When the robots come to take our jobs, will Universal Basic Income become necessary?
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* How much money would the universal basic income give you?
It depends. In the U.S., most experts think that $1,000 a month would be the ideal target amount. It’s just enough (maybe) to prevent total financial devastation, but not enough that it would dissuade people from keeping their job or looking for a job if they don’t have one.
* Who would get the universal basic income?
A true universal basic income would be universal, meaning everyone would get it. Even the wealthy like Bill Gates, although he would owe WAY more in taxes than than he’d get from the government.
* What are the main arguments FOR a universal basic income?
Some liberals think that a universal basic income is an effective method to fight financial inequality, which is big and growing. The wealthiest 1% own half of all the world’s wealth, and by 2030, it’s estimated to increase to two-thirds! Some conservatives think a universal basic income could shrink current welfare programs, and would put more choice in the hands of the individual.
* What are the main arguments AGAINST a universal basic income?
Some conservatives think that giving everyone a universal basic income would be so massively expensive that it would be totally impractical to implement, and would almost certainly require people to pay more in taxes. Liberals worry that in order to afford the universal basic income, government welfare programs like food stamps and housing assistance would need to be significantly cut or eliminated.
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