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Is Universal Basic Income The Key To The Future? | Answers With Joe
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- Опубліковано 11 сер 2019
- Get 20% off a premium subscription at www.brilliant.org/answerswithjoe
With AI and automation already displacing jobs in the United States, and the problem only expected to get worse, the idea of a Universal Basic Income is being touted as a solution to save us. But is it all it's cracked up to be?
Curious about Andrew Yang's platform for UBI? Check it out on his website:
www.yang2020.com/policies/the...
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LINKS LINKS LINKS:
The studies on the Eastern Band of Cherokee Indians' casino fund:
www.wired.com/story/free-mone...
jamanetwork.com/journals/jama...
www.ncbi.nlm.nih.gov/pubmed/2...
Econclips video:
• 💰 Universal Basic Inco...
www.technologyreview.com/s/61...
www.forbes.com/sites/amysterl...
If I had UBI I'd definitely sign up for Brilliant.
Exactly! It would spread the money out to many different smaller business and would circulate over and over again in our economy, rather than it just being swallowed up by the giants to sit somewhere and never be used.
Y'know, I laughed this off as a sarcastic quip, but I probably really would sign up for Brilliant or Curiosity Stream.
That's actually very fair point...
Don't bother. I tried to read their section on Big O notation (Computer Science stuff) and I only understood it because I just finished reading a book on it. If u didn't read that book it would have been really confusing.
If I had UBI I'd stop working.
Wow, I don't know when I last saw a political issue handled in a more balanced way. Joe is more trustworthy than anyone I know of in the mainstream media.
Thanks Joe!
Eric Christensen Sad isn’t it
He might be more balanced, but he's also leaning towards to pro UBI side
@@rutessian because anyone familiar with the relevant data who doesn't have a corrupt agenda sees the value in this policy.
Yes he does seem to be leaning towards the UBI side but, this video proves that you can be balanced in your presentation while having your own opinion.
@@christopherchilton-smith6482 What you are saying is that anyone who interprets the current data differently from me must have a corrupt agenda, Gee, now that sounds pretty unbiased, doesn't it?
I love how you handle the right/left politics on your channel. I can tell you are much more to the left than I am, but I have never once felt that you are talking down to me or calling me an idiot because I am right of center.
I have learned so much cool stuff from your channel. I look forward to each of your videos.
Hopefully we see more content creators move in this direction - Sticking to facts and understanding that opinions are valid, whether we agree with them or not.
We don't all need to be fanatics
Same
@the hevy yeah he’s admitted to being left wing in other vids and his other channel. As someone who is right of center I appreciate Joes commitment to facts and logical reasoning.
@the hevy As Brandon Franklin said, he has admitted to being left-wing. But what you said is quite dumb. If someone makes a joke at the expense of the right wing or just a joke that a right-wing person wouldn't make, does that not imply that they are on the left?
Joe Scott: A recession caused by automation might be on its way
Coronavirus: Hold my beer
Joe Scott: A recession caused by automation might be on its way
Coronavirus: Hold my beer
US Senate: How are you gonna pay for that beer?
Trump: We have the greatest beer ever! Some people say I brew the best beer. My tariffs on Chinese Virus Beer are creating the best economy this country has ever seen.
Trump (tomorrow): I've never even heard of beer. What is beer? Fake news!
Coronavirus: 🤦
You mean "Hold my RNA"
Right my jobs been stable for ten years and just laid off 18 people last Friday not me but a 1/3 of the work force here
me 7 months after the start of corona looking at this comment when the world cases were like 50,000 and now its 50,000,000 worldwide cases
Ironic since corona iS a beer and coronavirus is drinking it😂
I'm for yang and his form of ubi.
I grew up poor (welfare, public housing, food stamps) 5 kids to a single mom.
When the youngest started school, my mom got a minimum wage job (cleaning motel rooms) and the welfare stopped, food stamps went way down and our rent went from $0 to $250 (1983).
In short, we became poorer. My mom worked her way up. With each increase in pay we received less assistance. She worked hard, taking all the overtime they offered, but she was running on a treadmill, never getting ahead. By the time she became the manager and all benefits stopped, all of us kids were already "troubled". Two had dropped out of high school, two were on track to dropping out and one was in a juvenile detention facility. The combination of not having a parent at home often enough, growing up in a "bad" neighborhood, attending the "poor kids" school where teachers didn't care all led us in a direction contrary to our best interests. All of us left home before we were 18.
Three of my siblings spent time in prison. Looking back, we didn't stand much chance for any "success". The system was backwards and broken. It punished the working poor. With every foot my mom put forward, the system pushed one foot back.
My story is not unique. It happened all around me then and is repeating today. Some, like my mom, try to get out of the system only to find themselves at the same result of my mom. Some are content in the system and dont ever leave and the results are the same. Of course some come out of the system and find success but most do not.
UBI back then would have been much better for us and the country.
My mom could have spent more time with us. She could have afforded to raise us in a safer place where we would have attended a better school. Our young minds would have formed in a nurturing environment. Society may have been spared the burden of paying to imprison us and instead invested in us to become contributing citizens.
Today all of us 5 children now in our 40's still carry the scars of our youth spent in the system.
All of us have or still are getting some form of welfare.
UBI would end this cycle and give everyone a real opportunity at success.
Thank you for taking the time to read my story.
Thank you for sharing it
This is a story worth sharing!!! Thank you!
Thank you for sharing your story. UBI in some respect sounds good but our values need adjusting as well. Uniform health care, education, access to food and decent housing will all become issues. Not that it’s an issue now.
Ploo, it's very telling that you write as well as you do (better than any CEO I've known, in fact), and yet you say you're still on welfare. The U.S. is a horribly class-based society, and those born at the bottom rarely claw their way out of that hole. The smug rich call it "pulling yourself up by your own bootstraps" for a reason: it's a physical impossibility. The self-made man is an evil myth.
I've some parallels to your story, but my mom was disabled.
At one point, we lived with 11 people including us. Each person afforded a bill for their stay. Eventually, my mom moved me up to a small town where the impact of UBI would've made such a huge difference(not that it wouldn't before)
I've seen shops incapable of staying open, because nobody bought stuff. Franchises could stay, but we had two stores, one being unique to the region. Basically, the town was hopeless.
Ive struggled the past few years, and now I live with my gf's mom. Still incapable of taking care of myself, by myself. Not wholly.
I worked for 41 years before retiring for good. I earn a respectable pension and social security covers the rest. With UBI, I believe participating in humanitarian projects would be the way to go. I could name a laundry list of projects that people could participate in while collecting UBI. My thing is fiber arts. I could teach young people how to sew and get creative with fabric. Automated factories lose the artistic ability to customize and create interesting design. That’s just one example out of many.
I've been following Andrew Yang for a year, and you actually brought up some issues and points, like the Cherokee nation study, that I hadn't heard about before. You might be a good resource to Yang to help him with his policies. I think many of the current politicians, like him, are way more receptive to science than previous generations of politicians. Thanks for the fair, balanced info.
"many of the current politicians, are way more receptive to science than previous generations of politicians." oh, i nearly choked. thanks for the laugh.
they are not 'receptive' they just use it as the latest excuse to perpetuate their position/fantasy.. i have to go i'm hyperventilating. :-)
He's got great ideas to raise more money, but just because there are more money doesn't mean the politicians and the lobbyists behind them will fund something like UBI. Something that goes against their own interests. Take a certain billionaire Mr Jeff for example. He works extremely hard to ensure he pays next to no taxes at all, despite being the richest man in the world.
@@LeongGunners This is just an attempt to buy votes with a welfare promise to replace Social Security.
I'm a conservative, but I actually like the idea of UBI. It's like capitalism, but you don't start at zero.
