re: Who else is Yang Gang 2020?

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And nobody in that camp has done the math to see that's $33 TRILLION (with a T) per year, or 1.5x the size of the economy, give or take?

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The math never seems to work and I'm skeptical that giving money to poor people would be a better system than our current welfare structure. Dismantling all other welfare programs and giving people a monthly check, would in theory, save money on administrative costs. In practice, I'd wager that irresponsible people would probably use the money poorly, and we'd end up in a worse situation.

Honestly, I don't see a way for UBI to work unless two things happen concurrently: there is a sovereign fund from which payments can be drawn from (and be paid into) and there is a dismantling of other forms of welfare.

I think UBI might be an eventuality due to automation, or rather, I'm not opposed to UBI if it is the response we choose to automation, but I think it's a slippery slope that could lead to some disastrous consequences.

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(ETA: $33 Trillion would be $10k per year for everybody - $1000 per month would be almost $40 T, which would be almost 2x the size of the economy...)

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112 million (>18 years old) at 12k each is 1.35 trillion. Subtract current welfare spending of ~$400B (not counting ~$700B in medicare).

That doesnt take into account money that is spent by states either (which would give them an opportunity to lower taxes).

It also doesn't take into account the positive effects of people spending that money. Not nearly as expensive as you would expect at first glance.