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A comment on UBI Would Likely Increase Poverty Rather Than Reduce It (2019). Parent comment

Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by jerojero on Monday October 10, 2022 @07:22PM (#33157552)
Iirc there was a pilot done in South Korea where they gave citizens of a town a kind of UBI but it was only spendable on local stores. So you couldn't use it to buy online on amazon for example.

I haven't followed up but you're right in pointing out this problem of money syphoning.

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by ryandrake on Monday October 10, 2022 @09:19PM (#33158348)
What about where the local shopkeeper spends it? Unless that money permanently carries around with it a "local only" bit, as soon as it is spent once, it's likely eventually getting sucked out to Amazon, Walmart or one of the world's other "wealth gravitational singularities".
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