Did you seriously consider what incentives this sets for lifestyle and having children for all the different segments of society and its development over the next few generations?
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Interesting question there. There might be a virtuous selection effect to counter gambling. Anyone who wants to place a bet on a million dollar payday by buying a baby lottery ticket today is likely too foresighty to be a deadbeat
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There was a thing pmarca tweeted once about a study on massive windfalls. They are often used quickly and it went on to suggest it was due to a lack of experience budgeting & habits from hand-to-mouth behavior. Releasing funds over time and/or counseling made a big difference.
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There is a similar effect that happens when people live on the street for a long time and most of the successful rehousing programs are structured in a way that helps people transition. Large part of that seems to be social effects and isolation.
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I would imagine some people would spend a lot of time planning like they do for college admissions. There would be orgs that would be predatory in how they ‘help’ with this.
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Depending on who’s included or excluded, either being an immigrant kid would be really horrible, or the incentives for immigrating to the US would become 100x more irresistible than they are now
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There would be weird arbitrage opportunities between this system and any “normal” country. Dual citizenship would be worth a lot
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pilot the program for public school teachers, check back in 15-20 years
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@rencer_speed I feel like this is ur time to shine -
It's possible it would be more efficient to shut down government services and instead redistribute the money and let the private sector handle services. But who knows. Maybe 50/50?
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