28 July 2022

Universal Basic Income Makes Things Worse

Don't expect the Left to let go of Universal Basic Income (UBI). It sounds good. New Study Sledgehammers Universal Basic Income Arguments

The experiment was conducted from July 2020 to May 2021. On average, the subjects were earning roughly $950 a month while receiving another $530 in food stamps and other government benefits. A little over half were unemployed and 80% had children.

Over a 15-week period, participants were periodically surveyed about their financial, physical and mental health. Across a wide range of financial and non-financial attributes, researchers found no positive effects on those who received free money -- but plenty of negative ones.

The easy one is that handouts lead to less earned income. Why bother to work? But there were some less intuitive results:

  • Worse sleep
  • Worse physical health
  • More anxiety
  • More loneliness

There are more than I've listed here.

Though it's illuminating, don't expect this Harvard-Exeter study to divert lefty-authoritarians from their quest to cultivate greater dependence on programs that redistribute wealth from the most productive to the least productive.

It sounds good, and promotes dependence on the government. The Left will never let it go.

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