Tl;dr: extra money makes people happier.
“Conservatives” hate this simple trick!
Nonsense. My boss tells me I should be grateful I have a minimum wage job at all
Actual summary:
- The article’s focus is: lump sum payment vs regular payment.
- Program had three groups: $20/month for 2 years, $500 lump sum, $20/month for 12 years.
- Lump sum allowed people to invest (e.g., to start a business) in a way that monthly payments didn’t.
- Monthly recipients often pooled funds in rotating savings and credit associations (ROSCAs) to provide a lump-sum-like investment ability.
- Monthly recipients were “generally happier and reported better mental health” than lump sum recipients. Articles quotes speculation of cause to be stress related to investment vs the stability from having monthly payment.
- “The researchers found no evidence that any of the payments discouraged work or increased purchases of alcohol”.
While you’re free to circlejerk about how the article shows how great UBI is, that’s not really what it talks about.
In a general sense it is though. The long-term group did as well as the lump sum group.
Im jerking off so hard rn
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Good stuff, don’t let people tell you that these things don’t work
This is not even really a proper implimentation of UBI anyways right? They are injecting more capital into the local economy of course people were better off…
I still dont see this as a proper experiment of UBI since it’s not self-contained within a society.
Okay, great. Then let’s actually do it. Everything below 100 percent implementation is a success so let’s stop handwringing over the size of the experiment and pull the trigger.
What do you mean self-contained?
In this experiment, external funding is paying for the handouts.
In a self-contained system, the same system/community providing the handouts would be generating the revenue for them (e.g., via taxation). Think of existing social welfare where “the system” generates the revenue that pays for the welfare programs.
Ah, that makes sense. Thanks for taking the time to explain.
That’s irrelevant to the question here. Here the question is how would people live their lives depending on the variation of the UBI. They still pay taxes. It’s no different than government money.
The question you are asking is where the money will come from. Or how will the government finance this. It’s not a difficult question to solve, except for liberals who hate taxes more than anything else on earth.
The question of where to get the money is not so simple, really. Especially so if the economy is already fubar
You know money is just made up, right? The question of where to get the money is the simplest part of the whole proposition.
