This is what happens when people win a basic income raffle
The rough premise of a basic income (BI) involves distributing small cash stipends to people, with no restrictions on how it can be spent. While some economists dismiss BI as inefficient and expensive, evidence shows it has real benefits. Recent experiments—in places as far flung Read More...
Brazil is rolling out a full-on basic income program for over 50,000 people
Can basic income programs help people achieve a better standard of living and rise out of poverty? The jury is still out, mainly because we don’t have enough data to inform the jury. That’s why it’s great news that a massive basic income program featuring more than 50,000 participants is Read More...
Stockton UBI experiment: recipients are spending money only to cover basic needs
The first results from a Universal Basic Income (UBI) experiment in Stockton, California are in—and guess what? They’re already disproving one of the most popular arguments levied against UBI, which is that recipients will use the money on frivolous purchases. In Stockton, the early results Read More...
One of the biggest criticisms of Universal Basic Income has been proven wrong
Existing welfare programs are a tangled mess. If welfare recipients start making too much money, they lose food stamps, medical care, and housing vouchers—essentially trapping recipients in poverty. One way around this problem is universal basic income (UBI), which guarantees every citizen a Read More...