When this guy talks about ubi causing loneliness and unhappiness, he provides just opinion. There's actually a growing body of data out there on the topic. I'll admit that this is the only clip of the interview I've seen so maybe he knows something about something but his opinions here lack humility: he could very easily say "it's pretty complicated and I'm not really sure what to think". The interview would carry on without a problem. I think you were more gracious to him than I would have been. As a side point, perhaps these clips should be prefaced with a real quick slide that explains the info about the interviewee that I'm sure is in the description but is additional work to look at. It sucks that viewers like me are too lazy to look, but the truth is I'm writing this comment without having a clue as to who this guy is, and I'm too unimpressed with his commentary to bother finding out. Yes, it's lazy, but I have to think I'm not the only person like this.
I will tell you one thing and that is this guy doesn’t know shit about art or art history. The one painter he used an example, Van Gogh, who he said had to work hard to create support himself, in fact sold only a couple paintings in his entire life, and he was supported by an (admittedly small-though that proves the point more so-if he was truly concerned with wealth he could’ve done something more lucrative) allowance from his wealthier brother. Almost like Van Gogh had a UBI and it allowed him to create amazing art, even though it didn’t support him financially while he was alive. On another note: as someone who went bald in his teens, I have a hard time respecting anyone that has a hairline like that and doesn’t at least buzz that little tuft at the top of his forehead off. It’s shallow but god that might be the only hairdo worse than Donald Trump’s.
This is the most moronic conversation I've ever heard. It's called universal BASIC income. Not universal extravagant amount of money that you can spend endlessly income. Shockingly ignorant and worthless discussion from two allegedly smart people. Not to mention significant data that proves its overall effectiveness on every facet of life INCLUDING motivation for self improvement and striving for more meaningful/gainful employment.
The logic is flawed. UBI is not there to enable someone to just sit idly by and be miserable. It's there to form a basic economic floor under which nobody should fall. The current social security systems generally require that one stays idle, or otherwise they lose their benefits. UBI is a more incentivizing system, not less.
UBI would increase the money supply for everyone so everyone could bargain more and drive inflation. I would say negative income tax is better. NIT like if we subsidize someone income to match a certain income level if he earn more than he would not receive money anymore. Like if income level is 400$ and you earn 1 dollar we would subsidize 399$ if you earn 4 we would subsidize 396$.
@@tomnguen4200 economist say it won't cause inflation. NIT doesn't help "free" workers like moms and people taking care of elderly, or the homeless who very few companies would want to hire. look at the tent city in LA.. how do you help those people in a cost effective way? if they had a UBI they could afford to move to small town, and small towns might stop dying, less crowding in city would mean lower rents for everyone else. A mom taking care of her kids is better for society than forcing her to work at some shit job.
@@rifz42 basic economics is if everyone got 1000 dollars and the goods and services doesn't increase then price would increase. Just because someone say something doesn't mean it is true, there should be logic behind it. And how does NIT don't help "free" worker when they have 0 income then they got subsidized.
@@tomnguen4200 Problem is, the data is in on UBI and it's OVERWHELMINGLY successful and works as near flawlessly as such a thing possibly can. The problem with NIT is it's essentially claw back, functionally punishing you for success. UBI works. There's no other discussion or arbitrary ideas thrown in to make you feel good necessary.
“You might have to move to North Dakota” I don’t think this guy understands what being completely flat broke poor is. You’ve got two young children and an elderly parent to look after “ Just move to North Dakota.”
Multiple careers? Is that what you call working 2-3 shitty paying jobs to survive? Bad take man. When I was on unemployment and able to survive this pandemic, I started a business bc I actually had time to do something for myself.
Anytime you have people saying things like "people need to go through suffering to build character" they're only telling themselves a self congratulatory story. They're saying "look at me, guys, I'm not weak lol. You need to be strong like me lol." They're definitely not saying it for the benefit of the person they're telling it to. It's essentially a humblebrag.
@@stevenpaul2023 You know, I don't think that's true. You going to tell me that war veterns are better off having PTSD and losing limbs then they would have been if they didn't go through that?
@@adamsaudiojournal3428 that’s war, completely different. It’s about accomplishment, perseverance, in the face of adversity. There will be good time and bad times, that’s life. No matter how much you want it not to be.
@@stevenpaul2023 Wrong. Struggle CAN build character. Can also build psychopaths and murderers. For whatever arbitrary emotional value you've, disgracefully, attached to struggle, likely due to some over coming of unfortunate odds, it functionally has real costs that aren't always creating the greatest possible you. It's like the nature vs nurture experiments. Nurture produced superior results overall.
@@stevenpaul2023 You’re absolutely right, for some people. But some people struggle their whole lives and suffer and their children suffer and the cycle continues. I imagine you like me have had the opportunity to work super hard to get ahead in life, but you have to remember that these opportunities do not come to everyone.
