What If Everyone Got a $1,000 Check Every Month From the Government?

What would you do with an extra $1,000 per month? For a lot of Americans, it would go straight into the bank — either toward an IRA, an emergency fund, or some stocks and bonds. For even more of us, however, it would probably go toward some type of frivolous spending. We’d probably go out and make some ridiculous purchases, or go on vacation. That, interestingly enough, is actually what would be intended if the government was handing out checks. Under a national basic income program, that’s exactly what would happen, too.

We’ve written about basic income before. And while […]

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