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$750 a month, no questions asked, improved the lives of homeless people
(www.latimes.com)
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this post was submitted on 21 Dec 2023
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Giving people money improves their quality of life?
Who would have guessed?
Of course, but it's not a very good experiment for a mass rollout. On a mass scale I hypothsize it will diminish motivation to find a job, thereby reducing the number of taxpayers, and that leads to the big question: who are you taking this money away from? 9 times out of 10 it's middle class folks. 1%ers and corporations can afford to spend the money to get every single tax break, so middle class without those resources will end up paying most of the bill.
Luckily every study at every scale on UBIs has not found any loss in motivation. What it actually has shown is people use the financial breathing room to train up and get better jobs, thereby societally paying back more than they put in, in the long term. The kind of society that can implement UBI can also tax the rich intelligently and fairly.