What Countries Have Tried Universal Basic Income? | NowThis World
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- เผยแพร่เมื่อ 30 มิ.ย. 2018
- What happens when a government gives their citizens free money?
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In this episode of NowThis World, Alex Janin will explain Universal Basic Income, what it is, and why it’s becoming a popular subject of debate.
Countries around the world have piloted versions of the UBI experiment including Kenya, Canada, Finland, the Netherlands, and Spain, and others have proposed versions in places like India and Scotland.
As UBI grows in popularity - it also becomes a more controversial topic of debate. So, let us know your thoughts. Would something like this work in the U.S.?
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NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
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![Will Robots Make Us Poor? Universal Basic Income And The Robot Tax [Automation, Pt. 3] | AJ+ Docs](/img/n.gif)
Who comes here because of Andrew Yang? Raise your hand~
MATH
I’ll raise my thumb.
@marcaronx49z I'm not sure what "right" you think I am talking about because not a single word in my post is related to rights. (Well I guess if you are raising your right hand then that counts.) I'm still about 90% skeptical about whether UBI will work on a national scale. But I don't have voting rights so I guess it doesn't matter anyways.
@marcaronx49z First you talk about rights and then about Andrew Yang supporters. My post is about neither of those. My post is simply about a guy who brought up a topic that (relatively) few people know about so that more people learn about what it is. So I believe you miss the point completely.
Let's talk about your opinion in isolation. Your prediction, in the absence of historical evidence, is as credible as anyone else's. Please support your claim with evidence/study so that people can benefit from it. Otherwise, it will just be a waste of time for the writer and the readers.
@@chenxiaoxue6872 Of course it does. Maybe you know someone who can vote or you know someone that knows someone.
These critics are raising these concerns with no data. All the available data supports UBI but all the critics keep repeating the same fears with no data. Fear of laziness is a result of the mental toll from poverty which isn't laziness it's depression. Income security is a game changer.
No matter what, some people realistically will not work if they don't have to. The data does suggest that those in poverty will be in a better place to seek gainful employment, but they're not all necessarily going to choose to. Also there is some data that can be interpreted as anti Ubi, but after considering all the evidence I for one think the risk involved is fairly low, and the potential rewards exceedingly high.
@@johnvoidec5170 Agreed. Some people are just so burnt out from working unreal hours at multiple jobs they may want to take a break from one of them and decompress a little. But $12k is not enough to live off comfortably so you wouldn't quit working, you might switch to a more enjoyable job that doesn't pay as much.
For example, I always loved tutoring but it didn't pay well, but it was meaningful and satisfying and would be sustainable with a UBI.
@@johnvoidec5170 Where is all this data?
And the proponents also have no data. Not on a large scale. Why, because no large country has ever done this. So the same criticism applies.
@@sublimetrance You can say that the data is unconvincing (which is subjective), but not no data (which is objective).
Poverty is very expensive and a more costly drain on a countries finances, than UBI. The amount of money it takes to support poverty and its related activities, like crime and increased illness, is astronomical. Most crimes and most health issues occur out of socio-economic desperation. It is far cheaper to give people a life of dignity, than a life of desperation.
AMEN
While that makes some sense, I would love to see some studies on this.
Critical Thinking I think I'm coming with a better idea why not just increase the minimum wage to well above the living wage and increase wages can be taxed more that way the government won't have to spend a dime on a program and the desired affect would be the same lifting people out of proverty and the increase taxes on the higher incomes will enrich the countries wealth to better care for the countries infrastructure and reduce the need for social programs saving the countries on paying for social programs will be reduced and with the increased taxes can provide universal health care for all
Also for the US there was a study in california where giving housing for the homeless was less expensive for the state than leaving them in the streets, healthcare problems for living in the open being a good part of it.
Citation needed. also The money required to pay for it will be astronomical. the only way to cover this involves higher taxes which means more theft.
I'd keep working. A thousand dollars isn't a lot to live on, especially in California. I'd still want it though. It would help.
It is IMPOSSIBLE to live off 1k in California
Most people would work less hours, thus lowering productivity and tax revenue and thus damaging the States balance. Plus many will work small jobs and evade money (it happens here in italy with our current UBI . google it)
Basically they also DAMAGE the work sector. Since they get 1000 bucks a month already, they accept lower wages on those part time job s they take thus damaging those who want to work full time
I'm going to retire if they do this.
@@taylorkaplan2614 Good luck living on 1000 dollars/month when inflation hits ;-)
@@freedomordeath89 inflation may go up but my mortgage stays the same :)
And the rent I charge gets to go up to
India has one of best theoretical INDIRECT UBI in the world. Countries must make a case study of it.
@To Release is To Resolve I think that's why he said it was theoretical.
Not "free money". Under Yang's proposal, a value added tax (VAT) would be applied to all goods purchased.
Also under Yang, if you are receiving govt money, you would not receive UBI additionally. You would receive your benefit, or $1k per month (whichever is higher). I don't know if Soc Sec benefit is separate from govt welfare under Yang's plan.
