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In reply to the discussion: Do you support Universal Basic Income? [View all]PoindexterOglethorpe
(27,833 posts)14. How in the world would you calculate everyone's total cost of living?
Some people live a lot more frugally than others. Some live in places that are more expensive than others.
I think a UBI of $1,000 makes sense. And give it to everyone. But do raise marginal tax rates on incomes over, I dunno, $300k/year. And raise the upper limit on FICA at the same time.
Another thing that I've never seen proposed by anyone else, is that everyone should get Food Stamps, SNAP. Everyone. If you don't need your allotment, use it to buy food for the homeless, or some such. You get a card that is automatically reloaded the first of every month, so if you don't use it all it goes away. Which is the same system I'd propose for UBI.
And the UBI should max out at around $3k/per household.
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I would prefer the total cost of living, but that is without thinking through the practical
jorgevlorgan
Jul 2020
#2
Exactly. Different levels of quality of life make that a tough task to fulfill
jorgevlorgan
Jul 2020
#44
i support $750 to $1,000 a month. My Social Security is only $800.00 a month. That is all.
trueblue2007
Jul 2020
#38
Yes, but I don't know enough about the specifics to judge between your two "yes" options
gollygee
Jul 2020
#3
How in the world would you calculate everyone's total cost of living?
PoindexterOglethorpe
Jul 2020
#14
You don't. You set a floor income level - that is the UBI - everyone gets that.
Voltaire2
Jul 2020
#19