Mark Cuban Says ‘It’s Interesting’ The Trump Administration Quietly Offered A Form Of UBI Through HSA Contributions, And ‘No One Noticed’ It
billionaire entrepreneur Mark Cuban believes the government may have shifted to a version universal basic income without anyone noticing. And he thinks it’s coming from an unexpected way: health savings accounts.
“I think it’s interesting [Trump] “The administration proposed a UBI program hidden behind direct HSA contributions and no one noticed,” Cuban wrote. Publish on X Lately.
I think it’s interesting that the administration introduced a UBI program hidden behind direct HSA contributions and no one noticed.
Those who qualify for annual HSA contributions of $3,000 or more may withdraw with a 20% penalty.
That’s $200 a month. Aka UBI, for everyone below…
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Eligible people can receive up to $3,000 a year in aid, he said. tax-advantaged HSA contributions. Funds are subject to a 20% penalty when used for non-medical expenses, but that still works out to about $200 per month in available cash.
“Aka UBI for anyone who has less than the standard deduction or even pays zero taxes because of the child tax credit,” he added.
Cuban emphasized that this structure works like a soft system. safety net for low-income Americans, even if it’s not officially labeled as UBI. “I never thought we’d see a UBI proposal. But here we are!”
Still, he criticized the approach, writing, “I’m not a fan of HSA contributions because so little money will actually be spent on health care.”
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Cuban’s comments sparked controversy. 2024 Libertarian presidential candidate Lars Mapstead pushed back, don’t write“The government isn’t putting $3,000 into accounts. Individuals or employers fund HSAs with their own money. Calling it UBI means new public spending, which isn’t happening,” he said. “The $200 per month frame is misleading.”
Another person added that the HSA structure “misses the brutal design” and benefits convenience while excluding about 40% of Americans. “For those who are comfortable, this is the opposite of prosperity,” they said. Cuban simply replied, “Wrong.”
spine surgeon John Asghar also opposed this idea. “Eligibility is limited, contribution limits remain low, and access requires enrollment in an eligible plan.” in question. “Funds must be deposited in advance, and non-medical withdrawals trigger tax plus a 20 percent penalty.”
