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20+ year year old permanent program https://www.wired.com/story/free-money-the-surprising-effects-of-a-basic-income-supplied-by-government/ https://www.wired.c

• KerryJones 5y ago
  Paywalled, anyone have another link?
• sintaxi 5y ago
  Again, inflation isn't accounted for.
• Aunche 5y ago
  Obviously, receiving free money is better than not receiving free money. There's nothing surprising about that. The question is where this money will come from. You can't support universal basic income from casinos or oil wealth, both of which have major negative externalities to boot.
• missedthecue 5y ago
  This is functionally no different than dividends paid by a company to its shareholders (although this Casino enjoys a local state-sanctioned monopoly, and the shareholder is the tribe council, so it is slightly different, but economically similar). UBI on the other hand is done by taxing ourselves to pay ourselves, or worse, printing to pay ourselves.
• faet 5y ago
  >Even in Cherokee country, where the additional income is quite sizable, the payments are not enough to live on >The Alaska Permanent Fund has been giving $1,000 to $2,000 a year to its citizens for decades Neither of these are amounts to not work on. Many people quit working after reaching a specific "UBI". Either through social security or retirement/investment accounts. This is also the goal for many folks such as FIRE.