48:28 “One of Andrew’s primary arguments was about the need for UBI, some kind of universal basic income. Milton Friedman was actually the most prominent person in the 20th century to promote something like that. He promoted in the form of what he called a ‘negative income tax’, which is really the same. But one of the things that was being argued at that time, I’m not sure by Friedman, but others who were doing it was like, wait a minute, we know that European settlers came in and just stole the land. We know that and we kind of ignore it. So that’s one issue. Let’s put that issue aside for a minute. I’m not saying we should put it aside but we do put it aside. But after that, when you look at the resources of a place like this, they belong to whom and why do they belong to them? And does it make any sense? And so, there was an argument that at the very least you should put a number on natural resources and divide it by everybody in the country and give them a share. It’s really interesting to see how this argument, but I have to say, that argument never gets very far because it only takes like 3 people, 10 people, 100 people to get in power and say, nah let’s not do it that way.” ~Stephan Dubner
Oh this is great!! I heard you recently on Freakonomics via NPR talking on a segment for Time Banking, glad to see it come full circle
48:03 UBI is the way!!!!
Politics is personal economics... It all fits together!!!
48:28 “One of Andrew’s primary arguments was about the need for UBI, some kind of universal basic income. Milton Friedman was actually the most prominent person in the 20th century to promote something like that. He promoted in the form of what he called a ‘negative income tax’, which is really the same. But one of the things that was being argued at that time, I’m not sure by Friedman, but others who were doing it was like, wait a minute, we know that European settlers came in and just stole the land. We know that and we kind of ignore it. So that’s one issue. Let’s put that issue aside for a minute. I’m not saying we should put it aside but we do put it aside.
But after that, when you look at the resources of a place like this, they belong to whom and why do they belong to them? And does it make any sense? And so, there was an argument that at the very least you should put a number on natural resources and divide it by everybody in the country and give them a share.
It’s really interesting to see how this argument, but I have to say, that argument never gets very far because it only takes like 3 people, 10 people, 100 people to get in power and say, nah let’s not do it that way.”
~Stephan Dubner
Hopefully my feedback was invaluable... I try to light and guide humanity...
Didnt freakonomics talk shit about ubi while bernie was running
Logical mindsets prevail... So if so it is important to realize they have realized logic.
I find Freakonomics entertaining for sure, but I CAN NOT trust the word of anyone that spells Steven with a "ph".
He's giving too much credit to Steve Jobs. and soon everyone will think Steve Jobs invented podcasting