Quote Originally Posted by gimmick View Post
Administrative costs for welfare are roughly 8%. For you to get $700 from traditional welfare programs it costs the government $60. For arguments sake let's say an automated bank transfer costs $0.5. Government can now send that $700 119 times when it isn't needed for every $700 that is needed where they don't need to use traditional channels to break even. I might have gotten some details wrong but let's just say the margin of error here is pretty wide. Maybe your government sucks so much that the best they can do is $3 per transfer. Doesn't matter at all. 19-1 ratio not even close to falling short of covering.
Even if 8% could be saved, the downsides to UBI (which I already stated) would be far too great to justify saving a whopping 8%.