How would Universal Basic Income affect you? Let's check on the UBI Calculator!
So... how much money will you get at the end of the day? Well, it depends how it's designed!
What is the UBI Calculator?
It is an simple yet powerful web tool for understanding and communicating how various basic income plans would affect you by exploring the following questions:
How does it affect you?
Who else gains income?
How does this impact U.S. citizens?
How is this plan paid for?
How does this plan impact the deficit?
How to Use
Simply enter your income, family details, and any Social Security/assistance income to compare various UBI plans side-by-side.
Hold On a Second… What is UBI?
Universal Basic Income (UBI, unconditional basic income, basic income) is a periodic cash payment unconditionally delivered to all on an individual basis, without any work requirement.
A growing number of people believe that basic income could be a viable and powerful strategy for addressing poverty, social mobility, economic inequality, labor market instability, and a host of other issues.
A fundamentally new approach to societal and economic governance, UBI has plenty of detractors from all walks of life and political leanings as well.
The most common concerns/fears people have about UBI are:
the possibility of inflation
prohibitive cost
a raise in taxes on the middle class to pay for it
a disincentive for people to find work, leading them to become lazy and/or non-contributing
The UBI Calculator web tool has been designed in an effort to analyze the validity of the first three of these common concerns with respect to specific UBI proposals in existence.
The UBI Calculator is as simple to use as it is to share. These estimates are a powerful way for you to start exploring the possibilities of universal basic income.
Let us know what you think!