Universal Basic Income Explained – Free Money for Everybody? UBI

Published 2017-12-07
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 Everybo

All Comments (21)
  • @kurzgesagt
    Head over to our shop to get exclusive kurzgesagt merch and sciency products designed with love. Getting something from the kurzgesagt shop is the best way to support us and to keep our videos free for everyone. ►► kgs.link/shopkgs (Worldwide Shipping Available)
  • @evanbobal710
    "16% of people actively miserable " 2020- lets pump those numbers up!
  • @Beaniez0
    I really like how they explained how making just 1 dollar more will cause you to lose your welfare and essentially encoruage passive/lazy behavior. My mom dealt with this while I was growing up and I always asked why she didn't just get a higher paying job - like the $1000-$1200 example - and this is why. People on welfare end up making less if they make to much, so they're stuck
  • @mjolnir_swe
    Im an engineer. If ubi was introduced, I would still work but take more time off. Spend more time with friends and family. Maybe engage in society/charity more. Probably take some courses and learn new things.
  • @ReySilverskin
    A $1000/month UBI would almost cut in half the number of hours I need to work to maintain my current income. I'd still work, but I could work fewer hours in a more personally and emotionally fulfilling job. My job and the full third of my life it consumes are a major factor in why I still struggle with clinical depression; a UBI would make me feel a whole lot better about everything. Shame it's so far from actually becoming a thing in America right now, but with a little bit (or a lot) of luck maybe I'll see it happen in my lifetime.
  • @iheartlreoy8134
    “How did you and mom meet?” “We reached for the same donut...”
  • @gunnyliu4515
    "Having money enables you to participate in society" No truer words have been said
  • @starforge5663
    While I have already left a comment on here, I remember the day that my financial algebra teacher showed this video to us in class. It was a great experience and when we were partnered up into groups after the video we had a great discussion about it. I think that the model of a UBI is better than welfare because of the points mentioned in the video. Also because of the discussion we had in class. While yes I think that we need to do a lot more research and testing into the model I think it will pay off in the long run. But that’s just my opinion and I’m not saying it’s correct.
  • @phantomstrider
    I hope I get to live to see UBI introduced someday. Would make alot of stressed, unhappy people alot more relaxed.
  • @trapskilla
    "instead of a ceiling, it creates a floor of which to lift yourself off." Perfect explanation
  • @QuarterCentum
    I had a tough time finding a job after I finished school and had to live with my family for a while; it got so boring! I realized pretty quick that even if I was rich or had UBI I would still work a job. At worst I would hold off until I found a job I liked which isn’t as hard as it sounds, especially when you don’t have to worry about whether you can live off your salary.
  • @JanieBee
    And it just makes sense. Americans, for example, pay for over 90% of total federal taxes and income taxes while corporations only pay around 7%. So welfare/UBI is not a handout, it’s a return on the people’s investments. It doesn’t makes sense that we all have to pay into this system for majority of our lives (with currency or labor) but if you fall on hard times and become impoverished or homeless, you are essentially left behind. That’s like paying for car insurance and then if you get into an accident the company fines and drops you
  • @AFKBIN
    Spongebob was one of the Employees of the Month. Pretty cool Easter Egg
  • @Grandflea02
    If I could work as a teacher, and not have to worry about eating 7 days a week if I also want Wi-Fi, I definitely would.
  • @cherrymarie8502
    I was signed off sick for a couple years because of chronic illness. The first year was great, I got to rest for the first time and focus on my health but it quickly gets boring and very isolating. And it lead to chronic depression and anxiety. I'm back in work and feel better now but struggling financially. UBI would be great for people like me with long term illnesses and disabilities who physically cannot work more but still need to live. And I'm more than happy for fully able-bodied rich people to get the same benefits if it means it helps everyone else. People will still work, or gain further education, have time for innovation. I genuinely think UBI should be implemented globally. Imagine how great this planet could be?
  • @JohnAranita
    If I would get UBI, I'd find or make a job that I love.
  • @CultureCrash
    I can never get enough of these visuals. Masterful work on this channel!
  • @Hemlock.
    The animations on this Channel are always so smooth and clear, imagine if every lecture, every class, every meeting could be explained and displayed like this.
  • I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it