Some work increase will be achieved from current unemployed, but the rest may just live within this new mean. Some will not work under any circumstances.
There is no reason not to try UBI.
America doesn't have that? Wow u guys r really back when it comes to welfare
@@brucegali9890
We do have welfare in US. But it's only for the poor, or the wealthy (tax loopholes, tax incentives, etc). This candidate is talking about everyone receiving a "benefit".
@@fadenmac8092 Yang has mentioned UBI will replace Social Security + Welfare, but current recipients have a choice. Everyone gets $1000, him included. VAT will increase taxes on goods, but will be a way to stop tax havens. Currently big companies funnel their money abroad to pay less taxes. VAT can't be funneled out.
@@MySqueezingArm that's fine cuz who wants to wait until 65 to use that money in S.S.
That's right.. give the citizens money for food, family, entertainment, school better than give it the govt for wars and big banks
Why not government's been given Universal basic income to the oil industry the weapons industry, the farming industry, and the banking industry for quite a few decades now.
conspiracy theorist
Didn't even mention Alaska
4/10
Wouldn't watch it again
The reason Alaska was not mentioned is because someone probably pointed out it is a terrible example. Why? Because that money comes from ugly oil royalties from production on state land. Most that oil is solid to Japan, so essentially Japan makes the payments not taxes imposed on the citizens.
@@richardhuzzey1294 True enough. However, the principle that any individual or entity that gains control of nature (and natural resources) is rightfully charged for what amounts to a monopolistic privilege. The amount of the charge should be market-derived, meaning that those who desire to control some aspect of nature should engage in competitive bidding for a leasehold interest.
Normie
The reason why it wasnt mentioned is because alaska isnt a country, but part of the u.s
@@richardhuzzey1294 and where do you think Norway and Sweeden get all their money for their generous welfare programs?
You shouldnt use the Book "Utopia" as a example for UBI lol. They had slavery and a caste system and death penalty for every crime, aswell as obligatory military service and no freedom of property at all, everyone lived in barracks!
João Pedro Nasser
She was explaining the History of UBI. So it's necessary to talk about its first appearances.
Bengali - you’re correct. It states it directly in the manuscript
João Pedro Nasser, they have a slave system, but every crime wasn’t death. Perhaps you got a bit high on flakka
Take Charles Darwin's book of origin, we reface it when talking about the history of the study of evolution but we now use much newer more usable studies when actuality talking about evolution.
Plato's Republic is used by students of philosophy and law despite the fact that it suffers many of the same drawbacks as you mentioned. Just because it is dated or not so very liberal by a modern eye doesn't mean its useless.
Brazil have a program called *Bolsa Familia* that gives money to poor families, after some yrs we can agree that it is a absolutely sucess! It reduced the poverty and even helped the local economy, data shows that each R$ 1 spend in Bolsa Familia generate R$ 1.8 to the National Income.
AlienBoy thats great but Americans wont learn even if you slap facts in their face.
But it is not a UBI program in its core. UBI is free cash to everyone, where Bolsa Família is a social program for the poor to buy basic goods (food and hygiene products). UBI (in it's closest) in Brazil is LOAS (elderly poor individual and people with disability), wherein in the US it is disability payments.
Anderson Andrighi Better than foodstamps.
Giving money to people is a good idea if the people receiving the money do good things with it.
How are you going to stop people with substance abuse issues from not buying drugs or alcohol???
It would be better to give free "basic food packages", "basic shelter", "basic healthcare and medicine" and free education at all levels.
Lack of education causes poverty. It is the number one problem facing society.
AlienBoy Bolsa Familia is a CONDITIONAL CASH TRANSFER not free money like the UBi. The beneficiaries of the program must be on the lower income. They would receive money in exchange for their children going to school and having vaccination.
Question is not about whether it works or not.
Question is whether everything else currently available is working today?
The answer is it doesn't and it get only worse in the future.
How are things NOW worse than 10, 20, 30 or 40 years ago?
Every data shows that things are better.
YANGGANG
We have it in Cyprus since the 2013 economic crisis and it works fine
@King David he won't answer because he died of starvation.
Good to know.
Yang 2020! UBI would be a good idea.
You need a course in economics.
@@richardhuzzey1294 No you do! I took macro and micro econ! Look up Econ professors they all agree with Yang!
CatVision TV agree with Cat. Hearing how Yang will pay for it isnt as costly as this video talks about.
@@catvisiontv855 Hooah!!
Gottenburg human capitalism.
I support UBI mainly because I don't think it is fair that only poor people get a safety net.
Investors also need and deserve help from the government.
Bengali - lol
Jose Aguirre
I'm not kidding.
Bengali - if your investments are that big, you probably shouldn’t be making them
Jose Aguirre
I don't necessarily mean big investments. But sometimes, your investments fail (it happens, that's how we learn). A coffee shop can fail, a house can be destroyed.
I think that a safety net would encourage investors to take risks, to try new things, without the fear of losing everything.
