I think I might disagree with that once all the indirect costs are included. These programs create inefficiencies for the recipients as well as the government.
Chicago just approved one of the US's largest basic-income pilots: $500 monthly payments for 5,000 p
- Thread starter ipatent
- Start date
It's Crazy On Many Levels, But Cook County Has Launched Its 'Free Money' UBI Program
Among the oblivious are Cook County Board President Tony Preckwinkle and the rest of her board. Last week she announced the county’s version of what’s often called UBI – universal basic income. Under the program, the county will send monthly payments of $500 to $3,250 to its residents who successfully apply for two years. At $42 million, it’s “the largest publicly-funded guaranteed income initiative in American history,” Preckwinkle says.
UBI programs are sometimes called “free money” programs, as in this column describing 13 similar programs in certain cities around the nation. “Free money” is a fair label because that’s exactly the point – to make cash handouts with no strings attached: no work, disability or training enrollment requirements, no regard for how much the recipient is getting from other assistance program and no real questions other than household income.
Eligibility is open to anybody 18 or older with a household income at or below 250% of the federal poverty level – or about $58,000 for a family of three. About 36% of all Cook County residents will therefore be eligible, Preckwinkle says.
Among the oblivious are Cook County Board President Tony Preckwinkle and the rest of her board. Last week she announced the county’s version of what’s often called UBI – universal basic income. Under the program, the county will send monthly payments of $500 to $3,250 to its residents who successfully apply for two years. At $42 million, it’s “the largest publicly-funded guaranteed income initiative in American history,” Preckwinkle says.
UBI programs are sometimes called “free money” programs, as in this column describing 13 similar programs in certain cities around the nation. “Free money” is a fair label because that’s exactly the point – to make cash handouts with no strings attached: no work, disability or training enrollment requirements, no regard for how much the recipient is getting from other assistance program and no real questions other than household income.
Eligibility is open to anybody 18 or older with a household income at or below 250% of the federal poverty level – or about $58,000 for a family of three. About 36% of all Cook County residents will therefore be eligible, Preckwinkle says.
Maybe some people won't take the free money, because they are allergic to it, like cheese?
%%
YOU saying stupid tends to trend in some areas??
Sure looks like it
The good news is CA + ILL have a good moving business \most moving out !!
Yup.%%
YOU saying stupid tends to trend in some areas??
Sure looks like it
The good news is CA + ILL have a good moving business \most moving out !!
A dollar per year or a Skidrow.
A simple deal.
$35k at the top end, dog.
members of the Chicago Cook County board.
Officials | Cook County (cookcountyil.gov)
yes, these board members thought Martians would come in and cough up money to pay for the program.
$500/month for 5000 people = $30M/year
fundamentally, would the UBI program fix the problem or perpetuate the problem?
Officials | Cook County (cookcountyil.gov)
yes, these board members thought Martians would come in and cough up money to pay for the program.
$500/month for 5000 people = $30M/year
fundamentally, would the UBI program fix the problem or perpetuate the problem?