(This is an excerpt from my article titled "How We Can Transform America’s Broken Economic System to Work for EVERYONE". You can read it in full on Medium.

Per citizen calculations are based on 92.8% of the US population being legal citizens.)

The following is a short list of our shared expenditures as a society. On the left is the total cost and on the right is the cost per American citizen.

As a society, we are now spending or throwing away about $11.9 trillion dollars or $40,000 per citizen every year

There exists overlap between some expenditures, and many of these can't be reduced to zero, but the above also represents only a partial list of all expenditures.

This is what we're seemingly entirely okay right now spending or wasting our money on. Somehow, we just don't have a problem with this much money being spent or lost as a society. It's just "the way things are."

To understand how we can reduce these expenditures and losses by more than $12,000 per citizen by spending an additional $12,000 per citizen on basic income, next read "How We Can Transform America’s Broken Economic System to Work for EVERYONE"

Have a question about basic income? Here's a list of links that answers frequently asked questions.

Interested in reading an entire book about basic income? Here's a BIG list of what's available out there.