Stories
Slash Boxes
Comments

SoylentNews is people

posted by janrinok on Monday September 12 2016, @03:31AM   Printer-friendly
from the here,-take-my-money dept.

The idea of giving people free money is so radical, even some recipients think it's too good to be true.

Later this year, roughly 6,000 people in Kenya will receive regular monthly payments of about a dollar a day, no strings attached, as part of a policy experiment commonly known as basic income.

People will get to use the money for whatever they want: food, clothing, shelter, gambling, alcohol — anything — all in an effort to reduce poverty.
...
But instead of accepting the cash transfers with open arms, many Kenyans have recently been saying "No, thank you." It's a legitimate concern: As GiveDirectly moves into its larger basic income experiment, the last thing it wants is for people to turn down the money.

Basic Income is a concept often mentioned on SN, and this is an experiment to do exactly that. Many potential recipients of the basic income are skeptical about the goals of the experiment, though, and rumors have arisen that it's tied to a cult or devil worship.

Opponents of such wealth transfers argue they lead to indolence, while another school of thought believes they would reduce poverty and directly produce economic stimulus because the poor would immediately spend the money.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 1) by UncleSlacky on Monday September 12 2016, @07:45AM

    by UncleSlacky (2859) on Monday September 12 2016, @07:45AM (#400563)

    Fiat currencies don't real?

  • (Score: 0) by Anonymous Coward on Tuesday September 13 2016, @12:13AM

    by Anonymous Coward on Tuesday September 13 2016, @12:13AM (#401029)

    Thats for buying bombs to kill people not for food

  • (Score: 2) by BK on Wednesday September 14 2016, @04:41PM

    by BK (4868) on Wednesday September 14 2016, @04:41PM (#401878)

    An honest answer at least. So this can only work at the level of monetary governance... not a policy option for an EU "nation"?

    --
    ...but you HAVE heard of me.