For fun: consider Universal Basic Wealth (UBW) Give everybody $1M at 22. Call them Basic Millionaires. 3.9m Americans were born in 1996. The bill this year would be 3 trillion, or about 21% of US GDP, comparable to federal budget. Speculations? In what world would this work?
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Interesting question there. There might be a virtuous selection effect to counter gambling. Anyone who wants to place a bet on a million dollar payday by buying a baby lottery ticket today is likely too foresighty to be a deadbeat
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Would people in slightly higher tax brackets have way fewer children, so they can support the remaining ones that will have to compete with millionaires for housing? Would there be a loan industry based on cashing in on your teens a decade later?
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