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Fresh results from another guaranteed basic income pilot. This time from Seattle's King County where 102 people got $500/mo for 10 months. Employment nearly doubled from 37% to 66% Average income from jobs went up by $410/mo Retirement plans nearly tripled Percent with any savings of those with kids went from 0% to 42% Percent with any savings of those without kids went from 24% to 35% Participants also reported gains in health and well-being 38 comments
You're probably going to need a proliferation of these: https://www.youtube.com/watch?v=NvHXgORblfU aka: organised frameworks to roll back the hegemony (and the pathetic weakness of) individualism. @scottsantens I know this has been talked about before in your previous posts, but while it’s all well and good that UBI has been proven time and time again to work, even if it was implemented on a federal level tomorrow, what is stopping corporations/landlords/etc. from just increasing the price of everything to match people’s newfound income? Going right back to where we were scares me. @RoboRev @scottsantens it's the second question/answer in the FAQ here: https://www.scottsantens.com/basic-income-faq/  Money supply isn't what's causing today's inflation. What's causing today's inflation is price fixing and insufficient competition. In a properly functioning economy, businesses (including landlords and grocery stores) set prices based on what their competitors will let them get away with. In today's economy, there are no real competitors, and businesses instead set prices based on what customers can afford. Unless and until that problem is solved, UBI won't work. Because I already replied to that person elsewhere in this thread. Is that a problem?  @RoboRev @scottsantens to get more into it, UBI solves a "demand donut hole" problem. Housing is the quintessential example. A large number of people in this economy make effectively zero dollars and the primary reason is that they have no place of residence. In a capitalist system, it is very difficult to generate housing units for these zero earners, because there is no amount of rent that they can actually afford. And it costs a non-zero amount to put new housing units on the market.  @RoboRev @scottsantens UBI is not a multiplier, it’s a raising of the floor. The only “newfound income” is for people with no or very little income. I'm not sure that Landlords can possibly be increasing rents any more than they already are. And yes. We need to get rid of landlords. Fun fact: every billionaire under 30 inherited their wealth.  @scottsantens Having physically spent time there before and after, the entire area transformed like a caterpillar into a butterfly. There's so many awesome little businesses there it's unreal  @scottsantens Each of these experiments is about granting some money to people who really need it. It is absolutely right thing to do. "Universal income" is about granting money also to people, who don't need them and who are going to spend them on new smartphone, new laptop, another flat for rent... That will make prices of these goods rise dramatically making lives of poor people even worse. @stamberry @scottsantens @dmaonR The problem is, that there really are people who speak about giving additional money to everybody. Some even go as far as suggesting to scrap all social benefits poor people have now and replace them with extra money for everybody. @stamberry @scottsantens In many countries, you need a smartphone, a laptop, and a flat. Maybe not in yours. @ahltorp @scottsantens Exactly. Making these goods more expensive is not going to help poor people. That's the reason I gave this example. @stamberry @scottsantens How would it be less affordable to poor people if they get more money? @ahltorp If only poor people get extra money, nothing special will happen and these people will be able to buy what they really need. All ideas for "basic income" that I have read about, were like "lets give some amount per month to EVERYBODY, including rich people". If that would happen, inflation is going to eat all the benefit the poor people would get. I really think there's no better option than supporting poor people with money, but this support must be selective.  I would love to be able to afford the kind of proactive thinking that would allow me to get a new laptop this weekend before the wheezy 2011 number I bought used abruptly breathes its last and leaves me hanging. Or, y'know, maybe just get this one fixed if that's possible. But I can't afford that. UBI now, please. @xenophora I'm not against poor people buying laptops or smartphones. I'm against giving additional money to people who don't need them, because they will buy new "laptop and smartphone" quicker than the poor. The prices of these very important things will quickly raise so much that poor again will not be able to buy them. Help should be directed to people who need it. @scottsantens The concern I have with Basic Income pilots is that when you give people money, they become motivated to figure out what you want to hear, and then be sure to say that. Police have this problem with informants, as do children when they ask their parent if they enjoyed the play.   @scottsantens Supporting the health and well-being of the population is NOT the role of the US government! /sarcasm Giving UBI to only 500 people, in a city of millions, is not a valid test of UBI. Give it to the entire city, and publicly announce it a year ahead of time. That's a valid test of UBI. And it will fail spectacularly, when landlords jack up rent in response. UBI is necessary, but not enough. We still have to fix the landlord problem, or UBI will be nothing more than yet another subsidy for the landed gentry. @scottsantens @siracusa Turns out that making society work for people is good for society. I read that in some old book during my childhood Sunday School.  Yet another study that proves UBI works. @scottsantens Yes you didn’t call it UBI. This scheme looks like just better social security like many countries already have. It is not a UBI scheme.   @scottsantens These pilot projects shows that #UBI will solve this main puzzle of money: you need money to get or earn money. |
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How many "study's" is it going to take to get in into the elected dumbasses what works?