Do Income Programs Work?

The video discusses guaranteed income programs, focusing on the Stockton Economic Empowerment Demonstration (SEED) in California. It compares guaranteed income with universal basic income, highlighting differences in target groups and conditions. The impact on recipients, including increased employment and spending patterns, is analyzed. Criticisms regarding work incentives and funding challenges are addressed. The video concludes with discussions on the sustainability and future of such programs, emphasizing the need for longer-term support and potential funding sources.

What was the primary goal of the Stockton Economic Empowerment Demonstration (SEED)?

• To offer $500 monthly to selected residents living paycheck to paycheck

• To provide financial support to all residents of Stockton

• To replace the existing welfare system in California

• To test the feasibility of universal basic income

How did the Stockton program differ from universal basic income?

• It required recipients to be employed

• It targeted a specific group of people with no conditions

• It provided money to everyone in the community

• It was funded by government taxes

What was one of the main concerns critics had about guaranteed income programs?

• Recipients would spend money on luxury goods

• They would discourage people from working

• They would lead to increased taxes

• They would only benefit the wealthy

According to data from the Stockton program, what percentage of the stipend was spent on food?

• 37%

• 41%

• 23%

• 10%

What are some potential sources of public funding for guaranteed income programs?

• Cutting education funding

• Budget reallocation or casino revenue

• Raising property taxes

• Increased sales tax