A new study by the National Bureau of Economic Research shows that giving Americans a universal income of $1,000 in taxpayer money makes them grow poorer and lazier. They work less, earn less, and their economic state deteriorates over time, as they grow less motivated to work.
Universal income was one of Vice President Kamala Harris’ most ambitious bills when she was a U.S. senator. According to the American Enterprise Institute, her bill was likely the most expensive bill ever introduced in Congress, “offering ample fodder for Republicans looking to define Senator Harris’s liberal record.”
Harris’s legislation, (S. 3784, the “Monthly Economic Crisis Support Act”) proposed monthly payments of $2,000 for Americans, except for those in high-income brackets of over $100,000 per year in 2020. Most Americans, however, would qualify for the transfer of money from other taxpayers or from increased national debt. Harris’ bill would have awarded $2,000 per adult and an additional $2,000 for up to three children, which means a family of five would have gotten $10,000 a month under the Harris universal basic income plan.
“The only exceptions would be households with adjusted gross income above $100,000 as a single individual, $150,000 as a head of household, and $200,000 as a married couple, for whom payments would rapidly phase out. But since people in those households, along with children in families of six or more, make up fewer than one in five US residents, the vast majority of US residents would receive $2,000 payments each month,” the institute wrote in 2020.
Now, after a 3,000-person study has gone on for three years, the result shows that giving people money makes them less likely to want to work.
Giving people $1,000 a month resulted in a 2% decrease in labor market participation for participants and an overall reduction of their work time each week.
The participants spent more time on leisure, as well as other activities, like sleeping.
“Despite asking detailed questions about amenities, we find no impact on quality of employment, and our confidence intervals can rule out even small improvements. We observe no significant effects on investments in human capital, though younger participants may pursue more formal education. Overall, our results suggest a moderate labor supply effect that does not appear offset by other productive activities,” the National Bureau of Economic Research wrote.
For every one dollar received, total household earned income — excluding that gifted money — fell by at least 21 cents, or about $210 for the study participants.
The Alaska Democratic Party endorses Harris for president, after the sudden coup conducted by the national Democratic apparatchiks, forcing President Joe Biden to withdraw his name as a nominee. All delegates to the national convention on Aug. 19 will vote for Harris, including Democrat Rep. Mary Peltola, who has now refused to endorse her.
Read the research paper here:
Free money like that ought to appeal to all the loser PFDers in Alaska. And Trump–President “Pajamas”–certainly can jump on that. You can hear him announcing from the Resolute desk: “Money for nothing, and your chicks for free!” Oops, he over paid the hooker that he didn’t have sex with! (Maybe the “winner” can get a refund.)
You make absolute zero sense.
Sad you can’t (won’t?) differentiate between taxpayer money and dividends leagally owed investors.
Public school grad?
😊
Im expecting the TDS is gonna ramp to hysterical levels as the left realizes the situation they are in.
At this point it’s all they’ve got.
Happens when you swap out a senile old man for a women less liked, less accomplished, and less respected than Hilary Clinton.
Already happening.
Check the headlines. Suddenly age matters again. Trump, apparently is too old to be President. (Weird how that was not an issue a few months ago… I cannot imagine why the narrative changed?)
The rest of the news is about how Trump is going to destroy the USA, cause WWIII, turn all women into breeders, etc…
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If you cannot come up with a reason to vote for your party’s candidate, give the voters reasons to vote against their opponent.
“Free money like that ought to appeal to all the loser PFDers in Alaska…………”
Yup; on a national scale. ‘Free Money’.
Democracy is nine wolves and one goat voting on what to have for dinner.
The Gates,
I admire your tenacity, but you be picking fights with strawmen. Basically shadowboxing at this point. While your beloved narrative is in the middle of self destruction, you continue to see the good people as a threat to “your democracy “.
It is time to wake up man. You have been fooled and your cognitive dissonance will certainly get the best of you.
You have now 2 options;
Awaken to the truth of what has really been going on in our government and life will make more sense after some healing.
or
Continue on this path of self deception and when your worldview crumbles completely, the devastation to your psyche will be tremendous.
Freedom, or pain. You decide.
I was part of a General Motors injury study in Michigan (50 years ago, but it started in the 50s). Workers with back injuries randomly went into one of two treatment plans: back to work with minimal treatment, or aggressive pain management and rest, off work. Over the years long monitoring, both groups experienced equal physical outcomes, but drastically different social results. The aggressively treated group had much higher rate of total disability, even though they could have earned far more money by working, and gave up their social lives because of their injuries, leading to high rate of substance use and family disruption. The back to work group learned to manage pain, continuing social activities like golfing and sports, and overall experienced much better, more prosperous lives.
