Real world tests have demonstrated universal basic income has not accomplished what proponents claimed it would accomplish.
Since there is no such thing as a temporary government program, the U.S. now has a universal basic income program where the government pays people to have kids:
The payments are part of President Joe Biden’s $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to pre-pay the benefits on a monthly basis.
Source: 88% of children covered by monthly payments starting in July | The Seattle Times
Depending on the survey, an estimated 25-50% of those receiving enhanced unemployment benefits are choosing not to return to work because their current benefits seem better than working options. Some saysthis seems to be a real world test of UBI – and it does not need lead to more people working at better jobs.
This child credit comes AFTER the pandemic is likely to have ended.
Last week the FCC announced a program to subsidize home Internet access due to the pandemic. But this FCC program also arrives just as the pandemic will likely be declared over with in the next 1-2 months.
Meanwhile, the effects of significant inflation are seen across the economy. The experts told us the Federal government could print as much money as it needs – without causing inflation – “because it’s different this time”.
