LogFAQs > #934272569

karlpilkington4 posted...

Alaska has been doing a variation of it for over 30 years.
https://www.sciencenews.org/article/alaska-free-money-residents-hints-how-universal-basic-income-may-work

Interesting.
Strange how that article is sharply negative about it, though. What's that about?

Countries like finland are testing small samples sizes currently, with great results.

The problem with "small sample sizes" is that it (like the oil-funded Alaska thing up there) depends on a external revenue model, which is where the sustainability gets questionable.
It'll likely end up like the time(s) Canada gave it a go, where it works great for the few hundred people in the pilot program, but can't figure out how to make it work with several million.
The nightmare scenario is Venezuela, where it's funded by nationalized natural resources that suddenly tank in the global market.

But, the core sustainability problem is that wealth is more mobile than poverty (see also: France). Figure out a way around that, and utopia results.