> In your 20’s it unlocks taking big risks and swing for the fences. YC bets in this, for example. What can ambitious kids do when they don’t need to worry about money?
That might be true for maybe 5-10% of 20-somethings. The rest will blow it.
That might be true for maybe 5-10% of 20-somethings. The rest will blow it.
It feels like everyone that has an anti-UBI position has access to a lot of research that no one else can see - or they're just unwilling to read or accept the results of every study / bit of research actually done on the topic.
Either it is never universal, and / or participants know that it isn't going to last long (limited duration study) so they have different motivations than someone who will actually receive UBI.
Every study basically has the same (obvious and not useful) conclusion: people like getting money. Any conclusion beyond that (specific to UBI) isn't supported.
One is Alaska’s Permanent Fund. Look at their gini index among all 50 states since the fund launched.
https://onlinelibrary.wiley.com/doi/10.1002/pop4.398
And the conclusions are similar. Better health. Lower inequality
The other is Manitoba’s MINCOME experiment, they randomly selected people — it was doing very well but somehow the powers that be pulled the plug: https://humanrights.ca/story/manitobas-mincome-experiment
If $150 a month can make people’s lives better, in a state that doen’t issue its own currency, imagine what phasing in a UBI for everyone in USA can do, gradually and increasing. And that’s the point.
USA will have to print money anyway to service their sovereign debt. So may as well give it out as a UBI over 40 years first, then tax it and pay the treasury holders. Think about it!