One in 3 households reported difficulty making ends meet in January, before the onset of the economic and health crises, according to a recent Harvard University, George Washington University and University of Oxford study. Some 40% of Americans said they couldn’t cover a $400 unexpected bill without selling something or going into debt, a 2018 Federal Reserve report found.
I just wanted to say that this guy doesn't even have the courage to admit he does Not know about the topic that he was asked about, therefore, he should Not be heard, and just a little nugget of info, there are massive clusters of data backing UBI ... Next time, please answer "I do not know" before talking about something you do Not know about, thank you.
I like Tyler's thoughts so far from the podcast 30 mins in but this opinion on UBI in 2021 shows he has not educated himself on the topic in the past 10 years. This is an old take... a dinosaurs take. You have Andrew Yang a guy who was trying to create jobs for middle america come out and say they only ever re-skill about 2-5% of workers from one industry to another lol And so its necesary to have a UBI when driverless trucks and amazon kill 30-50% of the workforce (truck drivers, retail workers) in the next 10-20 years. That starting now is the moral thing for silicon valley and big business to do.
I grew up in Dunfermline, Scotland it is the town where Andrew Carnegie was born. The first Carnegie public library in the world was opened there in 1883. Through a trust he also provided the town with a large park, children’s clinics, children’s homes, institutes for both men and women and recreational sports, crafts, music and drama facilities, many of which are still functioning today as well as many grants that are still available. Our lives were enriched by having these. Perhaps a system of part UBI and part increase in local facilities would be best.
If people receive enough UBI to sit at home all day and they don't enjoy it, they can go get a job. UBI allows people to work on and do what they actually want.
In theory, in the best possible case. I’d never bet a dime of my money on a rich kid or someone who was always given just enough money not to fail. Humans need to feel the heat to be formed into something stronger than they once were. I say this from personal experience.
@@KeithStrang Holding homelessness and starvation over one's head is definitely a strong motivator, but it's far from a moral one. There are many other motivators intrinsic to humans -- creativity, a desire to contribute to something bigger than oneself, etc. We should be using these positive motivators, not wage slavery, to ensure people contribute to society.
To any young people frustrated with our economic state. Here's a word of advice from someone who is financially stable and very very happy: 1. The government ain't fixing shit, and they never have. DO NOT wait for them! No matter how bad things are, they will never improve if all you do is wait for someone else to fix them. 2. Work BETTER than your co-workers, not harder. Your employer doesn't care about your blood, sweat, and tears. They care about production. 3. Make sure your boss likes you. Remember: your individual manager controls your financial destiny more than anyone else. If they're an asshole, find a new job as soon as possible. If they love you, stay around and opportunity will come soon. (PS, a great way to make your manager love you is by doing things that make THEIR manager happy) 4. Here's the important part: Take care of your money. I've made a fantastic life for myself only listening to 3 advisors: Dave Ramsey, Mr Money Moustache, & JL Collins (those 3 are put in order of who you need to listen to earliest to latest in life) If you live by those 4 creeds, your financial well-being and happiness will improve. Period.
You don't seem to understand how vast the difference in the quality of people's brains is. You speak like everyone is as smart and capable as you are. Your ideas are excellent. For the right person, in the right circumstance, in the right place, at the right time, capable of the right things. Again, your ideas are good, well, number 4 is good at least. The others are 'feel good' ideas that happened to work for you, with your brain, and the way your brain and sense of motivation and capability execute. I guess what I'm saying is, you're as stupid as a reasonably smart person can possibly be. I'm sorry that that's insulting.
Vices are stronger than virtues. If you give 1M USD to random people, you will enable a lot of their vices. For example, people with any forms of addiction - be it gambling, sex, alcohol, shopping, drugs, etc. - will eventually double down on their vices. People with marital relation problems will get divorced rather than try to work out their issues. And so on. Money can be a blessing or a curse.
@@Sal3600 can’t trust ANYTHING that can be TURNED OFF Including Crypto which was created by the NSA as a prerunner and beta tester for the REAL one they will run...cough UBI cough
@@usemythirdarm I personally do not understand crypto, I get it from a Technical perspective,Trade and barter independently etc... but it’s whole structure still RELIES on systems, patents and other technologies that it Can NOT control like the internet signal itself, electricity, legislation, etc...to me it seems like a mass stress test on new and old banking transaction systems to see what type of loads they hold where are the leaks etc.. because bottom line if the plan is to overtake or replace the SWIFT International electronic Banking system and stranglehold of power through that system it allows the US and And Banking conglomerates to have over GLOBAL Financial Affairs....Hell Yeah Go for it I’m all for it..I hope that’s a fight the crypto can take to the mat but as a former soldier and defence contractor all I can say is ALL wars are bankers wars and I kinda seen what happened to the last few people with the resources and ABILITY to upend fiat currency and all the systems that go with it(swift)😳
Fracking is bad for environment! What kind of suggestion is that? Ubi is complicated, there is no black and white in this issue, but obviously some people need that at least for a period of time or no one should suffer when loosing a job .
