Sam Altman conducted an experiment where he provided 3,000 low-income people with $1,000 a month without any conditions to see how they would use the money. Contrary to fears that recipients would spend frivolously or become lazy, the majority used the money responsibly for rent, food, and essential needs. People worked slightly less but experienced improved quality of life, moving to safer neighborhoods, saving, and even increasing their healthcare visits by 10%. This experiment highlights the potential impact of universal basic income on people’s lives and challenges preconceived notions about free money.
