Basic Income: The Free Money Experiments | Moving Upstream
Mark Zuckerberg, Elon Musk, Richard Branson and other tech titans are promoting the idea of universal basic income, as a way to help citizens weather job disruptions caused by emerging technologies. Canada is giving it a try, with a pilot program that gives participants up to $17,000 annually for three years - no strings attached. WSJ’s Jason Bellini checks in on this free money experiment. Image: Ryno Eksteen and Adele Morgan
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Little does this guy know journalism is one of the jobs expected to be gone by 2030.
@pinkyogioriginal
5 жыл бұрын
Uh oh!
@7PropagandaPanda7
5 жыл бұрын
source? lol
@cazkeymekam6427
5 жыл бұрын
@@7PropagandaPanda7 how about Andrew Yang.....he's only a presidential candidate. With your sassy bs fuc outta here.
@ifonlycainwereabel2110
5 жыл бұрын
Little do you know that Andrew Yang has specifically stated that he wants to aid local journalists to give more nuance to lobby-supported News Corporations.
@avatarmezzy2980
5 жыл бұрын
7PropagandaPanda7 you could google it I’m sure. I was even surprised at the number of automatable jobs this is all I could find so far I’ve seen an article on it can’t find it. www.google.com/amp/s/www.cnbc.com/amp/2019/01/25/these-workers-face-the-highest-risk-of-losing-their-jobs-to-automation.html
It's not free money, everyday citizens contribute to the economy and they're getting it back like they should.
@thebrand14ify
5 жыл бұрын
Why can't they just keep it in the first place?
@louisphilippe1100
5 жыл бұрын
@@thebrand14ify I think what he means is that like citizens buy new phones, which increases a corporation's profit, which is good for the economy. And after all of that, the corporation should hand that money back to citizens. TOTALLY MAKE SENSE!
@Syklonus
5 жыл бұрын
@@thebrand14ify Some people don't have it in the first place, but this will help them to be in a place to contribute rather than being on the streets which helps no-one. The money goes right back into the economy, only people will have something to eat and the ability to pay for a roof over their head. Any luxuries will have to be gotten by finding a job, but a full belly and a warm bed will help them to get that job. It's a meagre amount in the grand scheme of things, but one that could do so much good.
@ellenlee1
5 жыл бұрын
@@louisphilippe1100 WHAT IS THE CORPORATION GOING TO USE TO PAY THE EMPLOYEE WHO WORK TO MAKE THAT PHONE AND GIVE THEM BENEFITS.. THE CORP PAY THE STOCK HOLDER THE PROFIT BECAUSE STOCK HOLDER INVESTED THEIR MONEY IN THE CORP. YOU BUY THE PHONE BECAUSE YOU WANT TO BECAUSE YOU NEED IT. SO YOU WORK TO MAKE MONEY. YANG VAT WILL MAKE THAT PHONE COST MORE. MONEY THAT YOU WILL HAVE TO PAY FOR.
@IgnorantC
5 жыл бұрын
I don't think it's a good idea to simplify an idea that needs an actually good explanation into whatever you wrote there.
Jason Bellini isn't a very good journalist in this video. Just comes off really ignorant and worse, arrogant in this story process. I hope he develops.
@ThaexakaMavro
5 жыл бұрын
you're right
@AlexeyVedernikov
5 жыл бұрын
Larry Wong that’s because the idea is idiotic and he can barely hold himself from yelling BS!!
@avatarmezzy2980
5 жыл бұрын
Alexey Vedernikov 400 study articles on basic income. There are still 70 more experiments you can look up. Believe me man, I had no idea of these either. Basic income is that best stimulus for the people backed by data. You should read his book on the topic. basicincome.org/research/
@MistorDi
5 жыл бұрын
@@AlexeyVedernikov Except that only willfully ignorant complete idiots think that UBI idea is ’idiotic’.
I'd rather people watch Netflix all day than starve.
@tc4877
5 жыл бұрын
This
@Eternal36595
5 жыл бұрын
Lol what's wrong with Netflix Netflix is lit if you know how to find the good shows and movies
@sunyboy333
5 жыл бұрын
Would you also pay for it with your own money? If the answer is yes, you can already do that, nothing is stopping you from donating to food programs. If the answer is no... well... Or let me guess you have no income because you are still in school right?
@jgdooley2003
4 жыл бұрын
Transition from a work based economy to a robot economy will not be easy. Who decides who will work and who will not? How do you continue to reward work and effort and discipline in the future when people see their neighbours "lazing around", "having a better time" etc. In the past the absence of work was seen as a luxury, now it is a burden imposed on some people not lucky enough to have a job. The big question for the future will be who works and who doesn't. Do you share out all the hours and duties available in a society? Do you change the motivation for working from survival (food, shelter, healthcare ) to other more lofty goals? Would it be possible to reserve luxuries such as holidays, fashions, etc for workers and only give credit to non-workers for essentials such as food? This is the case in the US with food stamps. While the end goal might be reached where everyone who wants a job gets a job and those who don't wnat a job get the essentials for life, I guess the transition will be long and stormy as with all human things.
@Kolstee152
3 жыл бұрын
Watching Netflix without eating will make you starve.
Does this host not recognize this is a UBI EXPERIMENT? The whole point is to learn how people would use a UBI, so they want to make it randomized with minimal requirements, and they want people to have the freedom to use the money how they see fit so they can track outcomes. Some people "slacking" is an almost certainty, but if the cost of those "slackers" is cheaper than paying for the bureaucracy required to prevent "slacking," UBI will have been worth it. But clearly this host knows how it's going to turn out, which is why he is considered an expert in government assistant programs #SaidNoOne
@MrDjungelkungen
6 жыл бұрын
I agree completely
@morosis82
6 жыл бұрын
I'm not entirely certain that the host actually thinks this way. Consider that he is asking the question that a lot of people want to know about this, to the people who have the potential actual data to answer it, rather than guess. Look at any article or video on the subject and the comments are full of people making the assertion that it can't work, people will be lazy, etc. This is a real fear that people have, whether founded or not. What he failed to get into this video (though it is a series so perhaps the point will be made) is that people already game the system. As for me, UBI is a genuinely interesting idea, and the potential upsides have already been shown to be possible in various ways (consider inexpensive micro loans in developing countries). The potential downside is something that already exists in the current system, so it's worth finding out if that will get worse, or the upsides make it better.
@TheGoodContent37
6 жыл бұрын
He is an ignorant idiot. He doesn't understand the statistics that show how people preffer to work instead of doing absolutly nothing the entire day. Maybe he would do nothing with that money because he had a privileged life and he is not used to struggle, but people suffering do the opposite, they work according to the numbers. So lets see how this EXPERIMENT does.
@velara314
6 жыл бұрын
Clearly someone slacking is much worse than homelessness or poverty. "I would rather 99 people suffer than 1 person be able to slack." - some people.
@Nobody-11B
6 жыл бұрын
Misinformation campaign in full swing.
The video was great, but the interviewer seemed massively biased tru the whole thing unfortunatly.
@innerchildsleepoverparty
5 жыл бұрын
Yeah he was extremely judgmental
@ViolettaVie
5 жыл бұрын
I didn't like his attitude. He could challenge the people he is interviewing without making that dumb face and talking about Netflix.
@jsboeve
5 жыл бұрын
Yeah, he failed as a journalist. He should maybe consider a job he is more suited for like a puppet since he clearly has someone pulling his strings to skew the attitude of this piece.
@ransom182
5 жыл бұрын
Are we surprised? It’s the Wall Street Journal.
@uilium
5 жыл бұрын
How do you have bias to a theory's unknown effects? What are you a practicing master engineer of economic systems?
Wow I'm not sure the interviewer could appear more condescending if he tried.
@ssquigglyboomt.v.594
5 жыл бұрын
Sounds like he's doing bad impression of Christopher Walken. Very bad. Did I mention it was bad?
@danorion369
5 жыл бұрын
haha.. WSJ lookin' bad with this guy.. just canceled my subscription.
@jeffkeil1595
4 жыл бұрын
I could be more condescending.
@matheusv.deazevedovenicism6883
3 жыл бұрын
It's humanly impossible.
Why do people like the host believe that people are inherently lazy?? Most if not all people would probably hate to just sit around and do nothing all day for years. I feel horrible if I go one weekend not doing anything, let alone months. Most if not all people WANT to work, we as humans like to feel useful and we like to have goals. To think that people will just sit around and do nothing indefinitely if they could is so unrealistic.
@oldladywhocares3223
5 жыл бұрын
I have a guaranteed basic income known as a widow's benefit. I have been laid up for a year with health issues. I have been forced to do internet surfing and reading. Done all my books sometimes twice or more; my subscriptions, etc. It hurts to sit for very long so can't feel comfortable except in bed or draping in a chair. I have had a very active life until now. Not fun and wouldn't be this way if I could avoid it. During my younger years, laying around just wasn't in my nature unless it was to think. As for the reporter, it's tough being young because you haven't got a clue about life. Not a put down. Just is the way being a human being is.
