Universal Basic Income

Experts Say Universal Basic Income Would Boost US Economy by Staggering $2.5 Trillion

a $2.48 trillion increase in the nation's GDP after eight years of UBI. ....... In recent months, everyone from Elon Musk to Sir Richard Branson has come out in favor of universal basic income (UBI), a system in which every person receives a regular payment simply for being alive. ......... a “basic income” of $1,000 per month given to every adult, a “base income” of $500 per month given to every adult, and a “child allowance” of $250 per month for every child. The researchers concluded that the larger the sum, the more significant the positive economic impact. ...... the $1,000 basic income would grow the economy by 12.56 percent over the course of eight years ........ the researchers assumed that the UBI in the U.S. would be funded by increasing the federal deficit