I am glad Andrew Yang admitedly acknowledged his misdiagnosis about the truck driving. Truck driving, right now, is still one of the bigger job provider in the US much to do with the lack of infrastructure development.
Andrew Yang is the most realistic, sensible, out-of-the-box practical,politician for our time. Sadly, he’s ahead of his time as most voters don’t seem to have the mental bandwidth to grasp how brilliant and viable his solutions are!
@RealKingBaldwinIV as someone who has been following the concept of ubi closely for more than 10 years as it moves through the Zeitgeist. If Yangs plan works then we will absolutely have new leadership that will actually listen. So give it five years.
It's kind of wild how much A.I. has changed the world in just a few years. I wonder if the most similar comparison is traveling across the ocean vs flying in a plane, or taking a horse vs taking a train
@@nutmegriot209Which ones are still actually in effect? He merely managed to slow the growth of government for his terms. Then it took off again despite huge military cuts starting under GWHB.
Poverty may be solvable, but people are hard nuts to crack. People will say they want to solve social ills, then turn around and behave in ways that doesn't support this. That's why I don't think structural poverty will ever be fixed.
It's been so hot here in LA for the last couple of days (and most parts of the West/South). I passed by a homeless man off the exit of a freeway in broad daylight over 105F and they remind me every time of how this country (and perhaps capitalism) has failed them. Sure you can argue all the reasons they ended up homeless, but at the end of the day, they were someone's child; they were once a boy with big dreams. At the bare minimum, the most prosperous and advanced nation in the world should satisfy the first two tiers of Maslow's Hierarchy of Needs. That's basic human right. Poverty can be solved. America just chooses not to. Ever since Andrew ran back in 2020, I've been contemplating on whether capitalism really is the best model for the people, or whether a blend of economic-focused socialism could succeed under the hands of a leader with heart and compassion. Because look at what capitalism did. If you disagree with me, look at the CEOs and top executives of Wall St. Companies. That's the result of capitalism. So you can compare Wall Street with a system where wealth is more equally shared and you don't have a very small group of Elites with their heads sticking out, and decide for yourself which one is ultimately better for all its citizens. I think there's no completely right answers but a blend of both capitalism and economy-centered socialism would prevail.
HOWTO Fund UBI: A Constitutionally FIXED tax of 1% on transactions of: stocks/options, bonds, ForEx, crypto, and futures. - In this way, the tax burden is on people who have enough money to spare that they can invest it. - The tax has to be fixed to keep it from becoming a political football. Funds collected from this tax are Constitutionally EXCLUDED from the federal budget. Funds are collected on a quarterly basis. Distribute the funds across 60 tranches corresponding to monthly payments across five years. - This will help smooth out the payments (less fluctuation with the economy). When a tranche comes due, divide it equally among adult US CITIZENS to a debit card account. - Funds remaining at the card at the end of the month join the next quarter's take. - This system works best if the money is SPENT, not hoarded. - - States and localities could get some of this money via taxes.
Stocks fluctuate, and when there's a recession, people will not be happy about that 1% when they've lost 20% of their stock value. Also, debit accounts are a pain considering they are frequently targeted by scams and cyber attacks. But you have the right idea and spirit. This is going to be a big issue whether we like it or not.
Can Mr Yang talk about people being ungrateful a little more. When common people get handouts, a portion are ungrateful. How is the lack of gratitude calculated into this. Is there a way to hold people accountable for being ungrateful for being helped out of poverty. Is homelessness a result of lack of gratitude? If so, how can we solve the addiction issue as well.
Why should people be grateful? The whole system is designed for people to feel entitled. Also, it’s so much hassle to collect the stuff, people don’t think it’s charity. Actual charity is the better answer. Maybe we need a system where people first ask for help from a local charity, and can only get government money if the charity refuses them. Then, they’ll have to admit to the government they are messed up and need counseling to re enter society.
He does not understand. Poverty, at least in the US, is entirely a matter of human attitudes and culture. People who finish high school, get a job (any job), and do not have kids outside of marriage at too young an age are almost NEVER poor. And these are ALL decisions we can make (perhaps with the sole exception of very low IQ individuals). This is NOT an issue of AI or automation, at least not now (it could be in the future). The exact same arguments were being made during industrialization, as farm workers were replaced by machines at a very fast pace. And robots have been replacing humans in factories for decades now. So Yang is not even asking the right questions, much less getting the right answers.