Its real freedom
It has nothing to do with capitalism. obviously it's communism, it removes incentive. you need prices/calculations to have a market. without those you just get communism with it's central planning. Just hope that the AI will not fuck up and not again result in many tens of millions dead people...
@@ResurrectingJiriki its not communism, it's socialist-capitalism. Capitalism with an actual goal to redistribute wealth more equitably. In communism, there is no higher class, everything is redistributed equally..
@@ResurrectingJiriki What central planning?. Nothing about UBI entails central planning. Yes, the government uses taxes to keep people at a certain base level. Those with ambition will still push us forward. IF technology does decimate most basic jobs. Something has to be done.
@@scottwhat3362 capitalism would be able to deal with that
It's gobernment that destroys free markets.
Something has to be done about gobernments destroying the economy and people's lives.
The fact you don't understand the first thing about economics doesn't magically make this a solution that will NOT destroy incentive and more lives.
But as every time with communists, they are better off dead...
Without even considering the subject of Univ. Basic Income ..there is extreme value in this video with respect to the impacts of poverty on young people
Add UBI then add 2 taxes to daily lives....
What's the point of adding $1000 a month that would cost $4 trillion a year to federal spending, then also add 2 different taxes to daily lives.
That would cancel the $1000 a month. Literally a pointless idea.
spydergs07 no it doesn’t cancel the UBI. You aren’t doing math correctly but or you spend $12,000 a month. I believe the tax on spending that much per month would be enough to consume the $1000 per month UBI. So what. The wealthy break even. They don’t need the UBI to survive or to care for their children or elderly parents! If they really want to stash the UBI they can spend less. Like they always tell us not to buy a coffee or an avocado toast!!!
@Vlad the Inhaler You gotta discourage mindless spending hence vat
I was poor when I was young. I didn't like it. I worked hard, and provided services of value to others. Now I live on a million dollar property in Jackson Hole.
And, now, lazy losers want to expropriate me to provide UBI.
Elijah Truth!!
It's always refreshing when someone gives a well balanced opinion on political subjects. Great video.
It is. Do you know where I can watch one? Because this was the most blatant attempt at propagandizing I've seen in a minute.
@@chopinbloc Then you are clearly well programmed already.
Well balanced? How much time was really spent on the cons?
The Chopping Block change your name to “The angry Conservative”
I’m gonna put a mattress in a van and live off of my $1,000/month.
And make Jack Keroack style You Tube videos, give massages and play the banjo. Why not?
Oh, please tell me it will be "down by the river."
It’s exactly because of people like you that some scepticals remain sceptical
But i don’t worry
Once everybody starts working +UBI you’ll regret ever doing that.
Real free choice. Real freedom!
Similar plan, but yurt. How is it an abuse of the system if people choose to live more simply and consume fewer resources rather than work? We only have one life - you're going to spend it working for someone else at a job you don't really care about? I feel it's very wise to value time and freedom over material things.
I always find the argument that people would just stop working super weird. Have discussed UBI with a lot of folks and all of us said we would keep working (with the exception of some friends with young kids or long term health issues) That said, more financial security would empower a lot of people to make themselves more employable. Lots of people I spoke to mentioned they would use the money for things like skills training, going back to school, and regular medical check ups.
@@antiricergt Do you not live in reality? In the one I live in, $1000 a month is not enough to survive in the US. The average cost of living for a single person in the US is over $3000 - of course people will still work. The reason people don't work when they receive disability is because the system is designed to keep you on it. If you get a job, you lose the benefits. Most people on disability would love to work, but if working means they can't get the medical care they need to live - living off $700 a month by living with someone else or in assisted living is a lot more appealing than, you know, death or hundreds of thousands of dollars in medical expenses.
UBI isn't covering those expenses. It's just extra income. It's not enough to survive on, and it doesn't go away if you get a job. Since you'll still need a job, and you don't lose the thing keeping you alive by getting the job, you'll get a job. Lemme be clear here, I'm a conservative. Do I think this is needed? No. Do I think it's worth totally upheaving our nation's economy? No. But in the reality I live in, even my southern-born Church of Christ-raised-in self has enough common sense to know that, if it ain't enough to live on, people will still work.
What I will say, as a conservative, UBI has *potential* IF and only if we completely do away with our social security and welfare systems. To that same end, as a conservative, I'm not inclined to support something that would have that drastic of a change to our country's economic and bureaucratic framework.
The UBI effect on the Native American Children was Not that they knew their saving account grew, it was a reflection of the effect UBI had on their Parents. Their Parents acted differently that improved their Children.
That particular example is worthless: The Cherokee are a small group who are able, through their casino income, to garner and distribute a windfall.
UBI for 300 million people will NOT be like that.
I don't see how you would use the natives. The Res is universally regarded as terrible
@@nicholasbrosseau6035, from the perspective of a 30 year old outsider but I believe the point made was of the children just coming of age. It's only been about 20 years since this was enacted and the study shows improvement at less than 20% of the adult population, of which, there are smaller percentage with children that this applies too.
Gotta love statistics. Makes anything look like a large piece of the pie if you just keep dividing the slice. Lol
@@jlv1180 that's kinda what I feel. Overall the tribes are really not doing so well, and they've got soo much welfare coming through.
To say nothing of the dividends that some tribes are getting from casinos. If there's evidence supporting UBI I don't see it in this case.
@@nicholasbrosseau6035 They don't have torture camps or slave prisoners .
The most important issue, which is rarely mentioned, is that UBI needs to be implemented by a neutral group of experts!
Having politicians negotiate the details is the surest way to get the worst possible version of UBI, which will backfire the hardest. Remember that some people WANT it to fail, just so they can then claim that any version will always fail.
Unsurprisingly it's the wealthy greedy people who want to see it fail (wealthy generous people want to see it succeed because that will save them the trouble of having to build an army to defend themselves in the future, plus it carves their names in history. The more altruistic ones can see it will be benefitial to humankind.)
Unsurprisingly the wealthy greedy people are the ones in charge right now, and will be likely so until political and economical power can be divorced definitively. USA's biggest obstacle to achieve that lies in how they legalized corruption with the lobbying system.
And republicans will then gut that agency and appoint partisan hacks see the Consumer Protection Bureau or the State Department.
Yang’s UBI is pretty simple and straight forward. Are you talking about the tax collection to support the UBI or what?
I political lying troll , that is why Joe tries to keep his channel off politics
@@elsagrace3893 Obamas healthcare reform was simple, straightforward and clearly designed to lower health insurance costs or replace them with medicare.
Have you seen what congress came back with?
To me it sounds beautiful, one more step from the "survival of the fittest" to a society that takes care of each other. My own experience has proven that I am a much better person when I'm under less pressure and feel supported instead. It's true.
The Yang way of measuring sounds really interesting, considering that most of us don't want money to hoard it, but to accomplish one of those standards he mentions - quality of life, effectively.
Universal Basic Income has potential but it's disturbingly close to socialism and therein lies a serious issue that needs to be watched very, very closely. Also, should the US ever implement/venture into a legit UBI type system... it needs to be made mandatory that, in order to collect UBI, people must work (or volunteer) a minimum number of hours every week to qualify for UBI... no excuses/no exemptions aside from certain legit medical reasons.
Bloody fanny .
@@__WJK__ That sounds like a nice idea, especially including volunteering into the definition of "work". That might really drive forward worthy causes that are currently neglected for a lack of profit.
WJK your idea of mandatory work defeats the whole purpose of the UBI. All you’re doing that is getting paid for your work but through a different source. The whole idea is that you are released from the obligation to work in order to “feed” yourself. That allows you the flexibility to do things that you could not otherwise venture into. So while you’re experimenting, you aren’t working until you figure out whether that experiment works or not. I think the key is that the money is not enough to give you a comfortable life, that it should be indexed according to the cost of living in your area and frankly if you’re rich you don’t need it so you don’t get it. Of course It’s all about the details.
