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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.


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  • (Score: 2) by mhajicek on Monday September 12 2016, @06:56PM

    by mhajicek (51) on Monday September 12 2016, @06:56PM (#400870)

    Software can be duplicated practically for free. You write it once, and then everyone can have it for almost no additional cost, and you also still have it. If a farmer grows enough food for ten families, you take it all and distribute it among 100 families, his family starves. Have you heard of the USSR?

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    The spacelike surfaces of time foliations can have a cusp at the surface of discontinuity. - P. Hajicek
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