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Items tagged with: BasicIncome

Fresh basic income pilot results, this time from Arlington, Virginia where 200 people got $500 a month for 2 years. The findings:

Employment INCREASED by 16%, and their incomes from paid work INCREASED by 37%. The control group saw no such gains.

Nearly three-quarters of the treatment group also reported improved mental and physical well-being and an increased sense of control, compared to the control group.

https://www.arlnow.com/2024/02/06/report-arlingtons-first-guaranteed-income-pilot-boosted-quality-of-life-for-poorest-residents/ #BasicIncome

Report: Arlington’s first guaranteed income pilot boosted quality of life for poorest residents | ARLnow.com

Results from Arlington's first guaranteed income pilot reveal that an additional $500 per month significantly enhanced the quality of life for impoverished families.
James Jarvis (ARLnow.com)
#BasicIncome

I want to create a kind of #BasicIncome without waiting for the government to do it. It would fund itself via capitalism, like this:

1) buy stocks
2) the stocks generate profits
3) reinvest enough to match inflation
4) give the rest to random people

I'm very interested in your thoughts about this scheme.
#BasicIncome

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