@@nixl3518 - I see what you're saying but the main point I was trying to make was... by freely handing out cash to people without at least some kind of small requirement to get it/earn it, we end up with a lot of entitled citizens (aka: entitled brats). I was trying to point out the pos vs neg human psychology aspect between a handout vs a handout earned, if that makes sense(?) When we as humans put forth even a little effort to earn something (vs receiving a thing for free) we tend to appreciate the earned things more and also tend to take them much less for granted.
"it's time to panic" we all knew it was coming...... Lol
I was waiting for it. There was no way Joe was gonna leave that one hanging.
Really can’t see the downside to fewer lawyers in the world...
If it werent for lawyers
we probably wouldnt need'em.
@@salinagrrrl69 🤣
are you kidding? keep those sociopaths in one place, easier to keep track of. that and workplace politics is already getting out of hand, I don't want those assbags coming in and making it worse.
I think even most lawyers would rather have fewer lawyers.
Yep
It would also reduce fake jobs.
There's a great book I read called Bullshit Jobs. It was really interesting.
@@joescott I finished reading it last week and immediately thought of it while watching.
Or maybe all jobs will end up being fake jobs just so we have something to do... :/
You mean like those guys who dance with signs for nearby stores, both promoting the store while debasing the employee?
Yes, get rid of the gig economy!
Me, in the future, watching during the corona virus crisis, waiting for my stimulus check “Ya’ll should have voted for Yang!”
Amen
A trillion dollars here, a trillion dollars there, and pretty soon you're talking about some real money...
---Everett dirksen
I work in insurance... it's stressful, soul crushing and incredibly boring all at the same time. Unfortunately, my family rely on me to pay bills. If UBI was already a thing, I could look for a job that I really want to do, or go back into education. UBI needs to become a reality. I hope it's the norm by the time my 2 year old is looking for work.
Great job tapdancing through the minefield
He danced around all the hot buttons LOL.
Yeah, well done joe
I was cringing when I heard the topic on OLF, but he pulled it off nicely.
Yup.. none of the mines got triggered.
@John Smith if so, then Star Trek does as well. We're likely to develop a different economic from what we know as communism or capitalism in the future. I guess we could have jobs like George Jetson, idk. The number of jobs may not decrease by 40% in ten years, but it's highly likely in a hundred. It's easy to imagine that 1000 years out we're all governed by some version of wall-e robots, and any job you take is one taken for pleasure, not payment. Call it communism if you like, but it will look nothing like Stalin's communism.
The Game "Monopoly" would be very boring, without UBI
It would be over immediately. I call that a GOOD game of Monopoly 😂
Touche, sir! 👌😄
The game would be very different without UBI. There is a set amount of demand and a set amount of supply. The amount of money on hand will change the cost of things. Property value and rent value will not be how we remember them.
Monopoly has basic income. $200 to pass go.
Theres a reason they call it a salary. Its not a UBI. It assumes your working for it.
Each time an American call a left-winger 'liberal' my European libertarian heart struggles
curious as a American libertarian what do you think about firearms and drugs? Like weed and other substances?
liberalism and libertarianism are not the same, they are quite the opposite in fact
@lygophile that's weird, in Canada where I'm from and in US, Libertarianism is probably the most rightwing political stand there is, where there is no power to the states, no taxes, no public services, all privates and everybody get only what they can directly pay for, so quite dystopian for a Canadian point of view. Whereas Liberalism here, is the complete opposite and is associated with leftwings, socialism, immigration, multiculturalism and all that stuffs
@Rigma Roll because they both start with L.
@Rigma Roll also its really easy to do. Try it once.im a liberal conservative.
"In just 4 years, were behaviorally no different from kids who had never been poor" sounds like a line out of the onion
It's refreshing to see that almost 99.7% of the viewers are open-minded and rational thinkers, based on this video's current approval rating :)
UBI is closed mind. Open mind is supporting real freedom
@@davidchindumbo7637 Well anarchy is the alternative to socialism once capitalism is dead in a century or so, as long as they keep you anarchists away on an island somewhere so you don't try to rob the rest of us out of desperation.
I'm guessing you felt less refreshed after Rob and David replied Worth a laugh anyway :p
Marcus Aurelius: 'Poverty is the mother of crime'.
Intelligence plays a greater role in the behavior of an individual than does economic status.
...which can be easily morphed into the criminalization of poverty. Get-tough-on-crime politicians will (have) proposed jailing poor people. Think workhouses. And, somehow, white collar crime doesn't exist.
zBones762
You’re debating a long dead Roman emperor.
But he would say you’re mistaken.
Man was a genius.
Crime seems to pay UK. Chance of caught close to zero. Chance of police trying to catch criminal zero. Punishment when caught zero. Tax on criminal proceeds zero. Yes someone just stole my catalytic converter. Earlier in year some one stole all my luggage from boot of car.
I like that it's actually fair. Every bit of social help has excluded my family for various reasons while other families were pushed far ahead of us by the government for stupid reasons. It seems like a good replacement for a lot of pointless services.
On top of all that I'll mention again. It's fair.
Man, this vid is aging really well
or not !
@@calgar42k I think that might have been the joke
Now we're in a economic recession
Love how you manage to talk about hot topics without putting your own political bias in all your videos. Rare these days.
You can't be serious. He was dying to yell "we have to have this". I like his science talks but it's clear where his politics are.
It's more clear he is being moderate about his political views in respect to the audience. This video steers more to the benefits or the impending issues it might solve than the opposite. It doesn't "yell" anything.
Yeah for sure he showed political leaning in this video.
However I still can appreciate the video
There is some serious capitalist bias in this video.
The thing is, this is a hugely politicized issue and he has a bias yes, but it's not that bad and he is actively trying to reign it in. Which is all we can ask on these kinds of topics, whatever your political beliefs are.
On the Ubi issue, something Andrew Yang said that makes sense is that it's still capitalism but you don't start at zero
No, it just re-calibrates where that zero mark is. Have you ever used a micrometer or rifle sights? Zero is a relative value. You close a micrometer, loosen the set screw, and adjust the dial until it reads zero. When you first adjust a rifle sight, you fire a group and then adjust the sight in such a way as to match where the bullets impacted. If everybody has a little more money, they will theoretically spend a little more. That's the entire point of the exercise. But every first year economics student can tell you that increased demand leads to increased prices. Ultimately, equilibrium is reached and everyone's purchasing power is right back where it was before except now they are dependent on the government just to make ends meet.
@@chopinbloc it depends on who takes the money. This is a attempt to replace welfare and theirs a number of people who aren't on welfare who could use money to help them make it to the end of the month. Most people will probably pay bills, buy groceries, buy gas to get to work and maybe repair their house or car. Some people might do more dumb stuff they do already but even that feeds the economy and creates jobs
@@macberry4048 Nope, several other commenters have advised me that UBI is not intended to replace other welfare.
@@chopinbloc you can have one or the other. That's why he always points out that it's $1,000 no strings attached. In the interview I saw him on, he brushed past the part. There's no way people on welfare are going get welfare benefits and extra money
@@macberry4048 Thank you. So let's game this out. Let's say I'm living in public housing, receiving SNAP, UI, and disability. If I elect to receive UBI, I lose some of those benefits. What reason would I have to take UBI? The only reasons I can come up with are:
- It's just plain cash so it's easier to spend on drugs.
- The complex calculations that the bureaucrats use to determine how valuable some benefits are could come out in my favor sometimes or against in other cases. That is, maybe the government spends $1,200/mo on my housing, but I could get a similar apartnment for $800/mo.
That's purely speculative on my part, but it really seems like UBI as you are explaining it is just another level of welfare for slightly less poor people who couldn't qualify for other benefits. I'm probably right in the middle of the demo that it's targeted at because $1,000/mo would make a profound difference to my family. $1,000/mo for each of us would be enough that I could just stop working.
