Universal basic income is 'straight out of the Karl Marx playbook,' financial guru Dave Ramsey says (www.businessinsider.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[-] [email protected] 22 points 1 week ago

OK so this is bullshit and dave ramsey is a moron.

Here is a qualitative meta-analysis performed by Stanford in 2020 looking at 16 different Universal Basic Income studies. Beware, it's a PDF. Here's their website : https://basicincome.stanford.edu/research/ubi-visualization/

"The evidence from diverse interventions in low-, middle-, and high-income contexts indicates minimal impact on aggregate measures of labor market participation,3,5,6 with some studies reporting an increase in work participation.11 When reductions do occur, time is channeled into other valued activities such as caregiving."

Every single study that's ever been performed on UBI has shown a steady level of labor participation, or an increase in it. Any drop, was by a family that now could afford to have a stay at home parent.

this post was submitted on 03 Jul 2024

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