This analysis puts a $0 here, though incorporating labor response and macroeconomic effects is a core next step. Penn-Wharton estimated reduction in work hours of ~6% for the deficit-funded approach, or ~3% for the payroll-tax-funded approach. Given the Yang plan is half-deficit-funded, it’d probably fall somewhere in between, but would depend on economic assumptions like labor elasticity and capital response to deficits.

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

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