Comment Cost neutral (Score 1) 459
To be cost neutral, if "most adults" will be receiving the $1000 UBI monthly then those same adults will need to spend much more to provide the VAT. They would need to spend at least $10k monthly (to provide the $1k of VAT) on goods and services that don't include "groceries, medicine, medical supplies, clothing, textbooks and other items".
Does anyone know anyone that spends that much per month?