The Homestead Act and Universal Basic Income

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2 Responses

  1. Aine says:

    For UBI to really work as a replacement for jobs lost and safety net programs eliminated, $1000/mo. is not enough. This amount sets up UBI to fail before it even begins. Also, GDP is a lousy measure of human well-being, so formulas based on this are also destined to fail. Instead, and this applies worldwide, use the nation’s median income and divide that in half = UBI. In the U.S., UBI should be at minimum $27,887.50 per year. Anything less than this will be a failing program.

    • Dan says:

      That’s an interesting way to calculate a UBI. I like it! I definitely think this discussion needs to occur. It took about twenty years for a homestead act to become law, so I would guess that this may take as long. Hopefully, we don’t need a civil war to get it done though…

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