Comment Not enough money (Score 1) 81
If every man woman and child was to get lets say 2k a month from UBI, which is close to bare survival, with 350million population in US that's 8.4 Trillion $, Per year. Government collected 8.7-8.9 Trillion $ last year (federal/state/local), so about the same. Meaning taxes would have to be doubled on work and income (they still have to pay for the same things government pays for now, plus UBI, 1+1=2 times), or likely 3X or more since about half the people would live on UBI only and not pay any taxes. If you already pay close to 30-40% overall tax as individual/family, 3X that is 90-120%. So sure, it might work with 90% tax, though 120% would be certain.... Who the heck is going to go to work at that income tax rate? Go to work and end up either giving up 90% in taxes best case scenario, or end up owing 20% above what you made...