Author Topic: Government Day-to-Day  (Read 53263 times)

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Offline eyeball

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Re: Government Day-to-Day
« Reply #810 on: November 20, 2020, 05:09:45 pm »
You haven’t needed to look at any data so far to form an opinion that it’s a terrible idea....  why start now?

 https://en.m.wikipedia.org/wiki/Basic_income_pilots

Here's another basic income experiment.

Quote
A Canadian charity recently conducted a bold social experiment: giving people experiencing homelessness a one-time cash infusion of $7,500.

According to the researchers, the results were "beautifully surprising."

Those who were given the cash largely spent the money on food, rent, and transportation and moved into stable housing faster over the course of the year, according to the findings. Spending on "temptation goods," such as drugs, cigarettes, and alcohol declined by 39%, on average. And recipients were able to keep an average of $1,000 in savings, according to Canadian news outlet CBC.

The cash payment saved the shelter system $8,100 per person over the course of the year, a total savings of $405,000.

https://www.businessinsider.com/canadian-basic-income-experiment-gives-homeless-people-cash-2020-10