Social Experiment; A few dozen Oakland residents to get $2,000 per month, no strings, for a year.

[Aufheben]

brazil already has a poverty program similar to this and its been wildly successful

 

[Mr. Manhattan]

Longer lines for those new Jordans

 

[Barnett114]

Cacs on time with the Jordan memes

 

[MegaTronBomb!]

brazil already has a poverty program similar to this and its been wildly successful

Brazil aint exactly the best example to use here breh.

 

[Slystallion]

I mean judging how people spend their refund checks...i'm going to guess this is going to fail misreably...

people aren't going to change their mentality to lift themselves out of poverty with just 24k...only thing that will happen is people will have new furniture tv's clothes and shoes by the time the year is up and be in the same shyt position next year with a few more shiny new things

 

[MegaTronBomb!]

Instead of giving them money, why not give them free education/skills training

What good is an education or skills, when you don't have the means to take advantage of them? Or if the free education/skills training is only offered at times/places so inconvenient that it's counterproductive to take part in them?

 

[Edub]

This is great actually....minimum living allowances ensure governments don't get foolish with excessive cash (think about our current deficit). It also forces economic education to become understood by the masses, which also is good, because that hinders wide level corruption like the 08 housing crises. Prison levels drop, tax revenue increases (finally not only from the wealthy) and crime drops considerably. But before this happens a considerable debt relief program should be installed. But Britain's exit from the EU and Greece and Dominican republics bankruptcy situations have already started the process for that.

 

[MegaTronBomb!]

I mean judging how people spend their refund checks...i'm going to guess this is going to fail misreably...

people aren't going to change their mentality to lift themselves out of poverty with just 24k...only thing that will happen is people will have new furniture tv's clothes and shoes by the time the year is up and be in the same shyt position next year with a few more shiny new things

There is a learned mindset among poor/ impoverished people that when they get more money than they're used to normally having... to spend it on SOMETHING, because if they don't it'll whittle itself away and they'll have nothing to show for it.

I guess they're planning to "randomly" select people who are already doing community betterment projects with the little money they have...just to show that it could work.

 

[Blackout]

When tech advances enough and we are able to use it to have renewable resources this kind of thing will become common.

Well unless those at the top ruin it all by being sadistic and purposely try to keep the greedy ways of old.

 

[Blackout]

I mean judging how people spend their refund checks...i'm going to guess this is going to fail misreably...

people aren't going to change their mentality to lift themselves out of poverty with just 24k...only thing that will happen is people will have new furniture tv's clothes and shoes by the time the year is up and be in the same shyt position next year with a few more shiny new things

The usual talk from a spoiled white guy.

Try it first and then we can deal with what happens and refine it.

Not trying anything at all is counterproductive.

 

[Yagirlcheatinonus]

I see whats going on here...Who says the people they gave the money to were black?
Maybe just maybe they were white or mexican I mean trailer-parks are still around right?

 

[FruitOfTheVale]

They made a fellowship program similar to this up in Richmond (California) only it was used to incentivize youth they had identified as being heavy in the streets to stay out of trouble. They paid them between $300 and $1,000 a month to positively reinforce safer behaviors and the program was credited for playing a significant role in the decline of Richmond's homicide rate.

For those interested to read about that fellowship program in Richmond:

Did this city bring down its murder rate by paying people not to kill?

I'm from Oakland and know a lot of people this program could benefit in a huge way... Most of y'all are clearly are not aware of how big of an unprecedented economic shift has been going on in the Bay Area. A lot of folks' rents in Oakland have literally tripled in less than 5 years even in the worst hoods and it's only going up, this could help a lot of communities fight against being uprooted by the freak economy that is Silicon Valley.

 

[Blackout]

What good is an education or skills, when you don't have the means to take advantage of them? Or if the free education/skills training is only offered at times/places so inconvenient that it's counterproductive to take part in them?

Agreed.

They dont understand how complex it is to get someone from being homeless to a stable life.

It would be nice if everybody who says that crap would try taking a homeless person off of the street and experiencing the process of feeding them, cleaning them up and getting them ready for the lifestyle change from not caring how you look and act to the etiquette of the academic and job world.

Some naive people in this thread.

 

[Deutsche Bank]

I've long been a fan of basic income. Very interested in seeing how this turns out.


Irrelevant. They are not printing money, rather they are shifting money from one group to another. No need to worry about hyperinflation. Basic income is one of those issues that are supported by people on both the right and the left.
The Conservative Case for a Guaranteed Basic Income - The Atlantic
Martin Luther King's Economic Dream: A Guaranteed Income for All ...
In practice, you would do away with many of the government programs that provide benefits to people and you'd give them money instead. You would turn poor people into consumers, and thus give them a voice in the economy. Ideally, they would spend the money where they live, providing jobs and work for their community. The multiplier effect would kick in (The multiplier effect - Economics Online)and it could ultimately lead to revitalization of the impoverished area. This is all theory though. That's why many people are interested in seeing how this turns out. If things go well, the next step would likely to do it on a larger scale.

Also the question about socialism or philanthropy is also irrelevant. What percentage of federal budget expenditures are transfer payments? - Quora. In 2012, 2.42 trillion dollars of money transfers was done by the government. The time for debating whether or not we should transfer money has passed. The question now is what is the most efficient way to get it done.

There isn't going to be any "lifting people out of poverty". Those days are done. The wealth disparity will just widen until the market explodes and 99.99% of the population is lower class.

You can't implement significant tax cuts without fukking up the budget and blowing up bonds. You can't hike up taxes to redistribute wealth to the serfs without either causing civil unrest, or inflation that would lead to civil unrest. And you can't reneg on trade deals to bring jobs home without inciting revolutions abroad and destabilizing foreign "allies".

This, like our 2016 election, is just happy sunshine shyt being sold to poor people who don't know any better for votes. Oh there will be socialism, but it is not going to be the type of Nordic finger up our ass bicycling through the park socialism they are telling you about at the community center.

 

[Deutsche Bank]

fukk you talking bout

Basic income is just practice runs for helicopter money.