@jacob2359
5 жыл бұрын
Look it's not that people wont do anything for years, it's that they won't do anything productive for years. Sure, right now it feels awful if you do nothing all week and then go to work having "wasted" your free time, but in basic income you dont have to go back to work at all. If work was voluntary, can you really say everyone will still work? Take weight loss for example, it requires voluntary work to balance calories vs exercise. How many people choose to take on that work? Not to mention this is based on automated businesses paying heavy taxes to fees their own customers, not only would this system fail to give people more than minimum opportunities but it'd keep them in the welfare cliff.
@austin_irabor
5 жыл бұрын
It actually doesn't matter whether people are lazy or not. The cost of living would just follow an upward trend to match the rising cost of doing business incurred by the very producers who subsidize your life (because their profit gets funneled to you, and they want it back). So if $17,000 were the UBI figure, then $17,000 would be the new zero after producers correct for the UBI tax. Imagine grocery stores increasing prices to offset UBI, then car companies, gas stations, etc. This isn't rocket science.
@DevinHeida
5 жыл бұрын
@Jeremy Jackson regardless is its stuff they dont need, if they are spending it, they are spur the local economy which is another reason why UBI is being proposed. The majority of wealth is going to the few and far between who dont spend it on you or me or at the local stores and thus put those out of business.
@drippingwax
5 жыл бұрын
I can tell you for sure that I am lazy. I meet my work deadlines and I try to finish them early, but I have a school quiz this afternoon and after skimming one chapter, I am back at KZread. I started painting Mom's house almost a year ago and still have not finished. My car is up on blocks in the garage, waiting for me to finish. I have endless projects waiting for me, but here I am on KZread. Not Netflix, though, I cannot afford that!
This guys interview skills are too distracting to enjoy this video. He obviously doesn’t understand The basics of this experiment.
@floormatt3
5 жыл бұрын
I think part of it was voicing the main talking points of each side of politics with regards to UBI. Most right wing inidviduals I talk to and even many left wing call UBI a handout and that if everyone got it then no one would work and watch Netflix all day. Well, he voices that talking point to figure out people's response. He kind seemed impartial to the couple's problems, though.
@xaviermccloud4586
5 жыл бұрын
@@floormatt3Only stupid people or children would believe that. A thousand dollars isn' better then two and also all the small businesses made from this would boost productivity. You people need think better.
@waltermiller9056
5 жыл бұрын
Clearly! But to be fair i dont follow the "Logic" of giving a painter who makes $200 a YEAR an income because they "Work". Or $17,000 to a guy because he wants to make puppets and not get a job with a better wage.
@jibbsthesquib
5 жыл бұрын
Dustin Draper man, you guys are all right, this guy interviewing is terrible.
Those guys saying you should work in exchange for basic income are missing the point. There may not BE jobs for humans in the future, which is one of the reasons we're entertaining the idea in the first place. I think basic income is a great idea. Would rather have the people around me lazing around in comfort than being stressed, homeless and potentially resorting to crime.
@letsgetsomeshoes1239
6 жыл бұрын
@mark yeah okay grandpa, facebook is that way
@DsiakMondala
6 жыл бұрын
It's true that people are lazy, but automation would get implemented even if we had a 100% dedicated workforce, it's non-sense not to automatize what can be automatized.
@amyx231
6 жыл бұрын
There’s always going to be work. Even working 3 hours a week is showing you are willing to contribute to society. Although that’s totally abusable and not easy to enforce - if I sell a painting, that’s work. Lol. Basic universal income for all is a good ideal though.
@wavey61
6 жыл бұрын
@mark you don't even use critical thinking do you? No? It shows... Here... Let me walk it through for you: You think people are being replaced because they're getting too lazy. So let's use that as an assumption and see what happens. If people are too lazy, what happens in the real world? They get fired. They get fired, and someone else gets hired in their place. So the threat of being fired from your job will likely keep people from being lazy, or at the least, meet the minimum standards set by the employer. There's so many people looking for a job out there that people are easily replaceable, so there's a natural competition to be motivated to not get fired (AKA work harder). So if being lazy is not the reason why automation is becoming a thing, what else could it be? Well... maybe the machines does a better job than the most hard working, most efficient humans? A single machine can do the job of 1000 hard working humans. So it doesn't matter if someone is lazy or not, they WILL get replaced once a machine is built capable of that job. So these are all just words... so let's get some visual demonstration: In this video, this machine is modifiable and modular to do almost any hardware manufacturing: kzread.info/dash/bejne/gqibz7tuo6nadNY.html See how fast it produces things? Find me ONE human in this world that can produce at this speed. On top of that, this is just CURRENT day technology! With artificial intelligence and smarter and smarter computers, these tasks can become more and more complicated. Here are a list of jobs that can (and probably will) be replaced by machines in the future: Gaming dealers (think Vegas delaers) Accountants Broadcast Technicians Construction workers Office assistants Atmospheric and space scientists Dental Hygienists Security guard Bus, taxi, semi truck drivers Waiter/waitresses Boring and drilling machine operators Cargo and freight agents Correctional officers and jailers Social science research assistance Locksmiths Restaurant cooks Oil, gas, and mining operators Private detectives Recreational vehicle service technicians Highway maintenance workers Certain types of electricians Flight attendants The list literally goes on almost forever! Type a job in here (even complicated jobs) and you'll be surprised who gets replaced, or click on the "random generator" to see a bunch of random jobs you wouldn't even think about: willrobotstakemyjob.com/
@bigmanx55
6 жыл бұрын
That's actually not true. From an economic standpoint firms will only automate if it reduces average total cost of production, hence increasing profits, and that isn't always the case surprisingly.
“More puppets! I don’t work well with people” 😂😂😂😂
@Zer0cul0
5 жыл бұрын
I need to know if he got them puppets!
@memadman
5 жыл бұрын
I identify with him 100%. People suck.
@StudioUAC
4 жыл бұрын
seems like a stable levelheaded person
@alexsandoval4248
4 жыл бұрын
This is proof that the program will and has failed
@tenetsucks9602
3 жыл бұрын
I invite him to join us in the real world
Andrew Yang 2020
@rantym35
5 жыл бұрын
Yes!!!
@gfdthree1
5 жыл бұрын
Andrew Yang wants a national social credit score for each individual. Not too far from what China does.
@AliBooondok
5 жыл бұрын
G D Wrong. You are purposefully being ignorant and trying to push people away. Maybe if you took a moment to read his policies, you wouldn’t be so uninformed.
@gfdthree1
5 жыл бұрын
@@AliBooondok I'm sure it doesn't sound as bad as China. You have to move in baby steps to stay below the radar. Your trustworthiness of government is frightening.
@theworldoverheavan560
4 жыл бұрын
@@gfdthree1 yep
Get rid of this host
@forrestl5597
6 жыл бұрын
he's really awful
@benusman1738
6 жыл бұрын
Yep, I also felt like he is constantly pissed off by the idea itself, and it shows
@abrahamlee663
6 жыл бұрын
Idk, I think an effective way to get the most out of an interview is to set it up in a way such that the interviewee is required to counter an argument. I feel like he did an excellent job though I feel like the questions could have been edited out.
@mrWeevil1
6 жыл бұрын
No he is playing devil's advocate. This an experiment not a communist revolution. It is logic to be secptical of such a radical plan, relative to conventional advice. Also if the show persented it's self in favour of the plan the show would be biased and alienating to people who don't already agree with universal living wage. Additionally if the program fails, assuming positive bias, the show would also fail.
@pkunkbwok
6 жыл бұрын
his face - i feel like i'm on LSD when i watch him talk
It seems that the host doesn’t understand that it’s an experiment. The randomized trials are good because that means it’s generalizable to the population as a whole. If they made a work requirement, and the working people were successful but when applied to the whole population those that didn’t work failed; then they made a policy based on false information. If it fails then it fails and won’t be made policy because the evidence isn’t there that it will assist people. He seems to be campaigning against something that may just end up proving his point. It’s not even costing them that much money so the program is probably worth it in the long run just to get the data.
@HamguyBacon
6 жыл бұрын
he's indoctrinated with the mentality that capitalism is the only way and people will just laze around if you give them money.
@muckypup595
5 жыл бұрын
@@HamguyBacon Capitalism is trade by choice. So yes, that is far more preferable than trade by force.
@velar123
5 жыл бұрын
He is not campaigning against it, he is practicing good journalism. This video paints basic income in an incredible favorable light considering that everyone interviewed was for the idea. The host is simply asking contrary questions to get answers from the interviewees. This is a good way to understand the deeper reasoning of the projects and start a conversation. He doesn't put forth an opinion, he just asks questions that any rational person should ask, and the interviewees are free to respond.
@atari7001
5 жыл бұрын
Socialism has been tried over and over. This is not an experiment. The outcome is predictable because this has been done before. Families barely making their expenses will be taxed to make lazy, unproductive people, richer. Venezuela tried the universal income strategy and now they starve. Socialism kills opportunity, confiscates property and takes freedom.