Creatures of this Earth are meant to produce. It is our purpose for existence. Adam Smith writes of worker productivity as the basis of a civilization in his Wealth Of Nations. Satisfaction in life comes from productivity. All creatures divide into two subsets, the parasites or the productive. America promotes too many of the former and discourages too much of the latter. It is what gets Kamala elected.
Well stated, AK. While the Left feeds us the lie that they’re are two kinds of people in this world – oppressed and oppressors, reality hits that we are either productive or parasites.
AK, Scott, I implore both of you to seek exorcism and communion with Yeshua, a great spirit who could never disagree with you more. The Accuser’s lieutenants have you by the brain stem and have whispered those words into your soul so that once the Furies take your soul to the brass palace the archangel of justice therein can tell the 3 Judges and even El Elyon that you think all disabled people are parasites and that the production of capital is humans’ only purpose, a full and total violation of the natural celestial order. I think you should expel that influence and seek the moshiach.
Alternatively, enjoy the 4th circle of Sheol for all of your future aeons. The place money worshipers go to, for their dollar and their income is their only true god.
Sincerely, a priest.
If you’re a family of five and earn $10K per month, why would you work? You wouldn’t and the result would be legions of couch potatoes. Their children would grow up to be just like them and it would snowball.
That’s why she should not in in charge or politics.
Amen
One only has to look at the villages to see what free money does to a community.
Typical leftist.
Giving away money that is not theirs in order to look like they are benevolent.
MIC levels of welfare, we might not be able to give Israel and Ukraine trillions!
Tuition forgiveness, universal healthcare, universal income. It’s almost as if she wants to bankrupt the US faster than is already being done.
Correct. She wants control also how much meat you can eat. She is evil
Make America Poor & Slothful. MAPS.
The goal is to create a dependent, docile population dependent on the government for everything.
Problem for them is, it never works. There are always people who want better, dream bigger, and are willing to sacrifice and work for it.
Those that are content have a special term created just for them: minimum wage workers.
Unfortunately, we are moving to a worldwide situation where, exactly what you describe, is happening.
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The Davos crowd wants all luxuries of life to be theirs, and theirs alone. If you are not part of the “elites” (pronounced parasites) you are expected to live in the modern day version of a mud hut. (15 minutes ‘SMART’ cities is your destiny.) Your very life will be at the hands of the government/party. Obey, and you get your handout, stand up for yourself, and starve.
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The democrats have been doing, and will continue to do everything they can to make that vision of the future happen. And, the useful idiots that vote for them seem to think the Party will actually reward them, instead of just tossing them into the same gulags they have for those who do not support them.
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This Presidential election is about the US as a sovereign nation versus the US as a subservient supporter of the globalists.
My fifth grade daughter has more economic sense than this stupid woman from Oakland, CA.
But Harris excels in servicing her male bosses.
Oh yeah. There were many.
Pure Oakland politics. It begins at the back of the bus.
Kamala Harris wants a country of chaos, fear and hate, she does not believe in a country of freedom, compassion and rule of law. If it takes paying people over $100,000 a year to do nothing in order to achieve that result then the ends justify the means.
According to the text above, the plan would provide $24k/yr if you make less than $100k/yr. If the $24k is included as part of the $100k limit, then it would be stupid to continue working after earning $76k because at that point your income would be $100k. On the other hand, if the $24k is not included in the $100k limit then it would be stupid to continue working after earning $100k because at that point one’s income would be $124k. As with most things, the devil is in the details.
She’s got my vote. I’m tired of selling my soul for bs pay. Show me the money!!
In order to justify and promote her proposal for a Universal Basic Income, Kamala Harris needs something to point to that proves that getting a portion of free money from the government, is a “basic human right”, just like “free speech”, which is in the constitution, is a basic human right.
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This can be accomplished by enshrining the PFD in the Alaska Constitution. HJR-7 (a bill that was in the legislature in the spring of 2024, which got a majority of Alaska House votes, but not the needed 2/3) would have helped Kamala Harris promote her UBI proposal.
I’m glad HJR-7 did not pass, because I don’t want to help Kamala Harris destroy America by turning citizens into drones, drug abusers and zombies.
Is Biden going let Kamala hide in his basement since Kamala can’t hide in VP housing?
Even a school boy knows handing our free money simply devalues the money itself. If everyone get’s free money the price of going to McDonalds or the grocery store just goes up accordingly. If the government gave everyone $24,000 per year why would anyone work at Target?
Even a school boy knows handing out free money simply devalues the money itself. If everyone get’s free money the price of going to McDonalds or the grocery store just goes up accordingly. If the government gave everyone $24,000 per year why would anyone work at Target?
The money that you goons have already taken from the American people and laundered through Ukraine and other countries is not yours to begin with. Keep your devalued paper, I would rather be free than a slave to your wicked plans. Our government hasn’t represented its citizens for quite some time. Shake off the propaganda folks and breath the free chem-trail air.
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