The gross cost of a $12k/yr UBI paid to all adults, and $6k/yr to children is estimated at $3.4 trillion per year.

As a 'back of the envelope' calculation, these estimates make simplifying assumptions to provide a ballpark range. Gross cost refers to the total revenue required to implement the program, before taking into account the 'claw back' from taxes used to fund it.

empirical


Loading...