Universal Basic Income Explained – Free Money for Everybody? UBI

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  • Published: 07 December 2017
  • What is UBI? How would free money change our lives.

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    A few sources:

    Cash Transfers and Temptation Goods
    bit.ly/2gfkwsN

    Debunking the Stereotype of the Lazy Welfare Recipient: Evidence from Cash Transfer Programs Worldwide
    bit.ly/1lFeO5Y

    The Poverty Trap
    bit.ly/2iCv9cK

    The short-term impact of unconditional cash transfers to the poor: experimental evidence from Kenya
    bit.ly/2ixSbEn

    Opinion: Our Broken Economy, in One Simple Chart
    nyti.ms/2vzE1be

    Modeling the Macroeconomic Effects of a Universal Basic Income
    bit.ly/2xLWUFi

    On the Economics of a Universal Basic Income
    bit.ly/2BdHoaX

    What Would Happen If We Just Gave People Money?
    53eig.ht/230Td6X

    Cash Transfers and Temptation Goods –
    A Review of Global Evidence
    bit.ly/2cXUTyY

    Cash transfers: what does the evidence say? A rigorous review of impacts and the role of design and implementation features
    bit.ly/2av62Ya

    Cash as Capital
    bit.ly/2rGvlgZ



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    Universal Basic Income Explained – Free Money for Everybody? UBI

Comments • 35 782

  • Kurzgesagt – In a Nutshell

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    • Victor Tous
      Victor Tous  2 days back

      @Kurzgesagt: time to make an updated video about UBI with AI automation as the strongest argument.

    • SleekMinister
      SleekMinister  6 days back

      "Praxagora
      Take your seats, and, since you are all gathered here at last, let us see if what we decided on at the feast of the Scirophoria has been duly done.


      First Woman
      [60] Yes. Firstly, as agreed, I have let the hair under my armpits grow thicker than a bush; furthermore, whilst my husband was at the Assembly, I rubbed myself from head to foot with oil and then stood the whole day long in the sun.


      (...)


      [205] Citizens, you are the ones who are the cause of all this trouble. You vote yourselves salaries out of the public funds and care only for your own personal interests; hence the state limps along like Aesimus. But if you hearken to me, you will be saved. [210] I assert that the direction of affairs must be handed over to the women, for they are the ones who have charge and look after our households.


      (...)


      But nowadays we run here to earn the three obols, for the citizen has become as mercenary [310] as the stonemason.


      (...)


      Walk up smartly,(...) and [295] do not fail in any point of your part; let us first demand our fee and then vote for all that may perchance be useful for our partisans. . . Ah! what am I saying? I meant to say, for our fellow-citizens.


      (...)


      Let us drive away these men of the city who used [301] to stay at home and [302] chatter round the table in the days when only an obolus was paid,".


      Aristophanes (c. 446 – c. 386 BC), Ecclesiazusae

    • Frank playlist
      Frank playlist  1 weeks back

      MAKE AMERICA A RICHMANS SOCIALIST COUNTRY AGAIN. MARSCA 2020.

    • Frank playlist
      Frank playlist  1 weeks back

      @N G WTFHAPPENED TO THAT PARTY.

    • Frank playlist
      Frank playlist  1 weeks back

      @N G THE REPUBLICAN PARTY WENT FROM THEODORE ROOSEVELT THE TRUST BUSTER TO REAGAN THE CORPORATE SOCIALIST UNION BUSTER IN 73 YEARS

  • Zachary Jordan
    Zachary Jordan  18 hours back

    I love you Andrew Yang

    • Hate Speaker Sargon Of akkad

      So you're going to give me 12,000$ and increase my taxes...... uhh? Just let me keep the money I earn m8.

      • Hate Speaker Sargon Of akkad
        Hate Speaker Sargon Of akkad  13 hours back

        Not of your new tax rate is 13,000$.

      • Jake Liu
        Jake Liu  14 hours back

        @Hate Speaker Sargon Of akkad I have a job too, but that extra $1000 is not a bad deal. 😂

      • Hate Speaker Sargon Of akkad
        Hate Speaker Sargon Of akkad  14 hours back

        @Jake Liu I have a job.

