A newly released report provides further proof that the universal basic income schemes promoted by former Stockton mayor Michael Tubbs and others simply aren’t an effective means of helping people climb the economic ladder. In fact, the report’s findings show a basic income can actually push people deeper into poverty and provides further evidence that the policy is “fool’s gold” as described by Damon Dunn in his PRI book Punting Poverty .
Under the experiment , which was funded by OpenAI founder Sam Altman, 1,000 participants in Texas and Illinois received $1,000 per month for three years starting […]
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