Mid Covid19 season i think every person would benefit from having some security while everyone is in lockdown. Ive also seen another breakdown of UBI and they suggested taxing companies that use more automation. So a tax per robot used instead of a person. But that tax will still be less than what they pay said worker in wages benefits and so on. so the company still saves by having a robot. The money gained from the extra tax due to robotic workers goes in to the pot used for paying UBI
"Enlargify your thinkification machine"... had me in stitches :'D
Love your stuff Joe 👍
Milton Freidman's proposal was a little different, it was linked to income so that the payments were reduced as income increased, but the reduction was less than the income increase, assuring that there was an incentive to earn more.
But any guaranteed minimum income proposal, Yang or Freidman, would be an improvement over current welfare, and make it more reasonable to accept part-time or temporary employment.
From an administrative point of view giving everyone a fixed amount is much easier than making loads of rules to decide who gets what. A tax system where everyone gets a fixed amount and income taxes only start when income is significantly over that, say no tax till a person earns double the UBI means that taking on a job is still profitable. The UBI in the US will really only make a difference when healthcare costs are brought under control. Any country where people with health insurance are still filing for bankruptcy is deeply flawed. Outside of the US, this is almost unheard of.
How would a ubi be paid for short of increasing the income tax to over 90% for everyone in the middle and upper classes? Also, the universal basic income, coupled with the increased taxes, would discourage hard work. If people don't have to work full time jobs for major corporations to make ends meet , trust me, they WON'T!
@@peglor Since everyone wants to live forever, the appitite for health services is endless. Few people are going to feel they don't need more health care. It has been our increasing prosperity that has had people feeling they are entitled to the most advanced procedures available.
@@suthinscientist9801
In Canada I would say make the system simple and lay off most welfare administrators and all Canada Pension Plan workers, etc.
And if you wanted to ever eat out or go to a movie or have a drink oreven go for a drive, you would have to work.
If it were possible I would almost want a dual currency system so that the UBI could not be spent on non-essentials.
Milton Friedman's idea would be better than both the current welfare system and what Yang is proposing. The main thing is to help those in need of financial aid and help them lift themselves out of extreme poverty.
This is the best information I have seen on this subject. Excellent pros and cons video!
Universal Basic MATH: (Correct me if I am wrong, Please. I am not above reproach, I make mistakes as well.)
Equations: (Monthly allowance) x (Months) x (Current Population) = (Total cost for UBI Yearly)
(Total Governmental income) - (Total cost for UBI Yearly) = (Remaining Budget for all other Social and Governmental expenses)
$1,000 (Monthly)
x 12 (Months)
x 328,915,700 (USA Population as of May 2019)
= $3,946,988,400,000 (Yearly cost of UBI for the USA)
- $3,643,000,000,000 (USA Government estimated total revenue 2020)
= $ -303,988,400,000 (That's a NEGATIVE Number!)
You can't be serious. He presented no substantive arguments against UBI. He didn't even MENTION the obvious problem of inflation.
It's amazing how people automatically assume and go on the attack. Virtually all other information for and against this subject is attached to political propaganda. Joe did a fairly good job of avoiding this. If you don't like his information, he gave you sources to go check out.
HuzzahGamers - Almost all Government social & welfare programs (& their attendant bureaucracies) would go the way of the Dodo Bird. That includes much of the SSA. Most of those earning >$3000/month would have to give back part or all of the stipend depending upon their earnings (Per Nixon’s proposal, that would be $1 of stipend for every $3 of earnings above $3000/month). That means 30% of Americans would get reduced stipends & 30% of Americans would not get the money at all. Because children are assumed to be living with their parents/legal guardians, they’d only get 1/2 what adults would get. So, you probably want to cut your figure by 60% & find some way to account for the disappearance of some of the New Deal & almost all of the Great Society agencies in your calculations. &, if Nixon was right, the government would get an additional $300+B in taxes from additional economic activity.
@@mikeself1 Not even close. He just approached it from a perspective that you agree with so you are oblivious to the bias.
Long-time viewer long time subscriber, I like how you make your approach to things each way equally got a refreshing to see something not toxic. Thank you for the information that you've taught me over the years.
I don't know what some people are scared of with UBI. $1,000 a month really wouldn't go that far so people would likely still work at least a little. Using my own monthly expenses as a base: $500 monthly rent ~$100 utilities ~$250 monthly groceries ~$120 student loans $300 car payment That's $1,270 a month in expenses so I would still need to earn $270 for other living expenses. Also this isn't including going out to eat, seeing a movie, buying clothes, paying for a streaming service or 5, etc.
The real game-changer would be a shift in consciousness of We the People. I'm in my seventies now and for over 30 years I have watched people's lives transformed by changing from a me Consciousness to a we consciousness. When I changed my business model from a profit Centric to a We having fun together Centric business. Something completely unexpected happened... we never made so much money.
Thanks for the advice. I worked in not-for-profit theater and had a lot of fun but made little money.
And then I sold antique and design it was fun at the start but I held onto the objects a bit too greedily rather than realizing that the profit is in letting go and it started to become „not fun“ the more serious I was and then I liquidated.
I am trying to figure out the next venture, but fun needs to be part of the whole model.
Thank you sir for saying this! I completely agree! I feel that there is too much distrust in the world, and I believe that is the fundament of a bad mental health climate. I am convinced that a UBI will not only decrease poverty and increase productivity (because let's face it, humans generally do not want to just sit on their asses and do nothing), it will also increase the faith and trust in the government, and make people feel like they actually get something in return for all the taxes paid.
the thing is you can't do anything with that. sure it would be great if people had a We vs Me attitude, but they don't and you can't make them. with a UBI people are a lot more likely to have that attitude because they won't have to be as worried about themselves. obviously there will still be greedy people but maybe a little less.
Camden Courcier the system hates unified collectivism, unless its weaponized in a system of war. When the people start to think as a WE instead of a ME, the command chain gets convoluted and dismay can happen. Especially if you have a few divergent powerful people with empathy.
@@Alex-gc2vo Try not to be so negative. The shift is definitely happening, and I see it around me more and more. Turn off the news though, they'd like you to believe otherwise. ;)
This might be my favourite channel on UA-cam and now I've got 40+ episodes of
Our Ludicrous Future to watch.
Regardless of whether one is for or against UBI, this was a very thoughtful and well-balanced discussion of the topic. Just one of many reasons that I watch a LOT of Answers with Joe and recommend many of the videos to friends and colleagues.
The factor I think is often ignored, is that most of the UBI money goes right back into the economy and boosts it for everyone, even the rich.
I appreciate the evenly weighted approach to this polarising topic
Joe’s presentation wasn’t too bad, and he deserves some credit for that. But it’s clear where his sympathies are. The way he talks down markets is a dead giveaway. But what are markets? Markets are people, freely offering their goods and services to other people in exchange for money which is also freely offered, or withheld. In serving the market you are serving people. Markets are generally (though not always) humane, but that point is rarely if ever recognized by liberals, who far too often offer only compulsion and coercion under the guise of compassion.
UBI is nothing but a politician's bs sales pitch to get elected president. The inexperienced and those easily seduced by UBI always fail to ask the most important obvious question... Where exactly is the government going to get the billions/trillions of dollars needed (every year) to pay everyone a weekly UBI (lol) ???
@@apparently2 Yes, Billionaires are still people but so are the poor.
MATH on the Andrew Yang swag stands for Make America Think Harder.
If you find yourself getting a UBI you will have to think hard... like how to avoid the hundreds of millions that will soon be living in mass poverty along side of you. You guys really should watch some Milton Friedman and not just take Yang's word for it, he's lying to you... MF never supported anything like a UBI, but he's dead so he can't tell Yang and his lazy base to go fuck themselves.
