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Universal Basic Income Explained – Free Money for Everybody? UBI

November 21, 2019

What if the state covered your cost of living, would you still go to work? Go back to school? Not work at all? What would you do? This concept is called a universal basic income or UBI And it’s nothing less than the most ambitious social policy of our times in 2017, basic income is gaining momentum around the world First trials are ongoing or on their way and a growing number of countries are considering UBI as an alternative to welfare How would it work and what are the key arguments for and against? Right now people can’t really agree. What universal basic income is or should be Some want to use it to eliminate welfare and Cupp bureaucracy Others want it as a free extra for existing programs, or even want it to be so high that work itself becomes optional For this video we’ll talk mostly about the minimum basic income enough money to be above the poverty line in the US this means about $1,000 a month or $12,000 a year The money would not be taxed and you could do whatever you wanted with it in In this scenario UBI is a way of transferring the wealth of a society while still keeping the free market intact But if we hand out free money will people just spend it on booze and stop working? A 2013 study by the World Bank specifically examined if poor people waste their handouts on tobacco and alcohol if they receive it in the form of cash The clear answer, no they don’t. The opposite is true Other studies have shown that the richer you are, the more drugs and alcohol you consume The lazy and drunk poor person is a stereotype rather than reality What about laziness? Universal basic income test runs done in Canada in the 1970s showed that around 1% of the recipients stopped working, mostly to take care of their kids On average people reduced their working hours by less than 10% The extra time was used to achieve goals like going back to school or looking for better jobs But if laziness and drugs are not a huge deal, Why doesn’t our current welfare state solve poverty Welfare or unemployment programs often come with a lot of strings attached Like taking part in courses, Applying to a certain number of jobs a month or accepting any kind of job offer no matter if it’s a good fit, or what it pays Besides the loss of personal freedom, these conditions are often a huge waste of time and only served to make the unemployment statistics Seem less bad Often your time would be much better spent looking for the right job continuing education or starting a business Another unwanted side effect of many welfare programs is that they trap people in poverty and promote passive behavior Imagine a benefit of $1,000 each month in a lot of programs if you earn a single dollar extra the whole thing is taken away If you take a job, that’s paying $1200 you might not only lose your benefits, but because of your taxes and another costs like transportation You might end up having less money than before So if you actively try to better your situation, and your total income is not improving or even a shrinking welfare can create a ceiling that traps people in poverty and rewards passive behavior A basic income can never be cut and therefore getting a job and additional income would always make your financial situation better Work is always rewarded instead of a ceiling it creates a floor from which people can lift themselves up But even if UBI is the better model, is it economically feasible? What about inflation? Won’t prices just rise making everything just like it was before? Since the money is not being created by magic or printers it needs to be transferred from somewhere It’s more of a shift of funds than the creation of new ones Hence; no inflation Ok, but how do we pay for it? There’s no right answer here because the world is too diverse How well-off the country is, what the local values are, Are things like high taxes or cutting the defence budget politically acceptable or not? How much welfare state is already in place and is it effective? Each country has its own individual path to a UBI The easiest way to pay for a UBI is to end all welfare and use the free funds to finance it Not only would this make a number of government agencies disappear, which in itself saves money, it would also eliminate a lot of bureaucracy on the other hand cutting them could leave many people worse off than before If the goal is to have a foundation for everybody there still need to be programs of some sort because just like countries, People are not the same The second way – higher taxes especially for the very wealthy In the US for example there’s been a lot of economic growth but most of the benefits from it have gone to the richest few percent the wealth gap is rapidly widening and many argue that it might be time to distribute the spoils more evenly to preserve the social peace There could be taxes on financial transactions, capital, land value, carbon, or even robots But UBI is not necessarily expensive According to a recent study a UBI of $1,000 per month in the US Could actually grow the GDP by 12% over eight years because it would enable poor people to spend more and increase overall demand What about the people who do the dirty work? Who will work in the fields, crawl through sewers, or lift pianos? If you don’t need to for survival, will people still do hard boring and unfulfilling labor? UBI might give them enough leverage to demand better pay and working conditions a study calculated that every extra dollar going to wage earners would add about $1.21 to the national economy While every extra dollar going to high-income Americans would add only 39 cents There would still be very rich and poor people but we could eliminate fear, suffering, and existential panic for a significant part of the population Making poor citizens better off could be a smart economic tactic For some this isn’t enough. They want a UBI large enough to live a middle-class existence If we set the financial obstacle aside, this idea fundamentally challenges, how our society is constructed By earning money, you earn the possibility to take part in society this determines your status and options But it also forces many people into spending huge chunks of their time on things they don’t care about in 2016 only 33% of US employees were engaged at work 16% were actively miserable and the remaining 51% were only physically present Would 67% of people stop working if they could? It would be unfair to portray work as just a chore work gives us something to do. It challenges us it motivates us to improve, it forces us to engage Many find friends or partners at work, we work for social status wealth and our place in the world We’re looking for something to do with our lives and for many people work gives them meaning There are other concerns with UBI If all welfare programs were exchanged for one single payment, this gives the government a lot of leverage individual programs are easier to attack or cut than a multitude or populist smite promise drastic changes to the UBI to get into power and a universal basic income doesn’t tackle all problems when it comes to equality Rents for example while $1,000 might be great in the countryside, it’s not a lot for expensive metropolitan areas which could lead to poor people moving outwards and the difference between rich and poor becoming even more extreme and of course, for some people, the concept of work itself not being essential for survival is appalling Conclusion So is the universal basic income a good idea? The honest answer is that we don’t know yet There needs to be a lot more research more and bigger test runs We need to think about what kind of UBI we want and what we’re prepared to give up to pay for it The potential is huge. It might be the most promising model to sustainably eliminate poverty It might seriously reduce the amount of desperation in the world and make us all much less stressed out This video was made possible by a Universal basic income provided by you, our viewers Ten thousand people around the world gift us a monthly income on You enable us to pay salaries and buy new hardware you enable us to make more videos And you enable us to spend more time on them Kurzgesagt would truly not be what it is today without your help You help us stay independent, and you give us the freedom to put quality before quantity Thank you so much


