Katie Modesitt, a Young Voices Advocate from the San Francisco Bay Area, joined "Pat & Stu" today to discuss Silicon Valley's potentially world-changing experiment with Universal Basic Income, or "mincome."
A private tech company in Oakland is experimenting with providing a hundred families with $1500-2000 monthly. Katie felt the experiment has a libertarian feel to it because it may eliminate the vast bureaucracy that has built up around the welfare state but acknowledged that it only works if the welfare state is disbanded.
She admitted that this is only a framework for incremental reform. There are 126 federal anti-poverty programs that many politicians and employees are invested in at this time, not to mention all the local programs.
The Oakland program costs $4 trillion a year; current anti-poverty programs cost about $1 trillion. The administrators of the program believe the higher cost of the program would be ameliorated by recipients pursuing artistic endeavors.