Author Topic: California ‘basic income’ experiment fails to provide ‘financial independence,’ study finds  (Read 76 times)

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Offline rangerrebew

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California ‘basic income’ experiment fails to provide ‘financial independence,’ study finds
Fox News
Joshua Q. Nelson
Thu, April 23, 2026 at 9:00 PM EDT
 
A California guaranteed income pilot program intended to lift families out of poverty failed to lead participants to long-term financial independence, according to a new study from researchers at the University of California, Davis.

The Yolo County Basic Income (YoBI) program provided "no-strings-attached" cash assistance to a highly targeted group of at-risk residents.

While the payments served as a temporary lifeline, researchers found that, for the "significant majority" of participants, the program was not enough to break the cycle of poverty.

"While [Basic Income] reduced some of the immediate urgency around money and allowed families some stability, most participants still had unmet financial needs," the study reported.

https://www.aol.com/news/california-basic-income-experiment-fails-010045501.html?utm_source=copilot.com
« Last Edit: April 25, 2026, 10:28:36 am by rangerrebew »
"A great civilization is not conquered from without until it has destroyed itself from within. " -- Ariel Durant

Offline Idiot

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California ‘basic income’ experiment fails to provide ‘financial independence,’ study finds
Fox News
Joshua Q. Nelson
Thu, April 23, 2026 at 9:00 PM EDT
 
A California guaranteed income pilot program intended to lift families out of poverty failed to lead participants to long-term financial independence, according to a new study from researchers at the University of California, Davis.

The Yolo County Basic Income (YoBI) program provided "no-strings-attached" cash assistance to a highly targeted group of at-risk residents.

While the payments served as a temporary lifeline, researchers found that, for the "significant majority" of participants, the program was not enough to break the cycle of poverty.

"While [Basic Income] reduced some of the immediate urgency around money and allowed families some stability, most participants still had unmet financial needs," the study reported.

https://www.aol.com/news/california-basic-income-experiment-fails-010045501.html?utm_source=copilot.com
Give them more money...that will do it.  *****rollingeyes*****

Offline The_Reader_David

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The problem is as long as an experimental basic income is done in the the context of the existing means-tested poverty programs, it can't "break the cycle of poverty".  There is still an effective confiscatory tax on earnings from a job in the form of lost means-tested benefits, so people living on the dole won't take jobs.

A proper universal basic income (paying people whether they work or not) has to replace all means-tested poverty alleviation programs (which pay people not to work).  Once there is no loss of benefits from working, people on the dole (which would be literally all of us if a real UBI were instituted) still have an incentive to take jobs, because with a job one gets more than the basic income.

There is a reason Friedrich Hayek, one of the most savage critics of socialism (cf. his majestrial The Road to Serfdom, regarded a UBI as the only economically sound way to succor the poor with tax revenue:  it does not distort the labor market at the bottom end the way means-tested programs do.
And when they behead your own people in the wars which are to come, then you will know what this was all about.

Online DB

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How about if you are able bodied you go hungry if you don't want to work?

How about free beans, rice and basic bread and nothing else. Don't like it, earn something else.
Those who can be made to believe absurdities can be made to commit atrocities. --Voltaire