• AutoTL;DR@lemmings.worldB
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    9 months ago

    This is the best summary I could come up with:


    Tech billionaires like Sam Altman say they’re big fans of UBI and claim that it could solve the problem of mass job displacement when robots and software take over much of our economy.

    Rumsfeld also brought on Dick Cheney to help him with the program (later, of course, the duo would go on to disastrously run Bush II’s White House foreign policy team and embroil America in pointless wars).

    UBI proponents contend that this model—in which a valuable resource is treated as a shared economic asset—is one of the more promising methods by which basic income could be scaled up to provide for a much larger, national system.

    Data about the projects was collected by the Stanford Basic Income Lab, which compiled a report that showed the pilots had helped low to middle-income families meet their essential needs.

    The program, which was designed to cushion the blow from covid-related economic turmoil, has consistently delivered $1,000 a month to 200 participants and, as a result, has invested nearly $5 million in the community.

    The Compton Pledge was a UBI experiment that, as Time puts it, sought to test whether it could transcend its “status as a small research project in progressive Los Angeles and someday work as a nationwide program funded by taxpayers”.


    The original article contains 1,363 words, the summary contains 212 words. Saved 84%. I’m a bot and I’m open source!