> In your 20’s it unlocks taking big risks and swing for the fences. YC bets in this, for example. What can ambitious kids do when they don’t need to worry about money?
That might be true for maybe 5-10% of 20-somethings. The rest will blow it.
> That might be true for maybe 5-10% of 20-somethings. The rest will blow it.
It feels like everyone that has an anti-UBI position has access to a lot of research that no one else can see - or they're just unwilling to read or accept the results of every study / bit of research actually done on the topic.
Either it is never universal, and / or participants know that it isn't going to last long (limited duration study) so they have different motivations than someone who will actually receive UBI.
Every study basically has the same (obvious and not useful) conclusion: people like getting money. Any conclusion beyond that (specific to UBI) isn't supported.
Every person’s story is different. People are resourceful.
If $150 a month can make people’s lives better, in a state that doen’t issue its own currency, imagine what phasing in a UBI for everyone in USA can do, gradually and increasing. And that’s the point.
USA will have to print money anyway to service their sovereign debt. So may as well give it out as a UBI over 40 years first, then tax it and pay the treasury holders. Think about it!
I think the issue is that it'd be really hard to test experimentally. Basically you'd have to give a select group of people UBI for life and do a 40+ year long longitudinal study.
So just so I'm clear: because some people, somewhere, will take UBI and blow it on college beer parties, which definitely won't happen otherwise, but because of that, every person who doesn't grow up at least semi-privileged gets the on-ramp directly onto the lifetime debt treadmill?
That might be true for maybe 5-10% of 20-somethings. The rest will blow it.