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.
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.
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.
@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?
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 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.
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!!!
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.
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!
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?
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: 🤦
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.
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.
@@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?
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.
@@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.
5 років тому+5
@@nicholasbrosseau6035 They don't have torture camps or slave prisoners .
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.
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.
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.
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. ;)
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...
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.
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.
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
@@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.
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.
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.
@@__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.
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.
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!)
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.
...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.
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 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.
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
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.
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.
@@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.
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.
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.
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.
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.
@@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.
@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.
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.
@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.
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) ???
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
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.
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.
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.
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.
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.
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 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.
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.
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).
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.
@@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.
9:30 _"Let's be honest here: there is a certain segment of the population which is just absolutely not going to work if they don't have to, period. That does exist."_ Yes it does, and we need to get those people out of the workforce. There are people out there who will put their heart and soul into a job, and they shouldn't have to mix with these folks who will do the absolute minimum they can do and not get fired. The increase in productivity will more than make up for the cost of their Cheetos. More and better jobs on the way? I don't doubt it, but they'll largely be jobs that the people losing today's jobs won't be qualified to do. 17:11 The kids do better before they even get the money, *but their parents are getting money.* So it isn't just knowing that they're going to get it; it's living in a home with some financial security.
Agreed. People worry about the jobs that might not get done with a UBI in place, I'm frustrated by all the people who really aren't suitable for any job and all the jobs that shouldn't be done (telemarketers, junk food, MLMs etc.)
"... we need to get those people out of the workforce." GREAT POINT! I didn't think of that argument, but I would absolutely love it if the people who didn't give a shit about doing a good job would simply not do that job.
I agree, I am a slob who doesn't like to work and do what I can to keep my head above water and nothing more. I've spent my 20's investing in property as I hate working, I'm retiring in my 30's to enjoy my life.
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
this idea that these nonskilled or entry level jobs are "for teenagers" is incredibly priveleged. it's the working poor who will suffer most from the automation of those jobs which is why UBI is so important. the kids working part time summer jobs will be fine without them. the people working 2 or even 3 of these jobs just to get by will not.
@@rutessian that's not relevant at all to what i'm saying. my point is people like to say "oh those jobs are for teenagers" when in reality the vast majority of people working those jobs are working poor or barely above the poverty line. it's the same argument used against raising the minimum wage and it's nonsense.
@@napatora they are for teenagers. do you know the origins of minimum wage? it was meant to keep employer from hiring black people for cheap and to alleviate White unemployment. The purpose of minimum wage was meant to get african-american and white American to be paid at the same rate. If you were an African American in the 1900s, you were five times more likely to be Employed than a White Americans. But that's not the point. These part- time Jobs aren't meant to support families. Their ment for high school and college student. Rising the Minimum wage hurts these people because they won't be able to hire more people. Instead of getting paid $15 an hour, you get paid 0 dollars an hour, because most of these people you're trying to 'help' end up getting fired, or forced to work less hours.
One would really have to be stupid to think minimum wage and UBI improved people's wealth positions and then wait around for the government to implement the notions. Get together with a dozen or more like-minded economic interventionists (the Internet should allow one to do this in ten seconds), and implement it yourselves. Each agree to be employed by another 40 hours a week paid this minimum wage. Those of the group not wanting to work will be funded by a tax placed on the whole of the group (UBI). For the sake of simplicity, let's say everyone is a go-getter and willing to work. Now, every two weeks double the minimum wage y'all pay each other. Hell, in under a year y'all be Warren Buffet rich! If scarcity has some magic short circuit, there would be no want or need. Sad to say, such a notion is as impossible as a perpetual motion machine.
It's 2019. The last thing that anyone should ever be worried about is having the basics such as shelter, food, water, and access to societal required technologies like telephones, computers, and the internet. I am all for UBI. Also, I have no problems with people "abusing" it. What I mean is, what kind of a world do we live in where the measure of a person is how much "work" they perform? What about artists, thinkers, writers, and inventors? There is a lot of talent and good ideas being wasted or undeveloped because just about everyone has to "work for a living". How have we still not learned the most basic lessons from the agricultural and industrial revolutions; that is, how freeing as many humans as possible from basic labor has allowed new ideas and technologies to flourish that end up helping everyone? And ultimately, if someone wants to just sit around and watch television all day long on their UBI - who cares? I believe that UBI would be far more of a benefit to everyone.
The thing I think about is whether it will be worse than now. I mean, lots of people already game the system, and the more weird rules you add the easier you make it to game the system. This redirects the energy used to game the system for a subsistence paycheck into potentially something useful. I mean, let's be real here: this is $1000/m. I ain't quitting my 6 figure salary for this, though I might be able to do some interesting study on robotics and maybe start a small business with it.
@@morosis82 Plus there is absolutely nothing preventing people from donating their extra money from UBI to a charity or to help others. I also don't need the UBI but it would be great to save that money in case I lose my job. With the amount of money that corporations do not pay in taxes and the obnoxiously excessive pay that many CEOs and executives make a UBI would be a good way to force some of that money to get to people that truly need it.
@@Feedmaster420 My only guess on what "abusing" it would mean - and this is a stretch - is if someone spent their monthly UBI allotment on drugs or gambling instead of using the money for housing or food but anyone doing that has problems much bigger than "abusing" their UBI but whatever someone decides to spend their UBI money on is ultimately their business anyway. I think it would add way too much cost to try and provide oversight to such a program (except for the obvious minimal requirements such as making sure that crooks aren't receiving UBI that should be going to someone else, or collecting UBI money from someone who is deceased, etc.). I guess I really don't understand how this could be "abused" since everybody would be receiving it. I do know that the implementation would certainly become highly politicized and controversial as there are still a lot of questions left unanswered regarding who should be receiving the payments, if a universal government ID would be required to receive the payments, how to get the payments to certain individuals, etc. but nothing that is insurmountable - maybe just piggback on the already existing social security infrastructure?
@@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?
@@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.
@@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
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.
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...
@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
I have been a strident Libertarian my whole life. Socialism was death. But, a bad statistic has come out--US life expectancy has been dropping. A major study showed it was due to "diseases of despair" --suicide, drug overdose, alcoholism. So, whatever I may think about the economic efficiency of UBI, it is the improvement of people's lives that count, not wealth. I have become an advocate of both UBI and Yang.
