The basic income movement is picking up momentum at an enormous rate, but even with past and present trials, many are still looking for further evidence of what would happen if a guaranteed income were provided over the long-term.
So we’re planning to run what will likely be the largest long-term pilot of a basic income ever, and we have got some of the world’s leading economists on board to perform a rigorous evaluation.
For years, GiveDirectly has been providing short-term cash transfers to the extreme poor and seeing positive results — people do not stop working or drink it away, they invest in bettering their lives. If this basic income pilot shows similarly positive results, it could open the door to governments around the world beginning to adopt policies like basic income.
But we need to move fast — the debate over basic income is happening now and people are shooting down the idea based on speculation. If we are going to provide evidence in time to effect this debate, we need to launch the pilot this year. We will guarantee thousands of individuals living in extreme poverty in East Africa a basic income for over ten years, but we will have results on impact — do people invest more, seek more education, become more creative? — within a year or two.
But to launch this year all of us need to chip in a small amount — we can make it happen for less than the price of a cup of coffee per day:
At best, we will break through the impasse of the basic income debate with evidence that shapes our economic futures; and at worst, we will provide life-changing aid to some of the poorest people on the planet.
We are teaming up with leading researcher Abhijit Banerjee from MIT and have calculated that we can run and study this pilot for $30 million, and we are willing to match the first $10 million donated. If just 5,000 people commit $1/day by this summer, we can make it happen.
This is the moment to launch this potentially historic pilot. Be a part and join now.