  • Reply Kurzgesagt – In a Nutshell February 8, 2019 at 1:57 pm

    There's brand new stuff in the Kurzgesagt Merch Shop. Check it out here:

  • Reply Bradly Brad November 16, 2019 at 5:45 am

    Bruh id still work on top of this id be rich!!!

  • Reply Bradly Brad November 16, 2019 at 5:55 am

    Vote for yang if this video touched you

  • Reply YourUglygod November 16, 2019 at 7:01 am

    They are trying this very successfully in Venezuela.

  • Reply 최현정 November 16, 2019 at 8:10 am

    Yang&musk Go!! ~~

  • Reply Purrscratchheadbutt November 16, 2019 at 10:58 am

    To be honest, I was quite skeptical in the last years regarding a concept of something like an UBI, but slowly but steadily it appears that something needs to be truly done over the mid- and long term regarding automatisation, robofication, wages that don't increase anymore, more people getting laid-off, old jobs dissappearust to name some. True, new kind of jobs would come into existence, but the number of them is ALWAYS less than the number of old jobs that disappeared. Not to mention that jobs are being created just "to keep people busy" is a very wrong and disturbing development: it is economically and financially wasteful, inefficient and plain insensible to keep up artificial employment that have no actual economical, net-added value to the real economy. Jobs that technically have NO use at all in society. Inshort, something need to happen in the upcoming decade. Let's see to it that the 2020's are going to be a genuine economical and social-political shift for the better.

  • Reply julio espin November 16, 2019 at 1:51 pm

    would have extra cash and not worry about my rent each month. my daughter and I could have a less stressful life.

  • Reply Splatterson Gamer November 16, 2019 at 1:55 pm

    *gets UBI*

    the IRS wants to know your location

  • Reply mo cho November 16, 2019 at 2:39 pm

    UBI will make government even bigger than it already is. Can we trust government after it owes $20 trillion to the world and environment?

  • Reply AHugePatrioticRightWing November 16, 2019 at 2:51 pm

    I can't believe they came out as a liberal.

  • Reply Dildo Swaggins November 16, 2019 at 5:06 pm

    Wait but if the studies are temporary then why would people leave their jobs? They know it’ll end soon, and if they quit they’ll lose their jobs for the time after the study ends.

    I don’t think the studies accurately depict the results.

  • Reply Izak Newton November 16, 2019 at 9:43 pm

    That just sounds like communism with extra steps

  • Reply Dan Doperganger November 17, 2019 at 1:54 am

    He who does not work does not eat Thessalonians 3:10

  • Reply Giovanni Blablabla November 17, 2019 at 6:02 am

    Andrew Yang!