@destroyerdragon2002
5 жыл бұрын
@Jonathan Rolfsen the majority of legal votes were for Trump.
Andrew Yang is running for President of United States, you all should vote for him.... this is one of his main policies...
@JuanSanchez-eq3vq
4 жыл бұрын
Darren Pang where is this money coming from? Are we going to tax everyone an extra 50%? All that for an extra 1k a month?
@mickdavis2385
4 жыл бұрын
There are better ways to deal with income inequality, without turning the U.S.A. into a communist nation. We start by abolishing the federal reserve. You people are stupid if you trust Mark Zuck. He wants you to be dependent on government cheese, do you think there is a reason for that ????
@ProdWowEthan
4 жыл бұрын
Jmoney No a VAT (Value Added Tax) will be added and it's a better and more effective way of getting tax revenue from companies in small quantities. Europe tried wealth taxes and it didn't work and so they implemented a VAT and it's successful.
Is it worth sacrificing the benefit this could have on all of the honest, struggling families out there to avoid the risk of the few who would exploit it? I'm thinking no.
@wingsofpurityofficial4031
4 жыл бұрын
Of course not. Yang 2020!
Bill Gates, Elon Musk, Mark Zuckerberg, Mark Cuban, they are all visionary people, listen to them explaining what the future will be and why we need basic income Andrew Yang 2020
@shaaronie
5 жыл бұрын
They're the same human gods who have sucked up all of our resources making UBI absolutely necessary! Andrew Yang 2020!
@danorion369
5 жыл бұрын
the movers of our generations vs that dude that represented Mitt Romney in his horrible presidential campaign.. hmmmm.
@vishalgiraddi5357
4 жыл бұрын
How about kicking robos out of the economy...... provide people with work not free money
@shaaronie
4 жыл бұрын
@@vishalgiraddi5357 How about people being provided with access to the Earth's natural resources and not be required to rent one's body to the rich just for basis sustenance?
@vishalgiraddi5357
4 жыл бұрын
@@shaaronie yes, America needs to tame it's corporations, Insted of "providing people with earth's natural resources", focussing on state owned enterprises, more regulations on private enterprises would be better At the same time we need to ensure we don't overstep and introduce excessive regulations
The interviewer needs to be replaced by a robot because baby he is giving me straight AT-TI-TUDE!!!!!! 🙄
@moviesjean23
4 жыл бұрын
Vashti Perry loool
Just saying Andrew Yang
@200Carl
5 жыл бұрын
Hey I don't live in the USA, does Andrew Yang support universal basic income?
@desireer111
5 жыл бұрын
@@200Carl YES :) His platform centers around UBI.
@billboyd2009
5 жыл бұрын
Universal for the people he likes, Universal obligation for the people he doesn't like!
@desireer111
5 жыл бұрын
@@billboyd2009 And the people that Yang "doesn't like" are the many companies who not only hoard wealth thru taxes evasions & lay off people to boost their CEOs' salaries, but also preach on the old beliefs in the "trickle-down economy" to fool us AND the government into thinking that this is ok, so.... yeah. I think it's pretty understandable for the average working-class, tax-paying American to NOT like these companies, not just Yang. :)
I disagree with the meaning of work bit... People working in Retail, Fast Food, Trucking, etc. have no meaning in life... It's just a paycheck to support their family. These people would use their free time to do something they like. Maybe start a local bakery, produce art/music/theater, participate more in church or local community events, start a tech company, carpentry business, etc... This will become the new economic engine that will take us to the next century. As opposed to the current system which is basically based on Wall Street gambling with everyone's money. We need to pump money back to MAIN ST not WALL ST!!!!!
@Kaygeedagee
5 жыл бұрын
mrbam88 these people are in bad situations because they have a history or making the wrong decisions- getting pregnant before they are able to support another life, not continuing school by choice, not making smart choices with what money they do have, partners who don’t help them get ahead in life, mental instability that leads to bad decisions. Getting free money will not change bad decisions for the majority of them. A small percent will actually do something to better themselves with the money.
@mrbam8833
5 жыл бұрын
@@KaygeedageeYou're missing the point. Letting people struggle in society hurts all of us. We want these people ( who make bad decisions) to not hurt the overall economy. We need everyday people to spend money! It's the fuel to a healthy economy. Otherwise, we are no different than a 3rd world country. It's about increasing overall economic growth for Main Street. Obviously, the big cities will be fine, but what about rural America? Let's not focus on identity politics! It's just a tool to divide us. Let focus on helping everyone. It like in sports, you have to get everyone on the team involved to win! You got to have a strong bench to win a championship! You shouldn't only care about the superstars...
It's interesting, if people get a UBI they're looked down upon by some in society for not working. If they work 40 hrs a week but can't escape poverty, they're looked down upon by society. Here's the thing, you can't escape the fact that some will become complacent, but most will not because the UBI is help but doesn't provide enough to get whatever they want in life. Therefore, they use the UBI to help getting what they want easier. This is effectively what rich children have and look what it's done for them. They are much more successful on average than those who have no assistance
@GoErikTheRed
6 жыл бұрын
Of course, if we were to implement a truly UNIVERSAL basic income then there would be no stigma associated with receiving it because even the top 1% would get it.
@aidenhubbard5591
6 жыл бұрын
GoErikTheRed and that really is the goal I think. Welfare systems that stop providing at a certain income don't work. My mom works in administration in her company, she's the boss. She had a girl working for her on welfare who refused a promotion multiple times because she wouldn't be able to get her welfare check anymore
@virgobro2025
6 жыл бұрын
I'm going to be gardening & woodworking even if I got free money. Some people find passion in their work, but most people would rather sit around doing nothing.
@aidenhubbard5591
6 жыл бұрын
Darin Gainey I feel like with all the extra free time on your hands, you would find some way to contribute to society. Also studies have shown that this isn't true
@Darkblastdragon
6 жыл бұрын
Psychology also tells us that people are happier working and tend to seek work - although what 'work' means differs among people. For some people making KZread videos is their preferred line of work - I'm sure many economic conservatives would scoff at the idea of recording yourself play video games as a form of work via entertaining others, but many people have shown it is viable if poorly paying. If people refuse to work if they don't have to, that would imply that everyone who is wealthy enough to retire for life do so immediately when they are able - but this isn't the case. The vast majority of human beings are psychologically driven to solve problems. This idea that UBI's would drive people to do nothing is bogus.
I hope it's obvious to everyone how this piece was being framed. A great example of why legacy media is failing.
@bigchieftomato
6 жыл бұрын
it is the wall street journal, after all - thanks for the good point made
@cristlewrite7944
6 жыл бұрын
Yea he had a certain... Judgmental tone. The negativity was subtle but there. I don't know if legacy media is failing but I do know this video was a little bias. Then again, what isn't?
@Nobody-11B
6 жыл бұрын
Misinformation begins years before the issue ever hits the ballot.
@aitch9053
6 жыл бұрын
A genuine scientific study hopefully wouldn't be biased towards any one conclusion. Unfortunately, something like this needs some pretty massive funding, and whoever funds it is probably going to be expecting a certain answer ahead of time. And it really bothers me, because this issue deserves a fair look. It's not some distant philosophical notion, these are people's lives being deeply affected. A potential root change to societal structure. But no, instead it's all point and laugh. "More puppets". Of course.
@MidnightH3ro
6 жыл бұрын
Framed? What you mean? I saw a comment say how he was being negative idk if that's what you mean but you have to challenge something like this because people will cheat and it ain't that easy to just give everyone money.
Thank you Andrew Yang! He is not LEFT or RIGHT he is FORWARD!!! We love Andrew Yang on the Politricks Podcast!!!
@tenetsucks9602
3 жыл бұрын
Straight into the pool of lava
She reminds me of my mom. I wish I could give her a hug.
MORE PUPPETS!
@jonathanozik5442
6 жыл бұрын
LOLed :D
@rios1654
6 жыл бұрын
For the love of god YES!
@rogaatnine2380
6 жыл бұрын
Yeah i thought that was abit stupid but when no one works anymore people will focus on their hobbys they will focus on achieving their dreams insted of working a job they don't like just to survive while someone gets even richer from your slavery. It will be pure freedom and as technology gets better living costs will go down eventually money won't have value. People will be rewarded in ways for contributing something to society
@clarencewarren1549
6 жыл бұрын
Yaayyyy MORE PUPPETS I hate puppets
@Matanumi
6 жыл бұрын
stupid typical media... he probably said somethings that were brilliant... and it was all cut out to make him look stupid. as of this posting there is a major topic on this on reddit shower thoughts
More puppets
@robertkelly9772
6 жыл бұрын
I want to work with him!
@kravockkravick5875
6 жыл бұрын
I don't work well with others
@mathewhill5556
6 жыл бұрын
I think we are all in agreement that we need more puppets. Especially from creepy gingers.
@timog7358
6 жыл бұрын
more puppets equals more profit right?
