UBI Is Good For Business!

In contrast to popular belief that unconditional basic income would bankrupt a state, some scholars argue that it can actually stimulate growth and innovation.

"As it turns out, simply giving people money is one of the most powerful forms of economic stimulus available. In a comparison of the stimulus effects of different government spending by the Economic Policy Institute, food stamps and unemployment insurance topped the list, with each dollar spent yielding an effective boost to the economy of more than $1.60. By comparison, tax cuts for individuals provided a boost of only $1.03, and tax cuts for businesses yielded a measly boost of $0.30.
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This is also supported by the “Maslow effect”: when people have to worry less about the basic levels of the pyramid of needs (health, security, food etc.), they could start being more productive for the economy by fulfilling more meaningful roles in the market.

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