Not only poor people need money.
how about no one gets a safety net that way the successful do not get stolen from in order to pay for the lazy or other people who cannot support themselves how about instead we voluntarily donate to them instead.
i dont get why no one mentions alaska that literally has a divident for the last 40 years...
Because Alaska is a massive country with a large economy right.
Thomaskeith there is over 70 countries with a population less than Alaska. Alaska has near 1 million people that live there.
@Pneumonocolvocanomicroscopicsilicolvocano-coniosis Not true at all...
Iceland
Luxembourg
Bahrain
Brunei Darussalam
these countries have less than 1.2m population and their economies are great.
That's 1000 a YEAR not a month
And it achieves nothing
It's just a tax on natural resources, it cant be done on the rest of the country.
@Pneumonoultramicroscopicsilicolvocanoconiosis No, because all these coutnries are small but have HUGE national incomes for various reasons (fiscal paradise, banks, oil, gold etc)...try doing the same in Nevada dude
This would actually work here in Mexico. But I highly doubt it can happen soon.
Unfortunately Mexico's GDP per capita is far too low to implement UBI. USA is about right for a $800/month stipend (assuming other social programs are eliminated). Luxemburg, having the highest GDP per capita worldwide, could actually give a tax break to every citizen and still provide a $22K per citizen UBI.
thetacoguyy it's already happening in some countries
It could work Mexico needs it bad people are starving some dont have decent homes or basic roads or great infrastructure
Andrew Yang 2020
Not going to happen. There are too much intelligent people in the world who understand enough about economics to know that a UBI can not work in reality.
@@EaglePicking works in Alaska
@@CultofThings I am in fact at more than 6000 km of Alaska.
@@EaglePicking it will work
@@ahhhh6114 It will work in the same way that communism "will work". By that I mean that in some future utopian paradise it might work but it'll never work in an actual world with actual people in it.
You wanna give me money and improve my life? Psht I'll pretend to be an economic expert and argue to the death against it
+ve's: women are more financially independent, people more likely to work in something they like, helps the poor, eliminates the need for benefit beurocrats, stops the benefit trap, should replace pensions and encourage the elderly to work longer
How long should older people work. Lile really they are old. As you age your productivity starts to diminish the older you get.
Andrew Yang for U.S. president in 2020. Main platform is Ubi. It's time has come and we face a dangerous future without it. Go Yang!
Could you cover Russians rewriting of history during Stalin's reign?
What did they write?
Probably trying to cover up multiple war crimes of the Stalin regime.
Yes, I’ve heard they’re destroying old KGB documents about executions.
i was sent to the gulag met north korean from another gulag
we were rescued by captain price and ghost
nik Bahtin In 2017 38% of Russians named Stalin as the most significant figure in history. Even Putin got the second place. So yeah, Russians like Stalin plenty.
If you hear how Yang will pay for it, its not costly at all
That US study in the 70s. It was called negative income tax rates. The government cancelled the program abruptly because they found for every dollar spent $0.20 was taken out of the economy. And that ultimately results in loss of jobs.
Their math in the end is bunk. Call Andrew Yang so he can help out with the math.
I think it works!!!! and the way the AI and automation are growing, UBI is worth trying at least in big economies like the US.
Will it be successful in india?
@@robbenvanpersie1562 It will have to be very low, since it will be hard to pay for, but I think in India you might just be able to make a UBI that is high enough for everyone to buy food. Everything else people will have to work for
The fact that kids don't have to pay for almost anything while they live under their parents' roof does not disincentivize them from wanting to study, work, and move to their own houses/apartments. Most people want more than they have and are willing to work for it.
The present bank system gives banks money for 0 value added. The top down approach is inflationary. Bottom up influx stimulates any economy. This is ancient knowledge.
The main problem with the way the banks were bailed out was the failure to impose strict requirements on how the infused funds could be used. The states could have made a very positive impact by chartering public banks charged with funding infrastructure, affordable housing and small business development. Some states are looking at the North Dakota model and will hopefully pass the necessary legislation.
You going to pay me six figures? If not shut up.
Do it, people will spend it on goods and services thus stimulating these industries
The problem starts when the owners don't put that money into the workers.
NoOne In the future there may not even be workers as we know it.
The amount will be at the most enough for food and rent. So only major benefitters are local farmers/food industry. Top tip, if UBI is coming into a government near you, invest heavily on food industry stocks.
There will no 'playstations and 50" flat screens for everyone!'
The money will become worthless
Inflation would soar very quickly
If everyone has $100, what’s stopping me from selling my product at $100? Or in other words, prices for necessities will increase and we’ll be back to square one.
The problem isn’t in people’s income, it’s in how we produce and distribute needs.
But their is one question, you forgot to ask, WHERE WILL ALL THIS MONEY COME FROM? How long can you keep on giving this money?
I wish you delved deeper into why Finland was discontinuing its UBI program. It seems to be a key indicator for the viability of the program in a developed country.
