2 ms·
I'm skeptical of these UBI experiments in general, because they don't take into account that widespread, permanent UBI will change people's behaviour in very di
by commonturtle 6y ago
I'm skeptical of these UBI experiments in general, because they don't take into account that widespread, permanent UBI will change people's behaviour in very different ways from a small, temporary experiment. How do populations respond when they are guaranteed $2k / month forever no matter what they do? Do they simply start asking for $3k / month after that? Does the median individual stop working and watch TV all day, or do they do amazing creative things?
One crazy experiment we could try: Give Finland (they've run a small-scale UBI exp before) $1.2 trillion to run a nationwide, long-term UBI experiment on their whole population(5M (pop. Finland) * $24k / year (UBI payments) * 10 years = $1.2 trillion).
Make the decision about UBI based on what happens in Finland after 10 years. Not perfect, and it will never happen, but certainly would be a more trustworthy indicator of UBIs real effects on a society :)