I have referred to a basic income many times here on Continuations so now it is time to flush out a bit more how this could ever possibly work. Many people do simple back of the envelope math like saying there are 319 million people in the US, so if you paid each of them $10K per year that would be $3.2 trillion which exceeds the annual federal tax base (which is about $2.7 trillion) and then quickly conclude that the whole thing is a lost cause. My basic contention though is that the amounts...

I have referred to a basic income many times here on Continuations so now it is time to flush out a bit more how this could ever possibly work. Many people do simple back of the envelope math like saying there are 319 million people in the US, so if you paid each of them $10K per year that would be $3.2 trillion which exceeds the annual federal tax base (which is about $2.7 trillion) and then quickly conclude that the whole thing is a lost cause. My basic contention though is that the amounts...