Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
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Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#2> “The trolls I’ve been dealing with on social media and in real life have very racialized views of how this is going to work,” Mr. Tubbs said. “As the first black mayor of this city, it would be very dangerous if the only people to get this were black.”
> He wants to select participants who are most likely to spend their money wisely, generating stories of working poor people lifted by extra cash.
Well, that's pretty worthless.
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#3As related material that folks here might appreciate: Andrew Yang’s (founder of Venture for America) recent book “The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future” lays out a compelling argument for UBI, given the rise of automation and AI, as well as current economic and cultural shifts.
Yang is also running for president 2020 on a UBI platform, dubbed the freedom dividend.
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#4> “The trolls I’ve been dealing with on social media and in real life have very racialized views of how this is going to work,” Mr. Tubbs said. “As the first black mayor of this city, it would be very dangerous if the only people to get this were black.” > He wants to select participants who are most likely to spend their money wisely, generating stories of working poor people lifted by extra cash. Well, that's prett…
It's worthless if this is another one of the experiments that certain people always insist we need to actually validate Basic Income's tenets.
It's brilliant if you're trying to demonstrate to people with deeply-held beliefs against BI that the principles actually work in real life.
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#5I think removing red tape and allowing people to pay for things they need right now is an excellent way to speed people's recovery from poverty, but it needs nudges, and those nudges need to be informed by data and empirical evidence. We need to know what people are spending the money on so we know how to target the biggest problems as well as the corner cases.
If you know what the actual problems are and where the money needs to be spent, you don't need to give everyone $10,000. You may only need to give this person $2,000 for this thing, and this person $7,000 for that thing. Giving them all a lump sum is just inefficient, and does not address the myriad edge cases. Collecting data on spending could help provide efficiency.
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#6> “The trolls I’ve been dealing with on social media and in real life have very racialized views of how this is going to work,” Mr. Tubbs said. “As the first black mayor of this city, it would be very dangerous if the only people to get this were black.” > He wants to select participants who are most likely to spend their money wisely, generating stories of working poor people lifted by extra cash. Well, that's prett…
It wouldn't really be UBI, but still worthwhile data for programs with work requirements.
I'm rather fond of the idea of work based programs. For example, for every $1 of W2 income you earn you receive $1 bonus, up to a cap of say $7,500.
This boosts wages on the low end and strongly encourages employment. Funding this through income taxes and you won't have to kill off risky / low profit small business with local living wage requirements.
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#7> “The trolls I’ve been dealing with on social media and in real life have very racialized views of how this is going to work,” Mr. Tubbs said. “As the first black mayor of this city, it would be very dangerous if the only people to get this were black.” > He wants to select participants who are most likely to spend their money wisely, generating stories of working poor people lifted by extra cash. Well, that's prett…
I agree. It's just any other welfare system unless it's distributed universally or randomly
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#8I thought it is talking "California City" but Stockton.
https://goo.gl/maps/o8fp1f18Hf32
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#9NPR did a good piece about the non-profit mentioned in the article: https://www.npr.org/sections/goatsandsoda/2017/08/07/5416096...
Re: Free Cash to Fight Income Inequality? Stockton, CA Is First in US to Try
#10> “The trolls I’ve been dealing with on social media and in real life have very racialized views of how this is going to work,” Mr. Tubbs said. “As the first black mayor of this city, it would be very dangerous if the only people to get this were black.” > He wants to select participants who are most likely to spend their money wisely, generating stories of working poor people lifted by extra cash. Well, that's prett…
It wouldn't really be UBI, but still worthwhile data for programs with work requirements. I'm rather fond of the idea of work based programs. For example, for every $1 of W2 income you earn you receive $1 bonus, up to a cap of say $7,500. This boosts wages on the low end and strongly encourages employment. Funding this through income taxes and you won't have to kill off risky / low profit small business with local li…
How would you structure that bonus if you get a promotion that takes you to 7,501? You would get an impressive pay cut. If you structure it like taxes where only the first 7.5k get doubled then a bunch of people that don't need it will also get free money making the program cost more.