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?
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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Yeah, all fun questions. Good world but;don’t challenge to flesh out the rest of the picture I think it’s a simpler modeling exercise than UBI though
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