Seattle gave low-income residents $500 a month no strings attached. Employment rates nearly doubled.
As a right winger, I support this approach. Investing into people for a certain amount of time (so they can start working, thus paying taxes and contributing to the economy) will eventually pay off.
It pays off immediately. The return on investment can literally be seen almost instantly. The problem with UBI in an unregulated market is that “inflation/price gouging/collusion” will begin immediately. It’s just like student loan forgiveness, the benefits are immediate but if you don’t fix the underlying cause, your actual return it’s massively minimized due to the very bullshit that necessitated the fix.
@Bakkoda @theotherverion SNAP drives food prices, and this time around to some degree, interest rates.