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.
@@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.
@@xShadow_God 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.
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
The UBI concept reminds me of an idea I've had for nearly a decade. The idea that the automation & exportation of manufacturing specifically erodes the foundation of the middle class as we know it. This combined with overpopulation undermining the perceived value an individual has for their place in the workforce and society as a whole. Existentially bleak as that may sound the rise in those suffering from depression and similar psychological maladies supports this. The UBI could give creative & inventive people the opportunity to explore those avenues more easily. Leading to more innovations from garage based inventors. Bringing manufacturing back within our respective borders no matter what your trade or nationality would also boost the middle class locally and ease financial burden but I digress. Bottom line this UBI idea while having some socialist undertones may also be what is needed for the welfare of our nation & the re-emergence of the middle class from near extinction.
actually it's universal minimum income. I invented vapes and I named it the UBIE. Anything Uber or UBI is all propaganda. The government gets about $3 billion a year. pirates convert my assets to cash and Omie, but the government collects 35%.. so the opposite of UMI is just paying me because I've already done the work. No other person invented tube shaped vaporizers. I cured cancer! 30% of cancers from smoking. Vape store 90% less toxic. That's 27% of all cancer. And wouldn't you know, cancer is down 27.5% since 2000. See my quote at the top of this page about free money , It would basically destroy society. Yet we have to have a way that people can apply themselves productively. Everybody's different everybody likes different things. They need to be able to explore and rise to their own level. Everything I did was just stolen. theubie.com
I agree, I've been coasting alone on my dead fathers money sinse i was 18 and i have no value in money and honestly, i am unfulfilled because i never had a job and not having a purpose sucks! This basic income will help in a lot off ways, but it will destroy us in other ways! Working a job no matter what it is gives us a purpose and that gives us confidence and then that brings self esteem! I litter have none of those! A utopian society we all crave os mindless and boring and it brings nothing but unfulfilled mental descruction! Humans are made for working towards a goal and adventuring and challenges and without jobs or society problems, this would be hard to have. I think a half tilt society makes humans strong and fullfilled! But this UBI is good for people who cant work! I once knew a homeless war vet and he had no legs! He did drugs to ease his pain because he lived in a box! I hope this UBI becomes a reality, millions of war vets like him are on the streets right now!
Our present society is built on the reality that without the black death, bubonic plague, world wars, and the depopulation of the Americas by disease, and the end of slavery well... to put it simply our world is built on the unhappy fact there is a scarcity of labor due to the relatively recent (last millenia) large echo gap in population from several major wars and pandemics, as well as a degree of social change away from slavery. All this combined is what allowed a middle class to form. And automation erodes that because it erodes the labor disparity created by those relatively recent major human population die offs.
@@shieldmaidenarreh4265 If you can't find a purpose in life a job isn't going to magically give you one. Jobs are things to do, not purpose in a box. Find a hobby, volunteer to help the less needy or the environment or teach children or whatever.
Joe. I really appreciate the way you can assess topics from a non biased opinion. I was 100% against a UBI prior to this video. You brought a very enlightened perspective to both sides of the topic. I love the work you do! It was very intellectual, and was very informative. Keep up the good work sir! Also, you blew my mind when you said a new concept of democracy that supersedes capitalism. Of which, I am a huge supporter of capitalism.
You can't be serious. This was the most blatantly biased piece of propaganda I've seen in years. He intentionally avoided the most obvious and compelling arguments against UBI.
@@gfdia35 Lol. Okie dokie. Any discussion of UBI has to address inflation. He didn't mention. Not even in passing. Unless I'm mistaken, I don't believe he uttered the word at all.
@@chopinbloc There would be little to no inflation involved, since the Dividend would come from money already in existence, not from freshly printed cash. Demand-related inflation wouldn't happen, unless everyone in the country suddenly wanted a Tesla, for example; then the price of Teslas would go up. Typically, what drives inflation these days is disproportionate rise in the price of housing, health care and education. The Dividend would help us cover those increases, and I cannot see how it could be related to increasing them further.
@@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.
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
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.
@@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.
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?
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.
What about tackling inflation? Inflation rises quicker than wages. If the cost of living were a lower percentage of my income, I would be way less stressed about finances.
Agreed inflation would be all fine and good IF the wages rose with it. Inflation is a good thing because it promotes spending and stimulates the economy, disincentivizing people from hoarding their money in a mattress a la Mr. Krabs. But the problem lies in the fact that wages aren't growing at the same rate companies are making profit on average.
Inflation is a problem regardless of an UBI. You tackle inflation the same way you do it without an UBI. The UBI might incentivize corporations to act more socially responsible if you implement some economic benefits, that way you’re not pitting the corporations against the government as is the case now.
@Mr. X might it be the case that these people just do not want others to get free money?! "I am working hard, why should this lazy guy get a thousand bucks?" Edit: I am full pro Ubi
@@LoneStarr1979 I can obviously only speak for myself, but if the only issue was free money, I'd be all for it. The problem is not free money, but magic money. As in, money doesn't work the way UBI is proposed. Essentially, it would be moving money in circles, and few seem to see it.
@@tibfulv isn't money generally moved in circles ? To me, something like UBI would be the closest you can get to get rid of the dictatorship of the money without actually getting rid of money (which will not happen...) But, for exactly that reason, it is veeeery unlikely that something like UBI could be established....
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.
If the motivation for UBI is that jobs are being automated away, then the argument that it will make some people not want to work is pointless. Also #Yang2020
Fuck Yang. The dude wants his Freedom Dividend but opposes the minimum wage. This is just a libertarian trojan horse so that rich business owners don’t have to pay their employees. Plus it’s not really ubi because you can opt out of his plan.
They don't have to pay them, their won't be low end jobs in a certain amount of time and you won't have to work those jobs due to having Ubi, it's the citizens choice. This makes the job market more of a free market because it applies to everyone, unless they opt out, but that is still their choice
Another reason is if the job is not for you or you don't want to bust your as, then you will find a job that suits you and have the freedom to do so. This will increase efficiency in the economy overall. Another benefit of having greater freedom in the job market
@@tseeker438 Let me rephrase. The psychological response of some people not wanting to work is irrelevant, because we won't need them to work, because the whole reason we're considering UBI is because there aren't going to be enough jobs for every joe schmoe without higher education or smarter-than-average IQ.