@twolvefan8
6 жыл бұрын
Vali Lazarescu 😂 isn't that what everybody really needs? More puppets! Haha
Yang2020
Zuckerburg may have said ‘cushion’ but he said to enable people to develop more ideas, not just to sit on a cushion!.
Interview in a nutshell Host: BUT AREN'T YOU WORRIED THEY'LL WATCH NETFLIX?
@aliceyingshan2725
5 жыл бұрын
Protected Method Would be great for Netflix's pocketbook then... they should be lobbying for this ^_^
@Sky.Lukewalker
5 жыл бұрын
I would play video games
@rickjames1240
5 жыл бұрын
@@Sky.Lukewalker Trust me it gets boring. You only have to look at people that are on disability and see what they do with their time. Eventually you can watch pretty much everything you want to on Netflix within a short period of time. For video games it takes a little longer to get bored of them, but this also happens. I'm not saying some people won't play video games all the time. The idea that most people will play video games daily for 3 plus years is false. This is coming from someone who has spent probably 10k hours playing video games, but admittedly I've always wanted to quit. I'm not saying some people won't play video games all the time, but it just isn't as interesting as real life, and most people get bored of it.
@ViolettaVie
5 жыл бұрын
He could have at least asked: are you worried that drug addicts will overdose? If you aren't screening, then you won't know if someone has a habit. And money in that case would cause more harm than good.
@jasonkelley9072
5 жыл бұрын
Alice Ying Shan exactly why a rich man would lobby for it....... cough cough mark zuckerberg
With a UBI you can replace all existing welfare programs and because it's way more efficient to give one lump sum payment, instead of sifting through bureaucratic inefficiency, you can provide an all encompassing social welfare program that will consequently drive up productivity and safe tax payers millions of dollars.
@josephang9927
6 жыл бұрын
Champraves311 The left will not let governmet gove up on other entitlements
@iisBaggzTV
6 жыл бұрын
Champraves311 more spending
@crazyjake05
6 жыл бұрын
A negative income tax, as Friedman put forward, is much better than UBI. Both are better than current day welfare, which discourages work and promotes breaking up families.
@GospelBearer
6 жыл бұрын
Think of the millions of jobs that would be lost that serve that bureaucratic nightmare if it was gone.
@demonvictim
6 жыл бұрын
Champraves311 i dont think ubi will work but a basic living package will work better. You get a tiny home enough food to eat and water to drink. Thats it no money can go into your hands but you can live a full life but it would be without entertainment. The way to ger entertained would be to work
teach every one about how to handle money in school and you solve your problem.
@ifonlycainwereabel2110
5 жыл бұрын
Also getting people to have money to learn for themselves how to manage money will support mandated High School Financial Literacy classes (ala Andrew Yang)
@Daniel-lm6yf
5 жыл бұрын
The problem currently is not the management of money, it’s the lack of money to manage.
@ifonlycainwereabel2110
5 жыл бұрын
@@Daniel-lm6yf yes. We need both: education and actual cash to practic3
@danorion369
5 жыл бұрын
unless the problem wasn't mean to be solved but instead perpetuated?
@CGMB777
4 жыл бұрын
UBI is the ultimate tool for money management.
The point of ubi is to have a base income for all people. It's not enough to live a nice life but it is enough to cover food and rent. So if you blow it all on dumb things then that's your problem but if you use it to support yourself through school or periods of unemployment then that reduces the stress and anxiety that people deal with at that time..... assuming it has not effect on inflation.
@louisphilippe1100
5 жыл бұрын
If everyone is on UBI, who pays for everyone's UBI?
@level__level
5 жыл бұрын
@@louisphilippe1100 value added tax on tech companies. Check out Andrew Yang.
@level__level
5 жыл бұрын
@@DebraJohnson it's pretty much a consumer tax on big tech companies like Amazon transactions, facebook Ads, robot/self driving car miles, google search, gps, youtube ads, so much more with innovative technology. Everything we use is technology and will continue to grow and advance in the next decade.
Universal Basic Income have been tested in many parts of the world. Contrary to what many here says, it has consistently increased innovation, entrepreneurship, local economies, quality of life, and brought people out of poverty where it was used.
@muckypup595
6 жыл бұрын
Then you should have linked the evidence.
@Barskor1
6 жыл бұрын
Till the currency ran out Socialism is great until you run out of other peoples money.
@valentinli332
6 жыл бұрын
Barskor1 The point was that it helped improved people's lives and got them self-sufficient. Not necessary become reliant and lazy as was assumed.
@adamfrisk956
6 жыл бұрын
Got proof?
@Barskor1
6 жыл бұрын
+Valentin Li Short term extra money means you don't get lazy on it Life Time money lets you get lazy and none of these UBI studies were permanent or lasted more than ten years.
Basic income aka free money derives from the Idea that people are inherently motivated and that (a lack of) money only holds them back. I think there is some truth to that idea. I'm not a true socialist in classic political terms but I have reached the point to where I'm basically convinced that money does not truly propel society but really mostly divides people. Therefor I think UBI is nothing but an intermediate step to another much greater idea and that is that when we become a highly advanced technical society we can simply rid ourselves of the concept of money and probably even possession. I think we have no choice as human beings when we want to save our planet and our species in the process. A lot of aspects of current society simply make no sense. Having to work for money simply to survive might one day be considered as a cruel form of slavery in a time where 1% owned the planet and the rest were up for scraps.
@drakekoefoed1642
6 жыл бұрын
md you might be more a socialist than you think.
@muckypup595
5 жыл бұрын
You will grow up and realize the World is more complex than childish communist ideas.
@eamonnprunty
5 жыл бұрын
Honestly this is one of the smartest KZread comments I’ve ever seen. I was very surprised to agree with that last paragraph.
The solution is more puppets
Don't have children out of wedlock
The issue is, we as a species are in a transition period. We are still caught in the old capitalist way but we are coming into the automation era. And this era is something we haven't seen, we won't be training up our cab drivers to engineers because AGI will be doing the engineering. As more jobs fall to automation, this will be more and more of a problem.
@logicalfallacies3352
6 жыл бұрын
People have been saying that sort of thing since the Industrial Revolution... There will be different opportunities that arise. There always are. It's why it's called "Creative destruction".
@connorskudlarek8598
6 жыл бұрын
Here: kzread.info/dash/bejne/iYd_y5qBlsbedc4.html This is the first time that jobs that are going away are not being replaced by a growing number of new jobs. So your rebuttal is false I'm afraid. People were saying it when new jobs were outpacing the destruction of old jobs, this is not the same as those times.
@MrTighe12
6 жыл бұрын
markj6700 This is bigger. Potential beginning of a reshift of the very structure of society. A shift from a capitalist society to a hybrid combo of capitalism and socialist as we become very good a production. That or government heavily regulates automation to keep things similar in the free market
@zdrux
6 жыл бұрын
Automation has been a part of our lives since the day the wheel was invented. Jobs have been shifting and new ones created for centuries, nothing has changed.
@JJs_playground
6 жыл бұрын
zdrux I hate to use the cliché, but this paradigm shift, the likes humanity has never encountered before. This is nothing like the industrial revolution. We are not just replacing physical labour with machines anymore. We will be replacing thinking "labour" with machines.
For $17,000 a year, who the hell really thinks you can just sit on your ass? People are going to work. Also its funny the interviewer even mentions a painter, because a painter and artists in general are the perfect example of the type of people that would be helped by a UBI. Artists go into debt paying off art school, and then end becoming servers the rest of their lives because art is not lucrative. Here, however, is an opportunity to be a full time artist and produce something with real value.
@saltymonke3682
6 жыл бұрын
Champraves311 Not all artist wannabe people are a good artist. If they are a good artist, they are employed or already rich by now and dont need UBI. And with $17000 a year, you can move to countries in South East Asia and still have a life like a king and still do no jackshit for life. $1400 a month in other country can feed family of 3, send your kid to college, living in a decent 15 years mortgage house, and a decent cars payment with scooter. All in expense of taxpayers money in Canada.
@lux-pro
6 жыл бұрын
Agreed. Art absolutely contributes to society. If basic workforce needs are satisfied by automation, why shouldn’t that puppeteer get to make more puppets? I think it’s foolish to dismiss an idea that could help people pursue their passions and live comfortably. We should keep an open mind and see how these experiments play out.
@saltymonke3682
6 жыл бұрын
"Furthermore, if they moved to another country they would no longer be eligible for basic income in Canada..." Said by whom? There is no law on UBI yet. Even if that's the case, it's easy to tackle it. Build a cheap hut in rural areas, or a cheap boat house in Canada. Make it as your official address. Still live in other country as "Tourist". Just have to return to Canada every 90 days for a day and then get back again. Airplane ticket is cheap. "There are many talented artists that cannot make a living doing art." That's because they don't have a marketable art skills. Fashion designer, Graphic designer and architect are artist too. They make money and can live with it. Why? People like their stuff because good artist makes meaningful art. That hits the society in their heart. So you want to pay all people to be an artist so they can make more crappy meaningless "Art". Yeah, sure thing, you can do that, until the funds drain out.