      • Jake Liu
        Jake Liu  15 hours back

        Hate Speaker Sargon Of akkad you would rather earn $0? Is that what you’re saying? 😂

    • Claire the Loon
      Claire the Loon  22 hours back

      Could you tax automated jobs to fund UBI? so every company that automates a bunch of jobs pays higher taxes?

      • Jeffrey050711
        Jeffrey050711  1 days back

        It is entirely possible that we will see certain governments implement UBI in our lifetime.

        • Young Comet
          Young Comet  1 days back

          You made yang get above booker

          • Young Comet
            Young Comet  1 days back

            Yangang

            • hyou zan ren
              hyou zan ren  1 days back

              First automate farming to ensure enought food for everyone!

              • SyN!K
                SyN!K  1 days back

                Get a Job

                • Leela Patil
                  Leela Patil  1 days back

                  ubi shuld be eaven to motvait ed eaven more

                  • kai liang
                    kai liang  2 days back

                    What a great two videos, in theory it could work but socialism turns out to be disastrous though out the history ,including the money printing US in recent years,that’s because the largely ignored( especially by the so call well educated liberals)the basic simple economic rule - nothing is free. I lived tho the communist China and free stuff comes at a cost, no stuff at all

                    • Rami Touhami
                      Rami Touhami  2 days back

                      People will just spend more if they get an extra 1000 dollars a month , that's why poor people stay poor even if you g injve them money they will just spend it on useless short term things instead of using it for better use

                      • Dj D-Cide
                        Dj D-Cide  2 days back

                        I understand the concept but see no mentioning how much will that be exactly, if the prices go up it does not do that much. If all go down that's fine but how much does each get exactly?

                        • Van Horror
                          Van Horror  2 days back

                          Just a second..have you thought about freaking inflation!!!! That extra $1000 will be worthless in 6 months if the gov pumps that much liquidity into the economy.
                          Cmon this is basic eco 101.

                          • Van Horror
                            Van Horror  2 days back

                            lol... its just another zero sum game.

                          • the gourd king
                            the gourd king  2 days back

                            @UCwbRYCLm7zDNqkI3opaTqWw you completely ignored where he talked about where the money could come from. Wasn't taxes. Yes no doubt a system like this would be a massive change with effects accross the board both good and bad

                          • the gourd king
                            the gourd king  2 days back

                            Did you even watch the video? He specifically addesses inflation.

                        • Scott Benedict
                          Scott Benedict  2 days back

                          Trump 2020

                          • Scott Benedict
                            Scott Benedict  2 days back

                            Yawn

                            • Victor Tous
                              Victor Tous  2 days back

                              @Kurzgesagt: time to make an updated video about UBI with AI automation as the strongest argument.

                              • Bret Claar
                                Bret Claar  3 days back

                                How is the drug study done?

                                • Jarred Million
                                  Jarred Million  3 days back

                                  Okay has anyone actually done the math on this..? 320 million people in america, $1000 a month, for 12 months, 320,000,000x1000x12=$3,840,000,000,000

                                  Nearly 4 quadrillion dollars.
                                  Every year.

                                  Like i’m all for free money but that’s just one of those things that just doesnt work

                                  • Bert Hubnip
                                    Bert Hubnip  3 days back

                                    Jarred Million

                                    1) Trillion, not quadrillion

                                    2) Babies and children would not be given $1000 a month

                                • Lachlan Hatcher
                                  Lachlan Hatcher  3 days back

                                  i want robots to do all our stuff XD

                                  • Ti Bot
                                    Ti Bot  4 days back

                                    Can't help wondering how many of the objections to UBI must sound tremendously similar to the ones raised against the institution of democracy versus monarchy (whose power is not only nominal), equal law (in theory) versus nobility. The poor are uneducated and will bring the state to ruin, women are irrational and do not belong in the public sphere and should therefore not vote... I am also sure there were loads of anecdotal evidence proving those points. The heart of the matter then and now seems to be that there is no faith in certain classes of people, and who holds the power likes to think they are the only ones who could. Then monarchies failed and yet humanity goes on.

