Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.

zoe · 1 year ago

Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.

@PizzasDontWearCapes@sh.itjust.works · 1 year ago

How would it not produce growth? Pretty much guaranteed that 100% of this money is spent back into the economy vs hoarded in investments

@Peaty@sh.itjust.works · 1 year ago

Because it is taken from the same economy. If I tax Bill $1 to give Bob $1 we didn’t see any net growth. The only way it produces growth is if we gave Bob $1 but never collected $1 from anyone which becomes unsustainable in the long term.

Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.

Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.

This is an automated archive made by the Lemmit Bot.