You're ignoring efficiency/higher productivity. As robots/AI start doing things more and more efficient, inflation wouldn't make sense if there was some UBI. Not agreeing UBI is a good idea but if it's due to robots/AI there would be no worry about inflation.
@3:30 alexis De Tocqueville would be a good example for this one. However, it just so happens that all of the examples I can think of are pre- liberal democracy and therefore great thinkers could almost only come from elite households. So in democratic societies he might actually be on to something
His argument that the need for money to survive leads to geniuses being born. That is so unintelligent said. He mentioned geniuses, and they are not created through capitalism but born with a unique brain/DNA. People make so much shit up to talk capitalism up. They are blind to the truth.
I just heard a quick and reductionist argument that being poor produces great art. This does not imply that those who create businesses, compute new physics equations and theories, etc., were poor, for these people are usually college educated.
There are families in the real world which have been living off of incomes from invested wealth for generations, and many of them are prominent in American politics. If these people can handle their own private UBI's, then why wouldn't the idea scale to include more people from nonwealthy families?
Lex, it would be great to get Mr Cowen’s opinion on a very divisive subject in your country. In some parts of Oregon, people are allowed to wear guns. There are few mass shootings in those regions. Why? Because the mass shooters go for soft targets. We never hear of someone doing a mass shooting at a Police station or where people are armed. Boys and girls, please don’t be offended from someone out of your country giving a solution to the mass shootings. But the plain simple truth is that every qualified and certified adult in America must wear a sidearm for the horrific mass shootings to come down in scale. There is no other way if the 2nd Amendment is going to work. It can only work when everyone is on board. It’s an opinion.
UBI dosent mean more people are gonna sit around and do nothing. This one thing will make working to survive to having something to do and collect the spoils of your work. People will have alot more money to spend. Right now most people only make enough to survive. Take away the cost to survive and then we thrive. Less people will be sitting around. Your gonna want more money when you can actually save it. Now if your working its because you want to be working, pride in work will come back. People wont be so easily used. So if you need employees you need to treat them well. All the machine needs is money to flow. Ubi would allow us to evolve.
Ya know, people said the same thing about food stamps. And no, you cant just move anywhere. Why would someone move to North Dakota for a non living wage. If ANYWHERE paid a living wage we wouldnt be having a UBI conversation. Perhaps with UBI people have money to go socialize again. Or, we could have more CEO who put their company on a minimum living wage.... At the end they hit the real problem. Think about the Waltons. None of them have ever done anything, but they are 5 of the top 10 richest people in America. Back in the 90s when their dad was still alive, cashiers made nearly twice minimum wage and got stock options. Now it's a horrible place to shop bc the service is shit and the stores are filthy....
There's so much to say on why I don't agree with this man,but the idea of people thinking that people will do absolutely nothing because you give them free money makes no sense at all.human beings can live with many things but being bored and doing nothing is not one of them
Fitting an new paradigm UBI, into an old antiquated system of capitalizim will never work. We need to rethink what we are doing as a society as a people. What are our true goals. We are living in a system that has been unequal and broken for years. Or we can forget it all and move to South Dakota
What a wrong statement... look Sir, the best "excuse" we have to promote UBI is, all the taxes scandals that big corporation can get their way around. We are talking about OUR MONEY (Tax Money) So if the Gov. is not able to stop all this leaking Taxes, then you should give back to the People. This money is meant to go to the Population not to big Corporations. That's All... that's only reason why we NEED UBI. Give us our money Back. Period !
I got a new job a couple months ago, two weeks after being laid off at another job. I am not happy with my current work at all, even though I'm making 20% more than I did. If I had the resources I'd be engaged in numerous other activities I find far more fulfilling. The issue with being unemployed is not tha absence of being chained to a job, often a job you were never fond of, it's the loss of resources and the constraints that brings. Is this really that confusing to you? You seemed to have completely missed the causal plot about what brings misery. Like completely.
@@jimgraham6722 and because you are not free, why try to expand that kind of freedom to more people. Typical conservative impulse, ditch dwelling anchor on progress.
If a parent dies or the child is orphaned, they get SSA. However, there are restrictions. It is to be used for food, shelter and clothing. Basic needs, and is reported to the SSA yearly. It cannot be saved. It cannot be invested. It cannot be put into a college fund. The funds end when the child turns 18 or finishes high school. Whichever is first. In 1980 Reagan ended death benefit SSA for college tuition, that once extending death benefits to orphans, so they could have funds during college. Now, if any money remains once it is 18, the money must be paid back to the government, with any gains.
