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?
Conversation
Did you seriously consider what incentives this sets for lifestyle and having children for all the different segments of society and its development over the next few generations?
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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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