@lux-pro
6 жыл бұрын
Space Monkey You’re right, the laws of UBI aren’t established yet. But we shouldn’t jump to conclusions to that it would be THAT easy to abuse once they are. Even if they could, I think it would an inconsequential number of people that would choose to abandon their home country and live a life of fraud when they have a good opportunity to improve their circumstances with UBI. But it’s admittedly all speculation until we see how things play out. I see your point that art skills ought to be marketable if we are to attribute value to them. But from my perspective, art benefits society in many ways we don’t recognize and/or pay for monetarily. That’s not to say that every self-made puppeteer is going to be a net win. But people tend to do their best work on what they’re passionate about, and giving them an opportunity to pursue that instead of labor that automation can handle has potential to create value for society.
@josephang9927
6 жыл бұрын
Champraves311 If they do not sell enough, they are creating no value.
This is why we need to listen to Andrew Yang
People need to stop worrying about people being lazy and "stealing" $17,000 and start being concerned about the millionaires and billionaires who steal every year through tax loop holes.
@tearlelee34
5 жыл бұрын
Amazon anyone. Andrew Yang for 2020 I hope others in researching UBI listens to his Freedom dividen proposal before dismissing opportunity.
@Evan-wv4hz
5 жыл бұрын
Zach N I’m very capable of doing my taxes and I’m not sure why your character attacks are relevant to the video or my comment. My comment is regarding the critique in the video about people getting $17,000 a year for not doin g “anything”. My point is there are larger losses of revenue from tax loopholes that rob the government of money. Your comment that I can take part in large corporate tax loop holes isn’t accurate But thanks for taking the time to share your thoughts.
@amelliamendel2227
5 жыл бұрын
Yeah, because starting a business and being successful should be punished right? I had a business in California and as soon as my business earned over 600k it was not worth it to get any bigger I actively too steps to prevent growth, finally I had to make a decision. I literally closed down and moved to Texas now I employ four times the people. Sorry California, there a reason why the jobs are leaving.
@Evan-wv4hz
5 жыл бұрын
@@amelliamendel2227 hey that's really cool that your business is growing so well but I'm not sure what or if you were trying to make a point. If you would like to clarify, please do.
@amelliamendel2227
5 жыл бұрын
@@Evan-wv4hz my only point is that California is a horrible place to try to grow a business. The bureaucracy is out of control, taxes are beyond absurd, and the regulations are unbelievable. I don't see how a universal income could ever be sustainable. What you consider to be the rich are the people with the best mobility of anyone. I will eventually earn over 100k a year, not there yet, but if everything continues on track I will. Should I get punished for creating a product made in the USA and literally creating jobs out of nothing but my hard work? Should I pay a crazy tax that makes it again not worth it to operate where I am? If I have to leave Texas I will take my business and the jobs it creates out of the country completely. And how does that scale, an I evil if I make 100k and employ 23 people, what about a million and 250 jobs, at what point does a small business owner become large enough that they're hated and should pay 70% tax? What about a millionaire who provides 250k jobs with benefits? Just curious what you think. Apparently employing 566,000 people makes you a horrible person that should pay 90% tax, as at least one politician said about Jeff Bezos
Why does this host care so much about whether the participants of this program "slack" or watch Netflix?! As humans we are dealing with depression, lack of community support, anger, uncertainty, self worth issues, etc. and If someone needs to chill out and not feel completely stressed out for weeks, months, or even years then let them do it. Eventually most people(there will always be exceptions) will come to discover how they want to contribute to society and being given a chance to destress could allow that individual space to focus on their talents, gifts and methods of contribution. So thank you semi rude host for creating clarity as to how I feel about this topic.
@mrgaudy1954
6 жыл бұрын
Jennifer Brazil You are only looking at one side of the argument. As somebody who knows many people who have- and have myself - struggled with such things, the vast majority find that inactivity and lack of direction only hinders recovery. Enabling this by removing the urgency to go out, work through your problems and busy yourself will likely harm more people than it helps.
@descai10
6 жыл бұрын
Thinking people should have to work is an old way of thinking. If they don't want to work to earn more money, they shouldn't have to. We are about to enter an age of automation. All physical labor will be done for us, by robotics. There's nothing wrong if someone wants to live their entire life without working. We are beginning to get the technology required for human labor to no longer be a necessity.
@G1ennbeckismyher0
6 жыл бұрын
True, there is nothing wrong if someone wants to live their entire life without working, so long as nobody else is forced to pick up the slack, bail them out, or prop up their lifestyle.
@descai10
6 жыл бұрын
+Enida Bonghit That falls back to what I said before, "We are about to enter an age of automation. All physical labor will be done for us, by robotics." Currently it's not really possible, but in anywhere from 10-30 years it will be.
@G1ennbeckismyher0
6 жыл бұрын
+name I do not believe this will ever occur. Economies are more resilient than most people realize. We can not observe the unseen because there are too many variables.
Host: "So you mean to tell me you think there's a down side to this?" Interviewee: "Possibly, but many of the people we've experimented with have gone to school to learn skills" Host: "So you think it'll fail?" Interviewee: "That's not what I said. I'm saying that a number of countries have tried this and it shows promise." Host: "I hear you, but what I think you're saying is that there's negative incentives here." Interviewee: "Well it depends on the person. Again, we have to look at the data." Host: "Hmmm... so basically it's not a good idea? Where's that puppet guy again?" The host isn't a true journalist, he's a shill.
@red32303
5 жыл бұрын
He didn’t say any of that, liar.
Terrible interviewer. I’m not even for basic income as I think there are better ways to spend the money, but good lord that was biased. The interviewer came off as disingenuous and seemed to have a lack of basic understanding on the subject. The questions were awful.
What's wrong with having a cushion and helping your people and communities thrive.. Lord forbid.
It could be a bad idea. Imagine if the government gave you an extra $700 a month. All the landlord has to do is just raise the rent+$700
@danieldegg1
5 жыл бұрын
I would raise rent but not that full amt lol
@anandsuralkar2947
5 жыл бұрын
Lol he would jist leave house and buy his own on loan based on his basic income😋
@louisphilippe1100
5 жыл бұрын
@@anandsuralkar2947 Tf, that literally makes 0 sense. Have you ever bough a house????
@babyucon
5 жыл бұрын
alvisc2002 Regardless of the idea, landlords are raising rents anyways.
I've been living so frugal that would be like the lotto for me. Being broke really sucks
@goldenageofrap5899
5 жыл бұрын
@ what a coincidence that's exactly what I just ate
Who is the Asian man standing next to Joe Biden?
#YANGGANG
So many people will waste that on drugs.
That dude was all about giving “workers” money until he was told to fund it😂
@migueltrujillo9200
5 жыл бұрын
Yeah Love That One Fo Sho !
@JohnnyCatFitz
5 жыл бұрын
Because it's a societal problem to be solved in the population. The money comes from the spending of all Citizens. What your spending level is is up to you. But the capitalism is already is full swing.
@louisphilippe1100
5 жыл бұрын
@@JohnnyCatFitz Your lack or abundance of money is not the business of the population. What you are referring to is called communism/socialism, which has always ended in starvation and mass genocides.
@JohnnyCatFitz
5 жыл бұрын
@@louisphilippe1100 You can call anything any dirty name you want to, if it serves the whole it serves. But peaceful radical change may be in the interests before it becomes drastic. Nobody caring is a symptom of the problem. I doubt you'll be forced to take money or quit your job or anything at all, is that communist or socialist, fine, it's also democracy. It's also what people that are on the other side of poverty say is necessary, don't believe them?
"I'm not looking for a handout, I'm looking for a hand up"
@jeffkeil1595
4 жыл бұрын
Then use your hands working more jobs.
@spiritualopportunism4585
4 жыл бұрын
It is a hand up, it's meager amount of money but it's enough you won't have to worry about surviving. Simple, now please be quiet about it
As a Muslim i see this 'basic income' to re-distribution wealth is kinda late. 1400 years. We been thought about sharing basic income since in childhood. We call it infaq & zakat. Infaq basically you give your some of your money in your own will to help others. Zakat means you have to give some of your wealth to the government.when it meet a certain term & condition. Government will re-distribut your wealth to everyone who deserves it. There are 8 type of people as i remember. Sorry for bad English and please correct me if im wrong. You can search by yourself for better understanding.
@khwajanavil
5 жыл бұрын
Dimas Ramatika ❤️ 100% true.
Thank you WSJ for this short video. I have been on a "basic income" since 2008. In the beginning (in 1996) it was named "Guaranteed Basic Income", it was a governmental program, and it was written into law. The government meanwhile changed its name, and now there is no "guaranteed" word in it and the law is a bit different. IMO it only creates jobs for social workers. Once I was unemployed after college, and started to go to a bank's library that was a public place, it was the library of the bank's administration and they all the exclusive banking publications. I went there for 10 years. I lived with my parents, they were sick, but they could support me, we had our house, and they did not need much care, and sometimes even helped. I read banking law among other things, and learned "everything" about money, so to speak. It all this horrific experience, I had to rethink my life, and I decided to keep several ideas in my mind. 1. From banking law I learned: "All individuals, companies, and corporations must have their expenses domiciled". 2. From sociology I learned: "All human beings need four things: (1) earn a living, (2) social recognition, (3) love, and (4) leisure". 3. From contracts law: "Capacity: (1) material conditions, (2) know-how, (3) will, (4) really doing it - absence of impediment such as in "force majeure"". I strongly recommend the WSJ, to listen to this man, because having unemployed, I really understand what he means, and he really covers all the angles: kzread.info/dash/bejne/l52Tx5mxgsLMfZM.html Only to give you an idea, I have learned computer science, and three programming languages, Mark Elliot Zuckerberg, was not even born when I went to college, I never had even a job, it happens, and people need something "guaranteed", like when we have parents, which not all but most of us do.
You also have to teach people about money. Just giving them money won't fix a lack of knowledge.
@NathaNeil27
5 жыл бұрын
Emma Renee you also have to fix the mentality that most poor people have. My parents have made terrible financial decisions throughout my life. Its knowledge and attitude, which can both be adjusted through guidance.
@danorion369
5 жыл бұрын
this isn't about lack of knowledge. what would knowledge do when you have no opportunities to earn money? I say do both, teach em about money and give em basic assistance. It's basic and serves like the company's infrastructure. Otherwise I can say send this dude out to an island and teach him how to build his own housing, water well, garden, etc. Of course that would work but as a society, I think we've evolved to the level where we can afford for our people to work off a better foundation.
Don't these experiments not represent actual UBI since they are so small scale and are subsidized by surrounding areas without UBI?
@jasonkelley9072
5 жыл бұрын
Yes
NOTHING IN LIFE IS FREE! SOMEONE PAYS!
Let's try it and see how it goes.
@youlostabetwithsatanandnow8592
6 жыл бұрын
Sith anybody who allows this to happen deserves any negative consequences. It's worth the experiment, we should let them do this to themselves.
@subliminal6529
6 жыл бұрын
Let do what to themsleves?
@ivanelizalde1871
6 жыл бұрын
did you watch the video they are trying it in a limited population first and the person in charge of it admits that there is a possibility that it can totally fail. And it is true it can fail but we'll never know unless we try it.
@allgoo1964
6 жыл бұрын
Sith'ari Azithoth says: "Problem is that if it goes badly, there will be nothing you can do about it to go back..." == Do you know the history of minimum wages? It's pretty hard even today when almost every country has some form of it to explain to the people. Imagine how difficult was it to start. Once one country tried it in late 1800s, it just kept spread to the rest of the world, at least in the developed countries. It wouldn't have spread if the first try was a failure. Somethings in economy you just have to try it.
@mackenziegoodwin459
6 жыл бұрын
Sith'ari Azithoth Hasn't stopped Republicans from implementing supply-side economics again and again even though it never works.
The notion that people on UBI will become complacent and not work is laughable. UBI is just enough to live on the edge of the poverty line, no one wants to live in a tiny apartment and not afford luxuries. The whole point is that it's a cushion, not a seat in of itself. It gives you leverage to pursue a better job , or a job period.
@azmomadius
5 жыл бұрын
But why would you pursue a better job for small increase in overal wealth if goverment taxed you heavilly for your hard work So they can give your money to others?
@crazieeez
5 жыл бұрын
@@azmomadius UBI will be funded from consumption side not the production side.
@destroyerdragon2002
5 жыл бұрын
@@crazieeez thats ignoring basic economics. For the entire population below a certain wealth level to have this. You would have to tax either sales to the point where a gallon of milk it 10 a gallon. Or youd have to tax those above this line to the point where it would be better for them to work at poverty levels instead of middle class wages.
@bslay4r
5 жыл бұрын
"no one wants to live in a tiny apartment and not afford luxuries" That's not true. Not everyone have aspirations not even for luxuries, but for a materialized way of life. I know from myself.
@jameslee5237
5 жыл бұрын
Muhammad Ahmed nothing works in a vacuum. Your proposed sources of funding are not sustainable over the long term. You can’t jack up taxes and expect everything to hum along like nothing happened. The best thing you can do over the long term is pursue faster overall GDP growth which creates more surpluses to take care of those who can’t earn their own way.
Its way more efficent than give to charity because charity is basically the middle man that keeps a good part.
I work for a company that make automated parts and software, and we are very busy working 7 day a week to keep up with sale. The more we shipped out our products the more peoples getting lay-off. Soon even our job will be automated too.
I'm all for basic income.
Andew Yang supporters here!
“You and Zuckerburg should give checks to 1 million people” “That’s not fair, the government should do it”
So it's 2019 now, does anyone know the results of that experiments?
If a solution doesn't come quick the homeless population will increase at a exponential rate due too the rapid increase of the cost of living and a stagnant rise of basic wages
Free money? While I have to work hard, very hard for mine? No.
@StephenJohnson
5 жыл бұрын
Grant Hill what happens when robots replace you? Where will you work hard? Where will you get money from?
@jobokidd
5 жыл бұрын
You would receive it as well. If you lost your job...
@louisphilippe1100
5 жыл бұрын
@@StephenJohnson Find another job.
@mobetter25
4 жыл бұрын
Keep your job and stay ahead.
Since ancient days government employees, ministers, and everyone part of the government are the beneficiaries of UBI. Oh yeah they are doin some work(?) for the people.
Finland did the same UBI experiment too, worked well, the only difference is- it stops after two years which was not preferable, but helps a lot for participants who really needs money to survive.
We have this already in Sweden, sort of. Free healthcare(state pays the lions share), free education(no tuition cost), benefits for families(in lots of different ways), partial rent coverage, etc. And it works here since it increases over all workforce productivity. Which equals more companies want to be here due to high average education. Lower crime rates. Better over all health. List goes on and on. Basically it pays for itself. And has done so for decades. edit: yes I know its not the same. But there is some overlap.
@korsveien
6 жыл бұрын
Simone The Swedish state is almost bankruptcy. The Norwegian would be too if it wasn't for oil. question is who going to pay for all the non working?
@angelic8632002
6 жыл бұрын
Kjetil Factually wrong. Our economy is one of the strongest in Europe, and our state finances are healthy and well within limits in terms of dept/GDP. You should probably check your sources.
@connorskudlarek8598
6 жыл бұрын
"who going to pay for all the non working" Probably the working. Like is already done. UBI studies have shown no significant increases in unemployment. Why? Because people still want to buy a 50 inch TV, the new Galaxy phone, etc. They want luxuries. UBI doesn't give you luxuries, it gives you the peace of mind that if you work in a specialized field and all of a sudden that field is gone, you can still pay your necessary bills like housing, food, electricity, etc. while you train up for a new job. If you're a mother making $12/hr and want to get a 2-year degree so you can earn more and work in a field you're passionate about, you can still keep food in the belly of your 8 year old, rather than flipping burgers for the rest of your life. UBI isn't a free ride to Las Vegas. It's a guarantee that you and your neighbors won't die if you don't/can't work for a while or ever again. We do more for our prison population than we do for our law-abiding citizens, and I'm pretty sure we're on the right track with the prisons so that leaves us free-folk on the high and dry.
@ebrown0071
6 жыл бұрын
Billionaires and Millionaires have enough money to pay for the non-working and then some. Every body needs to pay their fair share in taxes so that we can share the wealth and not hog it all for a select few rich people. The class system of upper class, middle class, and lower class has to be destroyed because it has turned out to be a caste system.
@simonl4657
6 жыл бұрын
Sweden will slowly decay into a 3rd world country, give it another decade. Considering that your debt/gdp still increased despite having tax rate close to 80% shows that its not sustainable. Even worse Sweden has welcomed millions of "refugees" who only takes and not contribute. To make matters even worse, Sweden is slowly turning into a totalitarian society of extremist political correctness.
"Why aren't you screening for people that are more likely to take advantage of this opportunity to better themselves?" What makes you think we (government) have the capability to even answer to that question? Or to put it another way, what makes you think we know how to screen for people who will take advantage of it?
@theuglykwan
6 жыл бұрын
A better answer is that it defeats the purpose of the pilot if they do that. If they screen for motivated people it doesn't represent the populace at large. They need to know what the populace at large do and how they react before they think about rolling it out.
@maximilian333
5 жыл бұрын
@Jeremy Jackson where do you live, that literally never happens here in California. They may be unfriendly here but the system runs like clockwork.
@oldladywhocares3223
5 жыл бұрын
What Is "better themselves"? Who decides what makes skills desirable?
that old couple was too good maintaining a smile in the most difficult time of their life
@AlexeyVedernikov
5 жыл бұрын
Harshit Singla because FAKE
I have some interesting anecdotes I could share if I didn’t have to work. Send me money!.
@cellophanity
5 жыл бұрын
You would still have to work if you ever wanted more than basic housing and no starvation.
People suffer due to lack of money. This is a reality.
I think in America people confuse government and business. For government, anything that benefits society, regardless of the cost, is supposed to be supported because it moves society forward. Business, on the other hand, depends on profit. It's hard to realize the full benefits of some ideas, like universal basic income, against the obvious costs. I'm not saying basic income is a good idea but it should not be discouraged so vehemently in the comments.
@silasbishop3055
6 жыл бұрын
The difference is with business, we pay for services we want. With government, we are forced to pay for services and regulatory regimes that sometimes undermine our prosperity and societies progress.
@ceasetheday87
6 жыл бұрын
Nicholas Thales That’s very vague and it depends on what services you are referring to. There are some services like health care and pharmaceuticals that I feel might be better provided by public rather than private business. There are some services from the government that I don’t think operate quickly or efficiently enough. What regulations specifically do you mean? Like net neutrality?
@silasbishop3055
6 жыл бұрын
Lets take healthcare. Health insurance is expensive in the United States. On the Government regulatory side we have Pre-existing conditions, Regulatory Paperwork and blocking individuals to purchase insurance across state lines. These regulations raise the cost of health insurance. Net Neutrality should have been rescinded. Net Neutrality has only existed for a few years. Netflix, KZread and Google should be paying Higher fees to the ISPs to carry their traffic.
@ceasetheday87
6 жыл бұрын
Nicholas Thales All I know is that in America medical expenses are the leading cause of bankruptcy for individuals. The Affordable Care Act sought to alleviate that. Admittedly it hasn’t worked as well as hoped but I think it’s still better than what we had before. It’s another situation where it’s hard to establish exactly what the benefits are because how do you measure the value of a life? In my eyes repealing net neutrality takes away a fundamental part of how the internet has worked from the beginning and would be similar to the current healthcare problem. Telecom companies already have monopolies in numerous areas and people have very few options to choose from. By telecom companies forcing content providers to pay the cost will eventually get passed down to the consumer. When have companies ever chosen to take a loss like that? Similarly people have very few health insurance options and are forced to pay. I really don’t see how you can be against public health insurance but against net neutrality at the same time. You should probably look into net neutrality a little more.
@silasbishop3055
6 жыл бұрын
ceasetheday, Medical costs are indeed a huge financial burden. This is largely due to regulation, high-cost services, and a lack of transparency. The ACA took those who do not pay and put them on the public dole. This shifted a large cost to the taxpayers. It didn't lower costs. Taxpayer funded programs require a lot of regulatory documentation. Net Neutrality started in 2015. The internet existed ling before. Health Insuramce options are limited. This is due in large part to our employer driven healthcare. State and ACA regulations have increased cost. It appears that the ACA is a backdoor to single-payer via bankrupting insurance companies. A Single-payer system would be ruinous for American Taxpayes. 43% of individuals who have taxable income don't pay taxes.
Andrew Yang is a proponent of this, so far looking like the best candidate for the 2020 race
@danieldegg1
5 жыл бұрын
Lol to bad he wont make it....
It is a challenge to get educated and employed with no support.
Eventually governments will tax companies that use automation and provide basic income to most citizens which will give a lot of people the ability to create new inventions and opportunities to move humanity forward. Yes many people would be fine with just living on the basics but those people aren’t motivated already and cost more difficulties in the work place as they don’t really want to be there in the first place.
@Barskor1
6 жыл бұрын
Bootstrapping with diminishing returns the customer will pay for the tax that then has to pay for all the bureaucracy that the former customer gets a small portion of back in UBI.
@ethereal2620
6 жыл бұрын
You bring to the table an idea that is very interesting: the cost of unmotivated workers and filler work. The current system says everybody should work, but that may exists a hidden cost due to people working on things that take value away from society. E.: unneeded bureaucracy, crime (which is a kind of work), political propaganda, etc.
@007hansen
6 жыл бұрын
Quick, someone bomb the Cayman Islands before they evade your clever tax plan.
@ntbcool
6 жыл бұрын
Because companies like McDonald that would develop automated system to replace workers are given billions of dollars in tax cuts for having so many people employed. innovation is being held back by the government for the sack of keeping people working.
@virgobro2025
6 жыл бұрын
But what if gov never does that?
If you were worth 10 billion dollars you wouldn't waste the time it would take for me to give you a thousand dollars because it is worth so little to you. If you had not a single penny to your name. The same thousand dollars would be a great change to your condition. You cold eat more, get new clothes and be able to go to a barber and look good enough to go to a job interview and have a decent chance. Every single penny of that thousand dollars will be spent in the local economy. Meanwhile the top 0.1% get tens of millions of dollars in tax cuts from donna tinyhands and they use that money to buy their own stocks or participate in mergers. Both of which are bad for the free market (something that too many people claim to love) and of course any money spent is most often going to other multinational aristocrats and if they're lucky, some tiny portion of it might eventually trickle onto a few not as wealthy people who can afford to put the money in a bank account where it likely won't see the sun again for years, slowing the economy even further. I can already sense you all angrily typing out your 3rd grade retorts seeing as the fact that I have a device with which to write this comment means that I am not giving every penny of my worth to pay for UBI so I am obviously a hypocrite. No amount of ad hominems however will change the basic fact of economics that building the economy from the ground up is the most effective and stable way. "But progressive taxation is just relying on the wealthy to ensure the economic growth and stability of the macroeconomy," I hear you typing. Weird, cause that's the description of the WSJ favorite trickle down economics: If rich people star rich the economy will do well. That sounds a lot like relying on the rich for economic stability. Also, I don't know about you, but I don't much care for the idea of being "trickled" on.
@LincDN
6 жыл бұрын
Sith'ari Azithoth Not sure if lied to by GOP whole life or part of 0.1% Middle class people will be paying more in taxes. Republican tax proposals have and continue to be money grab schemes to move wealth upwards at an even faster rate than it already is.
@LincDN
6 жыл бұрын
Sith'ari Azithoth also the Estate Tax only applies on holdings over 5.49 million dollars which only 2 out of every 1000 people leave. The estate tax has zero effect whatsoever on "mom and pop" businesses. Furthermore, you get taxed if you win the lottery. The abolition of the estate tax would mean that the 0.1% would be able to endlessly win the biological lottery because of the work (and a ton of luck) of a person who died generations ago.
@trevinbeattie4888
6 жыл бұрын
Sith'ari Azithoth , you might want to read an economist's analysis of Trump's tax plan. "Taxpayers in the bottom 95 percent of the income distribution would see average after-tax incomes increase between 0.5 and 1.2 percent. Taxpayers in the top 1 percent (incomes above $730,000), would receive about 50 percent of the total tax benefit; their after-tax income would increase an average of 8.5 percent." "By 2027, taxes would rise for roughly one-quarter of taxpayers, including nearly 30 percent of those with incomes between about $50,000 and $150,000 and 60 percent of those making between about $150,000 and $300,000. The number of taxpayers with a tax increase rises over time." www.taxpolicycenter.org/publications/preliminary-analysis-unified-framework
@Barskor1
6 жыл бұрын
Over 50% of a poor person's income is taken by the costs of government charging them directly and through the charges to others who must get the currency by charging the poor.
@lachland592
6 жыл бұрын
Admiring the Jimmy Dore reference.
"i dont work well with people" well, have you even tried?
If the insanely wealthy really believe that the poor have some profoundly profitable ideas, it would be in their best interest to pay for them directly.
@idriwzrd
5 жыл бұрын
@James Franko If the insanely wealthy really believe that the poor have some profoundly profitable ideas, it would be in their best interest to pay for them directly.
@louisphilippe1100
5 жыл бұрын
@James Franko The middle class is wealthy by almost all metrics.
@starkeclipse
5 жыл бұрын
Sadly but truly, it'd be in their best interest to pull the ideas from them on the promise of money and then not actually follow thru on bringing the originator onboard.
I find so many of the responses to UBI to be very classist/racists in nature. Why, why we talk of giving "free" money to individuals we assume they will not work or it's an incentive for mass laziness but when we give "free" money, especially here in the U.S. In the form of tax credits/cuts to wealthy individuals and corporations, we assume they will automatically and benevolently put it to the best use for society? I wish someone would do a piece on these biases because I really can't understand them.
@billclitton5863
6 жыл бұрын
MitchisCharlie The rich have more responsibility, they had to work harder to get where they are today so pay is higher. Ive seen how poor people think about money. Theres a reason they dont have it and it isnt because they have so much other responsibilities. Alot from what Ive seen arent willing to learn and dont have the work ethic neccisary to succeed.
@billclitton5863
6 жыл бұрын
Bored Boar This isnt about dividends? On your other point, not everybody can run a successful corporation but thats the beauty of capitalism, its fair cause the hardest working and smartest individuals win. We all have equal opportunity, some have it easier then others but the opportunity is equal.
@billclitton5863
6 жыл бұрын
By that logic Ford should be the only car company around. Capitalism benifits those with a willingness to learn, an unbeatable work ethic and an innovative idea. If 500 people want to start a phone company the first one with the idea will likely succeed because of innovation, the next one will likely too because of pace and the others will be judged on their cappacity to out innovate, out smart or out work the competition.
