Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Ameya Pawar

Opportunities

Basic Income Opportunity in Chicago

The Chicago and Stockton basic income proposals demonstrate that there is a lot of innovative social work going on in America. All sorts of people are proposing a wide variety of creative solutions for problems like poverty.

A DARPA for social services would fund innovative social programs and related work. The social work DARPA would combine charities, community groups, nonprofits, government agencies, and university researchers.

One of the social-work DARPA’s mandates would be to fund research into alternative poverty-alleviation strategies such as basic income. It would also fund the development of new technologies for benefit delivery.

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Opportunities

Chicago could Test Basic Income

The proposed program is very limited in scope; it would provide 1,000 families a $500 monthly stipend. That would cost around $500,000 a month or $6 million a year. That is not much for a government program, and hardly a “universal basic income (UBI).”

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