View source for The UBI Already Exists. It Is Just Unevenly Distributed.
From Critiques Of Libertarianism
Jump to:
navigation
,
search
<!-- you can have any number of categories here --> [[Category:Matt Bruenig]] [[Category:Social Wealth Funds]] [[Category:Basic Income]] <!-- 1 URL must be followed by >= 0 Other URL and Old URL and 1 End URL.--> {{URL | url = https://www.peoplespolicyproject.org/2019/09/04/the-ubi-already-exists-it-is-just-unevenly-distributed/}} <!-- {{Other URL | url = }} --> <!-- {{Old URL | url = }} --> {{End URL}} {{DES | des = "The UBI Sawicky describes requires $3.2 trillion [$10.000/year] while capital’s share [unearned income] is $5 trillion. It looks like the UBI already exists. It is just very unevenly distributed." Thus a UBI close to $16,000/year could be easily afforded. | show=}} <!-- insert wiki page text here --> <!-- DPL has problems with categories that have a single quote in them. Use these explicit workarounds. --> <!-- otherwise, we would use {{Links}} and {{Quotes}} --> {{List|title=The UBI Already Exists. It Is Just Unevenly Distributed.|links=true}} {{Quotations|title=The UBI Already Exists. It Is Just Unevenly Distributed.|quotes=true}} {{Text | Max Sawicky has a piece in Jacobin that again repeats the clearly incorrect claim that it would be impossibly expensive to provide everyone in the country a significant cash grant each year. So what’s wrong with the UBI? In a nutshell, if it’s universal, it can’t be basic, and if it’s basic (provides a decent income floor), it can’t be universal. The US population exceeds 300 million. If the UBI benefit is $10,000 a year (less than Yang’s), you can do the math. The entire federal budget is about $4.4 trillion. So let us do the math here. Providing every person $10,000 a year would sum up to about $3.2 trillion. This would be passive income paid out to people with no strings attached and without them having to work for it. Now ask yourself: do we have any other kind of income in our society that is paid out passively to people with no strings attached and without them having to work for it? Yes. We do. It is called “capital income” or, at other times, the “net operating surplus.” How much capital income is there in our current economy? $5 trillion. So do the math on this. The UBI Sawicky describes requires $3.2 trillion while capital’s share is $5 trillion. It looks like the UBI already exists. It is just very unevenly distributed. Liquidating the capitalist class will of course be difficult to pull off politically, but it is important that we distinguish between political difficulty and what is possible as a policy matter. There really is enough money flowing to the capitalist class each year to fund a UBI, or “social dividend” as socialists call it. And there really are proven vehicles for doing exactly this, such as in Alaska where a collective pool of capital assets is used to provide thousands of dollars each year to every resident. American leftists interested in the idea would be wise to look at our peers in the UK Labour Party who have proposed shifting 10 percent of the country’s corporate equity to worker funds over the next 10 years, which will provide dividends to the workers and to the government. This is the kind of thing that could, if taken further, do what Sawicky says is impossible: provide a universal cash payment equal to around 20 percent of the net national income without requiring any kind of cutbacks in current government spending. }}
Template:DES
(
view source
)
Template:End URL
(
view source
)
Template:Extension DPL
(
view source
)
Template:List
(
view source
)
Template:Quotations
(
view source
)
Template:Red
(
view source
)
Template:Text
(
view source
)
Template:URL
(
view source
)
Return to
The UBI Already Exists. It Is Just Unevenly Distributed.
.
Navigation menu
Views
Page
Discussion
View source
History
Personal tools
Log in
Search
Search For Page Title
in Wikipedia
with Google
Translate This Page
Google Translate
Navigation
Main Page (fast)
Main Page (long)
Blog
Original Critiques site
What's new
Current events
Recent changes
Bibliography
List of all indexes
All indexed pages
All unindexed pages
All external links
Random page
Under Construction
To Be Added
Site Information
About This Site
About The Author
How You Can Help
Support us at Patreon!
Site Features
Site Status
Credits
Notes
Help
Toolbox
What links here
Related changes
Special pages
Page information
Guidelines To Create
Indexable Page/Quote
Indexable Book/Quote
Indexable Quote
Unindexed
Templates
Edit Sidebar
Purge cache this page