BEST SYSTEM for the coming post scarcity economic future
Post scarcity future??? Bwhahaha and SMFH... We live in a world of finite resources snowflake... Nothing is ever going to change that...
NullPointer NullPointer Im not a truck driver.
But 3.5Million Americans are.
In 10-15 years. AI is projected to wipe out 30% of AMERICA’s jobs. Truck driver. Fast food worker. Retail jobs. That’s MILLIONS of Americans that didn’t lose their job to another human that’s getting paid now. That’s an American losing their Job to a CORPORATION.
Millions of Americans with no job. They can try to look for another one. And some will succeed. The average age of a trucker is 49 years old. It will be hard for them to adjust. So why not help them all out so they can atleast live with some dignity. $12,000 a month is BELOW the poverty line.
This will benefit YOU. But if you really think about it. This is a SAFETY net for those in a career path who AI is looking to wipe out. It almost seem cruel not to put out a helping hand when in return this can benefit you aswell. 🥳
$1,000 a month will supercharge local economies too and create new jobs too
If it covers your basic needs like food and housing it would reduce stress immensly. You could actually focus on what you really want to do. It would also increase the amount of people doing volunteer work simply because they don't have to worry about losing income.
Yang2020! Restoring American pride
@Fatiha Stark sounds like someone hasn't done their research
You will "restore American pride" by throwing the country in a communism flavoured inflation crisis killing the economy? Weird.
@estylz1967 I'm a self-tought coder and allround ICT technician with 30 years of experience. I can also do construction and I learn fast. I'm pretty sure I'll find a job just about anywhere.
@@EaglePicking I mean Trump is doing that.
The U.S should not try to do this. Raising the minimum wage in many states has already hurt us. Prices for groceries, clothing, and gas have gone up, everything is expensive. If people want to be financially stable, they should work for it & not expect the government to solve all their economic problems.
I believe this would take alot of stress off and we all would become healthier
As to this "it makes people lazy" argument.... People work jobs they can't stand just to get by, if that... What do they do when they aren't doing these jobs? For most people: sleep, drink, watch tv, etc. Anything besides wanting to be creative and more productive!! When you free people from having to wholly commit to drudgery yet still give them the means to survive people actually tend to do more with their time. Whether it's something innovative or not. To paraphrase Einstein: "creativity is the child of boredom"
Oh I hate my job so let's steal from the the rich to pay me so I can get a different job . This behavior is unexcusable you must work to survive you cannot lay a class to the fruits of someone else's labour if you do so you become a this you cannot justify stealing by just simply working a different job using the fruits of someone else's labour let's think about this hypothetically if I robbed a house then used the money from the robbery to start a paintitng career. Am I justified on doing so. Even if I really hated my job. Well no I would not be justified to steal just based on my feelings towards a job. Anything you let the government do you must be able to do also otherwise you run into problem s with the consistency principle and perform the fallacy of special pleading
@@liberemur6555 Fallacy of special pleading. Never heard of that one. Since that isn't a thing. Debunked.
Ugh of course pigs make the argument about "stealing" from rich people. It's not theft it is them paying their fair share.
@@liberemur6555 the thing is as automation progresses, a lot of jobs will simply not exist for humans. The amount of jobs open to humans will be less than the amount of humans that can fill them by a much wider margin than today. Are you saying that you would rather have people dying in the streets because they literally have no means of attaining an income than redistributing wealth from the companies that are automating and killing jobs? And even if you regulate the companies so that they can't automate jobs or just can't because of the heavy fines and taxes induced from automation, some other country will when it becomes profitable to do so. Our economy will shrink because of this. Without a UBI, eventually people will have next to no jobs available to them depending on where they live.
@@jcaleb828 have you ever hear of creative destruction? When the jobs are replaced by automation those people find work elsewhere it is I'm possible to destroy every job because even if manual labor is obsolete there is still a nescesity to own maintian ,program and innovate. Along with that the food prices and the prices for the everything else will drop because of less cost and if a company refuses to lower thier prices then entrapanuers will provide whatever you need for a lower price and steal that companies buissness however. In order for this to work the state must stop interfering with the market by means of intellectual property laws, taxation , tarrifs, subsidies, and regulations. The market must be allowed to regulate itself and humans must be allowed to freely associate with one another. I am not saying that I would like to see people starving in the streets, and that is why I do not support. Ubi, because Ubi is unsustainable it will cause that very same problem. If we tax just the rich in order to pay for it then the rich will not be insentivised to produce things in the economy thus causing higher prices less jobs and less innovation because the rich will have everything they make stolen form them. If we increase the tax rate on the wealthy in order to pay for it then the wealthy stopped producing wealth and therefore will not have as much to tax and thus causeing us to run out of other people's money and thus causing that very same thing starvation there would be food shortages as the profit incentive would be destroyed by taxation and farmers would be dissincebtivised from producing food because the profit would not go to them thus the food supply would decrease and the food prices will rise because of it, and because of the laffer curve there would not be sustainable consistent Ubi payments and the poor would be unable to out is the more fortunate for the little food that would be being produced. Ubi must be reconciled with ethics because it requires taxation which is theft and ubi must be reconciled with supply and demand, and the laffer curve.
