this post was submitted on 19 Feb 2025
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The Roosevelt Institute did a study 15+ years ago that showed UBI only creates growth if the money is entirely funded through the creation of debt. You cannot create growth in an economy that utilizes UBI for the UBI itself unless the money falls from the sky and you need a griwing economy to fund an entitlement program like UBI.
It makes more sense to target those that need the money than give everyone money.
Edit: “ For all three designs, enacting a UBI and paying for it by increasing the federal debt would grow the economy”
The above is from the cited paper. There’s zero growth if you fund it through taxes and only growth if you fund it through debt. As increased debt payments require more of the budget to pay back said debt year to year after time the ability to provide UBI is threatened. UBI is not a long term solution.
Yes, I quoted that in my other comment that sparked your edit.
I also quoted the two paragraphs after your quote, and the paragraph before your quote, all of which discussed tax-funded UBI. I even bolded some text. And yet,
You still missed this:
Let me repeat that again, since you have missed it three times now:
Thus, even when the policy is tax- rather than debt-financed, there is an increase in output, employment, prices, and wages.
Nothing you said about tax-funded UBI is reflected in that report. You have blatantly misrepresented their position.