Ireland just released a report showing the huge success of the unconditional basic income it provided to artists. Each $1 spent led to society gaining $1.39. Artists' earned incomes went up more than their side job incomes fell. And they were happier and used less welfare
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For every €1 of public money invested in the pilot, society received €1.39 in return
The net cost of the BIA pilot went from €105m to under €72m due to tax generated and savings on social welfare payments
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It also finds that recipients’ arts-related income increased by over €500 per month on average, while their income from non-arts work decreased by around €280. Dependence on social protection declined, with recipients receiving €100 less per month on average, and 38 percentage points less likely to receive Jobseeker’s payments.
Scott Santens
Forgetful Bri 