"OAKLAND, Calif.—Earlier this month, Y Combinator, the famed Silicon Valley incubator dropped a bombshell: it had selected this city to be the home of its new 'Basic Income' pilot project, to start later this year.
The idea is pretty simple.
Give some people a small amount of money per month, no strings
attached, for a year, and see what happens. With any luck, people will
use it to lift themselves out of poverty.
In this case, as Matt Krisiloff
of Y Combinator Research (YCR) told Ars, that means spending about $1.5
million over the course of a year to study the distribution of "$1,500
or $2,000" per month to '30 to 50' people. There will also be a
similar-sized control group that gets nothing. The project is set to
start before the end of 2016."
This is one of those great ideas that will be universal after my lifetime.