4 ms·

What % of recipients was that?

com2kid 4y ago
Some economists are going to need to do some research to determine that! Likewise, research is needed to determine under what circumstances people best benefit from UBI and UBI like programs. We already know that hope is one of the most important factors when it comes to the success of UBI programs. People who have hope for the future, who believe they can improve their lot in life, do great with UBI programs. They go to school, get new jobs, save to buy a house, they plan for the future. People without hope will spend money on short term indulgences.[1] One interesting thing is that UBI tends to increase hope, it gives people a stable foundation to fall back on while making improvements in their life. Think about how founders from wealthy families are willing to take risks to make money, until they find something that sticks. Having a real life financial cushion means people can pivot until they find something that works for them. UBI isn't going to be perfect, some people will leech off the system and do nothing. Some people just aren't motivated. But those people are likely already not doing anything with life, and paying someone enough $ to keep them housed and fed so they aren't living on the street or stealing food is a net financial savings for society anyway. [1] The most striking examples are people who grew up in neighborhoods that have extremely short life expectancies. If most everyone you know died before they got to 30, why would you ever save up money to buy a house on a 30 year mortgage? If someone's world view is that they are probably going to die in the next few years, of course they are going to spend all their money on indulgences, that is in fact a very rational thing to do! The solution is to show people an out, a way to escape that world view, yelling at people "you are wrong, open a savings account!" doesn't work, especially if friends and family are dying at a steady rate all around.

Some economists are going to need to do some research to determine that! Likewise, research is needed to determine under what circumstances people best benefit from UBI and UBI like programs. We already know that hope is one of the most important factors when it comes to the success of UBI programs. People who have hope for the future, who believe they can improve their lot in life, do great with UBI programs. They go to school, get new jobs, save to buy a house, they plan for the future. People without hope will spend money on short term indulgences.[1] One interesting thing is that UBI tends to increase hope, it gives people a stable foundation to fall back on while making improvements in their life. Think about how founders from wealthy families are willing to take risks to make money, until they find something that sticks. Having a real life financial cushion means people can pivot until they find something that works for them. UBI isn't going to be perfect, some people will leech off the system and do nothing. Some people just aren't motivated. But those people are likely already not doing anything with life, and paying someone enough $ to keep them housed and fed so they aren't living on the street or stealing food is a net financial savings for society anyway. [1] The most striking examples are people who grew up in neighborhoods that have extremely short life expectancies. If most everyone you know died before they got to 30, why would you ever save up money to buy a house on a 30 year mortgage? If someone's world view is that they are probably going to die in the next few years, of course they are going to spend all their money on indulgences, that is in fact a very rational thing to do! The solution is to show people an out, a way to escape that world view, yelling at people "you are wrong, open a savings account!" doesn't work, especially if friends and family are dying at a steady rate all around.