And why does Tyler Cowen get to have an opinion on UBI when he clearly falls into a different tax bracket than most of the people who need UBI?? He makes too much money to even have an opinion on UBI. Honestly this guy is just an old school thick head. If you can’t imagine what UBI would do for the livelihood of billions of people worldwide just because it would t be useful to you, because he is completely disconnected to what it’s like to be poor in 2021.
If there was UBI, the average rental price will be exactly what UBI check is every month. Just like college financial aid. The average cost per semester is almost exactly how much the max a student can borrow per semester...
Only in large cities where housing is a problem already. UBI would push people outside of the cities because the money is worth so much more and you get it anywhere. Normally if you move to lower populated areas then your wage will fall or commute goes up so people dont do that.
If a billion dollars doesnt motivate you with newfound time and resources to follow your true interests and passions, and you just "become lazy"... Im not sure you were motivated to follow your passions in the first place. Lazy people gonna be lazy. And I guess thats ok too? ¯\_(ツ)_/¯
Also I feel like this world view always comes from people whos largest motivation in life is the accumulation of money. So I guess if you get money and youre that type of person, then yeah youre gonna probably be like "ok game over Im just gonna sit around all day because I have money" or whatever. But a struggling artist (or someone with a passion for something) who all of a sudden accumulates wealth doesnt go "Well finally. Time to kick my feet up for the next few decades until I croak." No, they get to work with the new resources they have available to them.
Clown. What a clown show! ubi for kids - because govt programs to help kids have done SO much good. Food for kids (USDA/AMS) has significantly increased child obesity, diabetes and malnutrition. 20% of public school graduates are functionally illiterate, which not surprisingly is not evenly distributed. In Baltimore City, for example the functional illiteracy rate is nearly 90%. ubi for kids IS intended to be permanent, if they don’t learn responsibility and independence early - they never will. There’s some shockingly mediocre thinking here!
Very lazy treatment of the issues around UBI by Tyler Cowen. This guy has no idea what he is talking about. Basically saying Mozart didn't have a cushion so why would anyone else need one, and anyone who wants a job could just move to North Dakota. This guy is nuts. The issue isn't whether AI will replace ALL jobs, it is whether it will replace ENOUGH jobs to bring about social displacement and unrest. A UBI needs to be at such a level that it doesn't distort labor markets. There should also be monitoring mechanisms in place to make sure there are no serious abuses. Such a UBI encourages work, risk taking and most importantly value creation.
So ill informed. 50% of your population has an IQ of 98 or less. These people are good people, but they can't learn coding, so to talk about that in terms of just retaining in new types of work is so ignorant to human nature.
But didn't you hear, they might be able to move to one of the Dakotas and slum it in the modern mines of fracking. Tyler Cowen is paid by libertarian sociopaths from a libertarian sociopathic institution in George Mason University, they care little about human freedom because they only concern themselves with negative freedoms and not positive freedoms. Ubi is a pure crystallized expansion of positive freedom. And that expansion is actively hated by assholes like Tyler Cowon.
The UBI according to Professor Richard D. Wolff would do the following to society. It would make two classes of people: those who work and those who get to stay home and receive the same money as someone who works. In other words, a Basic Universal Income would create division in society. Someone who goes to work and comes back exhausted at the end of the day, only to find his neighbor relaxing in his hammock after staying home all day and both receiving the same pay for example, would create anything but harmonious relations between the workers and the folks who don’t. It’s a hard reality; but everyone has to be in the same boat for society to work.
Ubi do not work like that, with ubi you receive money each month but if you work you have ubi + your job salary so you earn more than the guy doing nothing
I hold an econ degree, and I look through this comment section at people who are shitting on him without understanding the terms that he uses lol
If there were UBI for kids, Toys'R'Us wouldn't have gone bankrupt
True
When this guy talks about ubi causing loneliness and unhappiness, he provides just opinion. There's actually a growing body of data out there on the topic. I'll admit that this is the only clip of the interview I've seen so maybe he knows something about something but his opinions here lack humility: he could very easily say "it's pretty complicated and I'm not really sure what to think". The interview would carry on without a problem. I think you were more gracious to him than I would have been.
As a side point, perhaps these clips should be prefaced with a real quick slide that explains the info about the interviewee that I'm sure is in the description but is additional work to look at. It sucks that viewers like me are too lazy to look, but the truth is I'm writing this comment without having a clue as to who this guy is, and I'm too unimpressed with his commentary to bother finding out. Yes, it's lazy, but I have to think I'm not the only person like this.
I will tell you one thing and that is this guy doesn’t know shit about art or art history. The one painter he used an example, Van Gogh, who he said had to work hard to create support himself, in fact sold only a couple paintings in his entire life, and he was supported by an (admittedly small-though that proves the point more so-if he was truly concerned with wealth he could’ve done something more lucrative) allowance from his wealthier brother. Almost like Van Gogh had a UBI and it allowed him to create amazing art, even though it didn’t support him financially while he was alive.
