- A guaranteed-basic-income program in Austin gave people $1,000 a month for a year.
- Most of the participants spent the no-strings-attached cash on housing, a study found.
- Participants who said they could afford a balanced meal also increased by 17%.
A guaranteed-basic-income plan in one of Texas’ largest cities reduced rates of housing insecurity. But some Texas lawmakers are not happy.
Austin was the first city in Texas to launch a tax-payer-funded guaranteed-income program when the Austin Guaranteed Income Pilot kicked off in May 2022. The program served 135 low-income families, each receiving $1,000 monthly. Funding for 85 families came from the City of Austin, while philanthropic donations funded the other 50.
The program was billed as a means to boost people out of poverty and help them afford housing. “We know that if we trust people to make the right decisions for themselves and their families, it leads to better outcomes,” the city says on its website. “It leads to better jobs, increased savings, food security, housing security.”
While the program ended in August 2023, a new study from the Urban Institute, a Washington, DC, think tank, found that the city’s program did, in fact, help its participants pay for housing and food. On average, program participants reported spending more than half of the cash they received on housing, the report said.
Thatchers plan would have worked if and only when:
LAND IS PROVIDED FOR NEW PROJECTS (destination plan on national provincial and local level)
ALL INCOME FROM RENT TO BUY (or similar) IS SPEND ON NEW PROJECTS
ALL PROJECTS ARE GUARANTEED BY THE BUILDER (no excess costs for any reason : sign your profitable contract but then you are obliged to deliver exactly what is promised or you’ll never get another gov project again)
Is the problem with housing really supply, or is it that it’s an unregulated monopoly where land owners are allowed to leverage their monopoly for uncapped profit?
None of it is fault of land owners.
At all Ever.
They don’t even exist in Europe really.
It’s all gov land and destined for something already.
Maybe in usa y o u can blame land owners…
Depends. In Holland it’s very clear, not enough houses are being built for the amount of new/young people needing one.
This is because the destination plans FORCE an area to remajn same usage, business ind, agri, forest/nature, commercial. There is almost no mixing there.
The new projects that do continue are almost always mostly for richer people.
And the poor areas arnt desirable…