3min chapter

This Week in Startups cover image

Joel Greenblatt on understanding market factors, improving public education, reducing income inequality & more | E1159

This Week in Startups

CHAPTER

We Spend Sixty Eight Billion Dollars, Third Biggest Social Welfare Programme in the Country

i'm not for a universal basic income. But if you're willing to work, i think everyone should get paid well. It's just that you can't force businesses to pay people more at least from an economic standpoint. If we could pay everyone 15 to 20 dollars an hour, a minimum, supplement their incomes from the private sector, with the government extra funding to fifteen to twenty dollars,. Now that would cost a trillion dollars. We're spending sixty eight billions. That would cost us a trillion dollars. The net cost after the extra taxes we collect and the lower celsial welfare or other social lilform programms people are now working, it waul net cost would be about six

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