Scott Santens

then we can save a lot of money that we're otherwise spending on healthcare.

So that's one of those things where people say, oh, let's have universal healthcare.

It's like, great, but do we want to have an approach where we're like saying, okay, let's not develop a vaccine for polio.

Let's just have iron lungs for all.

Or do we want to have a vaccine approach that says, let's actually try to avoid people needing an iron lung by actually developing a vaccine that makes people immune to polio.

And so that's what UBI does as well, is it's a vaccine approach and prevents a lot of medical care that's necessary only because we didn't avoid it in the first place.

Yeah.

So there's a difference between the gross cost tag and the net price as well.

So let me just try to explain that because a lot of people mistake the cost of basic income by just taking whatever the amount is and multiplying it by the number.

So if you do that, then if you're going to do $1,000 per month per person and you're going to go to Citizens United States, then it's a little over $3 trillion.

That's the gross cost.

But it's important to understand that the net cost, because a UBI is a very unique program in that people are essentially spending money to receive money.

And that is unlike any other program.

If you're spending for healthcare, then you're spending money, but you're getting healthcare back.

And so the cost of that is the cost.

But if you're spending $10, let's say you go into a store and there's a $10 bill on sale that you can buy.

then you spend $10 on it.

Then are you $10 richer?

Are you $10 poorer?

It nets out to zero.