Image by Charos Pix Local media recently celebrated a poorly designed Joint Venture Silicon Valley study, which discovered that people who get free money from universal basic income (UBI) programs (like Santa Clara County’s) are more able to afford things that—hold your breath—cost money. Stanford economics prof John Cochrane provides deeper analysis, noting that UBI historically doesn’t rescue people from poverty long-term or incentivize workforce participation. Wouldn’t it help low-income folks better if cities purged their burdensome regulations/taxes and helped create real jobs instead? An Opp Now exclusive.
Who could possibly be surprised that if you unexpectedly hand out […]
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