4 ms·
Taxation to support UBI is, as you point out, problematic. However, there is a long-running UBI project in the United States that we have a ton of data on. Th
by JieJie 3y ago
Taxation to support UBI is, as you point out, problematic.
However, there is a long-running UBI project in the United States that we have a ton of data on.
The Alaska Permanent Fund, which takes profits from selling off the natural resources of Alaska and distributing those profits to citizens of Alaska.
The ideal with UBI is that we take the profits from Generative AI, for instance, and distribute them to people. Ideally, the population that have lost the ability to support themselves, because they've been replaced by Generative AI.
"The PFD is a Basic Income in the form of a resource dividend. Some researchers argue, "It has helped Alaska attain the highest economic equality of any state in the United States... And, seemingly unnoticed, it has provided unconditional cash assistance to needy Alaskans at a time when most states have scaled back aid and increased conditionality."
A 2018 paper found that the Alaska Permanent Fund "dividend had no effect on employment, and increased part-time work by 1.8 percentage points (17 percent)... our results suggest that a universal and permanent cash transfer does not significantly decrease aggregate employment."
A 2019 study found "a 14% increase in substance-abuse incidents the day after the [Alaska Permanent Fund] payment and a 10% increase over the following four weeks. This is partially offset by a 8% decrease in property crime, with no changes in violent crimes. On an annual basis, however, changes in criminal activity from the payment are small. Estimated costs comprise a very small portion of the total payment, suggesting that crime-related concerns of a universal cash transfer program may be unwarranted.""
https://en.wikipedia.org/wiki/Alaska_Permanent_Fund https://en.wikipedia.org/wiki/Alaska_Permanent_Fund