Definitely not against experimenting with certain kinds of wealth redistribution (e.g. UBI), but it's weird that these convos sometimes start with "which policy should we use to make the wealthy less wealthy?" rather than "which policy should we use to make the poor less poor?"
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Sadly, what's lost in the emotional idea that the rich should be somehow less rich is that the poor need to be educated about money and how it works. And then they have to be willing to put forth the effort required. Knowledge and work.
In my experience, many of the working poor work long hours, work to the best of their ability & are thrifty. Poverty traps are real & diverse. I don't know if any single approach will be sufficient, which is why we need to be willing to try a variety of them on the local level
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I agree with you on that. And not one approach will work for everyone. Humans are not the same, and we each have different ways of learning and growing. A one size fits all program fails too many times.
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Indeed. I’m writing my dissertation on UBI currently and it was found that the best way to alleviate poverty amongst poor was to give them money with no strings attached. Telling poor what they need to spend their money on ignores unique aspect of everyone’s situation.
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Multiple- policy approach also rings true. In Namibia for eg., UBI was coupled with local policies of no alcohol sales on the day of the payout. Helped tackle the issue of the alcoholic poor population spending their money on alcohol. Nudges like this are often effective.
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