this post was submitted on 06 Oct 2023
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Not quite.
This study involved using one small town, Dauphin, as a a test for what happens when everyone in the population qualifies for the basic income. The study ran out of money long before the researchers originally thought it would, and the majority of the data wasn't analyzed until relatively recently.
New mothers and teenagers weren't required to spend as much time working
Highschool graduation rates went up
And hospitalization rates went down. There were other effects, like small businesses opening during the period of MINCOME and shutting down after, a possible decline in women under 25 having children, but none of this was evaluated for whether it was worth the money or not.
None of those benefits came close to the cost of the program. They ran it for 4 years and the budget yes ran out of money. Could have ran forever because the rest of the country was paying for it but once initiated productively decreased. Likely would have even decreased further but people knew the free money would eventually end.
How do you pay for a program when the local area taxes don't cover it particularly when the tax income actually decreases once instituted?