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A Japanese billionaire is giving away $9 million to people on Twitter to see if it boosts their happiness
Critics of basic income argue that regular payments can reduce the incentive for people to find job. But the idea’s proponents argue that workers who receive a stipend to cover basic needs are more inclined to pursue work that interests them, as opposed to a low-skill, menial job. Stynes said he also expects participants in the Marica program to invest the money their homes and businesses over time. Early results from Stockton’s trial, meanwhile, have shown that participants are spending the majority their stipends on food and other basic necessities. The money is “allowing people to breathe again,” ... (full story)