Jul 20, 2020
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If you give a bunch of people free money, what do you think they’ll spend it on?…

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Must you give a bunch of people free money, what do you suppose they’ll spend it on? 💰⁠

Probably you assume they’d blow all of it on frivolous shopping for purchases and opulent steak and lobster dinners. At least, that’s what critics of a standard elementary earnings (UBI) argue.⁠

Nonetheless it appears, must you give people a month-to-month stipend, they’ll apply it to groceries, utility funds, and the “necessities” — in keeping with data from a check out program of UBI in California. For 18 months, 125 people in Stockton, CA, acquired $500 a month to spend on one thing they wished — and most used it to cowl the payments of their home and households. No lobster dinners to be found. Faucet the hyperlink in our bio to study additional on Futurism. 💸⁠

#universalbasicincome #money #authorities #evaluation #capital #funds #science #know-how #UBI #earnings #funds #accounting #data #futuresociety #futurism

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Comments to If you give a bunch of people free money, what do you think they’ll spend it on?…

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