[Josh Martin]
This post examines the common objection to the basic income that people will spend the cash on alcohol and cigarettes. The article discusses a new paper from the World Bank that found that transfers are not consistently used for alcohol or tobacco.
Dylan Matthews, “More evidence that giving poor people money is a great cure for poverty”, Vox, 7 June 2014.
It turns out that the problem of people not having enough money is solved by giving them more money. (Photo courtesy of GiveDirectly)
