Re:Tell HN: I've been paying for a rural Tanzanian's educati...
by jacquesm on Thursday October 08, 2026 @12:46PM
(#50008207)
Amazing story. And a nice testimony to the asymmetry between earning in one spot and spending in another where a relatively small amount of money can be life changing.
Re:Tell HN: I've been paying for a rural Tanzanian's educati...
by lukehandcool on Thursday October 08, 2026 @01:45PM
(#50009169)
This is a wonderful story. Thanks for sharing.
Re:Tell HN: I've been paying for a rural Tanzanian's educati...
by telesilla on Thursday October 08, 2026 @02:06PM
(#50009552)
Universal Basic Income really works, as you've found.
https://www.cnbc.com/2022/07/15/how-likely-universal-basic-i...
Re:Tell HN: I've been paying for a rural Tanzanian's educati...
by Simulacra on Monday October 12, 2026 @08:08PM
(#50064813)
No, universal base income doesn't work. It doesn't count for extra money in the system. If everyone's getting an extra $500 a month, businesses and everyone else are gonna raise their prices by $500. And you can't stop that without dictatorial control over the market. Additional income helps, but if everyone's getting the same thing, it's just a stimulus checks all over again, which led to inflation. UBI doesn't work at all.
I also did something sort of similar: I had a close friend in Brazil (former roommate when he eas in the US; self deported) who was going through a very difficult time. As an experiment..I gave him $100/month, no strings attached. Blow it on food and games, rent, whatever he wants.
Tl;dr it went very well, his life significantly improved, I did it because he was my friend, I had the money, and wanted to see what would happen.
We Skyped after his shift ended one night and he was very depressed. With a VPN and a credit card I ordered him Dominos to cheer him up. I sent a feast that.. only cost me $10.[1]
Realizing the exchange rate benefit, I got the idea of giving him $100 each month as an experiment; $500 Brazilian Reals.
I wanted to know if the extra money would help and if I could use the exchange rate to help my friend get to a better place in life. Sort of a UBI but not quite.
Now, $100 to me is a bit of money, but 500 BR to him was a crazy amount of money to be given.
Over six months, it allowed him to quit his job at McDonald's, get out of a financially unstable roommate situation, move closer to his family in his own place, and find a better job. He started dating again.
I told him I would commit to a year, but he actually said at the 6.5 month mark that he's doing so well that I don't have to keep giving him money.
Three years later he's still doing great. I have concluded from this that more money in our pocket always helps, but there is a certain responsibility (maybe in general) needed when a gift like that lands in our laps. It can be easy to blow it [2] but just as easy to use it to move life forward.
It has certainly made me more ..aware/appreciative of my privilege and (sometimes fragile) security.
[1]. Two medium four topping pizzas, two 2-litre bottles of soda, breadsticks, and chicken nuggets.
[2]. I was once given a generous stipend from the Student Government of $140 which I did not use for school supplies, rent, or even groceries. Nope. I bought alcohol.