Slogans, you literally will sell your self out for a mindless slogan... "Freedom Dividend..." I'm happy Yang had had more than fair time on all major news networks and been in 2 debates and still is at 1%... Luck is on the side of the economically sane for the time being.
@@FEV369 the video literally give an example of long term 'UBI' and it shows better life results
@@FEV369 dude cool it, this is not the place for such venomous commenting. Keep it civil or keep it to yourself. There are TONS of other channels that love when people get that riled but this isn't one of them. Grow up and remember some manners.
david abe - “Freedom Dividend” was the exact term used for the money most of us received from the government in 2002... As Nixon proposed it in 1969, UBI was to replace the myriad of agencies created during the Great Society & the War on Poverty (along with a few created by the New Deal), & UHI was to replace the “patchwork” of Medicare, Medicaid & Employer paid Health Insurance.
@@FEV369 we had an experiment of UBI running in Canada that was helping people escape poverty by either supplementing their rent payments, or allowing people to be able to afford a car payment. It boosted the health and quality of life of the people involved.
Even if they copied what the Cherokee UBI system is like would be tremendous. Anyone under 18 gets even 500 a month till they're 18 by which a lump sum is given to start their careers/schooling.
Would be significantly cheaper than UBI and help flourish the future generations.
18:33 As far as I know, soviets failed because of being poorly executed, you see, it's not about being either full on capitalism, or full on communism, it's the balance.
UBI would have been a lifesaver when I was raising my kids and my ex wasn't paying his child support (he never paid it...not a dime). I worked 2 jobs/6 days a week most of the years they were growing up but it was still difficult to make ends meet and I HATED having to use food stamps but we had to a couple of times during those years. And you think things will get easier once the kids are bigger and you don't have to pay for daycare or babysitters anymore but it's not because they're bigger and there are more expenses to go along with that.
A few benefits of UBI -
1. Reduced homelessness
2. Reduced recidivism
3. Reduced child poverty
4. Increased charitable giving
Still, there are a lot of unknown effects that wouldn't all be good, I think some serious study and modeling would be necessary.
Correction: "A few *possible* benefits of UBI"
I agree those things would be nice. But without any empirical data, we are just speculating. I think it quite likely that the additional cash pushes prices up and we all stabilize at more or less the same level of buying power but with more government dependence. It's entirely plausible that UBI could have a negative influence on each of the factors you mentioned.
The Chopping Block, but you know people will misuse that $1000 a month. It won’t be completely effective.
I've listed a few objections elsewhere. Review them if you want.
ua-cam.com/video/c4W8p3b2p58/v-deo.html&lc=Ugy5tmoxQyfXXIpfX9Z4AaABAg
@@wyattb3138 Probably not. One of the biggest arguments against us that we really have no idea how things would play out and no way to know. I'd rather see the effects for decades in some Scandinavian country before attempting UBI in the US.
@@chopinbloc Was the casino and kids not enough for you?
As a programmer, I am happy that my profession is trumping lawyers.
And since you're a programmer, I'm sure you're aware that neural nets are being trained to code.
@Keanu Reeves
programming will be one of the last professions to fall to automation most likely, as it is an immense challenge
@@moth4256 Depends on what you're programming.
Until someone develops a program that can program programs, lol.... @JoeScott #AI
You chose... wisely.
I’ve shared this cause I agree with you! And I hope some of my friends need to consider this topic! Thanks!!
I doubt you look at these comments from old posts, but it would be amazing if you could revisit the UBI concept under the light of the pandemic
I second this now that we are starting to crawl our way out of it.
When I lost my free state -healthcare- insurance*, I made something like $30-$50 over the maximum income allowed.
Haven’t had healthcare since.
Edit: To clarify, I meant I lost my free state insurance. I haven’t been able to see a physician without paying $150 up front. I’d have to lie about being homeless to get seen for free (or so I’ve heard). Unless it’s something the emergency room can fix, I’m SOL. And since most emergency room visits are for injuries, I’m treated like a opiate junkie because doctors have become assholes to anyone in pain, especially if you don’t have insurance (in my experience).
I haven’t had healthcare, like a proper doctors appointment, besides some emergency room visits for over 2 years. So it’s not like I’ve been suffering, but issues are starting to slowly arise with age and negligence. Just glad I’m relatively healthy. I appreciate everyone’s kind words nonetheless.
That sucks. Im sorry. Conditional support is inhumane.
Chore Boy Not fair. That needs to be fixed. You should be rewarded for working, not penalized.
that's nuts.
How barbaric and disgusting. Free healthcare is a human right AND good for the economy.
@@MrLanceDBrown
Definitely not human right
And it's never free, someone always has to pay for it.
I'm from Czech Republic and we have public healthcare system. Every citizen is insured and insurance is calculated as a percentage of ones income and it's deduced automatically.
So it's not free - everyone pays for everyone's healthcare and it works quite well (of course, there are some issues).
And it's good for the economy.
So just modify your words a little, you have it almost right.
If I had a UBI I would fulfill my dreams of opening a cat shelter in my small town.
Reasons like this that I don't support UBI. Wasting my tax dollars
@@damonguzman How exactly is an animal shelter a waste of tax dollars?
@@no-prophet If you want to make a business out of it, draft a business model and find investors or fund it yourself. Don't charge me to fund your dream.
@@damonguzman Animal shelters aren't for-profit businesses, at least they shouldn't be. They're meant to keep animals off the streets so they're beneficial for all and they should be tax funded because of that. OP probably doesn't have one in his/her town.
@@damonguzman On the other hand, if someone makes a for-profit business from basic income money they'll be taxed on it and you'll get your basic income money from their money. So, a win-win?
My choice was Yang, but he didn't even have a chance. Thank you for doing this video, only wish I'd discovered you earlier.
If i had ubi, i would go back to school to upgrade my skill set.
you wont get it there. 'schools' are an industry run mainly to keep you just dumb enough to make you realise you are not smart, and thus to perpetuate the industry.
by all means upgrade your skills. good luck with that.
:-)
Why wait... you can go back right now with student loans or grants that do not need to be paid back. btw... UBI is nothing but a politician's bs sales pitch to get elected president. The inexperienced and those easily seduced by UBI always fail to ask the most important obvious question... Where exactly is the government going to get the billions/trillions of dollars needed (every year) to pay everyone a weekly UBI (lol) ???
@@__WJK__ or the 'billions/trillions' for the 'grants and loans' that you also 'don't have to pay back'. sheeple need to wake the fuck up. why 'go back to school' to upgrade skill-sets that in the vast instance are either useless or outdated and just perpetuate the illusion.
@@bikerfirefarter7280 lol 'sheeple' what do you live on facebook lol.
@@yinoxa3208 I don't 'facebook', have no need/interest, don't ever intend to. Got a life. Thanks. ;-)
Im making good money for the first time in my life, but about a year ago I was making min wage at Subway. If I accepted more hours, I would lose free health insurance from the state. Because of this I had to refuse more hours at work, and therefore more money. I support universal income despite being in a better position right now.
*Edit: I pick up lots of extra shifts now that I feel Im being paid what Im worth. I was raised on food stamps, public schools and medicaid.
Happy for you, keep striving to take the next step. Sounds like you're doing well so far. Good luck!
Congrats on doing what you needed to do to get to a better position for yourself. I don't know you, but I'm happy for you.
So what your saying is you were dependent on a government system that controlled you and prevented you from making more money by potentially taking away your needs.... but you want to give them control over all our needs....
This is a real problem especially if you have children. $1 over the medicaid limit and you are screwed. My wife has people working for her who refuse more work because they have children and will lose their health insurance. They aren't poor but the way it works out. It's about getting your best bang for the buck. Working more in their cases makes no sense, I would do the same. Once you get medicaid it's free or half prices schools lunches, summer camp for free or very cheap etc. etc. $1 can screw that all up and it worth a lot of money, my health insurance costs $17,000 a year for a family of 4.
