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Re:Basic income would not reduce people’s willingness to work by jeffbee on Monday January 17, 2022 @02:06PM (#29970412)
In the U.S. that would be a very good outcome. 15% of American households experience food insecurity. We absolutely want these people to spend it, not save it.

Even stimulus checks that were small and arrived irregularly had a huge impact on hunger in America. $1000/mo on the regular would be revolutionary.

Re:Basic income would not reduce people’s willingness to work by burlesona on Monday January 17, 2022 @02:49PM (#29970936)
Maybe, but I think the fact that they could be planned for / assumed would mean the benefit would have a high risk of quickly disappearing into inflation and rent-seeking.

In the case of rent in particular, there would be no reason for any landlord to take less than $UBI if there was a guaranteed monthly payment from the government.

Unexpected or unpredictable cash influx almost always makes things better because people know they can’t “count on it” and they use it for savings or to fix problems they had been unable to fix, rather than “live off it.”

To put that differently: what most people really need is margin to handle the unexpected problems in life. But living below your means to create margin is hard, even for high-income people! Doubly hard when you are low income. So unexpected cash is more beneficial than expected cash, precisely because it is unexpected and therefore inherently “margin.”