  • Reply madenkind November 17, 2019 at 10:41 am

    Financial worries are the biggest worries one could have, not knowing from what to pay the next bill. UBI would be ha huge personal lift for everybody not to have these worries anymore, especially in the US where you can get fired from one day to the next. In Germany where I live that would be unthinkable. If you get fired you have at least a month of still working for your employer and got time looking for a new job. We have a social system that helps people lose their job with welfare. It's often not much but you don't sit on the street right away. UBI would be a great thing erasing some of the fundamental fears of society and give people a chance (and free time) to do what they really want, be it playing in a band, writing a book, getting higher education or creating a new business.

  • Reply Stiltzkin Vanserine November 17, 2019 at 1:34 pm

    Robert A. Heinlein disliked this video. 😂😂😂

  • Reply Master _tek14 November 17, 2019 at 2:29 pm

    Capitalism already helps the whole population in a country it’s a slow process but always helps. Taxing the super rich is a horrible idea it leads to nowhere and never helps.

  • Reply johnd d November 17, 2019 at 3:43 pm

    Adding the same amount to everyone in an economy has no effect as it creates inflation. A rent of 1000/month will become 2000/month if everyone was given 1000 every month. Same with all goods. Eventually you'd need to work and earn the same, because all prices would jump by their utility equivalent of 1000/month.
    Very misleading video

  • Reply Alex Yeager November 17, 2019 at 4:37 pm

    That no inflation explanation is kinda BS. You’re changing the amount of spending money drastically for millions of people. That will cause inflation for goods that everyone buys, such as housing.

  • Reply Jason & Chubs November 17, 2019 at 5:20 pm

    1000$ barely covers half my rent. So I guess it would help

  • Reply Othain Moran November 17, 2019 at 6:41 pm

    Mine a astroid rich with gold and diamond to start ubi

  • Reply just a very curious gen z kid November 17, 2019 at 7:02 pm


  • Reply Mr. Loaf November 17, 2019 at 7:26 pm

    This is why Andrew Yang is the Democratic candidate we need

  • Reply mason kahl November 17, 2019 at 8:00 pm

    Communism will work this time for sure!

  • Reply Migel Vazkez November 17, 2019 at 8:12 pm

    Just say black people. Its rude to say lazy,etc…

  • Reply Xan the Dragon November 17, 2019 at 8:50 pm

    It's an interesting concept for sure. This is one of the first Kurzgesagt videos to not leave me feeling for one side or the other. Just as clueless as anyone else is, I suppose 😛

  • Reply Max Hess November 17, 2019 at 8:54 pm

    Andrew Yang:
    Watches Kurzgesagt,
    Runs for President

  • Reply phillipe smith November 17, 2019 at 9:37 pm

    The minimum amount you can get is 1000 and as you make more money when you're able to make say 80000 or 100000 etc. a year without ubi then bring the ubi amount you receive back to the minimum amount of 1000. Then for newborns theyll get an ubi savings account that'll they'll be able to use when they're 25 ot 30.

  • Reply diego herrera November 17, 2019 at 9:40 pm

    hey guys excellent video, can you please make a video about "PROJECT VENUS". I think it worth it

  • Reply omzig18 November 17, 2019 at 9:44 pm

    Take from this what you will but this video is inherently biased reason being where ever the researchers live the welfare state maybe vastly different than where the ones watching it live. I dont think ubi or even welfare is fair to everyone the bottom line from my point of view is if you want something go work for it. Yes I know how hard life can be because I have been homeless but take what you can get and move up from there.

  • Reply Kateregga Badru jnr November 17, 2019 at 10:36 pm

    How do you send this to Elon Musk🥺. Someone send him this

  • Reply Proksimity November 17, 2019 at 10:39 pm

    Kurzgesagt: does deep dives into complex physical concepts

    Also kurzgesagt: we need communism

  • Reply lionpersia November 18, 2019 at 12:50 am

    I actually liked this channel until I came across this video. Disliked the video. Turns out you're also a filthy liberal dog.

  • Reply casey b November 18, 2019 at 1:03 am

    8:32 I hate these people. Every job I've ever worked there is at least one of these tools around. Usually some 50 year old assistant manager who never shuts up about how lazy everybody else is.