Kevin V. Im not going to try to hard to make you see my point of view but here goes...
At the time, my support system sucked. Just starting off as an adult, I had no car, no money and my family wasnt able/wasnt willing to help me. Because I had to ride a bus to get to work, that severely limited my job options, especially night jobs since the bus didnt run pass a certain time. If my boss needed me to work odd hours, that wasnt an option.
So here I was working TWO shitty min wage jobs but trying not to make too much so I could still save up without having to pay expensive bills. I guess the real "problem" is that I wasnt willing to go into debt.
Two things happened that finally got me to where I am at. My brother kicked me out for something unrelated to money (I was paying $600/mo to sleep on a bed in a living room while working min wage) and felt like I had no future. Out of desperation, I went and lived with my sister and slept in a shed while it was snowing for about a month. Thanks to my sister, I got a better job where she was working and she gave me rides every single day even though she kindof didnt have the energy or willingness to do it long term. I met a co-worker who liked me enough to continue giving me rides. It wasnt until 4 months later that I had saved up enough to buy myself my first car and continue paying bills in the meantime.
ANYWAYS, all these things had to line up to get me to where Im at now. But the thing that helped keep me off the street was the government giving me money. Without it, it wouldve been a lot harder. So yes, I want there to be more support for more people. You could probably bring up all sorts of arguments. Im not going to deflect each one. Im just saying that lots of people don't have support systems. Anyone who grew up with ANY sort of help should be grateful as I am. Im grateful for every bit of help I got, even from the government.
I have bigger issues with our current welfare system than with the UBI. That poverty trap is dangerous!
One by one, those welfare systems can be rolled into the UBI, meaning that those whole programs can piggyback on the UBI infrastructure. If a UBI works, then it can drag other programs upward with it.
@@MelindaGreen People say that, but when pressed other proponents of UBI admit that they don't intend to do any such thing and that UBI will simply be added to existing programs.
@@chopinbloc that is entirely dependent on the level of the UBI. $1k a month isn't enough to live off, so it wouldn't be able to just replace all other welfare systems. But if it was more like a minimum wage ($20k /year) then there would be no need for other forms of welfare.
@@chopinbloc Both are true. Those other programs will not depend upon the UBI or vise versa, but it will save money to start using the UBI infrastructure for other programs one-by-one. This also eliminates risks because even if the UBI fails, nothing else will be affected.
@@MelindaGreen Nothing else except all the people you took money from to pay for it.
Thank you. This is a really good explanation. I don't want it to come to this, but at least now I understand how this would work for the economy.
Personally, I feel that a society that takes care of its people creates people who care more. And just because there are a few bad apples doesn't mean we should forsake everyone else.
UBI takes stress off of people and allows them to focus on getting a job that they want instead of working a job that they hate just to survive.
I used to live in the French-speaking part of Belgium and they had that for decades. In the sense that you could quit your job and apply for unemployment benefits with no questions asked. You could be fit to work or educated and still decide to quit your job. Many people did it and started working on the side (undeclared). That means working people would have to pay more taxes and the government had less money for roads, public transport, schools, parks and so on. The area was is in the heart of Europe but looks like Soviet Russia. As much as I would love to get paid to stay at home, I've witnessed with my own eyes how it can destroy a country.
@@EricDec hahahahaha yeah, I bet. Although, I still bet it's better than starvation wouldn't you say?
@Papa Demon hahahahahaha that's what all the bots say 😉
@Papa Demon you know I'm contractually obligated to tell you that I don't care, right?
Oh, and I hate to break it to you, but I doubt anyone else does either.
Have a good night.
@@EricDec that does not really compare to UBI but thanks for your input I guess.
My thoughts on UBI are this: Thanks for the rent money, I need to go to work now.
Exactly. And we can perhaps pursue jobs that actually contribute more to society, advance science/medicine etc., Or fulfill us (making a happier, more content population) since we aren't stressing about housing (or other basic necessities).
I like the idea, it means I could work part time or no time if I wanted to.
@@douganderson7002 what I'm old and lazy now lol.
@@douganderson7002 I don't mind the idea of working less than the 50 hours a week I do now.
30 would be nice.
Sounds good to me
4 years later and we still have made zero progress on dealing with the impact that AI and automation is going to have on job displacement
I think Ubi is going to be essential in the near future. From what I have seen even factory’s are going to be fully automated including self maintaining, that and most other professions as well. Because technology is advancing exponentially the scary thing is it’s happening faster than we think.
Been following you for years Joe! Thanks for doing this video. The general population needs to be thinking about this subject because it's only going to accelerate over the next decade. And it's not just automation. We need someone who's also thinking about what else is to come, like BMIs, AGI, molecular manufacturing, etc.
These red pills aren't working, i want my money back :p
Dear sir,
I object to your broad and crass statement that we the people of the chat are hoodlums. We are not hoodlums but are in fact vagabonds.
Yours with contempt
Earl von Chat
That's exactly what a hoodlum would say.
@@joescott - RABBLE RABBLE RABBLE!
Also, harumph.
Forsooth. I don't know what that means, but FORSOOTH I say!
Bertrand Russell endorsed UBI as a "vagabond wage".
Well........ can't argue with that..!
"No amount of money ever bought a moment of time" Tony Stark....
UBI...hold my beer!
I used to work for a firm that decided to let two people go and replace them with ONE robotic arm. The two workers role was to inspect a component at the end of a production line, then simply place the component into a large crate. The robot that replaced them cost £1,000,000. And required 3 months+ worth of calibrating by a team of Japanese engineers who had their living costs paid for while they were in the uk. Plus flights and wage. That company went bust 24 months later
This is why I'm skeptical with the bots taking over all the jobs, since while the bots will reduce costs in the long term, they will cost a lot in the short term. While some companies would be able to fork over the cash for the bots, lots of smaller companies might not be able to and while these companies might be paying more in the long term, it's easier just to pay a worker's salary in the moment. Due to a lot of local businesses being on the smaller side, which means they'll rely more on workers, I feel like there will still be jobs available. But what do I know.
@@71.218-westshed I agree mate! We don’t have crystal balls 🔮 but with a little logic it’s easy to see that most jobs will remain for some time. There will come a time when computing, software and tech will replace most of what we do day to day. But it’s a while off. And whilst I say we don’t have crystal balls” I also remember that in fact, my balls are fairly shinny. But hey, I don’t like to blow my own trumpet 😂😂
@@superfastmonkeysim5200 Yeah I think I got pretty good intuition though. Mainly it's due to past experiences of "we'll live in paradise or we'll live in heck on earth". From personal experience, I will say that a dystopia is just as likely to happen as a utopia and vice versa. This is why, like I said in earlier comment, that I'm skeptical about these apocalyptic claims.
(EDIT: Did not realize when you meant your shiny balls, you meant your testicles.)
@@71.218-westshed 😂 sorry I was just being stupid 😂🔮. But yeah it totally agree. Can you image the changes we will see in the near future even. And beyond that the next 400 years. There’s no way anyone can predict where certain technologies, sciences or cultures will take take us. I think we are evolving or moving forward at a similar pace to tech in certain ways. As we bond with tech we are pulled along. Ideologically speaking we are all being dragged along, but we are changing. I believe the future is bright. People get hung up on the fear of the unknown. But unlike any other species we are built to thrive and survive. And we will. As long as we don’t loose heart. Or what it is to be human in the best of ways
@@superfastmonkeysim5200 This basically.
“The politicians who are not talking about automation are failing the American people.”
-Andrew Yang
The politicians who aren’t talking about automation are old dinosaurs who think they know-it-all about the ways of the world. They aren’t looking for what they don’t know coz they know everything. This is a very bad position that many old people fall into.
