- 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.
@Bakkoda @theotherverion
It’s actually kinda weird how fast and how clearly it pays off, and at what rate of returns. There is no short term economic reason to not do this. The medium term inflationary issues are a potential problem, depending on how much is given out, but typically less than it seems. It turns out the image of ‘they just collect free money and do nothing’ isn’t a thing.
Not saying there are no hurdles possible. But the standard objections are just wrong.