Daniel J. Hemel
New York University School of Law
A $500 per month UBI would more than compensate for the loss of SNAP and/or EITC benefits.
A $36 per metric ton carbon tax would – holding emissions constant – yield $190 billion per year.
One review of the basic income literature suggests starting with a $500/month UBI, paid to every citizen on a biweekly basis and administered by the SSA, funded by consolidating some – but not all – existing welfare programs, plus a modest increase in taxes.
As to the size of a basic income payment, two primary options have emerged: $500/month, or $1,000/month.
The Architecture of a Basic Income
Policy Design Details
Earned Income Tax Credit