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Please read about Basic Income Guarantees(BIG)[1-2], if you are unfamiliar. Essentially, it is a set amount of money for EVERY citizen with NO means testing. It
by bdcs 13y ago
Please read about Basic Income Guarantees(BIG)[1-2], if you are unfamiliar. Essentially, it is a set amount of money for EVERY citizen with NO means testing. It has been promulgated by conservative and liberal Nobel laureates alike. It turns out that the limited, preliminary data shows it to be INCREDIBLY effective. Basic Income offers surprising, non-intuitive effects which -- sometimes -- strongly contradict derogatory stereotypes of the poor. For example, BIG has resulted in increased hours worked per week and wage. These increases were attributed to people finding jobs they liked more and were better at (in lieu of jobs-based means testing programs which incentivize getting crappiest job possible as soon as possible).
[1] http://en.wikipedia.org/wiki/Basic_income_guarantee http://en.wikipedia.org/wiki/Basic_income_guarantee
[2] https://news.ycombinator.com/item?id=5656249 https://news.ycombinator.com/item?id=5656249