The plan would replace the $600 million in subsidies Denmark gives the island each year
The Donald Trump administration is reportedly considering giving about $10,000 to each Greenland resident as part of its plan to annex the island.
The possibility would seek to replace the $600 million Denmark gives the territory in subsidies every year, and has stopped being mere rhetoric to become official U.S. policy, according to The New York Times.
The outlet detailed that the plan already includes several cabinet departments and that the White House’s National Security Council has met several times to advance on it, recently sending specific instructions to different offices.
Explain to me more about this $10k from denmark. Does denmark have some amount of UBI?
They run a large budget deficit each year which Denmark subsidises out of historical obligation, since they subjugated Greenland. Fair enough I say.
Greenland is largely independent on internal policies and have their own laws, but still technically part of Denmark.
This is my laymen’s explanation.
I think that’s pretty accurate
My understanding is that these are government to government subsidies, not government to people subsidies. That’s quite different from what the usa is offering