I'm considered conservative with some libertarian views. I'm ok with UBI , depending on implementation. I feel it will cost less in the long run and do more than our current system.
All in all. The money has to come from somewhere it's not gonna come from nowhere. Which means taxes essentially. Rich people pay bigger taxes to pay for the UBI whilst the people who aren't working just get UBI. So for people on min wage jobs it's amazing! For people who earned their keep it feels like their being cheated. No one likes extra taxes! For the sake of humanity as a whole it's an amazing thing, however for the people who are going to be supporting this, the people with all the money it's the worst thing.
UBI does have its share of right-wing arguments for it. That being said, we do need more experiments, since we don't really know at all what would happen if we did it.
@@lukewebb604 it depends on what you mean by earn their keep. Very few people on high 6 figure incomes have achieved that without exploiting people in low 5 figure incomes in some fashion. Have they really earned it, or just exploited a broken system? Also, the question remains of where that money goes. If it truly lessens investment then it's a tough sell for me, but I'd have a hard time believing that, mostly it will lessen the balance of Cayman accounts. People put money into those after they've invested more actively to build and they have more than they know what to do with.
@@lukewebb604 In this post-UBI world, people who still have a job will be grateful not just that they do have one, but also that the ones that don't have one and are too old to learn a new trade (one that humans are still able to do competitively, that is) are busy playing guitar, skateboarding, drinking beer with their friends, or playing videogames while filming themselves for UA-cam - whatever, really, instead of rioting or robbing or increasing the already big amount of homeless dudes. Yeah it'll suck having to pay more taxes, but watching society collapse from so much angry people who're hungry and can't get a job would be much, much worse. I'm sure some countries will try the "no job no benefits" route and will collapse afterwards, which will prompt the rest of countries to adopt UBI ASAP.
yep, but just a reminder, that VAT is something to make people easier stomach extra taxes. In Hungary the VAT was 15% on most items, then the goverment run on lowering income tax from 30% to 16 and won quite a few votes with it. Of course to offset the loss of revenue they increased the VAT from 15 to 27%. So at the end it remained almost the same (the difference of 2% is not a problem, because EVERYONE has to pay the VAT while only above a certail income you had to pay the income tax), a lot better for companies, a little better for the middle class, and worse for those already in poverty. From the video that senator could try to run on raising the income tax by 10% (instead of the VAT), but would loose support because of it.
@@susannemuris2088 We have 4 rates in Ireland! Standard 23%, lower rate of 13% for a random assortment of things like fuel, veterinarians, cinemas and theatres. 9% special rate for newspapers and some sporting activities. And a 4.8% rate for agriculture.
21% in Spain and let me tell you, we have a thing called “universal healthcare” which means you do not pay for any treatment whatsoever, an idea that in the USA is unthinkable, and it works (with some problems related to privatization) so I think UBI is a thing to consider even if it sounds impossible.
It dose not encourage people not to work, no one can live off of 12k a year it just adds a nice buffer zone and allows people to pursue jobs/careers they actually want to do.
"It does not encourage people not to work..." At the very least, it will discourage mother's from working the waitress job to add some additional household income to her husband's. My own father worked a second job to make ends meet during the holidays and an odd Saturday all year. UBI will let people work less at the cost of decreasing incentives work across the board. Disincentives in that everyone has extra income, and the middle class and rich are being taxed at higher rates to pay for this harebrained scheme. If this foolishness could be paid for without taxing anyone harder, it could be a good thing...taking pressure off young families. But, it could cause a labor shortage.
Living on less than $12,000 is easy if you own your home. The 3 big expenses are heat, food, car insurance. An extra person or two at a house would only increase the cost of food which might be reduced by sharing household duties. $1000 per month per person would incentivize people to have children. Two parents + 4 children = $6,000 / mo = $72,000 year.
Yeah, $1000 per month barely covers rent or mortgage payments in most cities and towns. Thus if predictions are correct and robots take all the jobs, almost everyone will have to go on food stamps, medicaid, etc. That would bankrupt the country.
I live off of less currently. That said, the program I'm on now (SSI) heavily penalizes you for having a 'real' income and it's more cost effective to stay at home. I make more money by not making money.
@@winomaster Ugh, first you effectively say 'it could let people work a reasonable amount and be with their families' and then you call it 'foolishness'. If *that* is foolishness, then I will happily be that fool. Assuming that a labor shortage is actually a real thing in a post automation world (it isn't, obviously, but let's pretend) then that means companies will be incentivized to offer better pay and conditions for their workers in order to retain them. Every pro has its con, and whining that a billionaire will have to actually pay taxes for once (most don't thanks to the charity loophole) isn't a very compelling argument. Frankly, if 1% of the population makes less so the remaining 99% can make more, I fail to see how that is a bad thing.
9:31 You say that there’s a certain percentage of the population that will never work if they don’t have to, and then you show a picture of a lazy bum watching tv eating Cheetos. Why didn’t you show someone reading a book? Or painting a picture? Or working out? Just because they don’t want to waste their life on work doesn’t mean they’re all lazy bums. And the ones that are lazy bums could be that way because they’re miserable from spending all day everyday doing work that they hate.
most underliked comment here! Seriously, the thing is, if people have the choice not to work, they will likely do other useful things, volunteer to still play a part in their community, create art, support a sick family member with housework. If a person doesn't work, it doesn't mean they stop playing a part in society. Women have only started working in recent decades, were they doing nothing before? Not at all!