@@jcaleb828 I like your post. I literally lost my job due to "improved soft ware". I am the tip of the iceberg. Will see in the future how people feel when they are targeted.
You do realize that the test was given to people who were already employed and who realized that the test would end and their lives would return to normal, so they didn’t change their habits because when the test ended they knew that everything would be the same as it was before the test. Simply put the participants didn’t work less because they didn’t want to get fired, because if they got fired then when the test ended they would have no income.
Also what’s stopping people from getting dirt cheap housing and living of this money.
Also where would this money come from the US already spends most of its budget on social security.
There are 325,719,178 citizens of the US as of a 2017 estimate so if you were to give everyone 1000 dollars per month as stated in the video than the us government every single month would be paying out 325,719,178,000 dollars. EVERY MONTH
How the US could afford that I have no idea but for scale I will compare the amount of that would be required every year for this program to the amount of money the US spends every year on defense or military
Social security program: 3,908,630,136,000
Defense/military:as proposed by Donald trump for 2019
681,000,000,000
That’s right the US would spend nearly 6 times as much on this new social security program
In conclusion the amount of money the us would spend on this is gargantuan and would not add 3,908,630,136,000 because that’s nearly a 1/5 of our gdp devoted to propping up those who can’t Support themselves, CAN THEY EVEN DO BASIC MATH.
I’m leaving this hear so I get notified
Amen I did this math way earlier
First its not every citizen only those over 18.
Second, if we absorb the 1.5 trillion and roughly a trillion on Social security.
Thirdly, cut the 500 billions the gov. Spends on subsidises(oil, sugar, manufacturing)
We would be pretty close to the amount needed with out raising taxes.
I personally support UBI simply because of the takeover of artificial intelligence in the work industry. Those people who lost their jobs to AI will need SOMETHING to survive.
everything made by automation cost way less. when there is no more jobs, stuff wont cost anything .. including food
Not true.
Watch the movie 'I Robot'. The plot is more about robots taking humans as slaves but that's ridiculous. Focus on how corporations will profit by eliminating the human workforce.
Conner Hawkins In the past, this was true. But, the coming of robotics and more importantly, AI, will be radically different from the industrial revolution. Future jobs will still be created, but many will be designed without humans being even a consideration. Automation and AI will overtake many sectors and there will not be enough jobs to retrain people or new jobs for them transition to. Within the next 25-50 years, UBI will exist in some form to combat rising unemployment.
SuperMassiveMax
People said the same about the industrial revolution. Look at us now. Do most people not have jobs now?
Besides, the industrial revolution made luxuries exclusive to the high class like sugar and chocolate and coffee more common. How much does a kitKat cost nowadays? Back then most people couldn't afford a single bar of chocolate in a MONTH. Now most can afford to have one EVERY DAY.
And when machines take jobs in the near future they will mostly take menial jobs that anybody can do even without any education or training.
Joseph Massaro
Giving money to people is a good idea if the people receiving the money do good things with it.
How are you going to stop people with substance abuse issues from not buying drugs or alcohol???
It would be better to give free "basic food packages", "basic shelter", "basic healthcare and medicine" and free education at all levels.
Lack of education causes poverty. It is the number one problem facing society.
After listening to both sides I think it seems to be the most plausible solution to what is happening in our country right now. The thing that most convinced me is what happens to financially stressed people and the outcomes related to that. Personally I don’t think we have anything to lose by instituting a UBI and the quicker the better off our country will be.
Fam, I live in Kenya. There is no such thing. LOL. Who gave you your information?
Edit: Apparently its so low key that anyone I asked said they've never heard of such a thing. Carry on.
CyrusTheDark it was tried in som comminties not country wide
CyrusTheDark If you did a bit of research or read your local news you'd know it was tested in certain areas.
Poor researched content
Stockton California will be doing this.
Andrew Yang for President 2020. Humanity First👷🏻♂️👩🏻🌾 the country is divided we need someone like him to unite us all.
People only work less on current forms of Welfare because the government punishes those who report income, even when they are still below the poverty level with that income. They either have to lie about how much they are making, just to get the aid they need to make ends meet, or they have to not work and live on government housing and hope they don’t end up homeless.
If UBI were non-taxed, given regardless of income level, not slash foodstamps and medicare / medicaid, and did not require any income reporting, you’d see a lot more poor people working legal jobs.
Is this not in someway basically communism? Just an updated version of it for the 21st century?
No actually capitalist Milton Friedman proposed it.
Ok so what happens when you take enough money from the top 1% that they begin to shrink into the middle class, then who else will be there to be tax? The middle class and when that happens to the lower class then what will be left to tax?!;!
As a concept, I'm on board. In the US however, it's such a dangerous thing in the hands of stupid politicians. It would have to be somehow tied to GDP or pinned as a fixed percent of the government budget. Otherwise, it's going to spiral costs out of control.