                                    • 7/11 WAS A PART TIME JOB
                                      7/11 WAS A PART TIME JOB  1 days back

                                      the main criticism is that America is broke and cant afford handing out that much money and doing so will require money printing and will ruin their currency. I welcome the day that that happens so I can travel the country having sex with young women for money.

                                  • 朱佩远
                                    朱佩远  4 days back

                                    这不就是中国的扶贫政策吗?直接发钱

                                    • Lord Chair
                                      Lord Chair  4 days back

                                      Didn't Switzerland reject 2000 $/month for free some time ago?

                                      • Ayas Faiz
                                        Ayas Faiz  4 days back

                                        i want some

                                        • Chas Horton
                                          Chas Horton  4 days back

                                          “Yang gang 2020”

                                          🤡

                                          • Justin
                                            Justin  5 days back

                                            The idea of the UBI is naive. Along with all the "Yangsters".

                                            None of this exists in an vacuum.

                                            The richest people in our society aren't going to allow the lower classes to receive more disposable income without appropriating it. They DEFINITELY aren't going to allow workers more leverage as depicted in 6:00-6:15

                                            If a UBI is implemented without protections for workers the capitalist class and corporations will simply raise prices (you don't need inflation for prices to rise) and lower wages proportionally. They know their workers and customers have more disposable income, there is nothing stopping them from taking it; and they will because the highest motive of any business is profit.

                                            This is WHY Yang wants a UBI "instead of a higher minimum wage". Yang is a former corporate lawyer and CEO.

                                            He doesn't wanna piss off his rich corporate buddies. A UBI doesn't worry them because they know they will just take the money back in the form of higher prices and lower wages. But a higher minimum wage is unacceptable because it means an actual loss for them, as higher prices WITHOUT lower wages means they lose money as most businesses are customers as well.

                                            • firerocket
                                              firerocket  4 days back

                                              Your argument here are far more against raising min wage than UBI.

                                          • PhrozenFox
                                            PhrozenFox  5 days back

                                            Most homeless people I see downtown are drinking coffee, which is a drug. It's not alcohol or tobacco, because those are more than a couple dollars.



                                            Then again, in my city, we have 3 different food banks (1 visit/month for 5days/food total) and in downtown there's a soup kitchen every like 5 blocks. I went to a couple soup kitchens out of curiosity and you get enough to fill up even a comfortable suburbs lad like myself. Not bad at all.

                                            • Jack
                                              Jack  5 days back

                                              I love the animation. Makes it fun to learn.

                                              • Geyi Li
                                                Geyi Li  5 days back

                                                The argument at the end of the video saying $1000 a month can not afford an apartment in metropolitan and thus it forces people to leave seems very weak to me since UBI is not the only income. And the same rent difference situation is the same without UBI

                                                • QuackPlay
                                                  QuackPlay  5 days back

                                                  UBI...well communism looked good on paper too.

                                                  • QuackPlay
                                                    QuackPlay  3 days back

                                                    @Zakary Loreto just saying it needs more testing broh.

                                                  • Troy Propes
                                                    Troy Propes  3 days back

                                                    This is ignorant because UBI is literally the opposite of socialism...

                                                  • Zakary Loreto
                                                    Zakary Loreto  4 days back

                                                    QuackPlay This is not communism

                                                • Hyder Hadi
                                                  Hyder Hadi  5 days back

                                                  I WANT THIS, but obviously it can't happen in Iraq ,because our politicians are fingering themselves all the time... and people vote for them because of this... stupid bastards...

                                                  • bar363363
                                                    bar363363  6 days back

                                                    Too many libtards in the comments who believe everything they see

                                                    • Gage Karet
                                                      Gage Karet  6 days back

                                                      I work with low income people everyday. Some that even live in decrepit and dangerous motels. I can tell you right now that the average low income individual is using drugs or drinking in excess . Additionally, whenever they get a large amount of money in a large chunk ($1000+) on their check, without exception they spend it by the end of the weekend. Clothes, new phone that they don’t need, coke or pills, getting their hair or nails done, bullshit. I can hear some of them wishing they had a car or that the power company would stop shutting their apartment off, then they turn right around and blow their money as soon as they get it. I’m a sales director at a call center btw.