Late to the party, but I would think that he chose that picture specifically because that's the image that a naysayer would have in mind. The point was to address that argument specifically for people who would raise that argument: people with preconceived notions of what 'that sort of person' would do if they didn't have to work. And it is very true that there are people who would take the opportunity of not having to work to do exactly that: lay on a sofa with a bag of Cheetos. (Though, there's something to be said for the notion that most people would get bored after a time of inactivity and would eventually want to do something else. From a personal perspective, I know when I have a string of days off, the first day is almost always a day of laziness and the second is almost always productive.) That there are plenty of us who would devote those extra hours of overtime that have steadily become more commonplace into creative, artistic, or altruistic pursuits doesn't mean anything. Those people who understand that not all of humanity are lazy bums don't need convincing. It's the people who intrinsically believe that those people who don't have to work would inevitably act in just that manner who the preemptive argument was targeting. Personally, I tend to agree: People gravitate toward activities like sitting around lazily eating Cheetos when they're overworked and unhappy because those are quick, easy sources of endorphins. If your life is more fulfilling and less overworked, harassed, and tired, it stands to reason that you might have more energy to work out, read a book, paint a picture, and spend more time with your loved ones. Most people are just...tired.
@@allister.trudel Woman have always worked, and damned hard too. They've just never been paid for they labor until the last couple of centuries, and even now still aren't paid as much as a man. Very much in favor of a UBI. A rising tide lifts all boats.
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'm pretty sure HR's purpose is to keep qualified candidates from ever getting to meet the people who want to employ them - usually because they don't know how to talk to job applicants that aren't sleeve chewing morons.
@@Czeckie right now the Internet (which is totally sentient BTW) doesn't have what it takes to live without us. Until then it needs us drones to keep it running and even build spaceships for it.
I do like the idea that money becomes less important. It seems to blind people for measuring their phisical health, mental health, happieness and general wellbeing.
The Chopping Block a lot of college kids do work now through school at least a lot of my peers. I myself work 30 hours a week and go to college. It’s a lot to do and definitely impacts your grades and the number of classes you can take. Something like this would definitely aid students who work full time or close to it. I’d say the only rule should be you can’t be going to school for a liberal arts major.
The Chopping Block of your money? I don’t think your salary and taxes are anywhere close to this. It’s like people telling cops that they pay their salary. On that same note how much of your money is being spent on the military fighting wars overseas that really we just shouldn’t be involved in. How much of your money is spent on our current education system, police force, firefighters ect. Hell how much of your money is paying the salaries of Congress? I think your attacking statement doesn’t hold any value if you look at how little your current contribution is in comparison to the big picture.
I would like to point out this... 1- I am a high school drop out 2- I have worked full time in construction since I am 15 3-I am 51 years old 4- I have never been on welfare or have taken food stamps 5- I have a house and I own my third brand new Harley-Davidson and my second brand new car 6- 40% of my pay goes into taxes 7- I save for my retirement and my wife is a bookkeeper so we are smart with our income In my so humble opinion trade schools should be started and apprenticeships should be started as well. Welfare is not the answer personal responsibility and teaching self responsibility is important
I'd love to see you accomplish this as a 15yr old in 2019. The times are very different, everything is a lot more expensive, and your money doesn't go as far as it used to. And I say all this as someone who went through both a trade school and later an apprenticeship about 3 yrs ago
As someone whose mental illnesses make it so that I have zero energy after work and on at least one of my off days because going to a job wipes all of the energy I have, this would be a godsend. If I had a UBI, I could survive off of a part time job and have time to get involved with my loved ones and community as a whole and I would love to do that. This could be such a blessing to people with mental illnesses and chronic illnesses. (And no, current disability benefits don't count. The income/asset cap on those is almost cruel.)
yep, my platform is that we're not doing enough to prepare for our robot overlords. Speaking of , Joe should do a video on our eventual robot overlords if he hasn't already.
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!)
@@Huzzahgamers_inc Your 4th grade math is correct. Just off on all the factors involved. Check out his long form, or yang2020.com For a more informative equation
I really don't think Andrew Yang will win. Him being Asian already puts him at a disadvantage. Many will view him as a diversity vote. It should be entirely irrelevant, but there's always the anti-SJW crowd that opposes anything that's not a white male. Then there's the fact that he supports things like UBI. While UBI has its share of right-wing arguments, it will by and large be viewed as a left-wing type thing. In the end, only a fringe group of the ultra left will vote for him. He might not even be that super left himself, but given the way politics work in the US, that's what will happen.
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.
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?
I like the idea. Problem is it wont work in a market that isn't regulated. Once you raise taxes, businesses raise their prices, which wipes out any type of wage increase, or if we implement UBI. We need to control our markets and these billionaires first, then we can implement this.
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.
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?
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.
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”
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?
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😂
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
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?
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 .
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.
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!
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.
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. ;)
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...
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.
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.
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.
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.
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.
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.
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 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.
#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.
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.
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
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.
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
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.
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.
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
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.
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.
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..!
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.
“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
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.
This might be my favourite channel on UA-cam and now I've got 40+ episodes of
Our Ludicrous Future to watch.
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.
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.
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.
I am really glad you covered this in detail as many people are misinformed on UBI.
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.
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
Great UA-camr: *struggling*
UBI & Patreon: "I'm about to save this mans whole career"
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?
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 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!
9:30
_"Let's be honest here: there is a certain segment of the population which is just absolutely not going to work if they don't have to, period. That does exist."_
Yes it does, and we need to get those people out of the workforce. There are people out there who will put their heart and soul into a job, and they shouldn't have to mix with these folks who will do the absolute minimum they can do and not get fired. The increase in productivity will more than make up for the cost of their Cheetos.
More and better jobs on the way? I don't doubt it, but they'll largely be jobs that the people losing today's jobs won't be qualified to do.
17:11
The kids do better before they even get the money, *but their parents are getting money.* So it isn't just knowing that they're going to get it; it's living in a home with some financial security.
Agreed. People worry about the jobs that might not get done with a UBI in place, I'm frustrated by all the people who really aren't suitable for any job and all the jobs that shouldn't be done (telemarketers, junk food, MLMs etc.)
Great points!
I’m sure the government will implement something to stop it
"... we need to get those people out of the workforce." GREAT POINT! I didn't think of that argument, but I would absolutely love it if the people who didn't give a shit about doing a good job would simply not do that job.
I agree, I am a slob who doesn't like to work and do what I can to keep my head above water and nothing more. I've spent my 20's investing in property as I hate working, I'm retiring in my 30's to enjoy my life.
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.
