Sunday, October 13, 2024

UBI

TD Bank pled guilty to money laundering.


***

Death by Lightning has wrapped filming. The upcoming Netflix historical drama, created by Mike Makowsky, is based on the Candace Millard novel Destiny of the Republic and follows the events leading up to the assassination of President James A. Garfield by Charles J. Guiteau. The show is executive produced by David Benioff and D. B. Weiss, the duo behind multiple hit literary adaptations, including HBO's Game of Thrones and co-creating Netflix's 3 Body Problem with Alexander Woo.


***



UBI

Universal basic income (UBI) is a notion that would provide federal cash for everyone, no strings attached. An annual payout to every citizen--age limits to be determined--to guarantee the basic necessities of life.

Comedian Dave Chappelle, a serious guy, thinks UBI would "save my community almost instantly."

UBI activist Conrad Shaw agrees, "You would effectively get rid of extreme poverty immediately."

He says a UBI will help people "start businesses, fix their homes, or invest in sustainable gardens."

Sustainable gardens.

Sam Altman, the guy behind ChatGPT, helped create a test. His big study gave 1,000 low-income people $1,000 per month for three years—no strings attached. What happened?

Not the great things that were promised. After three years of getting $1,000/month, UBI recipients were actually a little deeper in debt than before.

Why? Because they worked less. Their partners did, too.

Some recipients talked about starting businesses, but few actually tried it. Most who said they did start a business waited until the third year of the study—when their free money was about to end.

No comments: