A Democrat running for president in 2020 is testing a basic income proposal by giving $1,000 per month to a family
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Basic Income works!
The goal of a basic income system is to allow every person to have a fair chance at an adequate quality of life. It is a way to combat income inequality and ensure that each citizen has enough money on which to live.
https://www.investopedia.com/terms/b/basic-income.asp
Economists Damon Jones and Ioanna Marinescu found an example of a truly universal, unconditional transfer — the Alaska Permanent Fund. Since 1976, a percent of the revenues from natural resource extraction in Alaska is paid out to all state residents. This acts just like a universal basic income. In research presented at the American Economic Association meeting earlier this month, Jones and Marinescu compared Alaska to other states, and found that the introduction of the fund had no effect on employment in Alaska (though interestingly, it did cause a small shift from full-time to part-time work).
“Never argue with a fool, onlookers may not be able to tell the difference.”
~Samuel Clemens -
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