One could equally say we can’t afford our current defense spending or healthcare, or just that deficits are acceptable for sovereign nations. $1T out of the US’s $17T GDP keeps millions out of poverty, but whether that’s too much or too little is orthogonal to this article. I claim that a shift to basic income could be accomplished with minimal changes to overall redistribution, relative to our current system.

Economist. Founder and president of the UBI Center. Studied at MIT and UC Berkeley. YIMBY. Former Google data scientist.

Economist. Founder and president of the UBI Center. Studied at MIT and UC Berkeley. YIMBY. Former Google data scientist.