I know, right? a real solution - may not be perfect - but it is an idea - but Noooooo most Americans just want to complain - what happened to the spirit people used to have ?
For now, I think UBI should only be given to women under the condition that they must be employed in essential jobs such as agriculture and law enforcement to receive it; this will enable them to be hired for less, making them more appealing to employers and taxpayers alike.
We should also divide the genders for K-12, creating job security for female educators while producing a social atmosphere that fosters camaraderie and increases the likelihood that women will pursue higher education.
If, as Elon Musk argues, automation will be capable of taking all or most of our jobs some form of UBI will be inevitable. And where will the funds for UBI come from? Obviously, from taxing robots. The wealth that robots produce is not spent by robots. Robots don't consume food, they don't need money to buy homes, they don't need more medical care as they age, they don't need money to go on vacations, but humans do.
@vondoromal7016 which would require far fewer people to do and people with a very high skill set that not realistic for most people. A mcdonalds worker or a retail worker or a truck driver is not going to be a robotics engineer lol
@@vondoromal7016 won't be good paying once they are the norm. It's also again unrealistic that everyone just becomes a genius who can work on such complex machinery. I am just a machine operator and alot of people can't even do that.
i think universal basic employment would be better, for the same amount of income, and matching minimum wage to the number of hours (it would be a part time job.) except for single parents.
From what I've read drug abuse usually stems from mental illness and financial insecurity accelerates mental decline. The thought is financial security like UBI at least breaks part of the cycle.
Yes, but give them some ability to do so. School doesn't teach how to budget, how credit cards even work, or even what debt is. Education combined with some basic resources can be a starting point for a lot of people to thrive instead of just survive.
I could understand if everyone was given let's say a million dollars when they were born and some people be poor due to mismanaged funds. However many people are born without wealth,and it is difficult to ever get to a point of growing wealth when you start with nothing. That is why stories of poor people becoming rich are celebrated and blasted on the news: they are very rare. Also 12k for someone with nothing will make a huge impact vs someone with millions, and so while every American benefits, it directly helps the bottom the most
How ? When nost jobs don't even oay your rent now days and you never make enough even with multiple jobs to invest or get ahead ? Circumstances and who your family is matters. Ubi gives everyone a leg up and litteraly ends poverty.
Paying people to be poor is the most idiotic, anti-American idea I've heard in a long time. Just goes to show you don't have a clue about what built this country, what's wrong with it or how to fix it. Absolute JOKE.
Welfair pays people to be poor. Ubi pays people to work. The difference is you lose your benefits if you get a better job on welfare. On ubi you still get paid the ubi if you get a better job. It actually incentivises work as a means to actually live better. While welfare incentivises being stuck in a low paying job or not working at all.
We need to actually get rid of credit cards and financing most things. Cheap money lead to over priced goods,housing and cars. If we didn't have this debt based system everything would have to cost far less and economies of scale would be much more incentivised.
World's most important podcast!!!!!!!
The world needs this, America needs this for sure
If any country needs it, it's this one 🇺🇲
I am glad Andrew Yang admitedly acknowledged his misdiagnosis about the truck driving. Truck driving, right now, is still one of the bigger job provider in the US much to do with the lack of infrastructure development.
Andrew Yang is the most realistic, sensible, out-of-the-box practical,politician for our time. Sadly, he’s ahead of his time as most voters don’t seem to have the mental bandwidth to grasp how brilliant and viable his solutions are!
He makes a good point about covid making ubi a reality.
I'll happily trust how 100 Americans will spend 100k in a month over how one politician would spend it.
Money is power! UBI is power to the people to solve their problems!!!
1000%
@RealKingBaldwinIV as someone who has been following the concept of ubi closely for more than 10 years as it moves through the Zeitgeist. If Yangs plan works then we will absolutely have new leadership that will actually listen. So give it five years.
wish more eyes were on this. These are some of the most important talks we need to be having
Mr Yang, please interview economists Michael Hudson, Steve Keen, Jeffrey Sachs and Rick Wolff about Democracy Dollars.
Chris hedges, and learn from Michael parenti.
