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A Guaranteed Basic Income (GBI) of $583 might work in the U.S.A.? Here’s a summary of how this would work from this second article from Business Insider in 2013. Which by the way, initially seems a lot more plausible that the $1000 a month article I linked earlier this week. 1. Settle on a monthly benefit. This 2nd Business Insider article initially proposes $583 a month guaranteed basic income for all Americans. 2. Not universal or for all citizens. But not so fast! The “rich” (anyone making over $60,000 a year) are excluded from this guaranteed income so it’s not universal. So this is essentially a tax on the “rich” and indeed a redistribution proposal. The math is a little fuzzy here. They proposed $500 in one paragraph but $583 is the number used in the example. Benefits are reduced by $233 a year for each $1,000 rise in income over $30,000 a year. The article proposes that someone earning $45,000 would receive a guaranteed basic income of $3500 yearly or $291.67 a month. Anyone earning more than $60,000 a year receives nothing. I did the math myself and this would likely cost about $700 Billion based on a articles I read from Think Progress and this US Census source for 2014 Population, % of Population under 18, % of Population over 65. Here's a breakdown: $30,000 yearly household income would see a GBI benefit of $6,996.00 yearly. Plus $1500 yearly per child. $31,000 yearly household income would see a GBI benefit of $6,763.00 yearly. Plus $1500 yearly per child. $32,000 yearly household income would see a GBI benefit of $6,530.00 yearly. Plus $1500 yearly per child. ... $40,000 yearly household income would see a GBI benefit of $4,666.00 yearly. Plus $1500 yearly per child. ... $45,000 yearly household income would see a GBI benefit of $3,501.00 yearly. Plus $1500 yearly per child. ... $50,000 yearly household income would see a GBI benefit of $2,336.00 yearly. Plus $1500 yearly per child. ... $55,000 yearly household income would see a GBI benefit of $1,171.00 yearly. Plus $1500 yearly per child. ... $65,000 yearly household income would see a GBI benefit of $0.00 yearly. Plus $1500 yearly per child. 3. Adults with children receive an additional benefit. All parents would receive$1500 yearly or $125 monthly per child. I personally think there probably would need to be some sort of maximum benefits for say 4 or 5 children. Assume about 54.2 million children so $81.4 Billion. 4. Seniors (over 65) do not receive this basic income. The argument is senior citizens have social security with an average monthly benefit of $1,3000. I think senior citizens are a huge voting block and would likely never go for this if they were excluded. How to pay for this? From the article. In parenthesis my thoughts. It would potentially eliminate a lot of jobs. It would potentially create a lot of jobs. It would allow those with lower income to use the money where they needed it. What do you think?