On another note: as someone who went bald in his teens, I have a hard time respecting anyone that has a hairline like that and doesn’t at least buzz that little tuft at the top of his forehead off. It’s shallow but god that might be the only hairdo worse than Donald Trump’s.
This is the most moronic conversation I've ever heard. It's called universal BASIC income. Not universal extravagant amount of money that you can spend endlessly income. Shockingly ignorant and worthless discussion from two allegedly smart people. Not to mention significant data that proves its overall effectiveness on every facet of life INCLUDING motivation for self improvement and striving for more meaningful/gainful employment.
Exactly how I felt watching this
The logic is flawed. UBI is not there to enable someone to just sit idly by and be miserable. It's there to form a basic economic floor under which nobody should fall. The current social security systems generally require that one stays idle, or otherwise they lose their benefits. UBI is a more incentivizing system, not less.
well said! also small towns will thrive instead of dying, because people will move there to save on the cost of housing.
UBI would increase the money supply for everyone so everyone could bargain more and drive inflation. I would say negative income tax is better. NIT like if we subsidize someone income to match a certain income level if he earn more than he would not receive money anymore. Like if income level is 400$ and you earn 1 dollar we would subsidize 399$ if you earn 4 we would subsidize 396$.
@@tomnguen4200 economist say it won't cause inflation. NIT doesn't help "free" workers like moms and people taking care of elderly, or the homeless who very few companies would want to hire. look at the tent city in LA.. how do you help those people in a cost effective way? if they had a UBI they could afford to move to small town, and small towns might stop dying, less crowding in city would mean lower rents for everyone else. A mom taking care of her kids is better for society than forcing her to work at some shit job.
@@rifz42 basic economics is if everyone got 1000 dollars and the goods and services doesn't increase then price would increase. Just because someone say something doesn't mean it is true, there should be logic behind it. And how does NIT don't help "free" worker when they have 0 income then they got subsidized.
@@tomnguen4200 Problem is, the data is in on UBI and it's OVERWHELMINGLY successful and works as near flawlessly as such a thing possibly can. The problem with NIT is it's essentially claw back, functionally punishing you for success. UBI works. There's no other discussion or arbitrary ideas thrown in to make you feel good necessary.
“You might have to move to North Dakota” I don’t think this guy understands what being completely flat broke poor is.
You’ve got two young children and an elderly parent to look after “ Just move to North Dakota.”
Multiple careers? Is that what you call working 2-3 shitty paying jobs to survive? Bad take man. When I was on unemployment and able to survive this pandemic, I started a business bc I actually had time to do something for myself.
Anytime you have people saying things like "people need to go through suffering to build character" they're only telling themselves a self congratulatory story. They're saying "look at me, guys, I'm not weak lol. You need to be strong like me lol."
They're definitely not saying it for the benefit of the person they're telling it to. It's essentially a humblebrag.
Wrong, struggle builds character.
@@stevenpaul2023 You know, I don't think that's true. You going to tell me that war veterns are better off having PTSD and losing limbs then they would have been if they didn't go through that?
@@adamsaudiojournal3428 that’s war, completely different.
It’s about accomplishment, perseverance, in the face of adversity.
There will be good time and bad times, that’s life.
No matter how much you want it not to be.
@@stevenpaul2023 Wrong. Struggle CAN build character. Can also build psychopaths and murderers. For whatever arbitrary emotional value you've, disgracefully, attached to struggle, likely due to some over coming of unfortunate odds, it functionally has real costs that aren't always creating the greatest possible you. It's like the nature vs nurture experiments. Nurture produced superior results overall.
@@stevenpaul2023 You’re absolutely right, for some people. But some people struggle their whole lives and suffer and their children suffer and the cycle continues. I imagine you like me have had the opportunity to work super hard to get ahead in life, but you have to remember that these opportunities do not come to everyone.
Seems uneducated on this topic with the amount of data available currently.
I don’t think homie knows anything about what the unemployment rate looked like pre covid
One in 3 households reported difficulty making ends meet in January, before the onset of the economic and health crises, according to a recent Harvard University, George Washington University and University of Oxford study. Some 40% of Americans said they couldn’t cover a $400 unexpected bill without selling something or going into debt, a 2018 Federal Reserve report found.
What great economy was he talking about?
This guy is on a one track mind.
It’s not about whether or not people want it. The question is is UBI inevitable?
Sir Issac Newton had a cushion.
I just wanted to say that this guy doesn't even have the courage to admit he does Not know about the topic that he was asked about, therefore, he should Not be heard, and just a little nugget of info, there are massive clusters of data backing UBI ...
Next time, please answer "I do not know" before talking about something you do Not know about, thank you.
