Extreme poverty and human rights on universal basic income 2017, para. 55
Paragraphe- Paragraph text
- The Economist, relying upon the Organization for Economic Cooperation and Development’s “universal basic income calculator”, concludes that the United States could pay every citizen $6,300 per year if it scrapped all its non-health transfer payments. In other words, if it paid its citizens 25 per cent of GDP per capita ($13,956 per year) as Van Parijs and Vanderborght propose, it would need to raise taxes to cover the difference between $13,956 and $6,300. The Cato Institute calculated that paying 296 million United States citizens the poverty-line amount of $12,316 per year would cost $4.4 trillion. Even if all federal and state social assistance spending for the poor (around $1 trillion) and all “middle-class social welfare programmes such as Social Security and Medicare” (depending on the calculations, costing between $2.13 and $2.5 trillion) were eliminated, there would still be a funding gap of roughly $1 trillion.
- Status juridique
- Non-negotiated soft law
- Organe
- Special Rapporteur on extreme poverty and human rights
- Type de document
- Special Procedures' report
- Mode d'adoption
- N.A.
- Thèmes
- Health
- Poverty
- Personnes concernées
- N.A.
- Année
- 2017
- Type de paragraphe
- Other
- Paragraph number
- 55
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