A German experiment has found that people are likely to continue working full-time even if they receive no-strings-attached universal basic income payments.
Archived version: https://archive.is/20250412140637/https://edition.cnn.com/2025/04/11/health/germany-universal-basic-income-study-intl-scli-wellness/index.html
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Let’s say it’s set at $10k/year. To someone on $20k that’s a 50% boost. To someone on 100k, it’s only 10%. At a million a year it’s down to 1%.
If it’s accompanied by a 20% tax, it would significantly rebalance income inequality, and provide a reliable financial buffer for the poor to negotiate from.