It's kind of wild how much A.I. has changed the world in just a few years. I wonder if the most similar comparison is traveling across the ocean vs flying in a plane, or taking a horse vs taking a train
Students are using reources like ChatGPT to write history article and lab reports. I wonder how that will impact the future
Makes me think
We have enough money to solve world poverty, it's greedy politicians preventing that from happening.
Nothing can be solved in America
Reagan era policies are currently a stronghold
@@nutmegriot209Which ones are still actually in effect? He merely managed to slow the growth of government for his terms. Then it took off again despite huge military cuts starting under GWHB.
Instead of calling it UBI, try "negative income tax", might be more appealing to people that don't understand it.
Poverty may be solvable, but people are hard nuts to crack. People will say they want to solve social ills, then turn around and behave in ways that doesn't support this. That's why I don't think structural poverty will ever be fixed.
AI may accelerate the acceptance of UBI
Poverty is solved, we've created loads of it
It's been so hot here in LA for the last couple of days (and most parts of the West/South). I passed by a homeless man off the exit of a freeway in broad daylight over 105F and they remind me every time of how this country (and perhaps capitalism) has failed them. Sure you can argue all the reasons they ended up homeless, but at the end of the day, they were someone's child; they were once a boy with big dreams. At the bare minimum, the most prosperous and advanced nation in the world should satisfy the first two tiers of Maslow's Hierarchy of Needs. That's basic human right. Poverty can be solved. America just chooses not to. Ever since Andrew ran back in 2020, I've been contemplating on whether capitalism really is the best model for the people, or whether a blend of economic-focused socialism could succeed under the hands of a leader with heart and compassion. Because look at what capitalism did. If you disagree with me, look at the CEOs and top executives of Wall St. Companies. That's the result of capitalism. So you can compare Wall Street with a system where wealth is more equally shared and you don't have a very small group of Elites with their heads sticking out, and decide for yourself which one is ultimately better for all its citizens. I think there's no completely right answers but a blend of both capitalism and economy-centered socialism would prevail.
Hoping for a protopia.
Planning for a worsening dystopia.
The U.S. has always been a dystopia on a spectrum.
HOWTO Fund UBI:
A Constitutionally FIXED tax of 1% on transactions of: stocks/options, bonds, ForEx, crypto, and futures.
- In this way, the tax burden is on people who have enough money to spare that they can invest it.
- The tax has to be fixed to keep it from becoming a political football.
Funds collected from this tax are Constitutionally EXCLUDED from the federal budget.
Funds are collected on a quarterly basis.
Distribute the funds across 60 tranches corresponding to monthly payments across five years.
- This will help smooth out the payments (less fluctuation with the economy).
When a tranche comes due, divide it equally among adult US CITIZENS to a debit card account.
- Funds remaining at the card at the end of the month join the next quarter's take.
- This system works best if the money is SPENT, not hoarded.
- - States and localities could get some of this money via taxes.
Stocks fluctuate, and when there's a recession, people will not be happy about that 1% when they've lost 20% of their stock value. Also, debit accounts are a pain considering they are frequently targeted by scams and cyber attacks. But you have the right idea and spirit. This is going to be a big issue whether we like it or not.
Can Mr Yang talk about people being ungrateful a little more. When common people get handouts, a portion are ungrateful. How is the lack of gratitude calculated into this. Is there a way to hold people accountable for being ungrateful for being helped out of poverty. Is homelessness a result of lack of gratitude? If so, how can we solve the addiction issue as well.
Why should people be grateful? The whole system is designed for people to feel entitled. Also, it’s so much hassle to collect the stuff, people don’t think it’s charity. Actual charity is the better answer.
Maybe we need a system where people first ask for help from a local charity, and can only get government money if the charity refuses them. Then, they’ll have to admit to the government they are messed up and need counseling to re enter society.
He does not understand. Poverty, at least in the US, is entirely a matter of human attitudes and culture. People who finish high school, get a job (any job), and do not have kids outside of marriage at too young an age are almost NEVER poor. And these are ALL decisions we can make (perhaps with the sole exception of very low IQ individuals). This is NOT an issue of AI or automation, at least not now (it could be in the future). The exact same arguments were being made during industrialization, as farm workers were replaced by machines at a very fast pace. And robots have been replacing humans in factories for decades now. So Yang is not even asking the right questions, much less getting the right answers.
