4 ms·

This is what I don't quite get. Surely to trial this properly people should get the guaranteed income for life. I don't quite see how one can draw many conclusi

This is what I don't quite get. Surely to trial this properly people should get the guaranteed income for life. I don't quite see how one can draw many conclusions from such a short timeframe when people know it is going to end.

wbobeirne 4y ago
Can you consider any government provided income guaranteed for life? Next election season you might have your benefits programs slashed.
- charcircuit 4y ago
  What if the government paid in treasury bonds?
  - woodruffw 4y ago
    The problem is not the medium, but the payment mechanism -- if disbursing those bonds can be stopped by an Act of Congress, then there remains a chance (maybe a small one) that any UBI program will not be a true UBI program. And that affects how the recipients of UBI treat their money.
    - charcircuit 4y ago
      If your UBI is guaranteed to last 30 years then people would treat it very similar to if it were to go on for their whole life at least for the majority of that 30 years.
- JumpCrisscross 4y ago
  > Can you consider any government provided income guaranteed for life? Congress is sovereign. But states can strike binding contracts under federal law. (They have to lawfully cede their own, limited sovereign immunity, though.)
IncRnd 4y ago
> Surely to trial this properly people should get the guaranteed income for life. If you read the article, you will see it states that to be the eligible, one "must currently be enrolled in the General Relief Opportunities for Work, or GROW, program, which provides employment and training services for young adults". It's not intended to be a lifelong income, so why would they test that with people?
- climb_stealth 4y ago
  Right, that is very much fair enough then. I was thinking of Universal Basic Income. For which trials are done on a similar timeframe if I'm not mistaken.
  - IncRnd 4y ago
    Yes. There also seems to be a disconnect from this article and the press release it links. While they both contain the words, "Universal Basic Income," this UBI seems time-bound and purpose driven like an old-fashioned grant that is spread over time.
jerojero 4y ago
I think a better approach would be to make an experiment and set people at different times (say 3, 5, 10, 30 years) and see how they compare. Maybe a 3 year trial is enough to draw certain types of conclusions but not others. In any case, maybe 3 years trial might be enough to justify in the future a longer and bigger experiment which might be the point of these experiments.

wbobeirne 4y ago

Can you consider any government provided income guaranteed for life? Next election season you might have your benefits programs slashed.

charcircuit 4y ago
What if the government paid in treasury bonds?
- woodruffw 4y ago
  The problem is not the medium, but the payment mechanism -- if disbursing those bonds can be stopped by an Act of Congress, then there remains a chance (maybe a small one) that any UBI program will not be a true UBI program. And that affects how the recipients of UBI treat their money.
  - charcircuit 4y ago
    If your UBI is guaranteed to last 30 years then people would treat it very similar to if it were to go on for their whole life at least for the majority of that 30 years.
JumpCrisscross 4y ago
> Can you consider any government provided income guaranteed for life? Congress is sovereign. But states can strike binding contracts under federal law. (They have to lawfully cede their own, limited sovereign immunity, though.)

IncRnd 4y ago

> Surely to trial this properly people should get the guaranteed income for life. If you read the article, you will see it states that to be the eligible, one "must currently be enrolled in the General Relief Opportunities for Work, or GROW, program, which provides employment and training services for young adults". It's not intended to be a lifelong income, so why would they test that with people?

climb_stealth 4y ago
Right, that is very much fair enough then. I was thinking of Universal Basic Income. For which trials are done on a similar timeframe if I'm not mistaken.
- IncRnd 4y ago
  Yes. There also seems to be a disconnect from this article and the press release it links. While they both contain the words, "Universal Basic Income," this UBI seems time-bound and purpose driven like an old-fashioned grant that is spread over time.

jerojero 4y ago

I think a better approach would be to make an experiment and set people at different times (say 3, 5, 10, 30 years) and see how they compare. Maybe a 3 year trial is enough to draw certain types of conclusions but not others. In any case, maybe 3 years trial might be enough to justify in the future a longer and bigger experiment which might be the point of these experiments.