The city of Los Angeles has begun accepting applications for its misguided Basic Income Guaranteed program. The program promises $1,000 per month to 3,000 poor families. The cash payments come with “no restrictions on how the money can be spent” and no requirements that participants be employed or seek employment.
The belief that this program will help the poor runs counter to centuries of experience with welfare. It ignores our common sense understanding of incentives, and is rejected by a rich body of academic work.
CALIFORNIA COUNTY HELPS FUND UNIVERSAL BASIC INCOME PROGRAM RESTRICTED TO WOMEN OF COLOR The no-strings-attached […]
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