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Scott Santens

The Cost of Universal Basic Income is the Net Transfer Amount, Not the Gross Price Tag

Why every estimate of UBI that simply multiplies the number of recipients by the amount received is simply wrong

Imagine a group of 5 people. They have an income distribution of $10, $20, $30, $50, and $100. Someone gets the BIG idea of everyone putting 40% of their money into a hat, and dividing the result equitably between everyone.

That means $4, $8, $12, $20, and $40 goes into the hat. That's $84 which when divided by 5 is $16.80.

Another way of . . .

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Posted in: cost

July 07, 2017

Eating food will fail to reduce malnutrition, new report warns

How to recognize when an anti-UBI title is "fake news"

The OECD recently published a report on basic income as a policy option for the future of work. It concluded that universal basic income would require large tax increases to avoid increasing poverty. Others have since picked up on the report with headlines like, "Universal basic income would fail to cut poverty, says OECD" which . . .

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June 06, 2017

How to Reform Welfare and Taxes to Provide Every American Citizen a Basic Income

My proposed funding plan for UBI in the US

The Economic Security Project has just published an article from me on Medium titled "How to Reform Welfare and Taxes to Provide Every American Citizen a Basic Income". It's a more detailed funding plan for a potentially cross-partisan implementation of universal basic income in the United States. For those looking for numbers, . . .

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Posted in: costmedium

June 05, 2017

New Medium Article: Universal Basic Income as the Social Vaccine of the 21st Century

Can the savings of basic income exceed the costs?

Read the article I published on Medium on February 5th, 2015.

Summary: This article starts with an introduction to how hugely cost-saving vaccines are, especially our use of them to eradicate smallpox. It then asks if poverty could be like smallpox and goes into basic income's potential as a social vaccine to eradicate it, and the . . .

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February 06, 2015

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