I like Tyler's thoughts so far from the podcast 30 mins in but this opinion on UBI in 2021 shows he has not educated himself on the topic in the past 10 years. This is an old take... a dinosaurs take. You have Andrew Yang a guy who was trying to create jobs for middle america come out and say they only ever re-skill about 2-5% of workers from one industry to another lol And so its necesary to have a UBI when driverless trucks and amazon kill 30-50% of the workforce (truck drivers, retail workers) in the next 10-20 years. That starting now is the moral thing for silicon valley and big business to do.
If I had UBI through my 20s I’d still be really good at drinking.
He's basicly saying "people need shitty jobs they hate to be happy!"
Never heard so many sweeping generalisations in one video
I grew up in Dunfermline, Scotland it is the town where Andrew Carnegie was born. The first Carnegie public library in the world was opened there in 1883. Through a trust he also provided the town with a large park, children’s clinics, children’s homes, institutes for both men and women and recreational sports, crafts, music and drama facilities, many of which are still functioning today as well as many grants that are still available. Our lives were enriched by having these.
Perhaps a system of part UBI and part increase in local facilities would be best.
We have several Carnegie libraries in Toronto.
@@akniznik They have been such an asset to so many communities.
If people receive enough UBI to sit at home all day and they don't enjoy it, they can go get a job. UBI allows people to work on and do what they actually want.
In theory, in the best possible case. I’d never bet a dime of my money on a rich kid or someone who was always given just enough money not to fail. Humans need to feel the heat to be formed into something stronger than they once were. I say this from personal experience.
@@KeithStrang Holding homelessness and starvation over one's head is definitely a strong motivator, but it's far from a moral one. There are many other motivators intrinsic to humans -- creativity, a desire to contribute to something bigger than oneself, etc. We should be using these positive motivators, not wage slavery, to ensure people contribute to society.
To any young people frustrated with our economic state. Here's a word of advice from someone who is financially stable and very very happy:
1. The government ain't fixing shit, and they never have. DO NOT wait for them! No matter how bad things are, they will never improve if all you do is wait for someone else to fix them.
2. Work BETTER than your co-workers, not harder. Your employer doesn't care about your blood, sweat, and tears. They care about production.
3. Make sure your boss likes you. Remember: your individual manager controls your financial destiny more than anyone else. If they're an asshole, find a new job as soon as possible. If they love you, stay around and opportunity will come soon. (PS, a great way to make your manager love you is by doing things that make THEIR manager happy)
4. Here's the important part: Take care of your money. I've made a fantastic life for myself only listening to 3 advisors: Dave Ramsey, Mr Money Moustache, & JL Collins (those 3 are put in order of who you need to listen to earliest to latest in life)
If you live by those 4 creeds, your financial well-being and happiness will improve. Period.
You don't seem to understand how vast the difference in the quality of people's brains is. You speak like everyone is as smart and capable as you are. Your ideas are excellent. For the right person, in the right circumstance, in the right place, at the right time, capable of the right things. Again, your ideas are good, well, number 4 is good at least. The others are 'feel good' ideas that happened to work for you, with your brain, and the way your brain and sense of motivation and capability execute. I guess what I'm saying is, you're as stupid as a reasonably smart person can possibly be. I'm sorry that that's insulting.
Vices are stronger than virtues. If you give 1M USD to random people, you will enable a lot of their vices. For example, people with any forms of addiction - be it gambling, sex, alcohol, shopping, drugs, etc. - will eventually double down on their vices. People with marital relation problems will get divorced rather than try to work out their issues. And so on. Money can be a blessing or a curse.
Give me a billion and I’ll buy a billion in SPY shares and live off of dividends and gladly pay my taxes!!!
@@Sal3600 can’t trust ANYTHING that can be TURNED OFF Including Crypto which was created by the NSA as a prerunner and beta tester for the REAL one they will run...cough UBI cough
@@pierregibson6699 that made me lol
@@usemythirdarm I personally do not understand crypto, I get it from a Technical perspective,Trade and barter independently etc... but it’s whole structure still RELIES on systems, patents and other technologies that it Can NOT control like the internet signal itself, electricity, legislation, etc...to me it seems like a mass stress test on new and old banking transaction systems to see what type of loads they hold where are the leaks etc.. because bottom line if the plan is to overtake or replace the SWIFT International electronic Banking system and stranglehold of power through that system it allows the US and And Banking conglomerates to have over GLOBAL Financial Affairs....Hell Yeah Go for it I’m all for it..I hope that’s a fight the crypto can take to the mat but as a former soldier and defence contractor all I can say is ALL wars are bankers wars and I kinda seen what happened to the last few people with the resources and ABILITY to upend fiat currency and all the systems that go with it(swift)😳
Fracking is bad for environment! What kind of suggestion is that? Ubi is complicated, there is no black and white in this issue, but obviously some people need that at least for a period of time or no one should suffer when loosing a job .
UBI aka accelerated inflation..
