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DU Home » Latest Threads » Forums & Groups » Topics » Activism » Socialist Progressives (Group) » A $1,000 per month cash h... » Reply #8

Response to yallerdawg (Original post)

Sat Sep 2, 2017, 12:11 PM

8. I support some kind of universal income. It's going to be needed in future, but that study indicates

 


the $2.5 Trillion benefit is achieved by increasing the federal deficit over $150 BILLION a month (150 million adults X $1000). Sorry I don't buy that will work long-term, or even short-term.

From the OP:

"These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there would be no net benefit to the economy, the report finds.

"When paying for the policy by increasing taxes on households rather than paying for the policy with debt, the policy is not expansionary," the report says. "In effect, it is giving to households with one hand what it is taking away with the other. There is no net effect."

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