoretically, this gives big enough banks carte blanche to print as much money as they want, driving inflation.

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JillStinkEye t1_j3m836e wrote

A large chunk comes from being about to completely dissolve a lot of governmental assistance programs. You still have the assistance money that would have been given out, but without the extreme overhead of bureaucracy. All the red tape for the most common welfare situations is absurd.

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SilverNicktail t1_j3oxztr wrote

Current US healthcare spending - per year - is over 4 trillion dollars.

You were saying?

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Arra13375 t1_j3lj3rq wrote

Idk why people have a hard time doing the basic math for this

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