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
this idea that these nonskilled or entry level jobs are "for teenagers" is incredibly priveleged. it's the working poor who will suffer most from the automation of those jobs which is why UBI is so important. the kids working part time summer jobs will be fine without them. the people working 2 or even 3 of these jobs just to get by will not.
kids don't need to learn work ethics or responsibility.
@@rutessian that's not relevant at all to what i'm saying. my point is people like to say "oh those jobs are for teenagers" when in reality the vast majority of people working those jobs are working poor or barely above the poverty line. it's the same argument used against raising the minimum wage and it's nonsense.
Also, a lot of formerly well paying jobs have been "Walmarted" as butchers, bakers, etc., have been turned into minimum-wage/part-time ones.
@@napatora they are for teenagers.
do you know the origins of minimum wage?
it was meant to keep employer from hiring black people for cheap and to alleviate White unemployment. The purpose of minimum wage was meant to get african-american and white American to be paid at the same rate. If you were an African American in the 1900s, you were five times more likely to be Employed than a White Americans.
But that's not the point. These part- time Jobs aren't meant to support families. Their ment for high school and college student. Rising the Minimum wage hurts these people because they won't be able to hire more people.
Instead of getting paid $15 an hour, you get paid 0 dollars an hour, because most of these people you're trying to 'help' end up getting fired, or forced to work less hours.
One would really have to be stupid to think minimum wage and UBI improved people's wealth positions and then wait around for the government to implement the notions.
Get together with a dozen or more like-minded economic interventionists (the Internet should allow one to do this in ten seconds), and implement it yourselves. Each agree to be employed by another 40 hours a week paid this minimum wage. Those of the group not wanting to work will be funded by a tax placed on the whole of the group (UBI).
For the sake of simplicity, let's say everyone is a go-getter and willing to work. Now, every two weeks double the minimum wage y'all pay each other.
Hell, in under a year y'all be Warren Buffet rich!
If scarcity has some magic short circuit, there would be no want or need. Sad to say, such a notion is as impossible as a perpetual motion machine.
It's 2019. The last thing that anyone should ever be worried about is having the basics such as shelter, food, water, and access to societal required technologies like telephones, computers, and the internet. I am all for UBI. Also, I have no problems with people "abusing" it. What I mean is, what kind of a world do we live in where the measure of a person is how much "work" they perform? What about artists, thinkers, writers, and inventors? There is a lot of talent and good ideas being wasted or undeveloped because just about everyone has to "work for a living". How have we still not learned the most basic lessons from the agricultural and industrial revolutions; that is, how freeing as many humans as possible from basic labor has allowed new ideas and technologies to flourish that end up helping everyone? And ultimately, if someone wants to just sit around and watch television all day long on their UBI - who cares? I believe that UBI would be far more of a benefit to everyone.
The thing I think about is whether it will be worse than now. I mean, lots of people already game the system, and the more weird rules you add the easier you make it to game the system. This redirects the energy used to game the system for a subsistence paycheck into potentially something useful.
I mean, let's be real here: this is $1000/m. I ain't quitting my 6 figure salary for this, though I might be able to do some interesting study on robotics and maybe start a small business with it.
@@morosis82 Plus there is absolutely nothing preventing people from donating their extra money from UBI to a charity or to help others. I also don't need the UBI but it would be great to save that money in case I lose my job. With the amount of money that corporations do not pay in taxes and the obnoxiously excessive pay that many CEOs and executives make a UBI would be a good way to force some of that money to get to people that truly need it.
How can you abuse it if everybody gets the same amount of money?
@@Feedmaster420 My only guess on what "abusing" it would mean - and this is a stretch - is if someone spent their monthly UBI allotment on drugs or gambling instead of using the money for housing or food but anyone doing that has problems much bigger than "abusing" their UBI but whatever someone decides to spend their UBI money on is ultimately their business anyway. I think it would add way too much cost to try and provide oversight to such a program (except for the obvious minimal requirements such as making sure that crooks aren't receiving UBI that should be going to someone else, or collecting UBI money from someone who is deceased, etc.). I guess I really don't understand how this could be "abused" since everybody would be receiving it.
I do know that the implementation would certainly become highly politicized and controversial as there are still a lot of questions left unanswered regarding who should be receiving the payments, if a universal government ID would be required to receive the payments, how to get the payments to certain individuals, etc. but nothing that is insurmountable - maybe just piggback on the already existing social security infrastructure?
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?
"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.
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?
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
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...
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.
I have been a strident Libertarian my whole life. Socialism was death. But, a bad statistic has come out--US life expectancy has been dropping. A major study showed it was due to "diseases of despair" --suicide, drug overdose, alcoholism. So, whatever I may think about the economic efficiency of UBI, it is the improvement of people's lives that count, not wealth. I have become an advocate of both UBI and Yang.
Wow, a recovering Libertarian, good job.
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.
@@xShadow_God 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.
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
"In just 4 years, were behaviorally no different from kids who had never been poor" sounds like a line out of the onion
The UBI concept reminds me of an idea I've had for nearly a decade. The idea that the automation & exportation of manufacturing specifically erodes the foundation of the middle class as we know it. This combined with overpopulation undermining the perceived value an individual has for their place in the workforce and society as a whole. Existentially bleak as that may sound the rise in those suffering from depression and similar psychological maladies supports this. The UBI could give creative & inventive people the opportunity to explore those avenues more easily. Leading to more innovations from garage based inventors. Bringing manufacturing back within our respective borders no matter what your trade or nationality would also boost the middle class locally and ease financial burden but I digress. Bottom line this UBI idea while having some socialist undertones may also be what is needed for the welfare of our nation & the re-emergence of the middle class from near extinction.
actually it's universal minimum income. I invented vapes and I named it the UBIE. Anything Uber or UBI is all propaganda. The government gets about $3 billion a year. pirates convert my assets to cash and Omie, but the government collects 35%.. so the opposite of UMI is just paying me because I've already done the work. No other person invented tube shaped vaporizers. I cured cancer! 30% of cancers from smoking. Vape store 90% less toxic. That's 27% of all cancer. And wouldn't you know, cancer is down 27.5% since 2000. See my quote at the top of this page about free money , It would basically destroy society. Yet we have to have a way that people can apply themselves productively. Everybody's different everybody likes different things. They need to be able to explore and rise to their own level. Everything I did was just stolen.
theubie.com
I agree, I've been coasting alone on my dead fathers money sinse i was 18 and i have no value in money and honestly, i am unfulfilled because i never had a job and not having a purpose sucks!
