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https://www.nytimes.com/2020/03/28/business/nordic-way-economic-rescue-virus.html

"Nationalizing public payrolls" sounds an awful lot like sedition, citizen.

Originally posted by Putinbot1
https://www.nytimes.com/2020/03/28/business/nordic-way-economic-rescue-virus.html

This is temporary Universal Basic Income. But it is temporary income at the levels of your current employment which is going to be higher than a basic income.


Seems like a great idea.


Denmark: population 5.6 million
Stimulus Cost: $6,270 million
Cost per person: $1,113



If it cost $,113 on average, per person, in the US, to provide a "at-current-income", it would cost the US Government:

Medina Individual Income (MII): $31,099 a year
USA Population (P): 327.2 million
Cost Person Person for 3 months: ((3/12 months) *$31,099 MII)*327,200,000 P = $2,543,898,200,000

We only want 3 months so the blue part gets us 3 months out of a 12 month year: I did not simplify the fraction on purpose to make that easier to see. You have to do that do find the median income for just 3 months.

Then you multiply that 3 months of income by the entire USP to find a close but rough estimate of how much it would cost to fund a program like this.




So, yeah, it would cost the US $2,543,898,200,000, or $2.543 trillion to fund the same type of program as Denmark. Clearly, this is far more costly than Denmark's plan. It doesn't translate to a country that has a much higher average income and a much higher population. You can do these things in much smaller countries whose populations are like the average US State's.