The Mincome experiment in Canada is relevant.
Is it? That experiment didn't involve that much money (if I'm reading the Wikipedia table right, between $3,800 and $5,500 annually) and explicitly reduced the payment if you were working -- so it looks more like welfare (granted, of the no-questions-asked kind) and less like UBI to me.
But there is a bigger question: what is a "not a bad outcome"? Obviously, if you pump external money into a community, that community's life will get better. But on the scale of a country, there is (usually) no external money, so you are just redistributing money from some people to some other people. At this point the issue is, basically, economic efficiency. If you give $X to a group of people, what happens to their economic output? If it did not grow by at least $X, well, you can justify this transfer by a variety of moral arguments (justice, fairness, etc.), but there is no economic justification -- the "achieving more that way" part does not work.
Subscribe to RSS Feed
= f037147d6e6c911a85753b9abdedda8d)
That's a pretty major thing that routinely gets only vaguely handwaved at. What does "really, really low" mean, in numbers? "Comfortable living" is a very ill-defined measure and not usually associated with "really low" income, anyway.
Really really low basic income already exists, for example all residents of Alaska get a "dividend" each year which varies somewhere around $1,000-2,000. Presumably, UBI would be greater, but how much greater?
Well, Alaska is not really a low-cost-of-living place so these folks might have to move, but something not much greater than that could work well. Maybe $8k/yr, if you posit a few hundred dollars per month for shelter (a ballpark approximation to the cost over time of either a shared room or a cheap mobile home), something in the same ballpark for food, and the remainder for keeping an emergency fund, pursuing the occasional amenity and having a reasonable safety factor to fall back on.
David Friedman argues that people could in fact live on what you get for the Alaska dividend (though, again, not in Alaska) and have money left to spare, but it's not clear that his scenario really covers people's 'basic needs' (as defined e.g. by Maslow's value hierarchy) especially in the long term.