I have a question for you. What is the benefit/are the benefits of the background music throughout the video? I know it is not the subject that you requested feedback on but my feedback is that this music was distracting - to the point that my mind glazed over some of the content in the video. This was not a problem in the several videos I watched immediately prior to my watching this one. One result of this distraction is that I remain unqualified to give feedback which I am comfortable with.
I agree - I found the music really distracting too! 😕
I honestly don't know how well it would work. I've heard so much on both sides about it that it's just impossible for me to say.
I worry about the effect it could have on inflation. I'd say I already manage my money decently well and have some savings, how will we fund a project like this, and will it long term just make the bulk of my money (which would come from working) overall be worth less? Also worried people may become lazy over entitled if they get used to UBI. The value can't come from nowhere, so unless robots are actively coming in to take on those jobs or to farm those farms and make clean food and water, that's still gotta come from somewhere.
i.e. per inflation, if the cost makes taxes go up such that every $1 in price tag now costs $1.50, is the extra 12k a year worth a 50% cost increase of all goods? Or whatever that number may be. Or if my taxes are now doubled to fund this thing, would it be long term worth it?
I've heard some good claims, like making sure the big companies can't evade taxes, reducing other programs into this one to fund it, etc. I'd have to hear some more to become convinced, of course getting 'free' money to everyone sounds good, and of course we all want bigger paychecks, but there's a cost somewhere, we need to make sure it's worth whatever that cost may be.
We're already really deep in debt, so I really don't see how we can afford it too.
I believe UBI would only be sustainable when (not if) automation manages to drastically reduce the cost of basic needs such as food, clothing, shelter, transportation and internet
I don't think Milton F supported this. His idea was to incentivise people who produced more as opposed to incentivising people to work less.
I’m a Social Democrat, however I would only support UBI for good only if automation takes over.
How much automation has to go through before anyone can judge whether automation has taken over harry?
+Shaise Mughal Not quite, Social Democrat as in the IDEOLOGY lol
+Marie Blessed No it’s not, it works in Scandinavia
You can’t just wait for the worst to happen to act. Just think for a moment that time in between waiting for something like this to happen and legislation not being in place to the time it’s here and legislation isn’t already set up to be there for the people.
Automation doesn’t take over immediately.
I thought you were going to include the negatives?
I like the sentiment and idea of a UBI but it would cost way too much. During the pros portion she cited studies conducted in the 60’s that showed the incentive to work doesn’t decrease, I would argue that the work ethic of the 60s compared to now could be very different.
I'm more critical on that issue. No wonder that finnland ended it's UBI program. It would cost a ton, what could hurt productivity, prices will go up, which hurts the competitiveness of US products in the global market and all of that for a program that doesn't actually support poor or people in need but all people in general. It would be more useful to support social programs like a universal health care, social services for unemployed etc. These programs have the benefit that they could actually help while UBI cannot really change the behave of people to good. The idea sounds great, I really love that it tries to solve the fear of being totally lost if you fall, but I would say UBI is more of a thinking game rather than an actual concept that could work in reality
Alaska has been doing small scale UBI of $2000 dollars for the last 40 years!!!!!!!!
Thanks to the large amount of oil reserves
UBI would be in place of many of the social programs we currently have, not in addition to it.
If you believe that you're extremely naive.
@@sublimetrance nah, it'll replace things like food stamps etc... thought this was obvious... also, doesn't cover those over 64 years old
There was a sentence that always struck a me, it goes like
“ do you know who’s the smartest person on the earth?”
“It not Einstein or Tesla”
“ it probably someone who died because their family couldn’t afford for food”
All I want to say is, with UBI, it can help peoples to move on from daily struggles and help more people to focus on a more progressive task, thus creating more productivity in the nation. Imagine if people not just work because of money, but instead because of passion.
It is NOT free money. It is money that you paid to the government through taxation. Which means that its actually a big tax refund.
By the way, a UBI will not raise your taxes. The US & Canada already spend enough on Welfare programs to pay everyone $1,000 a month from birth to death. I discovered this for myself using just Wikipedia and the numbers it gave me on the budget for Welfare and doing the math to find out how much per person per month. You would actually save money. Basically, UBI eliminates income assistance programs and replaces them with a single monthly payment to every man woman and child.
Think about, its a Conservartive's dream. Eliminate Welfare, reduce that bureaucracy, give back your taxes. For Liberals its a dream come true. Eliminate poverty and redistribute wealth.
Consider, as well, how this would work for families. Each person in your family would receive the UBI. Two parents with two kids would receive, as a family total, $48,000 per year. I bet that is something that both sides of the fence would support.
Yang2020
What happens if the rich move or corporations collapse and tax collection reduces
You could say that in relation to anything taxpayers spend money on. I've seen alot of advocates for ubi say it could replace social welfare and save a bit of money as less paperwork is involved (social welfare is very bogged down in paperwork). Kurzgesagt did an excellent video on ubi if you want to learn more.