This basic income will help in a lot off ways, but it will destroy us in other ways!
Working a job no matter what it is gives us a purpose and that gives us confidence and then that brings self esteem!
I litter have none of those!
A utopian society we all crave os mindless and boring and it brings nothing but unfulfilled mental descruction!
Humans are made for working towards a goal and adventuring and challenges and without jobs or society problems, this would be hard to have.
I think a half tilt society makes humans strong and fullfilled!
But this UBI is good for people who cant work!
I once knew a homeless war vet and he had no legs!
He did drugs to ease his pain because he lived in a box!
I hope this UBI becomes a reality, millions of war vets like him are on the streets right now!
Our present society is built on the reality that without the black death, bubonic plague, world wars, and the depopulation of the Americas by disease, and the end of slavery well... to put it simply our world is built on the unhappy fact there is a scarcity of labor due to the relatively recent (last millenia) large echo gap in population from several major wars and pandemics, as well as a degree of social change away from slavery.
All this combined is what allowed a middle class to form. And automation erodes that because it erodes the labor disparity created by those relatively recent major human population die offs.
@@shieldmaidenarreh4265 If you can't find a purpose in life a job isn't going to magically give you one. Jobs are things to do, not purpose in a box. Find a hobby, volunteer to help the less needy or the environment or teach children or whatever.
i take it your middle class? hmmm, there should be no classes, shame on you!
Joe. I really appreciate the way you can assess topics from a non biased opinion. I was 100% against a UBI prior to this video. You brought a very enlightened perspective to both sides of the topic. I love the work you do! It was very intellectual, and was very informative. Keep up the good work sir! Also, you blew my mind when you said a new concept of democracy that supersedes capitalism. Of which, I am a huge supporter of capitalism.
You can't be serious. This was the most blatantly biased piece of propaganda I've seen in years. He intentionally avoided the most obvious and compelling arguments against UBI.
The Chopping Block which is ? Please enlighten us all !
@@gfdia35 Lol. Okie dokie. Any discussion of UBI has to address inflation. He didn't mention. Not even in passing. Unless I'm mistaken, I don't believe he uttered the word at all.
@@chopinbloc because the freedom dividend doesn't cause inflation
@@chopinbloc There would be little to no inflation involved, since the Dividend would come from money already in existence, not from freshly printed cash. Demand-related inflation wouldn't happen, unless everyone in the country suddenly wanted a Tesla, for example; then the price of Teslas would go up. Typically, what drives inflation these days is disproportionate rise in the price of housing, health care and education. The Dividend would help us cover those increases, and I cannot see how it could be related to increasing them further.
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.
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.
Thank you, Joe, for putting this discussion forward to your followers.
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?
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?
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.
What about tackling inflation? Inflation rises quicker than wages.
If the cost of living were a lower percentage of my income, I would be way less stressed about finances.
Agreed inflation would be all fine and good IF the wages rose with it.
Inflation is a good thing because it promotes spending and stimulates the economy, disincentivizing people from hoarding their money in a mattress a la Mr. Krabs.
But the problem lies in the fact that wages aren't growing at the same rate companies are making profit on average.
With the job automation stuff will get cheaper. Less labor less wages lesser costs.
COLA Cost of living allowance
@@pawelzybulskij3367 no doubt, it's the transition that will be an issue, UBI may make for a less turbulent transition.
Inflation is a problem regardless of an UBI.
You tackle inflation the same way you do it without an UBI.
The UBI might incentivize corporations to act more socially responsible if you implement some economic benefits, that way you’re not pitting the corporations against the government as is the case now.
Very happy with how this video framed the whole idea. #YangGang!
Gangang on your yanggang
M H humanity first
Elon is Yang Gang now too! Everyone give him a big welcome
Star trek 2020
As a European, I did not really check out Yang in detail before, but his proposals sound absolutely awesome!
hpoeter For sure, I mean who doesn’t want free money!!! Booya
@@chris2884 Its not the money its the freedom.
@Mr. X might it be the case that these people just do not want others to get free money?!
"I am working hard, why should this lazy guy get a thousand bucks?"
Edit: I am full pro Ubi
@@LoneStarr1979
I can obviously only speak for myself, but if the only issue was free money, I'd be all for it. The problem is not free money, but magic money. As in, money doesn't work the way UBI is proposed. Essentially, it would be moving money in circles, and few seem to see it.
@@tibfulv isn't money generally moved in circles ?
To me, something like UBI would be the closest you can get to get rid of the dictatorship of the money without actually getting rid of money (which will not happen...)
But, for exactly that reason, it is veeeery unlikely that something like UBI could be established....
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.
If the motivation for UBI is that jobs are being automated away, then the argument that it will make some people not want to work is pointless.
Also #Yang2020
Fuck Yang.
The dude wants his Freedom Dividend but opposes the minimum wage. This is just a libertarian trojan horse so that rich business owners don’t have to pay their employees.
Plus it’s not really ubi because you can opt out of his plan.
They don't have to pay them, their won't be low end jobs in a certain amount of time and you won't have to work those jobs due to having Ubi, it's the citizens choice. This makes the job market more of a free market because it applies to everyone, unless they opt out, but that is still their choice
Another reason is if the job is not for you or you don't want to bust your as, then you will find a job that suits you and have the freedom to do so. This will increase efficiency in the economy overall. Another benefit of having greater freedom in the job market
Not true. The motivating factor doesn't negate the psychological response of human beings.
@@tseeker438 Let me rephrase. The psychological response of some people not wanting to work is irrelevant, because we won't need them to work, because the whole reason we're considering UBI is because there aren't going to be enough jobs for every joe schmoe without higher education or smarter-than-average IQ.
Excellent video, except I wouldn't define Yang as a single issue candidate.
Well clearly you haven’t gone to his website he’s got over 80 issues on his platform but his biggest is ubi,
"I can honestly say i'm not on any particular gang" - Joe Scott
This is a lie he is in the Joe gang
Of course not. He's in the Smart UA-camr Mafia, remember?
@@jadavis84 there is no smart youtuber Mafia.....capisci?
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
I'm considered conservative with some libertarian views.
I'm ok with UBI , depending on implementation. I feel it will cost less in the long run and do more than our current system.
All in all. The money has to come from somewhere it's not gonna come from nowhere. Which means taxes essentially. Rich people pay bigger taxes to pay for the UBI whilst the people who aren't working just get UBI.
So for people on min wage jobs it's amazing! For people who earned their keep it feels like their being cheated. No one likes extra taxes!
For the sake of humanity as a whole it's an amazing thing, however for the people who are going to be supporting this, the people with all the money it's the worst thing.
UBI does have its share of right-wing arguments for it. That being said, we do need more experiments, since we don't really know at all what would happen if we did it.
Well said mate
@@lukewebb604 it depends on what you mean by earn their keep. Very few people on high 6 figure incomes have achieved that without exploiting people in low 5 figure incomes in some fashion. Have they really earned it, or just exploited a broken system?
Also, the question remains of where that money goes. If it truly lessens investment then it's a tough sell for me, but I'd have a hard time believing that, mostly it will lessen the balance of Cayman accounts. People put money into those after they've invested more actively to build and they have more than they know what to do with.
@@lukewebb604 In this post-UBI world, people who still have a job will be grateful not just that they do have one, but also that the ones that don't have one and are too old to learn a new trade (one that humans are still able to do competitively, that is) are busy playing guitar, skateboarding, drinking beer with their friends, or playing videogames while filming themselves for UA-cam - whatever, really, instead of rioting or robbing or increasing the already big amount of homeless dudes. Yeah it'll suck having to pay more taxes, but watching society collapse from so much angry people who're hungry and can't get a job would be much, much worse. I'm sure some countries will try the "no job no benefits" route and will collapse afterwards, which will prompt the rest of countries to adopt UBI ASAP.
VAT in Europe differs, from 17% in Luxembourg to 27% in Hungary.
Germany even has two rates: the normal rate of 19% and the reduced rate for essential items of 7%.
Also depends on items in many countrys like no VAT on basic items like food. Low % on normal everyday items and high on more luxurious items
yep, but just a reminder, that VAT is something to make people easier stomach extra taxes.
In Hungary the VAT was 15% on most items, then the goverment run on lowering income tax from 30% to 16 and won quite a few votes with it. Of course to offset the loss of revenue they increased the VAT from 15 to 27%. So at the end it remained almost the same (the difference of 2% is not a problem, because EVERYONE has to pay the VAT while only above a certail income you had to pay the income tax), a lot better for companies, a little better for the middle class, and worse for those already in poverty.
From the video that senator could try to run on raising the income tax by 10% (instead of the VAT), but would loose support because of it.
@@susannemuris2088 We have 4 rates in Ireland! Standard 23%, lower rate of 13% for a random assortment of things like fuel, veterinarians, cinemas and theatres. 9% special rate for newspapers and some sporting activities. And a 4.8% rate for agriculture.
21% in Spain and let me tell you, we have a thing called “universal healthcare” which means you do not pay for any treatment whatsoever, an idea that in the USA is unthinkable, and it works (with some problems related to privatization) so I think UBI is a thing to consider even if it sounds impossible.
It dose not encourage people not to work, no one can live off of 12k a year it just adds a nice buffer zone and allows people to pursue jobs/careers they actually want to do.
"It does not encourage people not to work..."
At the very least, it will discourage mother's from working the waitress job to add some additional household income to her husband's. My own father worked a second job to make ends meet during the holidays and an odd Saturday all year. UBI will let people work less at the cost of decreasing incentives work across the board. Disincentives in that everyone has extra income, and the middle class and rich are being taxed at higher rates to pay for this harebrained scheme.
If this foolishness could be paid for without taxing anyone harder, it could be a good thing...taking pressure off young families. But, it could cause a labor shortage.
Living on less than $12,000 is easy if you own your home. The 3 big expenses are heat, food, car insurance.
An extra person or two at a house would only increase the cost of food which might be reduced by sharing household duties.
$1000 per month per person would incentivize people to have children. Two parents + 4 children = $6,000 / mo = $72,000 year.
Yeah, $1000 per month barely covers rent or mortgage payments in most cities and towns. Thus if predictions are correct and robots take all the jobs, almost everyone will have to go on food stamps, medicaid, etc. That would bankrupt the country.
I live off of less currently. That said, the program I'm on now (SSI) heavily penalizes you for having a 'real' income and it's more cost effective to stay at home. I make more money by not making money.
@@winomaster Ugh, first you effectively say 'it could let people work a reasonable amount and be with their families' and then you call it 'foolishness'. If *that* is foolishness, then I will happily be that fool. Assuming that a labor shortage is actually a real thing in a post automation world (it isn't, obviously, but let's pretend) then that means companies will be incentivized to offer better pay and conditions for their workers in order to retain them. Every pro has its con, and whining that a billionaire will have to actually pay taxes for once (most don't thanks to the charity loophole) isn't a very compelling argument. Frankly, if 1% of the population makes less so the remaining 99% can make more, I fail to see how that is a bad thing.
9:31 You say that there’s a certain percentage of the population that will never work if they don’t have to, and then you show a picture of a lazy bum watching tv eating Cheetos. Why didn’t you show someone reading a book? Or painting a picture? Or working out? Just because they don’t want to waste their life on work doesn’t mean they’re all lazy bums. And the ones that are lazy bums could be that way because they’re miserable from spending all day everyday doing work that they hate.
most underliked comment here! Seriously, the thing is, if people have the choice not to work, they will likely do other useful things, volunteer to still play a part in their community, create art, support a sick family member with housework. If a person doesn't work, it doesn't mean they stop playing a part in society. Women have only started working in recent decades, were they doing nothing before? Not at all!
Late to the party, but I would think that he chose that picture specifically because that's the image that a naysayer would have in mind. The point was to address that argument specifically for people who would raise that argument: people with preconceived notions of what 'that sort of person' would do if they didn't have to work. And it is very true that there are people who would take the opportunity of not having to work to do exactly that: lay on a sofa with a bag of Cheetos. (Though, there's something to be said for the notion that most people would get bored after a time of inactivity and would eventually want to do something else. From a personal perspective, I know when I have a string of days off, the first day is almost always a day of laziness and the second is almost always productive.)
That there are plenty of us who would devote those extra hours of overtime that have steadily become more commonplace into creative, artistic, or altruistic pursuits doesn't mean anything. Those people who understand that not all of humanity are lazy bums don't need convincing. It's the people who intrinsically believe that those people who don't have to work would inevitably act in just that manner who the preemptive argument was targeting.
Personally, I tend to agree: People gravitate toward activities like sitting around lazily eating Cheetos when they're overworked and unhappy because those are quick, easy sources of endorphins. If your life is more fulfilling and less overworked, harassed, and tired, it stands to reason that you might have more energy to work out, read a book, paint a picture, and spend more time with your loved ones. Most people are just...tired.
It's worst-case and even that is OK. We can live with that, we should live with that.
@@allister.trudel Woman have always worked, and damned hard too. They've just never been paid for they labor until the last couple of centuries, and even now still aren't paid as much as a man. Very much in favor of a UBI. A rising tide lifts all boats.
@@liannechristian8597 exactly!
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.
#YangGang
If AI will get rid of HR people I fully support AI even if it results in the eventual enslavement of the human race.
I'm pretty sure HR's purpose is to keep qualified candidates from ever getting to meet the people who want to employ them - usually because they don't know how to talk to job applicants that aren't sleeve chewing morons.
What do you mean, "eventual"?
why would AI enslave humans? There's no value they would get from it, they would just exterminate us.
@@Czeckie right now the Internet (which is totally sentient BTW) doesn't have what it takes to live without us. Until then it needs us drones to keep it running and even build spaceships for it.
"Enlargify your thinkification machine"... had me in stitches :'D
Love your stuff Joe 👍
I do like the idea that money becomes less important. It seems to blind people for measuring their phisical health, mental health, happieness and general wellbeing.
As a "poor college student", adding $1K into my bank account would probably make me cry tears of joy.. x')
I don't blame you. If I had UBI and wasn't working, I'd continue not working too.
The Chopping Block a lot of college kids do work now through school at least a lot of my peers. I myself work 30 hours a week and go to college. It’s a lot to do and definitely impacts your grades and the number of classes you can take. Something like this would definitely aid students who work full time or close to it. I’d say the only rule should be you can’t be going to school for a liberal arts major.
@@Danny-el8ww I know. I worked 40 hours a week through some of my undergraduate and all of my master's.
@@Danny-el8ww How much of my money do you think you are entitled to?
The Chopping Block of your money? I don’t think your salary and taxes are anywhere close to this. It’s like people telling cops that they pay their salary. On that same note how much of your money is being spent on the military fighting wars overseas that really we just shouldn’t be involved in. How much of your money is spent on our current education system, police force, firefighters ect. Hell how much of your money is paying the salaries of Congress? I think your attacking statement doesn’t hold any value if you look at how little your current contribution is in comparison to the big picture.
I would like to point out this...
1- I am a high school drop out
2- I have worked full time in construction since I am 15
3-I am 51 years old
4- I have never been on welfare or have taken food stamps
5- I have a house and I own my third brand new Harley-Davidson and my second brand new car
6- 40% of my pay goes into taxes
7- I save for my retirement and my wife is a bookkeeper so we are smart with our income
In my so humble opinion trade schools should be started and apprenticeships should be started as well. Welfare is not the answer personal responsibility and teaching self responsibility is important
The future is now old man
Amen!!
This has literally nothing to do with implementing UBI.. it can easily coexist.
$1000 a month would help everyone stay afloat while they figure out what to do to learn personal responsibility etc
I'd love to see you accomplish this as a 15yr old in 2019. The times are very different, everything is a lot more expensive, and your money doesn't go as far as it used to. And I say all this as someone who went through both a trade school and later an apprenticeship about 3 yrs ago
As someone whose mental illnesses make it so that I have zero energy after work and on at least one of my off days because going to a job wipes all of the energy I have, this would be a godsend. If I had a UBI, I could survive off of a part time job and have time to get involved with my loved ones and community as a whole and I would love to do that. This could be such a blessing to people with mental illnesses and chronic illnesses. (And no, current disability benefits don't count. The income/asset cap on those is almost cruel.)
My political beliefs are: PANIC!
yep, my platform is that we're not doing enough to prepare for our robot overlords. Speaking of , Joe should do a video on our eventual robot overlords if he hasn't already.
Mine is: eat popcorn and drink beer while others panic. 😊
Sounds good to me
Joe you should interview Andrew Yang
Will Powell totally
Yang would probably happily accept that. This should definitely happen.
As much as I would like this its kinda not staying neutral now is it?
Nick Pierpoint you can stay neutral and still interview someone. Fox News interviews democratic candidates but you wouldn’t say Fox News is liberal
Will Powell No, Yang is a doofus.
Great Vid! I am voting for Andrew Yang.
Andrew Yang is the only one who seems to have real vision for the future.
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!)
@@Huzzahgamers_inc Your 4th grade math is correct.
Just off on all the factors involved.
Check out his long form, or yang2020.com
For a more informative equation
Me too Andrew Yang 2020 all the way.
I really don't think Andrew Yang will win. Him being Asian already puts him at a disadvantage. Many will view him as a diversity vote. It should be entirely irrelevant, but there's always the anti-SJW crowd that opposes anything that's not a white male. Then there's the fact that he supports things like UBI. While UBI has its share of right-wing arguments, it will by and large be viewed as a left-wing type thing. In the end, only a fringe group of the ultra left will vote for him. He might not even be that super left himself, but given the way politics work in the US, that's what will happen.
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.
Amazingly well thought and produced video in par with many quality scientific papers on the issue. Thanks for your efforts
..."It's time to panic!" 😂
Edit: really great video!
I appreciate it.
@@joescott You scared the bejesus out of me
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.
I like the idea. Problem is it wont work in a market that isn't regulated. Once you raise taxes, businesses raise their prices, which wipes out any type of wage increase, or if we implement UBI. We need to control our markets and these billionaires first, then we can implement this.