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RedDeerGuy1's avatar

Does universal basic income work?

Asked by RedDeerGuy1 (17501points) August 29th, 2018

What countries have tried it? What are the findings so far? Do the users booze it away? Or do they use it for rent and food?

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4 Answers

LadyMarissa's avatar

Iran tried it back in 2011. Go here for the results.

Caravanfan's avatar

Here is a good, balanced article on Cato on the subject. Bottom line is that it’s not clear. The users do not appear to “booze it away”, but the economic benefits are mixed.

https://www.cato.org/publications/commentary/universal-basic-income-disease-or-cure

ARE_you_kidding_me's avatar

I think it could work under the right circumstances, it’s going to become more of “a thing” in the next 25 years.

elbanditoroso's avatar

No. All it does is raise the poverty level by a little bit. Prices adjust over time to higher levels.

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