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UBI Cash Payments Reduced Homelessness, Increased Employment in Denver
(www.businessinsider.com)
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this post was submitted on 06 Oct 2023
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Every single study on UBI finds that it is a good idea that benefits both the recipients and society as a whole, but because it contradicts the dominant ideology it can't be allowed to happen.
I've yet to see a study at a scale large enough to impact the local economy. Will the results hold when everyone gets monthly cash payments, or will rent go through the roof and that's about it?
That's about it. Why would anyone work for $20k/yr when they could get $12k for free? They wouldn't. So those jobs would bump to $30k+, and a domino affect would occur. Nothing would be achieved other than the devaluing of the American dollar, which would lead to a loss of jobs, increased poverty, and guess what else - increased homelessness.