You're ignoring efficiency/higher productivity. As robots/AI start doing things more and more efficient, inflation wouldn't make sense if there was some UBI. Not agreeing UBI is a good idea but if it's due to robots/AI there would be no worry about inflation.
@3:30 alexis De Tocqueville would be a good example for this one. However, it just so happens that all of the examples I can think of are pre- liberal democracy and therefore great thinkers could almost only come from elite households.
So in democratic societies he might actually be on to something
His argument that the need for money to survive leads to geniuses being born. That is so unintelligent said. He mentioned geniuses, and they are not created through capitalism but born with a unique brain/DNA. People make so much shit up to talk capitalism up. They are blind to the truth.
I love to watch anime. Will someone pay me to watch?
I really like the idea of paying a UBI based on us giving our data to the government and corporations.
This is the problem with the economist they are still using variables from the past, today and the future are a different story.
I just heard a quick and reductionist argument that being poor produces great art. This does not imply that those who create businesses, compute new physics equations and theories, etc., were poor, for these people are usually college educated.
UBI for kids? How does it work?
There are families in the real world which have been living off of incomes from invested wealth for generations, and many of them are prominent in American politics. If these people can handle their own private UBI's, then why wouldn't the idea scale to include more people from nonwealthy families?
Lex, it would be great to get Mr Cowen’s opinion on a very divisive subject in your country. In some parts of Oregon, people are allowed to wear guns. There are few mass shootings in those regions. Why? Because the mass shooters go for soft targets. We never hear of someone doing a mass shooting at a Police station or where people are armed. Boys and girls, please don’t be offended from someone out of your country giving a solution to the mass shootings. But the plain simple truth is that every qualified and certified adult in America must wear a sidearm for the horrific mass shootings to come down in scale. There is no other way if the 2nd Amendment is going to work. It can only work when everyone is on board. It’s an opinion.
UBI dosent mean more people are gonna sit around and do nothing. This one thing will make working to survive to having something to do and collect the spoils of your work. People will have alot more money to spend. Right now most people only make enough to survive. Take away the cost to survive and then we thrive. Less people will be sitting around. Your gonna want more money when you can actually save it. Now if your working its because you want to be working, pride in work will come back. People wont be so easily used. So if you need employees you need to treat them well. All the machine needs is money to flow. Ubi would allow us to evolve.
Please have Andrew Yang on. This guy is totally out of touch with reality
Taken from those with productive ability and given to all those potential voters with endless needs.
I'm so tired of your "life is suffering" redemption baloney Lex, you export suffering when you believe suffering is necessary.
Ya know, people said the same thing about food stamps. And no, you cant just move anywhere. Why would someone move to North Dakota for a non living wage. If ANYWHERE paid a living wage we wouldnt be having a UBI conversation. Perhaps with UBI people have money to go socialize again. Or, we could have more CEO who put their company on a minimum living wage....
At the end they hit the real problem. Think about the Waltons. None of them have ever done anything, but they are 5 of the top 10 richest people in America. Back in the 90s when their dad was still alive, cashiers made nearly twice minimum wage and got stock options. Now it's a horrible place to shop bc the service is shit and the stores are filthy....
The answer: extreme poverty, accept it.
There's so much to say on why I don't agree with this man,but the idea of people thinking that people will do absolutely nothing because you give them free money makes no sense at all.human beings can live with many things but being bored and doing nothing is not one of them
Van Gogh sold one painting while he was alive and then committed suicide, broke. The fortunes made off his art were made posthumously.
UBI will never work. I will only provide a thought process that promotes a sense of entitlement that further leads to our demise.
Well, he's not pressed to work low skilled job with stupid supervisors on his head just for his survival, to be eligible to have a say on UBI.
Fitting an new paradigm UBI, into an old antiquated system of capitalizim will never work. We need to rethink what we are doing as a society as a people. What are our true goals. We are living in a system that has been unequal and broken for years. Or we can forget it all and move to South Dakota
What a wrong statement... look Sir, the best "excuse" we have to promote UBI is, all the taxes scandals that big corporation can get their way around. We are talking about OUR MONEY (Tax Money) So if the Gov. is not able to stop all this leaking Taxes, then you should give back to the People. This money is meant to go to the Population not to big Corporations. That's All... that's only reason why we NEED UBI. Give us our money Back. Period !
Everything the UBI folks buy will inflate in price.
If you've ever been unemployed, it makes you very hopeless, we require work for gratification.
Theres no gratification when a 50 hr week doesnt make ends meet
I got a new job a couple months ago, two weeks after being laid off at another job. I am not happy with my current work at all, even though I'm making 20% more than I did.
If I had the resources I'd be engaged in numerous other activities I find far more fulfilling.
The issue with being unemployed is not tha absence of being chained to a job, often a job you were never fond of, it's the loss of resources and the constraints that brings.
Is this really that confusing to you? You seemed to have completely missed the causal plot about what brings misery. Like completely.
