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The scheme fails to answer two of the most important questions: how can it be financed?
Plans for it be financed with private-sector funds, in an effort led by the businessman Frank Johansen, irk some detractors, who want an independent artistic assessment as a buffer to money dictating art.
If so, will it be financed through higher taxes (seems dubious, given Republicans' misplaced zest for tax cuts); reductions in other government programs (also dubious — if cuts were popular, they'd already have been adopted); or borrowing (the easiest alternative, but embarrassing)?
Senator John D. Rockefeller IV of West Virginia, the top Democrat on the Senate committee, said last December that he would seek a closed session of the Senate this year to review a costly technical program if Senate appropriators continued to recommend that it be financed.
Under what circumstances could a UBI be desirable, and how could it be financed?
Don't let it be financed by deposits.
Similar(54)
It was financed by the National Institutes of Health.
It was financed independently and made collaboratively.
Much of it was financed by debt.
It is also how it was financed.
It is financed largely by the city.
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CEO of Professional Science Editing for Scientists @ prosciediting.com