  • Reply Gut Eater November 18, 2019 at 1:12 am

    Just work in a retail , and you a pretty much miserable .

  • Reply Mike Kloppel November 18, 2019 at 1:27 am

    Henry Hazlitt is rolling over in his grave right now. "The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it."

  • Reply Wes Hartley November 18, 2019 at 3:40 am

    The bigger danger than people spending UBI on drugs and booze is companies increasing their prices to take advantage of the free money burning its way out of people’s pockets. Run away inflation will simply make UBI useless.

  • Reply Kaodite November 18, 2019 at 4:23 am

    Fuck poor people and ALL welfare in general. You don't get money for just existing. You aren't "shifting" my money to yourself. Get a god damn job.

  • Reply Popular Star November 18, 2019 at 4:46 am

    I don’t know about this chief

  • Reply Popular Star November 18, 2019 at 4:47 am

    All the rich people are entrepreneurs who got themselves there the rich people will just move somewhere else

  • Reply Popular Star November 18, 2019 at 4:48 am

    Give them the 12000 per year so that they can grow other wise it just makes them more if fools

  • Reply TheClassicalSauce November 18, 2019 at 5:04 am

    If the best you can hope for is UBI, that is, 12k a year, you're truly pathetic.

  • Reply The Absolute Madman November 18, 2019 at 5:31 am

    So the idea is to make the rich pay for other people to sit around? Think about that for a second. You, a rich person working 60-hour weeks and hardly having the time to see your family, are paying for other people to dope around. Why on Earth would a rich person decide to play that game? Any intelligent rich or entrepreneurial person would likely leave any country that offered their profits up for free. “Let’s take other people’s money by force” is not a long-term sustainable plan. No one wants to be the working cow getting milked by everyone else.

  • Reply mat smith November 18, 2019 at 7:10 am

    0:50 if work was optional nobody would work

  • Reply Estrangeiros Tradicionais November 18, 2019 at 7:30 am

    wtf is this video?

  • Reply Dan Wright November 18, 2019 at 7:37 am

    Probably should have consulted with so economists to get the whole story here. When you take money from the rich, who are not circulating much of their wealth, and add it into circulation, you DO get inflation.

  • Reply SurleyBlaine November 18, 2019 at 8:37 am

    The basic problems with this idea are, nobody gets $1000/month on welfare, they live well below the poverty line. Also, there are always people that want more and more for their services. Workers want more, the company doesn't want to give up a portion of its profit, charges more for its services, the company sees profit, gives itself a raise. Owners of rental units see the other guy raise its rates, puts their's up, tenant can't afford it.

  • Reply hyou zan ren November 18, 2019 at 8:39 am

    Yang gang for president!

  • Reply broccolidood November 18, 2019 at 8:55 am

    How about giving you gradually less money until you get as much as UBI? If you make 0$, you get x$. If you make 1$, you make x-1$ etc. Then again, it'd also promote passive behavior. How about if you make 1$, you get somefunction(x)$

  • Reply Keith Whitty November 18, 2019 at 9:58 am

    This is one step closer to creating a world worth living in. I'm disalusioned with the fact that banks rule the world. Rothchilds and Rockafellas.

  • Reply Herren K November 18, 2019 at 1:37 pm

    I have been thinking about this and didnt know if anybody else had.

  • Reply Viktor Andreev November 18, 2019 at 2:05 pm

    Wait that's communist

  • Reply Dinheirisses November 18, 2019 at 2:11 pm

    What would stop te rich to pass the extra taxes they'll pay to the poor thru more expensive products and services?

  • Reply Titomme November 18, 2019 at 3:31 pm

    Is it a second version of communism?

  • Reply Juan Velez November 18, 2019 at 3:41 pm

    Sooo kursgezat or however you spell this shit is socialist

  • Reply MrWildbill47 November 18, 2019 at 4:13 pm

    This is pretty much pure BS as the experiment run in the Netherlands proved and a similar experiment in the UK also proved as it crashed and burned. The problem is a lot like communism, it sounds good on paper but then sadly it involves people who then corrupt the heck out of it.  We already have many that have settled for the existing welfare, they don't work and don't plan on working because they can live with the situation with the money they get. Also note that the information on drug and alcohol use is 100% wrong, the highest drug and alcohol abuse is in the poorer demographics.

