Tag: guaranteed income

New $500/monthly Stimulus Checks until 2026: Great news for citizens in this state 1 There is some good news for the residents of Harris County, Texas: a new guaranteed income pilot called Uplift Harris. It has proposed a plan where certain targeted families will receive stimulus checks amounting to $500 on a monthly basis for 18 months. As a measure against poverty and economic deprivation in the region that was so much in evidence.

The program should, therefore, be seen as a positive action towards promoting economic stability and community wealth in the region. However, the implementation of this elaborate […]

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City authorities in New Orleans, Louisiana, want to spend more than $1 million to fund a guaranteed basic income program that would benefit up to 800 public high school students for three years.

The sum, which comes from federal funds provided through the American Rescue Plan Act, will be an expansion of the guaranteed income pilot program launched by Mayor LaToya Cantrell in April 2022. The program was on the agenda of the July 18 Budget-Audit-Board of Review Committee meeting.

Guaranteed income, very much like the universal basic income, provides cash payments to individuals or households on a regular basis with […]

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People Getting Money Giving Americans $1,000 per month in taxpayer-funded guaranteed income makes them worse off, says a new three-year, 3,000-participant study . The National Bureau of Economic Research’s massive study found recipients and their partners work and earn less, with the negative effect on wages and earnings getting worse over time.

While proponents of universal basic income theorized such programs would improve non-economic metrics for recipients, the study surprisingly showed leisure time only increased as recipients spent less time on sleeping, child care, community engagement, caring for others, and self improvement. Transfers also reduced recipients’ non-transfer incomes significantly, with […]

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Photo by Generation Grundeinkommen. Creative Commons Attribution 2.0 Generic license. “Bad News for Universal Basic Income.” The “bad news,” per Reason ‘s Eric Boehm. is that a non-profit’s three-year, 1,000-person, $1,000-per-month trial of the idea “resulted in decreased productivity and earnings, and more leisure time.”

Is that really bad news? Well, it depends on who you are and what you want.

UBI advocates like Andrew Yang predict the idea would, in part, “enable all Americans to pay their bills, educate themselves, start businesses … relocate for work.”Bad news indeed … on those metrics, anyway.But Yang also predicts a UBI would let […]

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Key of the Going Together with the Socially Neglected Policy: ‘Guaranteed Income’
“More Support for Lower Incomes” Differentiated Payments
Increasing Positive Cases Lead to ‘Successful’ Evaluation
“Work Motivation Increases”, “Stigma Effect Remains a Challenge”
Restoration of Self-Esteem and Mental Health “Helps Prevent Welfare Blind Spots” Editor’s Note: Following the tragic discovery of a mother and her two daughters who died at home due to financial difficulties, both the government and local authorities have been making various efforts to reduce welfare blind spots. In particular, the Seoul city government has challenged the "new paradigm of welfare" through its Guaranteed Income […]

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A new study on guaranteed basic income by OpenResearch revealed the ups and downs of giving people cash with no strings attached. Guaranteed income helps with financial flexibility: Study newsnationnow.comGuaranteed income helps with financial flexibility: StudyThe idea of basic income has been floated by some of the world’s richest people, including OpenAI CEO Sam Altman.

All reactions:10098 comments5 sharesLikeCommentShareMost relevantRicky DubuissonWith the current debt at 35 trillion, the next step is a depression. All the free stuff will be gone at once. Think about that people. 7h7 hours ago Tony CarranzaDidn’t we just try this with the […]

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Jul 27, 2024 — 5 min read

Earlier this week, I attended The BIG Conference , where OpenResearch presented results by Vivalt et al. from their three-year study of people who received unconditional money. Unsurprisingly, the study participants became less inclined to work jobs.Noah Smith, among others, interpreted this as bad news for Universal Basic Income. But the key insight that the Noah Smiths of the world seem to be missing is that, in today’s world, we artificially elevate labor demand to keep people employed. UBI means not having to do that anymore. When we create jobs […]

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Real poverty in the United States is largely confined to those individuals who suffer from mental illness or are habitual criminals. Research shows that the U.S. has effectively eliminated true poverty.

The problem is that politicians still support the welfare state and the Democratic Party wants to dramatically expand the welfare state. Voters need to say “no more welfare.” Tear down the welfare walls that trap generations in cultures of poverty. Welfare perpetuates poverty.

This month, three new papers from the National Bureau of Economic Research reached the same conclusion: more welfare does not break the poverty cycle. The papers also […]

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