Below is a link to a non-affiliated website dedicated to better understand UBI.
Annie Lowery, an American journalist who writes on politics and economic policy for The Atlantic, published her first book in 2018. The name of the book is titled: Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World. (Note: This book is not affiliated with balancedcapitalism.org.)
The below article appeared in the Los Angeles Magazine on 12/20/2023.
How Giving $750 a Month to L.A.'s Homeless Proved Basic Income Works
Recipients of the income mostly spent their money on food, housing and transportation.
By Julius Miller
December 20, 2023
The solution to L.A.'s homeless epidemic may lie in a buzzy, divisive, social welfare proposal: universal basic income.
Roughly 100 unhoused individuals across Los Angeles County and parts of San Francisco were given $750 a month over a year. The money came in the form of an unconditional payment—no strings attached.
When broken down, 36.6 percent of those checks were shelled out on food within that time frame. 20 percent was allocated towards housing, 12.7 percent on transportation, 11.5 percent on clothing, 6.2 percent on healthcare, and 13.6 percent on other unclassified expenses.
Los Angeles Times, which originally reported the findings, was told by the study's founder, Ben Henwood, that "it dispels this myth that people will use money for illicit purposes."
The study eerily reflects a plethora of other basic income trials conducted across the state. The trend to conduct such experiments was catalyzed by a nationally-watched trial in Stockton, which began in 2019 and paid 125 residents $500 a month on the same premise as the Miracle Money study: no strings attached.
According to a 2021 from NPR, the study paid off, providing an increase in employment and productivity, increased well-being, decreased stress, and the money was spent on necessities rather than drugs.
However, the only occasion that a basic income experiment was conducted on a national scale was in Finland over two years from 2017 to 2018. To date, it is Europe’s first and only national, government-backed basic income experiment.
The country supplied a group of 2,000 randomly chosen, initially unemployed individuals in the country with a guaranteed, unconditional, cash payment of 560 euros per month (~613 USD p/m). Results saw a small increase in employment rather than passive consumption, a boost to well-being, and an added trust in institutions.
"Better feelings of health, happiness, cognitive abilities, and financial security seem to have instilled a sense of confidence that encouraged the recipients to branch out and to seek more expansive opportunities: unpaid work, training, or employment," they wrote.
"At a societal level, Finland’s basic-income experiment promoted another interesting virtuous cycle, around trust. Trust in others and institutions is a fundamental building block of well-functioning societies."
The number of basic income experiments continues to rise, and the results along with them. As for California, CalMatters confirmed just two years after the Stockton trial that more than 12,000 state residents would be receiving basic income payments as part of widespread, similar experiments.