There's no reason for corporations to collapse. Social welfare programs already exist and they are doing fine.
Bengali - Doing fine is rarely good enough. It would be much better for both the poor and the economy to replace welfare with ubi
Bengali - companies fail for various reasons
Bengali - I'm saying what if companies collapse due to competition or lack of innovations it means less revenue collection. I'm not saying ubi will make them collapse
$1200 a month to bill gates wouldn’t have the same effect on him as it would have on the impoverished, though. That would afford them better meals, car repairs, etc. life changing. I think it’s an awesome idea, if only we could all agree on where to get the money from.
Wealth is above enough for all.....raise the tax on rich and share to poor...
the only way automation could be a bad thing is when only a small majority of people are allowed to be shareholders / investors . if everyone is given a chance to be a shareholder in one form or another of automation the only people that will still be suffering are the people with addictions who spend their money poorly .
If you want people to have a universal income maybe you shouldn't tax them
Kase 317 if you don’t tax people, then how do you pay for public services like police, road maintenance, sewage systems, emergency services, public education...
We all benefit from sewage lines, so why not pay collectively into a system that maintains it? Or would you rather a toilet come with a monthly subscription?
saikoujikan what about the people that don't use these public services at all. That means you're robbing these people for service that they don't want or need.
Kase, like it or not, every single citizen relies on one or more gov't services, from the air we breathe, the borders we protect, to the laws we enforce. In Somalia, there are no gov't services. Would you really want to live there?
Jim H. Somalia has a low IQ population. That one of the reasons why they can't have a functioning government. Taxation is theft of labor or value. What about people that live off the grid. Government doesn't protect us and it leaves us defenseless against it.
" Somalia has a low IQ population." Precisely. How do they fix that? Start educating their citizens. Which requires taxes to pay for schools, and the infrastructure to get to those schools and keep them running.
Those truly living off-grid (maybe .001% of total US population) won't be paying taxes anyway because no one will be able to contact them, and they don't use mail/banking service to pay taxes anyway. Your "off-grid" argument is anecdotal and ridiculous.
Lets also be sure to get rid of capitalism.
And heck, let's start questioning the price system altogether.
And replace it with what? What Cuba has in which people have to work a 2nd job (taxi-driver, prostitute, etc.) because their state-controlled wages and benefits are just not cutting it?
this would allow me to pay for equipment needed to get back to work.
This has already been reported to be scrapped in Finland months ago.. c’mon, keep up to date.
Who’s here from kurgzsagat
How would this affect taxation and inflation? What's $1,000 worth when everyone has it?
Companies aren't going to suddenly hike up prices becayse more people have money. That's illegal.
@@reedmartin7185
But they will hike up prices to cover their suddenly higher operating costs and taxes.
If everyone gets the same money from the government, where will it come from?
You give everyone $1000 and 1000 becomes the new zero. This is a terrible idea.
Andrew Yang!
Giving money to people is a good idea if the people receiving the money do good things with it.
How are you going to stop people with substance abuse issues from not buying drugs or alcohol???
It would be better to give free "basic food packages", "basic shelter", "basic healthcare and medicine" and free education at all levels.
Lack of education causes poverty. It is the number one problem facing society.
A T that's what i am thinking . But you know what. I think both system wouldn't work well in a very high population country like indonesia and india
Could you ever stop addicts from buying drugs and alcohol? I don't think UBI would make any significant change there.
Addicts would just exchange food for drugs.
UBI could only work on develop countries
Minstorm. The big change with UBI would be that they didn't have to commit crimes to get the money for drugs. Or work high and maybe endanger other people.
Romans also had UBI. It was a food subsidy that fell into the panem et circenses. Tomans started to have so many slaves that Roman empire citizens had problems to find a job. So they needed the subsidy. Today, automation is the equivalent of abundance of slaves. Romans increased the number of slaves and that brought massive unemployment until the empire colapsed.
Never gonna happen. No motivation to work for the income = High unemployment.
Humanity First!
Yes yangstas rise up
Yang 2020 I want a free paycheck!
It's not that the lower income earners will stop working its that the middle and high end producers will slow or stop production (i.e. tax producing activities that actually fund UBI). The progressive taxation that is necessary to finance a UBI means that the more a person earns, the higher percentage of their wealth will be taken from them. The work disincentives are therefore still very much present in the tax system. They’ve simply been transferred onto different, higher income groups of people. In addition UBI subsidizes non-productive work. Work that simply isn’t productive according to those who would potentially consume the goods or services in question (i.e. work that does not produce taxes that fund UBI). UBI allows non-producers to continue their less-valued endeavors with the money of those who have actually produced value. There is a reason UBI was cancelled in Finland and has never been successfully implemented anywhere, its just not sustainable.
Ya, welfare, food stamps, section 8 housing really worked. All these programs did was ensure a permanent underclass trapped in ghettos.
Just as Lyndon Baines Johnson intended.
Yes UBI the best way to get the people be dependent on the Government forever.