AI is completely outside of their mindset. If they didn't grow up with it, it remains and unknown to them.
@@elsagrace3893 Or maybe it's just not a big deal
If Andrew yang doesn’t win you Americans will be biggest idiots
@@bhaktir2047 We are already the biggest idiots
Ask the AI to run a simulation on the UBI
Have the AI administer it. Like, why not?
I know you're being partly facetious, but the idea that we should monkey around with macro economics in such a massive way without even bothering to model it is absolutely preposterous. Who tests in prod?
As a former Landlord for several years I rented folks on government assistance, I can honestly say this topic of UBI is not a one size fits all solution. I had people on government assistance be productive and supportive with other members of the community, but others squandered thier government assistance funds on drugs and only lived to burden themselves and others.
Sioux City! Don't forget Sioux City, IA! When I moved there to live with a friend back in 2011, you could receive $300+ monthly unemployment stipend they would deposit onto a plastic card issued to you through the state that worked just like a debit card. All I had to do was phone in every week or so, press a few buttons on a teleprompter, mail in a document that verified I went to A,B,C,D employers looking for a job every month [I was applying for disability], and everyone I met there that wasn't currently working would receive a cash balance. My friend wound up losing their place to stay, and I had to relocate to a shabby rental home in Wall, SD. I took copies of the documents with me so I could re-certify through my emergency situation and the cash benefit program still worked out of state, which helped tremendously because I was flat broke and stuck in an icy blizzard there that winter. I really enjoyed their annual Greek Festival and their sporting good malls and to date it's the only state I've been to that approved a cash benefit on top of my basic single-person food stamps. Thank you, Iowa! stay blessed!
I am really glad you covered this in detail as many people are misinformed on UBI.
Great UA-camr: *struggling*
UBI & Patreon: "I'm about to save this mans whole career"
75% of the cons with UBI could be negated by a set of fair and simple rules.
No they couldn't
Joe in August, 2019: There’s no need to panic just yet.
Me in September, 2020: Hmmm, yeah, panic’s setting in.
How's December treating ya?
So...I started saying this as a joke about ten years ago...but let's replace politicians with AI.
We need to transition to a society where we simply apply the proven problem solving methodology the Scientific Method.
@@tearlelee34 In this regard Science is like religion, for most, if it matches someone's preconceived ideas then they tout it on high, otherwise tis terrible and faulty logic needs to be used to shred it.
just imagine the rulemaker would be an AI. The country with the best AI wins.... right ?
@@PaddyPatrone You are correct when Deep Mind defeated the Go champion China dedicated unlimited resources to AI in response. Other countries followed suit. The end is near for primate's. People fail to grasp how much money is being invested in AI.
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." - Thomas Sowell
We also have to consider how much unproductive jobs governments create just to maintain people occupied and dodge high unemployment.
One reason I am in favor of UBI is to get rid of the jobs are a good thing mentality.
If Canada had UBI then get rid of Canada Pension Plan and lay off all the administrators.
I would bet that most will find something useful to do in the new economy.
if you have ubi high unemployment becomes irrelevant
I wonder where you live that government funds the public service to levels that allow waste
being a politician is definitely an unproductive govt job!!!!
What about the cost of unproductive corporate jobs, and government bail-outs of unproductive business strategies? For-profit health-care costs of all a whole lot of money. It's a balance, but we are way out of balance right now we corporations have way too much privilege.
i just shared this first time ever in my life doing so great show keep it up you are amazing joe thx Kyle Z
If I am expected to work, then I expect a home and food.
Check out Joe Scott's new upcoming channel
Answers with Robo Joe!!
All videos then start with robo Joe swiveling, rather than the chair
Lmao you got me 😂
_ Basho _ I thought that was called Wikipedia, or google.
*Ro-Joe
To be fair there is a UA-cam video that shows an AI joe rogan conversation. It’s not out of the realm of possibility
#YangGang because i've already lost jobs to AI & Automation in the last 2 years, it's only going to get worse ... *Make America Think Harder*
What people sadly don't want to acknowledge is that even if Ai doesn't take your job away, the people who lost their job will. You will either have to take a pay cut or job hunting
The irony is...America has been thinking harder; hence Automation and AI. Want to really make America think harder? Support a free market economy.
Make America Think Harder - MATH. Is that intentional?
@@NimbleBard48 yep
Thank you we are all in line for the 4th Industrial Revolution great displacement. Those who believe otherwise are afraid to face reality. Those robots at Walmart never request vacation or a raise.
5:07 completely saw it coming and it still made me laugh
Would it be crazy to assume the cost of living would increase proportionally to average income so the only outcome would be expedited inflation
Yes and No. Yes a slight bump in inflation due to increased spending but no not really as the govt has been dishing out trillions of free money to banks, big business and the wealthy since the GFC and inflation has hardly noticed
If the cost of the VAT was past onto consumers at 10%, roughly speaking, and your yearly spending was about $120,000 you would break even. The UBI would equal the VAT you paid. Above this spending you loose, below this you are better off. The poorer people who spend less are proportionally better off. Not many people spend $120,000 a year.
This is exactly what I was thinking. Devaluation and inflation of the dollar's worth and buying power
Haven't you heard Andrew Yang's song?
Jim Vaughan Is this an ironic comment? 120000 dollars spent a year?
I had a UBI one time, but cranberry juice cleared that up.
highly underrated comment!
@@lucasprzybyla7084 UTI=urinary track infection
@@lucasprzybyla7084 Ulcerated Bowel Infection :D
UBI = Urinary Bladder infection?? Can't see it being worse than a UTI.
Dee Dee me too...laughed right out loud. Loved it!
one of the bonuses to Yang's UBI plan (over all of the others) is that if you opt into UBI you forefit all other forms of social welfare. If the entire current welfare system got abandoned in favor of the much less restrictive UBI, THAT ALONE could pay for UBI for everybody and run us a profit.
This is the part, as a fiscal conservative, that makes the most sense to me. Once you just give it straight up it becomes WAY less complicated, and therefore cheaper to implement. Not that I don't appreciate social workers, but they're spending a lot of time helping people do stuff that shouldn't be that hard in the first place.
That being said, $1000/person/month comes out to a lot. It comes out to more than my Social Security is going to be 30 years from now, right now. So I worry that it's going to be too expensive at that number. They picked 1000 because it's nice and round I'm sure, but it should probably be 7-800 instead.
just increase the dividend.. no problem. keep increasing it the more u save. soon anyone will be able to just live off UBI, but they wont they will be happily doing what the love best. All the small town will start growing bigger. there will be more space away from the Big smokes. Towns will pop up any wre there is an interesting thing to do or see.
@@tobifoong8025 no. It's meant to be a cushion, not a pillow, blanket and mattress. And for 1000 a month, most people COULD live comfortably in a small town, but in a city, that's shit even the homeless don't have time for. Which I think is the point.
@@aaronrobinson2121 The average welfare sponge, acording to .gov stats gets about 56K in benefits, about 5K a month. Their social workers make between 30K and 70K and because of bureaucratic compartmentalization, there's a fucking lot of them. Given the lack or work restrictions, family restrictions and general oversight work UBI requires we could dumb all of those government salaries if all of the welfare sponges switch over. According to Yang's math, that's makes his plan 1/10th the cost of the current system. With 12.8 million people on welfare right now, that means we could have 128 million go on UBI and nobody would even notice a difference in the budget. Our entire "Minority" population could go on UBI and there'd still be about 40 million slots left for white people. This is before Yang adds his proposed Value Added Tax on wall-street speculation, as is common across Europe and east Asia. He figures he can pull another 1.34 trillion out of his ass with that, adding another 112 million UBI slots. The tax revenue generated from every available UBI being used and spent would add another 1.3 million slots, but that's fairly negligible, but all of that spending trickling up means a lot of jobs on the trickle down economics. Add to that, the lack of work and family restrictions and that unless you're in a small town 1000 is only enough for rent, that means most of the people on welfare will re-enter the workforce and people going on UBI won't LEAVE the workforce. Given how most white and Asian ethnicities think any welfare at all is downright shameful, I don't think we'll fill up all the slots to begin with, never mind need taxes on the middle class to fill the remainder of the population taking it.