  • Reply Roy Jaskowski November 18, 2019 at 4:17 pm

    Ubi is communism… it doesn’t work no matter how you repackage it or try and keep quasi-capitalism to make it float for a while longer. More folks in the cart than pulling results in failure.

    The only edge this proposal has and presses hard is the motivation issue. But the costs mean that taxes will be high if you do work and earn above ubi so there’s the disincentive and why it collapses. Why work if that work is taxed, do a hobby or raise a family or study for fulfillment but work isn’t worth the effort.

  • Reply ScoutiverTTV November 18, 2019 at 4:43 pm

    As a student reaching for a high income job, it worries me that my work towards it will be in vain if i get punished by higher taxes.

  • Reply ScoutiverTTV November 18, 2019 at 4:46 pm

    Immigration and dreamers intensifies

  • Reply Kannon November 18, 2019 at 5:18 pm

    We tax the fucking rich.

  • Reply Jel November 18, 2019 at 6:56 pm

    lol all the people commenting Yang Gang despite the fact he has said it would be an "alternative" to our current welfare system yet is not nearly enough for people on the system.

  • Reply Tyler Hovind November 18, 2019 at 9:01 pm

    convenient how when surveying how people spend handouts no one surveyed Indian Reservations where the get tribal dividends.

  • Reply Honk Honk November 19, 2019 at 1:06 am

    Tax automation isntead of corporations in general. we keep abusing small bussinesses in attempts to regulate big corporations. If we tax a company for automating something and using those funds for a UBI, we could possibly create an incentive for companies to use human workers instead.

  • Reply Honk Honk November 19, 2019 at 1:12 am

    Yang seems alright, just we dont need UBI right now at this moment. Maybe later we might need UBI but just not right now.

  • Reply Abdullah Tshabal November 19, 2019 at 2:33 am

    guillotine the landlords and the mega-rich, cut the military budget by at least (especially the US) 75%. nationalize energy/water, minerals, public transit, housing, education, medical care, require all able bodied people 18+ to work. also dont infringe on my right to own a triple-barreled rotary machinegun

  • Reply Lilllate November 19, 2019 at 2:46 am

    Kurzgesagt: Makes unintuitive claim with provided sources.
    Comment: Says they’re wrong without checking said sources or providing sources of their own.

  • Reply Scott Aveles November 19, 2019 at 4:41 am

    …and here I've just been calling it theft!

  • Reply Nicholas Ventenilla November 19, 2019 at 10:32 am

    Make America Google AndrewYang

  • Reply WipeOut November 19, 2019 at 11:27 am

    kurzegesagt is growing yaay <3

  • Reply Tayzlor November 19, 2019 at 1:21 pm

    You kurz idiots apart from taxing the rich who under the Pareto principle are making the value in society, they will print the money to give everyone the $1000 of course it’s inflationary ffs

  • Reply Howie Dahlen November 19, 2019 at 3:47 pm

    Fuck yang and all you fucking marxists

  • Reply peja November 19, 2019 at 4:09 pm

    Just do communism.

  • Reply Christopher Poole November 19, 2019 at 10:36 pm

    Yang is shit

  • Reply SpaceTech Empire November 19, 2019 at 10:48 pm

    And think it could stop some civil unrest and riots.

  • Reply Larry H November 20, 2019 at 12:59 am

    Why would I work if I had money? I work for money.

  • Reply Leitten Art November 20, 2019 at 4:14 am

    2:15 everybody

  • Reply Tuấn Hải November 20, 2019 at 5:32 am

    And let me guess: In order to get EVERYONE the basic universal income, tax will be raise 70% more than it is now. Free money is not real because there is no free stuffs. Where do you guys think free money come from? FROM THE SKY? FROM THE THIN AIR?

  • Reply jin choung November 20, 2019 at 7:30 am

    you address possible benefits. what are the possible unintended consequences and negative consequences? as for your take on no inflation – look at san francisco – nobody is printing money but a concentration of wealth creates bubbles of inflation. raising the floor could do the same thing.

  • Reply Hoperandi November 20, 2019 at 12:04 pm

    Its fucking stupid, we who work should not have to cover tlhe cost of those to lazy to dont.

  • Reply ITCHY GINGI November 20, 2019 at 12:06 pm


  • Reply FilmNitrate November 20, 2019 at 3:21 pm

    I can't wait until the Yang campaign ends.

    I'm not Anti-UBI, but I am Anti-Yang.

