Yes, having more to lose can make people more cautious. But if you&#x27;re worried about money&#x27;s effects on the poor then you should be even more worried about its effects on the middle classes and the rich, since they have even more to lose, right?<p>The idea that the poor can&#x27;t handle money or would somehow be better off without it is silly paternalistic thinking of the sort that basic income is supposed to do away with. The income streams we&#x27;re talking about are pretty modest and all the evidence so far is that most people can handle it.<p>Its effects on inflation are overblown too. Other than real estate, we&#x27;re not seeing much in the way of inflation. And on the margin, an income that&#x27;s not tied to a job makes it easier to move to cheaper places. (Why do you think so many retirees live in Florida?)