Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by chrisseaton on Thursday May 21, 2020 @09:58AM (#23258394)

But you can’t prove anything about universal income without the universal part. As without it it’s not the same thing and we don’t know if it’ll have the same effects.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by toomuchtodo on Thursday May 21, 2020 @10:01AM (#23258428)

You can approximate. Close enough. It's going to be impossible to implement without testing the concept.

I'm not here to convince you, and if you're not a policymaker or the Fed, I don't have to.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by chrisseaton on Thursday May 21, 2020 @10:10AM (#23258532)

But the 'universal' part is the main thing people including policy makers have an issue with, and that's the bit not being tested.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by toomuchtodo on Thursday May 21, 2020 @11:43AM (#23259799)

Ehh, India is dipping their toes in without going full monty. It can be done progressively.

https://news.ycombinator.com/item?id=23258277 (HN: Indian farmers to get direct cash benefits)

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by toomuchtodo on Friday May 29, 2020 @02:56PM (#23354061)

And now in Spain.

https://news.ycombinator.com/item?id=23351708 (HN: Spain approves national minimum income scheme)

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by renewiltord on Thursday May 21, 2020 @02:36PM (#23262858)

So your posterior probabilities on most things will shift zero post intervention? Interesting.

I'm a UBI opponent, a short term HM proponent, but I think my posterior probabilities would shift depending on the size of the effect and the duration over which the experiment was performed.

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