I don't think that UBI will make people lazy. Or discharge to do job . But yes government have to make sure money only should have to distribute to average citizens but not for bill Gates type people and money should be less atleast people can afford the rent n buy food for just Survival or live stable life if they will not have a job for some period of time .money should not be excessive it will may turn people to buy luxurious things then they would feel neet not to work
Giving everybody free money will basically eradicate money's value. This will cause immense hyperinflation and a swift economic collapse. A thing I don't understand with you socialists, is how do you expect to pay for this? Providing everyone in the US with poverty line income ($12000) will cost nearly 4 *TRILLION* dollars! That is literally the entire US federal budget. This is why it will never work.
isn't that basically a glorified version of the modern day welfare system. how do you expect to pay for the a ubi that only functions to serve the unsuccessful. the only way to fund this without having the taxes cancel out the benefits of the ubi would be to disproportionately discriminate and steal from the successful. we shouldn't steal from the rich just to give to the poor this promotes fiscally irresponsible behavior as these people will have all of their basic needs met so they will then spend the rest of their money on things that are not necessary to get out of poverty because the government is keeping them out of poverty this will make it so the money that is stolen from the rich will be wasted. we need to cut off welfare and take away these safety nets these produce fiscal irresponsibility the poor need to suffer that is the only way for them to be motivated to innovate and become successful. If they are threatened with starvation. don't get me wrong I have no problem with helping the poor as long as the person who is helping the poor consents to doing so. just because some people are worse off then you dose not mean that you get to tell someone to point a gun at the successful person and force the successful to help.
@@liberemur6555
I will pass that on to my profoundly autistic son who is non verbal and still wearing diapers because of government mandated immunizations. Surely it will motivate him.
@g
Because working people get it too. You do understand that dont you? Everyone gets it. This would give working people an opportunity to invest their own money for retirement and not have to worry that you will never get it back. You could make that money work for you.
The reality of it is that people who dont work already get at least that much in different types of aid.
@g
That's not true. Research further. That money comes from revenue that is already paid, the money saved (yes it saves money in many ways), the money normally spent for administering hundreds of current programs and money spent on current programs.
Did you watch the video?
3:53 Finland did a 2 year experiment recently with 2000 people and had hoped they would start more businesses and get a job, but the opposite was true. So they canceled the UBI because it doesn’t work.
Here's another idea.
UBI as the primary source of inflation. Instead of inflation coming from central banks loaning to private banks then onto investment and lending. The same printed money could be fed into the economy via a UBI.
Even better, if an economy was based on a cryptocurrency, the UBI could be generated automatically as part of the algorithm.
The promise of imminent automation should be more than enough motivation to implement UBI. It's not going to be perfect at first but as they say, the early bird gets the worm.
Funniest thing I have ever heard. The problem with programs isn’t the effect they have at first it is the effect they have over time. Look at welfare and the affect it had. On the African American community.
@@jamiekloer6534
Exactly.
YangGang
In India we have very extensive public distribution system. We supply rice, wheat,oil,sugar and some more groceries. But there is lot of corruption in this process. To prevent this we can slash all these and directly deposit all that money into beneficiary account. Every thing have it's pros n cons. Let's give it a shot
if it worked they'd still be doing it, and would have expanded it. welfare made things worse. UBI would do the same. corporations supporting it only because it would mean a gov subsidy.
this is the only way humanity will survive in the future.
If you can only buy
food & a place to live,
UBI will work.
巨人の肩 sounds very thorough 😂✌🏾
No it won't.
Educate yourself on the concept of inflation and then you'll understand why it won't work in the simplistic way you thought it would.
Why wasn’t Alaska mentioned.....they get ubi and pay for it with oil money and was passed by a republican governor almost 40 years ago
I might’ve missed it, but where would the money come from?
Andrew Yang- “I will literally pay you to elect me!”
Educate yourself.
So true
@@3rdStreetSaint91 On what?
Exactly. Buying votes should be illegal, shouldn't it?
@@3rdStreetSaint91
Why? He's right. Andrew Yang is a vote-buyer.
If the US had a Universal Healthcare system it would be cheaper than the current system with savings similar to hosting a UBI, therefore paying for the UBI with no net loss to the country
We have this in the Philippines. Called 4P’s Program. The government gives free cash to a list of many people and many families who are classified as under poverty.
This is essentially Social Security income for all. I love the idea of working and receiving a paycheck, and getting an extra paycheck just for being a citizen on top of that. A $1000, check each month, sign me up. Plus I heard from another source that it decreases stress and increases productivity.
Bernie?! 🙄 No mention of Andrew Yang!
Exactly, the entire discussion of UBI here including all the details is basically copied from Yang. So the media black out on Yang started back in 2018.
PEOPLE WANT TO WORK
THEY JUST DONT WANT A "JOB"
A JOB IMPLIES SLAVERY
WORK IMPLIES FREEDOM
If it replaces welfare and other government handouts, then I am okay with it, if it is added on top of existing benefits, then no