Universal Basic Income: Background information when reading Squeezed

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Squeezed

Why Our Families Can't Afford America

by Alissa Quart

Squeezed by Alissa Quart X
Squeezed by Alissa Quart
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  • Published:
    Jun 2018, 320 pages

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Book Reviewed by:
Cynthia C. Scott

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Universal Basic Income

This article relates to Squeezed

Author Alissa Quart argues in her book Squeezed, that a Universal Basic Income is one possible solution for job insecurity, particularly for stay-at-home parents and domestic workers who are often shut out of the economy and for workers whose jobs may be phased out due to automation.

But what exactly is UBI? Basically, it's a program that distributes a fixed income to everyone, regardless of employment. While there are some questions as to how it should be implemented, one estimate suggests it would cost the United States up to $3.2 trillion to distribute $10,000 checks annually to every adult citizen or $1.5 trillion if means-tested to exclude those who don't need it (by comparison the National Health Expenditures in 2016 was $3.3 trillion in 2016). Funding would likely come from carbon and income taxes, a decrease in military spending, and other similar revenue-raising means.

UBI has a fair number of supporters including Elon Musk, Matt Bruenig of the progressive think tank ...

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