Guaranteed Income

The concept of Universal Basic Income was first brought to the public's attention by Andrew Yang's bid for the Democratic Party presidential candidate in 2020, but it has actually been discussed since studies were conducted in Denver and Seattle under President Nixon. The Eastern Band of Cherokee in North Carolina and Americans living in Alaska have experienced it as well since 1982.

Everywhere guaranteed income has been implemented, the rate of crime, especially property crime, has significantly decreased. Fortunately, it has also been discovered to strengthen social ties, reduce stress, and enhance general health by lowering the cost of doctor visits.

All of this occurred without any of these experiments having an impact on the workforce participation rate. Although evidence from a 2003 Mexican poverty program strongly suggests that inflation fears are overblown, there are still reasonable concerns like inflation, but the potential as a crime deterrent justifies at the very least further testing.