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California recently started a Universal Basic Income Program (UBI) but, it is too early to tell if it will actually help reduce homelessness or instead cause a
by dementis 4y ago
California recently started a Universal Basic Income Program (UBI) but, it is too early to tell if it will actually help reduce homelessness or instead cause a concentration of the US homeless population to migrate to California.
https://www.cdss.ca.gov/inforesources/guaranteed-basic-income-projects https://www.cdss.ca.gov/inforesources/guaranteed-basic-incom...
This article is from July[2022] and it has a more global review of UBI type programs that have been tried in the past or are currently in progress(Kenya for example).
https://www.moneycrashers.com/pros-and-cons-universal-basic-income/ https://www.moneycrashers.com/pros-and-cons-universal-basic-...
- scarmig 4y agoCalifornia is trialing a guaranteed basic income, which is very different from a UBI. The latter is universal, while a GBI is conditional. Conditional money grants gated on income invariably create high marginal tax rates, as a dollar can result in no net increase in take home income.