I think he understands, but people like coming up with ideas. If we get to a new "utopia", it'll be picked apart with new ideas.
16 views. [sigh] I hate this planet. Seriously.
I know, right? a real solution - may not be perfect - but it is an idea - but Noooooo most Americans just want to complain - what happened to the spirit people used to have ?
I guess $1000 per month is no enough now, maybe try $10000 per month next time🤔
I’m not sure if it’s the right time for everyone to get UBI, but to end hunger and support our farmers, everyone should get a food income.
For now, I think UBI should only be given to women under the condition that they must be employed in essential jobs such as agriculture and law enforcement to receive it; this will enable them to be hired for less, making them more appealing to employers and taxpayers alike.
We should also divide the genders for K-12, creating job security for female educators while producing a social atmosphere that fosters camaraderie and increases the likelihood that women will pursue higher education.
If, as Elon Musk argues, automation will be capable of taking all or most of our jobs some form of UBI will be inevitable. And where will the funds for UBI come from? Obviously, from taxing robots. The wealth that robots produce is not spent by robots. Robots don't consume food, they don't need money to buy homes, they don't need more medical care as they age, they don't need money to go on vacations, but humans do.
I can even add that robots will bring a different type of high technical job that's much more fulfilling than manual labor...
He retracted that statement I think. He likes his tax breaks
@vondoromal7016 which would require far fewer people to do and people with a very high skill set that not realistic for most people. A mcdonalds worker or a retail worker or a truck driver is not going to be a robotics engineer lol
@@jamesloehr641 Those are the good paying jobs!
@@vondoromal7016 won't be good paying once they are the norm. It's also again unrealistic that everyone just becomes a genius who can work on such complex machinery. I am just a machine operator and alot of people can't even do that.
Ubi should be a add on not a Milton Friedman version where we replace welfare with this single reform. UBI is a add on
i think universal basic employment would be better, for the same amount of income, and matching minimum wage to the number of hours (it would be a part time job.) except for single parents.
Go away Andrew.
Wish you'd help Kamala Harris.
The more governments try to fix poverty the more poverty there is
No the more deregulation of wallstreet and the banks the more poverty there is.
UBI will help but a big driver of poverty is drug use.
From what I've read drug abuse usually stems from mental illness and financial insecurity accelerates mental decline. The thought is financial security like UBI at least breaks part of the cycle.
I like Yang, however I think he’s mistaken about giving people money.. individuals have to solve poverty for themselves.
Yes, but give them some ability to do so. School doesn't teach how to budget, how credit cards even work, or even what debt is. Education combined with some basic resources can be a starting point for a lot of people to thrive instead of just survive.
Results from UBI studies show that our system isn't designed for people to thrive. You can't pull yourself up by your bootstraps without any boots.
I could understand if everyone was given let's say a million dollars when they were born and some people be poor due to mismanaged funds. However many people are born without wealth,and it is difficult to ever get to a point of growing wealth when you start with nothing. That is why stories of poor people becoming rich are celebrated and blasted on the news: they are very rare.
Also 12k for someone with nothing will make a huge impact vs someone with millions, and so while every American benefits, it directly helps the bottom the most
@@lordd007 Exactly!! I've explained this to so many people and its just pure facts.
How ? When nost jobs don't even oay your rent now days and you never make enough even with multiple jobs to invest or get ahead ? Circumstances and who your family is matters. Ubi gives everyone a leg up and litteraly ends poverty.
Paying people to be poor is the most idiotic, anti-American idea I've heard in a long time. Just goes to show you don't have a clue about what built this country, what's wrong with it or how to fix it. Absolute JOKE.
Welfair pays people to be poor. Ubi pays people to work. The difference is you lose your benefits if you get a better job on welfare. On ubi you still get paid the ubi if you get a better job. It actually incentivises work as a means to actually live better. While welfare incentivises being stuck in a low paying job or not working at all.
In every ubi experiment, most people improved their lives overwhelmingly. Welfare has done the opposite
@beakingpoints
So all we're missing is affordable financing 🫠
World isn't that far behind 🤫
We need to actually get rid of credit cards and financing most things. Cheap money lead to over priced goods,housing and cars. If we didn't have this debt based system everything would have to cost far less and economies of scale would be much more incentivised.