@@jimgraham6722 and because you are not free, why try to expand that kind of freedom to more people.
Typical conservative impulse, ditch dwelling anchor on progress.
Doesn't America have child benefit?
Only indirectly. Tax credits for all children. Various assistance programs for poor families with children.
If a parent dies or the child is orphaned, they get SSA.
However, there are restrictions. It is to be used for food, shelter and clothing. Basic needs, and is reported to the SSA yearly.
It cannot be saved. It cannot be invested. It cannot be put into a college fund. The funds end when the child turns 18 or finishes high school. Whichever is first. In 1980 Reagan ended death benefit SSA for college tuition, that once extending death benefits to orphans, so they could have funds during college.
Now, if any money remains once it is 18, the money must be paid back to the government, with any gains.
The question is, if money was no object, what would you do to pass your time?
And why does Tyler Cowen get to have an opinion on UBI when he clearly falls into a different tax bracket than most of the people who need UBI?? He makes too much money to even have an opinion on UBI. Honestly this guy is just an old school thick head. If you can’t imagine what UBI would do for the livelihood of billions of people worldwide just because it would t be useful to you, because he is completely disconnected to what it’s like to be poor in 2021.
Keep taking selfies.
Welfare state + mass migration + UBI = ?
A booming economy lol
Forget UBI just teach them to code...
Lex have tussle brand on
Jesus Lex interview me please 😂👍
No Tyler Cowen
If there was UBI, the average rental price will be exactly what UBI check is every month. Just like college financial aid. The average cost per semester is almost exactly how much the max a student can borrow per semester...
Only in large cities where housing is a problem already.
UBI would push people outside of the cities because the money is worth so much more and you get it anywhere.
Normally if you move to lower populated areas then your wage will fall or commute goes up so people dont do that.
If a billion dollars doesnt motivate you with newfound time and resources to follow your true interests and passions, and you just "become lazy"... Im not sure you were motivated to follow your passions in the first place. Lazy people gonna be lazy. And I guess thats ok too? ¯\_(ツ)_/¯
Also I feel like this world view always comes from people whos largest motivation in life is the accumulation of money. So I guess if you get money and youre that type of person, then yeah youre gonna probably be like "ok game over Im just gonna sit around all day because I have money" or whatever. But a struggling artist (or someone with a passion for something) who all of a sudden accumulates wealth doesnt go "Well finally. Time to kick my feet up for the next few decades until I croak." No, they get to work with the new resources they have available to them.
Clown. What a clown show! ubi for kids - because govt programs to help kids have done SO much good. Food for kids (USDA/AMS) has significantly increased child obesity, diabetes and malnutrition. 20% of public school graduates are functionally illiterate, which not surprisingly is not evenly distributed. In Baltimore City, for example the functional illiteracy rate is nearly 90%. ubi for kids IS intended to be permanent, if they don’t learn responsibility and independence early - they never will. There’s some shockingly mediocre thinking here!
Very lazy treatment of the issues around UBI by Tyler Cowen. This guy has no idea what he is talking about. Basically saying Mozart didn't have a cushion so why would anyone else need one, and anyone who wants a job could just move to North Dakota. This guy is nuts.
The issue isn't whether AI will replace ALL jobs, it is whether it will replace ENOUGH jobs to bring about social displacement and unrest.
A UBI needs to be at such a level that it doesn't distort labor markets. There should also be monitoring mechanisms in place to make sure there are no serious abuses. Such a UBI encourages work, risk taking and most importantly value creation.
He's a typical libertarian sociopath
Yeah... the answer is Boom Towns apparently... this guy probably never did anything close to that kind of work in his life...
This is how people got fat in Wall-E
So ill informed. 50% of your population has an IQ of 98 or less. These people are good people, but they can't learn coding, so to talk about that in terms of just retaining in new types of work is so ignorant to human nature.
But didn't you hear, they might be able to move to one of the Dakotas and slum it in the modern mines of fracking.
Tyler Cowen is paid by libertarian sociopaths from a libertarian sociopathic institution in George Mason University, they care little about human freedom because they only concern themselves with negative freedoms and not positive freedoms.
Ubi is a pure crystallized expansion of positive freedom. And that expansion is actively hated by assholes like Tyler Cowon.
The UBI according to Professor Richard D. Wolff would do the following to society. It would make two classes of people: those who work and those who get to stay home and receive the same money as someone who works. In other words, a Basic Universal Income would create division in society. Someone who goes to work and comes back exhausted at the end of the day, only to find his neighbor relaxing in his hammock after staying home all day and both receiving the same pay for example, would create anything but harmonious relations between the workers and the folks who don’t. It’s a hard reality; but everyone has to be in the same boat for society to work.
Ubi do not work like that, with ubi you receive money each month but if you work you have ubi + your job salary so you earn more than the guy doing nothing