Universal Basic Income Shows Why Giving People 'Free Money' Doesn't Work
According to recent data, people work less—and actually end up deeper in debt.
According to recent data, people work less—and actually end up deeper in debt.
Researchers found that giving people $1,000 every month for three years resulted in decreased productivity and earnings, and more leisure time.
Palm Springs officials aren't off the hook for questionable decisions, but the spending isn't what it looks like.
Politics is filled with words that mean different things in different mouths, but "neoliberalism" is an especially tangled case.
"We need to break up the duopoly, and the mechanical way to break up the duopoly is by shifting to open primaries and ranked choice votings so that every perspective has a shot."
Can the government really cut everyone a check without bankrupting the country and killing labor force participation?
The former presidential candidate talks about UBI, race relations, ranked-choice voting, his new political party Forward, and how "the duopoly is killing us."
The idea of attaching fewer strings to government assistance is gaining currency.
California's embattled governor wants to spend $8 billion of the state's surprise budget surplus on individual payments to state residents.
The answer mostly hinges on how much the government is involved.
Moderates and progressives are sparring over how much government assistance should go to upper-middle class families.
Progressives want to spend an additional $435 billion to help people who've lost neither jobs nor income weather the pandemic.
The strange alliance proves once again that the one thing politicians can agree on is spending taxpayers' money.
"I obviously identify with and resonate with and connect with my libertarian brothers and sisters on so many levels," says the controversial former child actor.
The pilot program intended to assist the city's arts community during the pandemic is drawing both interest and criticism from proponents of unconditional cash transfers.
With public schools largely out of commission, parents are putting together their own ad hoc schooling alternatives.
There are problems with the UBI idea.
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"Americans need fast, direct relief," says Justin Amash.
In the past, the federal government has sent everyone checks to stimulate the economy. But paying for all the losses that come with a coronavirus-induced shutdown would require more novel policies.
Politicians across the political spectrum embrace UBI-style relief to ease the pain of the coming coronavirus-induced recession.
The New Hampshire polls have closed, and the businessman and math advocate is no longer a candidate for president.
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A progressive who wants to empower the little guy instead of big government
The entrepreneur and long shot presidential candidate finds a libertarian-sounding way to pitch free money to voters.
If the past is any sort of guide to what comes next, his fears about a jobless economy (and his policy prescriptions to fix it) are completely misplaced.
He's promising voters protection from made-up threats instead of prosperity.
The 2020 Democratic presidential hopeful is running on a "Freedom Dividend" plan which promises a $1,000 per month UBI.
An investigation into why people are working more without accomplishing more
A provincial minister said the basic-income experiment "was certainly not going to be sustainable."
Economist Michael C. Munger argues the sharing economy is the next great economic revolution—and it's already underway.
We don't need UBI to enable people to tell bosses to take the job and shove it.
No robots need apply.
The city wants to spend a grant it got giving residents $500 a month for two years.
She thought about making it a campaign plank but backed down for fear of "cannibalizing" other programs.
Many technologists think so, but economists aren't so easily convinced.
Is this the only policy proposal Tom Paine, Huey Long, Milton Friedman, Timothy Leary, and Sam Altman can agree on?
Carbon tax and dividend plan would eliminate all EPA carbon regulations, all clean energy subsidies, and all energy efficiency standards.
Dozens of villages in Kenya will soon be receiving payments.
An experiment in international aid hits a snag.
The future economy is going to be self-managed, says former SEIU leader Andy Stern. Get out of its way-but give us a universal basic income.
Study uses technological advancement to call for expansion of the state.
The basic-income scheme is meant to save Finland money and reduce the country's high unemployment rate.
GiveDirectly co-founder on the value of charitable cash transfers.
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