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Scott Santens Profile picture
@scottsantens
Apr 12 • 5 tweets • 5 min read Twitter logo Read on Twitter
UBI critics: If we give people money without conditions, people will stop working.

UBI pilot: Turns out the UBI group worked more than the control group.

UBI critics: Well of course giving people more money works. But it costs too much.

UBI pilot: Turns out the money spent on… twitter.com/i/web/status/1…
Sources:

1. mdpi.com/2071-1050/12/2…

2. harris.uchicago.edu/news-events/ne…

3. mckinsey.com/industries/pub…

4. bignam.org/BIG_pilot.html

5. nber.org/papers/w29800

6. basicincometoday.com/providing-7500…

7. nber.org/papers/w29854

8. thecorrespondent.com/4664/why-do-th…

9. news.vanderbilt.edu/2021/02/05/new…

#BasicIncome ImageImageImageImage
"We fail to find effects of the [monthly CTC], and temporary removal of the work requirement, on labor force participation and total hours worked."

Brand new study. Same old result. Unconditional income didn't reduce people's labor force participation.

nber.org/system/files/w… Image
It looks like this small thread took off so I'll just add that my pinned thread is devoted entirely to the evidence behind UBI. It's really long so start with this most recent tweet and just scroll up. Also my blog has a UBI FAQ if you want to learn more.

Thanks for all the sharing of this thread, everyone! Please also consider subscribing to my blog to make sure you don't miss anything I publish about the concept of #BasicIncome. I'm continually trying to better inform the conversation with my writing.

scottsantens.com/#/portal/signup

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More from @scottsantens

Scott Santens Profile picture
Apr 11
A 🧵 of key takeaways from the final results of the @stocktondemo of #BasicIncome published yesterday:

✅No negative impact on work
✅Income volatility down
✅Mental health improved
✅Less fatigued
✅Improved physical functioning
✅More bargaining power

link.springer.com/article/10.100… Image
Pre-pandemic, employment increased quite a bit in the basic income group, but the increase did not remain significant during the pandemic. It's possible that this and other non-significant results were due to unexpected attrition by the end of the experiment. (more on that later) Image
Income volatility was another measure that decreased significantly pre-pandemic, but did not remain significant, as did psychological distress. People in the basic income group moved from "likely to have a mental health disorder" to "likely to be well" in year one, pre-Covid. Image
Read 8 tweets
Scott Santens Profile picture
Apr 10
Universal basic income? But where does the money come from? I hear that all the time. The better question to ask is how best to remove newly created UBI money from circulation? This simulation says it's a transaction tax, which is one of my own favorites.

bit.ly/3zMnC2l Image
If you want to mess with the settings of this simulation yourself, here's where it's located. Definitely try turning off the universal basic income and transaction tax toggle and watch society break as one person eventually ends up with all the money.

fairshare.social Image
I think it's important to recognize that the flow of money in a free market is always upwards. It will always lead to concentration of money into fewer and fewer hands, destroying the market. There has to be a mechanism for money to come up at the bottom and vanish as it goes up.
Read 5 tweets
Scott Santens Profile picture
Jan 13
Looking back at my ten years of basic income advocacy, here's one thing I thought would already be a thing but isn't: celebrity interest. Where are the people with millions of fans who have picked UBI to be their cause?

Sure the Pope is on board with UBI, but he doesn't retweet.
The single least effort thing you can do to support the basic income movement is to click the retweet button. A bit more effort but not much is writing your own tweet, or sharing a link on Twitter or anywhere really. If you want to help more, please make a point of at least that.
But yeah, where are the big influencers that can really help move the needle? So many celebrities with so many pet causes, and not one who has decided on basic income as their cause?

One huge A-list one reached out to me once and asked to schedule a call but it never happened.
Read 6 tweets
Scott Santens Profile picture
Dec 20, 2022
Lots of news articles are being written about this new study in Ireland of UBI, and as usual, the discussion is misinformed, as is the study itself. This is going to take a thread to get into why on both accounts, so here goes... 🧵
2/ First, let's start with the headlines. I'm seeing many choose to focus on the proposed tax rates of 40% to 60%. I haven't seen a single article talk about effective tax rates, the difference, or UBI as a tax rebate. This is basically lying by omission.
3/ Let's say your income is $50k. If you paid a 100% tax and got a $50k UBI, what would your effective tax rate be? 100% or 0%? The answer is zero. After taxes you'd have exactly the same amount of money as before taxes. That seems kind of important to understand, right?
Read 20 tweets
Scott Santens Profile picture
Dec 15, 2022
It never stops being tiresome to see otherwise intelligent people make unsound comparisons about unemployment and UBI. There are important differences between 1) being jobless + having no income 2) being jobless + getting a conditional benefit and 3) getting unconditional income.
As I say again and again, income comes before work. It's income that connects people to the labor market. It's income that fuels people. It's spending that creates jobs.

I am no "utopian idealist" for recognizing this stuff. I'm a realist.

scottsantens.com/the-toothpaste…
The fact is that we need access to resources in order to find our purpose. It's also unethical to withhold resources from us in order to force us to work "for our own good" instead of playing games. Games aren't the problem. Society is the problem.

scottsantens.com/the-quentin-ta…
Read 12 tweets
Scott Santens Profile picture
Nov 9, 2022
2023 will mark 10 years of my advocating hard for unconditional basic income. At this point, one of the things that annoys me most is the new claim from conspiracy-fueled people that the rich and powerful fully support UBI and want to use it to make a subservient population. 🧵
2/ First of all, most obviously, UBI is unconditional. It's in the damn definition. If cash comes with strings attached, it's not UBI. So you can't make the argument that UBI will be conditional. That's like arguing against water because it's dehydrated and won't quench thirst.
3/ UBI IS UNCONDITIONAL.

Might some people want to add strings to it to make it unconditional? Yeah, but then it's no longer UBI and is just the way existing welfare programs work whose entire point is to get people to do some things and prevent them from doing other things.
Read 14 tweets

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