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Yes, giving people the minimum to avoid starvation seems to make them dependent on that income. Giving people enough money to effectively take money off the tab
by Cushman 13y ago
Yes, giving people the minimum to avoid starvation seems to make them dependent on that income. Giving people enough money to effectively take money off the table frees them to make intelligent decisions about how to invest not only that capital, but their remaining time and energy, greatly boosting their productivity.
To be clear, though, I advocate for evidence-based policy, and I've seen encouraging but not conclusive evidence. I've got a hunch on this one, and some notable economists seem to agree with me, but if we're wrong and it would hurt our society then... we shouldn't do that.