- A Seattle basic income pilot gave low-income residents $500 a month, nearly doubling employment rates.
- Some participants reported getting new housing, while others saw their employment incomes rise.
- Basic income pilots nationwide have seen noteworthy success, despite conservative opposition.
It pays off immediately. The return on investment can literally be seen almost instantly. The problem with UBI in an unregulated market is that “inflation/price gouging/collusion” will begin immediately. It’s just like student loan forgiveness, the benefits are immediate but if you don’t fix the underlying cause, your actual return it’s massively minimized due to the very bullshit that necessitated the fix.
> If your kid is starving because they keep getting beaten up for their lunch money, you can’t solve the problem by giving them more lunch money – the bullies will take that money too.
Credit @pluralistic
That’s a fantastic analogy.