                                                      • skoozcoug
                                                        skoozcoug  6 days back

                                                        I don't understand how it wouldn't cause inflation. Wouldn't any business person with half a brain just charge more knowing that people have more disposable income?

                                                        • 7/11 WAS A PART TIME JOB
                                                          7/11 WAS A PART TIME JOB  1 days back

                                                          the inflation would be because the gov doesnt have the money to pay out that level of benefits, so they have to print money out and pass it around. that money printing increases the money supply, which decreases the purchasing power of the money - meaning inflation. Americans are retards if they actually think this is a good idea.

                                                        • David Nunnelee
                                                          David Nunnelee  5 days back

                                                          Taxes to companies would increase and they would raise prices and lay off workers to compensate.

                                                      • toku channel
                                                        toku channel  6 days back

                                                        Communism?

                                                        • richard klegin
                                                          richard klegin  7 days back

                                                          They need at least of $2k mo for everyone.

                                                          • dick castle
                                                            dick castle  1 weeks back

                                                            I wake up in an existential panic everyday

                                                            • noble dj gurney
                                                              noble dj gurney  1 weeks back

                                                              i bet yang watched this vid

                                                              • noble dj gurney
                                                                noble dj gurney  1 weeks back

                                                                99% of comments

                                                                yangang

                                                                • Frank playlist
                                                                  Frank playlist  1 weeks back

                                                                  SAD MY TAX DOLLARS GOES TO SUBSIDIZING THE CORPORATIONS AND BIG BUSINESS AND INDUSTRIES AND F 35s . SOCIALISM. F 35 WARBIRDS " SOCIALISM "

                                                                  • Joseph G. Hotto
                                                                    Joseph G. Hotto  1 weeks back

                                                                    "I don't wanna work"
                                                                    Republican: Don't want to work? Fine, No food stamps for you! Those who don't work don't deserve to eat! Get off your ass and start applying for jobs!
                                                                    Democrat: Don't want to work? No problem, we'll give you food stamps and welfare in the mail from the people that do.

                                                                    • 7/11 WAS A PART TIME JOB
                                                                      7/11 WAS A PART TIME JOB  1 days back

                                                                      us is broke and the taxes pay debt. the UBI will come from "quantitative easing" which is why it will ruin their currency. When the currency gets wrecked I will be like Pierre woodman traveling around america having sex with girls for $20.

                                                                  • Ian C
                                                                    Ian C  1 weeks back

                                                                    Ok. I like this idea now.
                                                                    And it might be worth a shot.

                                                                    • Sarah Almodovar
                                                                      Sarah Almodovar  1 weeks back

                                                                      communism

                                                                      • Nicholas Hernandez
                                                                        Nicholas Hernandez  1 weeks back

                                                                        YANG 2020 🇺🇸

                                                                        • Darth Nihilus
                                                                          Darth Nihilus  1 weeks back

                                                                          Whos going to pay for it

                                                                          • Samuel Kang
                                                                            Samuel Kang  1 weeks back

                                                                            Makes sense, the only problem I found about this video is the wealth gap. Every part makes sense except for that. Since taxes will probably be how you get the money from the wealthy, they will most likely use loopholes to get away from paying their share (which is wrong but can't really be prevented unless tax systems are made better) the burden, especially in places like the US will go almost entirely on the middle class which already happens. So maybe find a solution for that problem too and no one could refuse it.

                                                                            • Skidoosh Layman
                                                                              Skidoosh Layman  1 weeks back

                                                                              Let's make Google pay for UBI.

                                                                              • Nico Mas
                                                                                Nico Mas  1 weeks back

                                                                                Postmodernity and Dystopia: Social Positivism, Contrafinality, Social Engineering, Communism, Huxley and Orwell, Venus Project, Totalitarianism, Slavery, Failure.