Pennies to him but give him credit for putting up $14M of the $60M spent of his own money 5 years ago to do this. Results are about what I would expect for the level of support and the targeted demographic that I grew up in. I do not know how this would project with larger subsidies across larger groups. I think Saudi Arabia on a large scale or maybe locally Seminole Indians are a good example of a basic income when there is enough income to support a lifestyle. If AI generates income while displacing workers, should any of that income be distributed to the people or should it all go to the corporations that create and foster it?? Sam Altman's Basic-Income Study Is Out. Here's What It Found. - Business Insider It officially began in 2019 when 3,000 Texas and Illinois residents across urban, suburban, and rural areas enrolled. All of these residents had incomes below $28,000. A third got $1,000 a month for three years, while the rest — the control group — got $50 a month. No enrolled participants lost their existing benefits. The study found that those who received the $1,000 payments increased their overall spending by an average of $310 a month, but most of that spending went toward food, rent, and transportation. They also offered more financial support to others in need compared with the control group. Researchers, however, said they found no "direct evidence of improved access to healthcare or improvements to physical and mental health" among those who received $1,000 payments. "We do see significant reductions in stress, mental distress, and food insecurity during the first year, but those effects fade out by the second and third years of the program," the report said, noting that $1,000 a month could only do so much. "Cash alone cannot address challenges such as chronic health conditions, lack of childcare, or the high cost of housing."
A lot of interesting things here to digest. But I think the bottom line is 12000 a year is almost nothing, going from like 27 to 39 in a year was probably a big help for these people but at 39k a year you’re probably still hugely financially stressed. Further, 3 years really isn’t long enough to address the housing issue at these income levels.
the only thing is it’s not generalizable to the average American living below poverty. I mean, it can probably tell you something but not enough. That would be my guess without being an expert in this literature.