  • Reply One Two November 20, 2019 at 3:35 pm

    Lol, no.

  • Reply One Two November 20, 2019 at 3:42 pm

    6:46 The Simpsons

  • Reply Daniel Torres November 20, 2019 at 4:36 pm

    I personally think It would work in the short term, but in the long run it would fail.
    People are too complex to assume that most of them would react in a way… plus it would cause inflation in the long term.
    In my opinion we cant end poverty, but we can help people that whant to get out with the whays to do it (principally with good education and security).

  • Reply Joe Ivo November 20, 2019 at 4:39 pm


  • Reply Klipklapklop • November 20, 2019 at 4:49 pm

    UBI for a well off country with a welll educated and morally sound values would work

  • Reply Lol Gamer November 20, 2019 at 5:03 pm

    Well that just sounds like communism with extra steps

  • Reply Gal.Sa November 20, 2019 at 5:19 pm

    It didn't work for communist russia.

  • Reply Derp ToTheMax November 20, 2019 at 6:08 pm

    Can anyone explain how inflation would not nullify the UBI? If you live around a military post in the US, your rent will go up alongside the housing allowance that the military gets. It's pretty terrible… So if UBI was a thing, I would expect my rent to go up to about whatever they set it at.

  • Reply Chedid Kamal November 20, 2019 at 6:44 pm

    THE real question is: why should we solve poverty ?

  • Reply TheJrade November 20, 2019 at 7:53 pm

    One of the worst videos you've ever done. You should keep your personal politics out of your videos. When you say, "Most of economic growth…" you are perfectly highlighting how the Socialist movement is about simple greed rather than altruism, so maybe keep going with that.

  • Reply TheeBohemian November 20, 2019 at 9:16 pm

    This is not an effective solution. As increasing automation and weak AI continue to self-improve at what could be best described as an accelerated rate of artificial evolution, there will continue to be more occupational losses for humans wherein UBI will be aggressively expanded in order to compensate for the shortfall in acquired wages and spending power; thus becoming locked in a state of utter dependancy with virtually no alternatives but to continue to substitute lost income from massive job extinction. Yet in a bid to get ahead of the curve, private businesses and financial institutions of all kinds will obey the post-corporatist maxim of hyper-competition, characterized by maximizing profits in all instances no matter how trivial and excising redundancies, lest they be outpaced by rapid technological progress. Consequentially, as human consumers fail to meet expectations and inflated economic forecasts, automated purchasing will not only make recommendations to the human consumer, they will effectively make the purchases for them; satisfying supply with artificial demand in a vicious cycle. At this point, the economic system will have achieved independence from human involvement, or perhaps such involvement will be interpreted as inefficient interference, whether intentionally or not, by successor machines. Not saying this is inevitable, yet it is the most probable outcome given our current trajectory.

  • Reply Terilkin Flamewood November 20, 2019 at 10:18 pm

    But the government is funded by taxes from the people. How's the government going to get cash in the first place if it's reversing taxes?

  • Reply CrispyPhoenix November 20, 2019 at 10:25 pm

    But the top 50% of America pay 97% of taxes! If we want more government funding we need to cut some of Social Security and Medicare

  • Reply DOGE YT November 20, 2019 at 11:48 pm

    Communist 100

  • Reply TheLeadhound November 21, 2019 at 12:41 am

    Yeah, the negative income tax is better than existing welfare programs. But you are not going to cut those programs. This is just going to be stacked on top of existing welfare.

  • Reply Zach Reeder November 21, 2019 at 2:58 am

    Love your videos 😍😍😍

  • Reply Siwon November 21, 2019 at 5:19 am

    UBI was tested last year in where I live, didn't work as planned.

  • Reply Hans Luger17 November 21, 2019 at 6:08 am

    UBI Fascism.

  • Reply amonducius November 21, 2019 at 6:19 am

    Talk about turkeys voting for a second Thanksgiving. That dismissal of inflation was beyond pathetic. UBI will cause everything to become more expensive, whether you print the money, borrow it, or redistribute it. You think taking away a millionaire's yacht money and giving it to a thousand people to spend it on gas and groceries won't effect prices for everyday items that working class people buy? My goodness, what a mess. I would like to think that it would work, but it won't. UBI is just another stunning example of pretentious mediocrities in media, academia, and politics foisting their doomed economic theories on a gullible and severely misinformed public.

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