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by deciplex
4103 days ago
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> If giving people in poverty money was the fix, we would be done. No, we wouldn't, because we don't do that. > The system right now incentivizes people to stay in poverty. The "cliff effect", where government benefits decrease faster than gains in earnings, keeps many people from getting out. Basic income avoids this utterly. |
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>Basic income avoids this utterly. Not quite. If you give it to everyone the individual amount will be lower. $1k a month won't even make a dent. It would need to be closer to $3k a month to get close to the combined benefits people can get. That's around $900B a year.