this post was submitted on 11 Nov 2023
6 points (100.0% liked)

TechTakes

1490 readers
30 users here now

Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

founded 2 years ago
MODERATORS
 

[this is probably off-topic for this forum, but I found it on HN so...]

Edit "enjoy" the discussion: https://news.ycombinator.com/item?id=38233810

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 1 year ago

Nobody tell him that Social Security can easily pay out $1600/mo to people today. His head might pop right off!

Last time I ran the numbers, I concluded that the USA can afford to pay $2000/mo to each taxpayer, even if considering marriages as two taxpayers. The economic benefits would easily compensate the small amount of self-borrowing required to jumpstart UBI. Similarly, the USA can easily afford to auto-enroll everybody in Medicare, although the government would have to eat several HMOs and ACOs to ensure coverage and prevent profiteering.