basic income

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Basic Income Could Reduce ER Trips, Research Suggests

City distributed debit cards after pandemic hit

(Newser) - Giving cash to poor people could result in fewer emergency department visits, new research suggests. The study published Monday in the Journal of the American Medical Association looked at almost 2,900 low-income people who applied for a lottery in the Boston suburb of Chelsea, Massachusetts. Nearly 1,750 of...

LA County Launches Guaranteed Income Pilot

Applicants for the $1,000-a-month payments need to have been hurt by pandemic

(Newser) - Los Angeles County is now accepting applications for its $1,000-a-month guaranteed income program. Under the pilot, called Breathe, 1,000 residents will be picked randomly from eligible applicants, KTLA reports. The money will be delivered through a county debit card monthly for three years, with no strings attached, "...

Billionaire to Dole Out $9M in 'Serious Social Experiment'

Japanese entrepreneur Yusaku Maezawa wants to see if $9K will make 1K lucky winners happier

(Newser) - Money supposedly doesn't buy happiness, but a Japanese billionaire thinks it might at least cheer some people up. Just a couple of weeks after Zozo founder Yusaku Maezawa donated more than $18 million to a Japanese city hit hard by a typhoon, the fashion-minded entrepreneur is back in the...

Finland Gave People Free Cash. Here's What's Happened So Far

They're not working much more, but they are happier and less stressed

(Newser) - Finland's basic-income experiment is one year into its two-year trial run, and the results so far are a mixed bag. In a European first, 2,000 or so out-of-work Finnish citizens between the ages of 25 and 58 were guaranteed a monthly tax-free paycheck of about $635 from the...

Finland Ditches Basic Income; US Is Up Next

A trial is set to take place in America in 2 states

(Newser) - It looks like universal basic income won't get the green light in Finland. A little more than a year into a two-year trial, the Finnish government says it won't expand an experiment that sees 2,000 unemployed Finns paid $685 per month in basic income , rather than financial...

eBay Founder Invests $500K to Test Theory on Income

Charity arm will give money to poor in Kenya for 12 years

(Newser) - The concept of basic income is a simple idea: Impoverished people receive a fixed amount of money on a regular basis to pay for necessities such as food, clothing, and housing. While the limited research available suggests that it can provide a host of benefits—lowering drug and alcohol abuse,...

31-Year-Old's Experiment: Pay People $1,100 a Month
 31-Year-Old's Experiment: 
 Pay People $1,100 a Month 
in case you missed it
Jan 2, 2016 11:25 AM CST

31-Year-Old's Experiment: Pay People $1,100 a Month

Basic income has no strings attached

(Newser) - "If you were handed $1,100 a month, would you amount to anything?" So asks the Los Angeles Times in a Sunday headline atop a piece about a unique experiment underway in Germany. Michael Bohmeyer, a 31-year-old Internet entrepreneur in Berlin, is behind Mein Grundeinkommen (My Basic Income), which,...

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