Poverty-alleviation programs like food stamps (SNAP), Social Security, and other "welfare" programs are broadly effective at reducing poverty, a new study from University of Chicago researchers found.
The study, performed by researchers Bruce Meyer and Derek Wu, conducted a more comprehensive analysis than most studies, because it used administrative data from the programs' payment records, not just survey data of recipients from the Census Bureau.
[...] For the elderly, Wu said the research found that Social Security benefits "single-handedly slashes poverty by 75%." Social Security's overall effect on all poverty is also enormous, responsible for by far the largest poverty reduction among all these programs, the study said.
(Score: 0) by Anonymous Coward on Wednesday May 30 2018, @12:05AM (1 child)
The cost of the UBI will ensure that there are no more "haves." There is no such thing as public money: just taxpayer money. The government creates nothing but merely redistributes to the lazy and useless what their betters earned.
(Score: 2) by Immerman on Wednesday May 30 2018, @03:00PM
The government is the only reason you can accumulate massive wealth without paying for your own private army to protect it - the entire concept of private property is a human creation.