{"id":17132,"date":"2020-08-03T17:35:24","date_gmt":"2020-08-03T17:35:24","guid":{"rendered":"https:\/\/merikebi.warrenmyers.com\/?p=17132"},"modified":"2020-08-03T17:35:24","modified_gmt":"2020-08-03T17:35:24","slug":"following-up-to-my-ubi-mindwalk","status":"publish","type":"post","link":"https:\/\/merikebi.warrenmyers.com\/?p=17132","title":{"rendered":"following-up to my ubi mindwalk"},"content":{"rendered":"

I omitted something kinda big<\/em> when I wrote my one-time UBI proposal<\/a> last year.<\/p>\n

I neglected to address welfare reform.<\/p>\n

Welfare would have<\/strong><\/em> to be changed for UBI to even have a half a prayer of working.<\/p>\n

The “easy” way to do this would be to phase-in reduced welfare benefits on a prorated-equivalent basis for the UBI payment you receive.<\/p>\n

Surely there are many other ways to address welfare as part of the one-time universal basic income – suggest them below!<\/p>\n

Do I have to participate?<\/h4>\n

And I missed a second point, too – this should<\/em> be something you can opt-out<\/a> of. Just like I wrote about Social Security lo those many moons ago<\/a>.<\/p>\n

No one should be forced<\/em> to participate – though I strongly suspect<\/em> most<\/strong> people would rather participate than not.<\/p>\n

What about when the program starts?<\/h4>\n

A third missed point in last year’s thought experiment – a prorated one-time UBI for every citizen over 18 when the program starts<\/em>. Take the average life expectancy of a USian of, say, 75 years. Subtract 18 to get 57 – there is your basis “100%” one-time payment. <\/p>\n

There also needs to be a phase-out cap on one-time benefits at age 74 (ie, when you turn 75, you are no longer eligible to receive a payout).<\/p>\n

Now take your age, subtract 18, and divide by 57, and subtract from 100% to get your prorated payment. Are you 27? (27-18)\/57 = ~15.8%. 100%-15.8% = 84.2%.<\/p>\n

84.2% of $100,000 is $84,200.<\/p>\n

Same process if you’re 50: (50-18)\/57 = ~56.1%. 100%-56.1% = 43.9%.<\/p>\n

43.9% of $100,000 is $43,900.<\/p>\n

What if you’re 80? Congratulations! You’ve outlived the average American! <\/p>\n

from antipaucity https:\/\/antipaucity.com\/2020\/08\/03\/following-up-to-my-ubi-mindwalk\/
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I omitted something kinda big when I wrote my one-time UBI proposal last year. I neglected to address welfare reform. Welfare would have to be changed for UBI to even have a half a prayer of working. The “easy” way to do this would be to phase-in reduced welfare benefits on a prorated-equivalent basis for …
Continue reading following-up to my ubi mindwalk<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4],"tags":[95],"keyring_services":[],"class_list":["post-17132","post","type-post","status-publish","format-standard","hentry","category-blih","tag-antipaucity"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/17132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17132"}],"version-history":[{"count":1,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/17132\/revisions"}],"predecessor-version":[{"id":17133,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/17132\/revisions\/17133"}],"wp:attachment":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17132"},{"taxonomy":"keyring_services","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fkeyring_services&post=17132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}