@billclitton5863
6 жыл бұрын
I dont really get your point on the bs job part. But to counter your poverty point.. In some ways I agree, when dealing with people who are disabled or people who´ve lived a very abusive childhood they should be taken care of because they cant help it. When you´re talking about regular people its really up to them to take control of their lives but I see so many failing to do that and blaming it on somebody or something else. If you want to tackle poverty you have to go to the root of the problem which is the education system. These people lack financial knowledge because nobody ever taught them about money and they lack the interest to self study about it. Thats why giving people free money is a bad idea, they dont know how to manage it and so in no time they are back where they were only now with more liabilities. If you gonna give them free money atleast let that be controlled by a money manager.
@saltymonke3682
6 жыл бұрын
MitchisCharlie company create jobs, business owner and top management have to work harder to keep the business running because they have their whole livelihood there, managing resources is not easy.
My question is: Are these young brilliant minds, such as Hughes, Tesla and Zuckerberg providing the sample program within their companies to prove their points? Do they pay their employees a "across the board" wage? Are these leaders willing to live on $17,000 a year?
@Husslehoff
5 жыл бұрын
I think there's a misconception here, UBI doesn't level out wages like communism. On the low end, it leaves the 'losers' in a competitive capitalist society with enough money to survive and participate in the economy, while on the high end encouraging potential entrepreneurs and business owners (people have more buying power, entrepreneur has extra 1k to invest). Also, as Yang points out, it's more likely to work if everyone gets it to reduce the stigma attached to welfare.
@louisphilippe1100
5 жыл бұрын
Equality of outcome is the most ridiculous idea ever. Just look at literally all countries who tried implementing such ridiculous policies. Start with the USSR....
@MistorDi
5 жыл бұрын
@@louisphilippe1100 It's more ridiculous that some people genuinely believe that “equality of outcome” in economic context is anything but propagandist demagogy, which had never even been tried in practice on a remotely significant scale. USSR like any socialist state adhered to its classic *socialist* motto. Do you have reasoning skills to realize the implications of “according to his contribution” part?
@straygameplaywalkthroughps6480
2 жыл бұрын
@@MistorDi sooo, where in the USSR did they have a UBI? I know they had "ration cards" , just like the USA for the past 200 years
"I just don't work well with other people." The puppet dude is my spirit animal!
I hate when the interviewer says 7:50 "why don't you tech billionaires directly pay people basic income checks?", as if this would be a sustainable practice. Chris Hughes is only worth $500 million... he could give 42,000 people $1000/month for 1 year, before his entire well dried up. solution isn't to make millionaires go broke, it's 1) get money out of politics, by outlawing PAC contributions, 2) eliminate tax haven loopholes that let companies avoid paying billions in taxes; 3) a value added tax on luxury goods, 4) redirect spending away from pointless military conflicts that benefit the rich.
I truly support the idea, can't wait for it to happen, I hope this will make the world better.
The results are really exciting: the provincial government changed hands to, basically, Donald Trump of the North, and they cancelled this experiment on the first day of office.
@lukedavis6711
5 жыл бұрын
Yea what a waste of time and resources now that it's been canceled to early
@christonesmichel3090
5 жыл бұрын
Really, that's a bummer. I really wanted to know how it would turn out. Got any links to the cancellation?
@jbre7233
5 жыл бұрын
Christones Michel www.cbc.ca/news/canada/basic-income-pilot-project-ford-cancel-1.4771343
@christonesmichel3090
5 жыл бұрын
@@jbre7233 Thanks, brother. Much appreciated. Hopefully, another government takes initiative to complete this experiment
@NoOne3234
5 жыл бұрын
I think Zuckerberg should start his own experiment.
Here is my story on this. We have a son with a BS ME (State University) working in automation. He decided at age 35 that he hated his job. Two failed marriages may have something to do with that. He decided to become a writer and live on some island in SC. He could not make a living and pressured us to finance him. We refused. He ran out of money. He returned to work in automation and married again. He is now gainfully employed making over $100 k /year and said he is happy. I think a BMI would have derailed my son and he would pursue his Hobby as a writer of who knows what.
@willdehne1
4 жыл бұрын
@@MichaelMusson-en7be You may be amazed. There is this famous poet/singer Leonard Cohen. Like my son he did not want to do his fathers business but become a poet. His father put him on a small annuity on which he lived on some Greek island. No electricity or utility. His poetry did not pay the bills nor did the annuity. But he did it until his 40's. Next he became a song writer and singer. He became famous but his girl friend/financial adviser cleaned him out. He died a few years ago supposely poor.
The modern versions of UBI lose the vision behind Friedman's negative income tax. It's to replace all other forms of assistance because of how inefficient they are - it's purpose is not to supplement them.
@connormagidson2087
4 жыл бұрын
Means-tested welfare is what Andrew Yang seeks to slowly siphon from, because it is an enormous, inefficient mechanism that most who need it can't use. Things like SS, SS disability, and unemployment/veterans benefits are okay though because they are contribution based - practically insurance.
This is just an anecdote, but if I had a UBI I'd just drink booze all day.
Just don't have kids, and you can live an okay life
@Francisco-Danconia
5 жыл бұрын
So so crucial, but you left out another monster aspect, which is to stay out of debt and pay for things with cash. The one mistake, or detrimental choice I made, was financing my house instead of living with family for a few years to save up what I needed.
@NicholasLittlejohn
5 жыл бұрын
Kids cost a quarter million each minimum.
On a side note Andrew Yang for president 2020
@anneb889
5 жыл бұрын
Yes!!! I want to hear more of the tax he refers to that the tech companies will have to pay gets passed on to us....so if products all go up, then we are ultimately funding the UBI anyway? Of course people could chose not to spend it and save....but then that kinda defeats the point of having a more robust economy. But every interview I have heard with him....he is forward thinking, seems genuine, and he is not a career politician (what people liked about Trump).
@mikejohnson9606
5 жыл бұрын
Andrew plan to pay for the UBI is a VAT. That will be a very regressive tax and would hurt the middle class.
@Frostbite1301
5 жыл бұрын
I just wanna say that Andrew said that you can't save it. If you don't spend it, you lose it.
@anneb889
5 жыл бұрын
CookieMonster130 When has he said that? The only stipulation I’ve heard is about people already receiving welfare type money...they can choose if they prefer the other benefit (obviously if you are getting like 1500 a month would choose that). I think I’ve heard him say some may use it to help save for college.
@theevermind
5 жыл бұрын
"You can't save it"? LOL. Money is fungible. If I make $17k/yr & spend all of it, and then I get a bonus $17k & save all of it, who's to say I didn't spend the bonus and save my wages?
Interviewer is arrogantly smug. What’s with this idea that we should demand a certain amount of work/ Labor from people in order to receive a UBI? UBI is NOT WELFARE, it’s poverty that doesn’t start at $0.....why is this so hard for elitist intellectuals like this guy to understand?
If my corporate overlord would pay me a fair wage, just $1-2 more from a little over $13 now and I'd say no thanks to the U.B.I. I'm not greedy, I just wouldn't worry anymore, and might start a side business.
I work at AutoZone for under $9 per hour. Help!!!
@feliperabeloep
3 жыл бұрын
Haha, you earn in dollars in the richest country on earth. 9$/hour is a dream here in Brazil
I would love to be taxed more for more Puppets. Who needs the free market when you can have free money!
I love how people think you can ship people free money to people without any negative consequences.
Do people realy think that individuals will sit on their as and do nothing. ITs the damn oposite. if you give them money guess what... they will use that money!
@nachannachle2706
6 жыл бұрын
+RA Sure they will use the money by buying with all sort of commercial goods and living short-term pleasures. The money goes back to the businesses and the person who got the freebie-money is back to square zero. People need to learn first and foremost WHERE the real money is and how the economy works before they can go about pretending to become wise investors and entrepreneurs. If they can't/won't do any learning, well, let them sit at their poor jobs because that is REALLY the best they can do anyway...
@iraasta
6 жыл бұрын
Yeah. Going to casinos and buying cigarettes, alcohol and what not. Poor people are surprisingly good at careless spending
@ra6865
6 жыл бұрын
u guys have a distorted view of humanity. ur example is a small percentage. Those people need help. and now they will afford help.
@thetechlibrarian
6 жыл бұрын
Krzysztof Wende I work full time currently, if I had a ubi or some sort I could focus on business I have wanted to start, or go to school like I want. No I know In theory it sounds good and they are other factors but all I want it basically the same chance a person who came from a strong family support system would have.
@mejsnarp
6 жыл бұрын
And I want a Ferrari, but that's not gonna happen. Why the f*** would you think everyone should have the same opportunities. Work hard, stop complaining and you will be successful, no amount of handouts will help you.
Woohoo, free Jordans and a Cadillac in every garage!
@haroldbingus
5 жыл бұрын
how much do you think they’re giving out
We need to take this mainstream!! YANGGANG!!
As long as people have freedom there will always be poverty. A guaranteed wage won’t stop some people from wasting it on drugs alcohol, gambling and prostitution.