Uplifting News

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It's one of the biggest experiments in fighting global poverty. Now the results are in (www.npr.org)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

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It's an unprecedented – and massive – experiment: Since 2017 the U.S.-based charity GiveDirectly has been providing thousands of villagers in Kenya what's called a "universal basic income" – a cash grant of about $50, delivered every month, with the commitment to keep the payments coming for 12 years. It is a crucial test of what many consider one of the most cutting-edge ideas for alleviating global poverty. This week a team of independent researchers who have been studying the impact released their first results.

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[–] [email protected] 1 points 11 months ago* (last edited 11 months ago) (1 children)

Any ubi experiment will have positive outcomes but when the bi is truly u, you will see inflation in a capitalist system. My hope is we use this knowledge to transition away from the false scarcity of our current systems.

[–] [email protected] 14 points 11 months ago (1 children)

In a Western setting, for this to work as intended you also have to knee cap billionaires with a wealth tax and break up mega corporations. No single human being needs or has any use for the equivalent of a billion dollars. Those who hoard wealth hurt economies by depriving society of monetary liquidity and productive transactions. So, they should pay for the damage they cause with progressively higher taxes. Mix this with UBI and you'll see literally no inflation and a healthier more resilient economic system where people are happier, healthier and more productive. But this is socialism or something, so the US would rather drag the world back to the stone age than to give money to a homeless person.

[–] [email protected] 1 points 11 months ago

I agree with this. It's going to take generations to accomplish.