Seattle gave low-income residents $500 a month no strings attached. Employment rates nearly doubled. - eviltoast
A guaranteed basic income program pilot in Seattle gave 102 low-income residents $500 monthly. Employment among the participants nearly doubled.
  • A Seattle basic income pilot gave low-income residents $500 a month, nearly doubling employment rates.
  • Some participants reported getting new housing, while others saw their employment incomes rise.
  • Basic income pilots nationwide have seen noteworthy success, despite conservative opposition.
  • Wiz@midwest.socialEnglish
    3·
    7 months ago

    I love the idea of UBI, but I worry about capitalists slurping up all the money if this is indeed done with the “U” (Universal) in mind.

    I think it needs to be paired with a pretty steep tax on the top end, so yes - maybe Mr. Monopoly suddenly raises rent rates as much as the UBI on his tenants, but he’s being taxed heavily on that, and the money is being funneled back down to the bottom which will raise UBI. It needs to be a losing proposition for Mr. Monopoly.

    We just went through an inflation cycle where most every business decided en masse to raise prices to increase profits and no other particular reason. We need to be taxing corporations as well, so that actual eating & breathing “people” can live.