Click here to try a new Universal Basic Income calculator. You can click on which programs you’d like to turn into a UBI, and what taxes you’d be willing to put into motion, and it will tell you how large of a UBI can be supported with those resources. You can also type in your own numbers if you are interested.
Over the weekend I wrote a column for Wonkblog on why a Universal Basic Income would be a good idea. At the same time, Jesse Myerson and Alexis Goldstein discussed the topic in the first episode of their new podcast, Beyond the Pale. Matt Bruenig and Peter Frase discussed whether a UBI is Utopian, and have a fascinating exchange about the idea of a UBI and policy and strategy.
The calculator is in a beta-test mode, and it isn’t nice looking, but it might be a useful exercise in how the numbers might actually work. I’ll say that playing with the numbers makes me more sympathetic to Barbara Bergmann’s point that a “fully developed welfare state deserves priority over Basic Income because it accomplishes what Basic Income does not: it guarantees that certain specific human needs will be met.” You have to jettison a lot of the welfare state, raise taxes a significant amount, or phase it out aggressively and remove the universal component to get to numbers like $10,000. On the other hand, it isn’t that hard to get to the $2,000-$3,000 range.
But I’m interested in what you think of it.