7 years ago
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A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says
Giving every adult in the United States a $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income. The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College's Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.
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You can dig through my entire history to find it but I've done this math before... giving away this much money would come close to doubling the US budget and is not economically feasible even when removing the costs of social help that would no longer be necessary.
Would I love to get 1,000 or even 500 per month from the government, hell yeah, do I think it's a viable economic plan, no.