All of this is of course, *_ASSUMING_* that it's implemented according to Yang's plan, and the dems don't Royally Fuck It Up like they have every other welfare program since women got the vote.
I love the "Fight Club" soap bar behind you and the "wireless word processor" on the top shelf... but The 4 Hour Body? Who is that for I wonder?
I love this channel. I learn so much here.
Would be so wonderful to see Joe Scott on Joe Rogan Podcast :)
Slow clap and one Morgan Freeman tear 😢
Yes it would
Sweet fucking Jesus, please make this happen...
Sooo, I'm assuming we all watch both?
Joe Rogan is WAY overhyped.
@@mugfish0 why's that?
Imagine the horror of letting people out of the workforce if they don't want to work. Imagine _not_ being stuck taking up the slack for someone who's promised to pull their weight but then don't. Imagine if every useless person at your job was replaced by someone who wanted it to be there.
Sign me up. I'm old, and tired of the people who show up but don't then do their part at all because they'd rather be surfing or whatever.
Nice
Imagine the horror when you and the rest of those that want to work pay 100 percent of the UBI for those that dont want to work while the companies who used to provide their wages are let off scott free and only have hard working employees to shoulder the burden and improve the company's profits
@@sgenaosg :: Imagine the horror when you discover that you don't make enough money to be counted as "rich enough" for your marginal tax rate to change.
And your further horror at having your medicare and medicade taxes reduced because the incidence of people running to the ER with festering infections are instead incidences of people getting $10 worth of antibiotics.
Imagine your further still horror of reduced taxes by not having to individually fund the entire welfare system "anti cheat" machinery because nobody has to "qualify" and so nobody has to check and police those applications and nobody else has to individually analyze every case.
Imagine a systematic change will have a systematic follow-on effect that isn't just an imaginary "new" burden but a reshuffling of existing costs with a net improvement of all activities.
If you want to pretend that civil society is a zero-sum game you have to include _all_ the sums.
@@sgenaosg There's always going to be suckers in this world. It's no different than the system we have now. Relax, let them do the work and enjoy the ride.
@@sgenaosg Except that those hard workers will ALSO get UBI so no matter what they will be better off than those who choose not to work. It's really not a difficult concept to understand. EVERYONE gets it, even Bill Gates. You don't want to work? Fine, you'll have to live with $1000 a month. You want to work? Fine, you'll get $1000 a month PLUS whatever income you get from your job. It's really that simple...
11:32 Yang mentioned.
Now would be a great time to do another video on UBI
Yes please.
If I had UBI on top of a job I'd be able to get out of debt in less than a year, save money, go to school, and buy a hime in the future. Right now its not looking so good though 😔
same. it's crazy how others villinize some people for slacking just because they'll also be receiving 'free money'. while it's true that as joe said, that there are some people who would slack off if they don't have to get a job, there is a significant amount of people who would really get the most benefits out of it. atleast, those who would slack could participate to the society still by buying anything they'll want so it can and would circle back to the economy
I really appreciate how unbiased you tried to make this. The last little bit seemed a little heavy handed, but overall very well played on a political topic for a channel not geared for political content.
Lol. It's not even remotely unbiased. He intentionally used straw men and avoided the most obvious and compelling arguments against UBI.
@@chopinbloc Hmm, I didn't seem like it to me, maybe its because I dont know much about the arguments against UBI. Mind filling me in?
@@chopinbloc straw men are only bad in a deceiving fashion. He even explained why he chose to include them. Also he did include the arguments against it. If you want to add any other you can do so. This was pretty unbiased, and if you think this was biased maybe you should reevaluate your position.
@@astreinerboi No, it wasn't remotely unbiased. He intentionally avoided the most obvious and compelling arguments against UBI. And I don't think you understand what a straw man is. It's a weak, easily defeated argument.
@@shadowgod1009 The most obvious argument against us the fact that the market will adjust and prices will increase while wages decrease, leaving the majority of people with the same purchasing power as they had before.
We should search to create/ build synergy between everyone's dreams, goals and ideals. Because this is what motivates us to help one another.
if we've learned anything in the years since this video was made - its that we'd have to put a cap on how much companies could increase their prices/rent/etc before we'd ever be safe using UBI. Otherwise the price of eggs would be - well, we've seen that and all the UBI would be doing was lining corporate pockets instead of helping wider society. Cap first, fairly - but cap. THEN UBI would be a lot more helpful.
1k a month is more than I was earning while I was actually working full time.
Were you a waiter?
Gromit $1,000 / 160 hrs per month = $6.25 per hour. What the heck were you doing to earn just $6.25 per hour?
@@CarFreeSegnitz Lying.
@@chopinbloc Or, like - living in a country other then 'Murica? You people are really something...
@@CarFreeSegnitz He was probably referring to take home pay. Out of which you pay taxes and whatnot so it could have been more like 8 or 9 an hour.
This is what I was waiting for. You have the most thorough and level headed way of presenting complex ideas. Made my day.
It was level headed but not really thorough he pretty much bullet pointed statements he read off Wikipedia without much thought.
@@gabrielonibudo5710 link or source? #BurnJoe
He didn't present any of the more substantive and obvious criticisms of UBI.
@@chopinbloc like? (just curious, not challenging)
@@jmanius1 The obvious fact that prices will adjust upwards to compensate and most people will be left with the same amount of buying power they had before. It also provides an excuse for employers looking to pay less.
A better "Future World" by sharing resources and investing in humans sounds so good that I decided to share this tube on the Facebook group "Future World"!
If I had UBI, I would use it to fix my car and pay medical bills. I would love to have an extra $1000 a month to get by.
Maybe however your thinking $1000 in today's purchasing power if everybody gets $1000 a month the value of the dollar decreases. The more money in circulation the less value it has.
My biggest reservation about UBI is, if income goes up $12K a year across the board, what's to stop cost of living from going up $12K a year as well, as rents go up and groceries and other goods get more expensive to take advantage of the extra money their customers now have?
This is my fear as well. What's to stop this from speeding up inflation? Would the government have to set limits on prices for things?
That's right. This is just a ploy to grab more power for the government.
If Mr. Yang's scheme on raising money for UBI, then I say we should do it. I definitely would use the extra cash to start a business.
There are investors in every city that will lend money to start a new business. You'd have to pitch it and convince them it's a good idea, but if a savvy investor doesn't think your idea is a good one, then perhaps it's not. Google angel investors and investment clubs.
For example, it's extremely common that people will lend you money for real estate investments.
@@HarshColby Theres a big difference between having extra money and getting a loan lol
what kind of buisness, if it'snt indiscrete?
@@ollee6361 Investors know it's risky. They'll want a percentage return commensurate with the risk. If it doesn't work out, you don't need to pay the investor back. If you do make money, then you pay what's owed per the agreement. For example, I started a software company. They loaned me $1M. It didn't work out and I had $600k left of their money. I gave the $600k back and that was that. Venture capital companies and angel investors will explain the terms of the agreement. You take as much risk as you're willing, and no more.
Charles Bryan why not preach massive tax cuts and reduction in government? Use that money, the money you earned and get to keep, to start a business?
You handled this now-political discussion so perfectly, Joe! How did you do it?! Well done 👍🏽 ❤️
Wait a gosh darn minute!
Are you tellin me that if people don't see the future as totally hopeless, they try harder?!?
That, sir, is crazy talk.