Where will the money come from to pay for a universal basic income?

5 answers

  • The real question is, how much is it costing to *not* fix poverty, inequality and insecurity? The costs of crime, poor health outcomes, worse educational outcomes, and reduced productivity would all be reduced if we had a universal basic income.

    Sources
  • In America: a combination of tax reform, welfare reform and new non-income-based taxes could more than cover the cost of UBI.

    Sources
  • Reducing income inequality could actually increase GDP, making all of society wealthier.

    Sources
  • The true cost of UBI isn't the number of recipients multiplied by the amount received. It's the net transfer amount, which would be a lot less.

    Sources
  • In America, introducing VAT on all goods and services at every level of production and distribution would generate money from the large companies who are benefiting most from automation.

    Sources