the International Labor Office, which estimates average costs equivalent to 20-30% of GDP in most countries.
This is ten times the reality: https://www.weforum.org/agenda...
Cost of UBI in US would be around half a trillion for 12k each. The cost of poverty is over 3 trillion.
https://theconversation.com/wh...
imagine a room with 15 people who want to set up a UBI for the room of $2 per person. The upfront cost of the policy would be $30. The ten richest people in the room are asked to contribute $3 each towards funding it. After they each put in $3, raising the total $30 needed, every person in the room gets their $2 universal basic income. But because the ten richest people in the room contributed $3, and then got $2 back as the UBI, their real, net contribution is in fact $1 each. So the real cost of the UBI is $10.
to fund a UBI of US$12,000 per adult and US$6,000 per child every year (while keeping all other spending the same) the US would have to raise an additional US$539 billion a year – less than 3% of its GDP. This is a small fraction of the figures that get thrown around of over US$3 trillion (the gross cost of this policy).
We all live in a state of ambitious poverty. -- Decimus Junius Juvenalis