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The idea behind universal basic income is that if we just give people enough money to take care of their basic needs, we can eliminate poverty.

Giving $1,000 a month to every American citizen would cost around $3 trillion a year — making UBI by far the most expensive item in the federal budget.

To pay for a $1,000 per month UBI program, Americans’ taxes would have to go up massively.

UBI would almost certainly lead to the federal government printing more money, devaluing the money handed out every month.

Societal trends suggest that UBI would lead to a widespread decline in personal motivation and responsibility and an increase in destructive behavior.

When UBI money is handed out to people, they unsurprisingly want more of it. 

5MV AldoButtazoni WhoWouldntWantUniversalBasicIncome Thumbnail Web

If the government gave people enough money to take care of their basic needs, could we eliminate poverty? Proponents of Universal Basic Income think so. Are they right? Would it really be that simple? Aldo Buttazzoni lays out the pros and cons of UBI.

Who Wouldn't Want Universal Basic Income?

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