Logen Kain on Nostr: Basic income would have to apply only to people earning below a certain threshold, ...

Basic income would have to apply only to people earning below a certain threshold, much like various welfare programs work today.

I imagine without that restriction, inflation would go wild. But it's hard to say.

The Canadian mincome experiment found that it drove people away from poverty, towards healthy relationships, and toward education. But the experiment was restricted to a specific area. A single town iirc.

We have found value in giving money to people stuck in negative poverty cycles, and we need to study that more.

However, for an entire nation earning a basic income, even if abolishing other welfare sources such as food stamps and minimum wage?

There's no way to test that without going all in.