even in rich Scandavian countries w something comparable iirc it's like 12k lol @ 40

(http://www.autoadmit.com/thread.php?thread_id=3921608&forum_id=2#35628085)

To summarize, our proposed funding for the UBI comes from these three sources:

Eliminating most existing means-tested welfare programs—Temporary Aid to Needy Families, SNAP (food stamps), the Earned Income Tax Credit everything else other than Medicare and CHIP would raise about $500 billion per year.

Eliminating middle-class tax expenditures and the personal exemption would add another $635 billion in funding

Giving Social Security beneficiaries of all ages the choice between the benefits to which they are presently entitled, or the UBI, but not both, would add about $18 billion in funding and reduce the number of UBI claimants by about 57 million.

Those three sources of funding would be sufficient to provide a UBI grant of about $4,452 per person, or 17,800 for a family of four, which is about 75 percent of the official poverty income for such a family. Who would win, and who would lose from this proposal?

The number of families and individuals who fell below today’s official poverty guidelines would decrease greatly. Healthcare programs for low-income families would be unaffected.

Replacing today’s jumble of means-tested programs with a UBI would sharply decrease marginal effective tax rates for poor and near-poor families, thereby providing enhanced work incentives. The ranks of the working poor would fall effectively to zero.

Most middle-class households would receive more from the UBI than they lose in tax benefits. No Social Security beneficiaries would suffer a loss. Those currently receiving the smallest Social Security benefits would be able to increase their incomes by opting for the UBI.

Financing the UBI in this way would not require raising anyone’s marginal tax rates. Some middle- and upper-income households that currently have large itemized deductions could experience an increase in their average tax rates.

Let me emphasize that this is not a research paper. The numbers in this post come from official sources wherever possible, but I have not crosschecked them thoroughly for internal consistency, and in some cases, I have filled in the gaps with back-of-the-envelope estimates. Furthermore, all of the tax and expenditure estimates are static, that is, they assume no changes in earned income as a result of introducing a UBI.

(http://www.autoadmit.com/thread.php?thread_id=3921608&forum_id=2#35628164)

Give people time off to think of the next big idea instead of having thm perform needless tasks for the remaining rich.

(http://www.autoadmit.com/thread.php?thread_id=3921608&forum_id=2#35628948)