The linked article makes a reasonable case for giving free money to homeless people. Yes, it sounds warm and fuzzy and compassionate. The study only looked at the good side, but this idea can't work at scale.
Free money attracts jews and other scammers. If this were to be implemented at scale, the homeless population would explode very quickly until funds dried up. If the US taxpayer treasury started funding it, the program would instantly become UBI and soon, everyone would be on it. Then, hyper inflation would ramp up making the money appear to be paltry. This would cascade to the entire population because, now, no one could afford to live within their means because the UBI would distort the economy more than it is already.
So, while the experiment seemed a success, it will not scale.
The linked article makes a reasonable case for giving free money to homeless people. Yes, it sounds warm and fuzzy and compassionate. The study only looked at the good side, but this idea can't work at scale.
Free money attracts jews and other scammers. If this were to be implemented at scale, the homeless population would explode very quickly until funds dried up. If the US taxpayer treasury started funding it, the program would instantly become UBI and soon, everyone would be on it. Then, hyper inflation would ramp up making the money appear to be paltry. This would cascade to the entire population because, now, no one could afford to live within their means because the UBI would distort the economy more than it is already.
So, while the experiment seemed a success, it will not scale.
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