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
    http://bit.ly/2gfkwsN

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

    The Poverty Trap
    http://bit.ly/2iCv9cK

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

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

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

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

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

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

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

    Cash as Capital
    http://bit.ly/2rGvlgZ



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    Universal Basic Income Explained – Free Money for Everybody? UBI

Comments • 38 080

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    • NPC 86740296
      NPC 86740296  9 hours back

      @Frank playlist YOURE A FUCKING PIECE OF SHIT LEARN HOW TO UNTOGGLE CAPS LOCK

    • NPC 86740296
      NPC 86740296  9 hours back

      @Frank playlist BULLSHIT

    • NPC 86740296
      NPC 86740296  9 hours back

      @Frank playlist TURN CAPS LOCK OFF YOU ILLITERATE SHIT

    • NPC 86740296
      NPC 86740296  9 hours back

      @Frank playlist lol turning 1million into 7 billion makes him lazy? Lol retard god you're stupid, tiny hands? His fingers are around 8mm shorter than the average male hand his pinky to thumb length is slightly below average, ha it's funny how you criticise trump for small hands not his policies.

    • nolesrbin94
      nolesrbin94  2 days back

      When I finally finish uni and get paid, I'm sending you guys some support. You really deserve it

  • D K
    D K  1 hours back

    I've never been given anything in my life, I work very hard for my 90k a year and need that money to feed and clothe my family. So you think I should give it to someone who is too lazy to use a little elbow grease? My friends complain about how much more I make, but when I tell them the company is hiring new employees they say "I don't want to do that" I like your channel, but not this video.

    • ron gants
      ron gants  3 hours back

      You keep saying "wealth transfer". What you MEAN is "expropriation of producers".

      When you rely on the Government to write you a check, they will control what you say, do, and think.

      • A M
        A M  5 hours back

        There’s nothing more powerful than an idea who’s time has come. YANG2020!

        • Matthew Brown
          Matthew Brown  9 hours back

          I honestly have no idea is this would be feasible in America, but I am on board for the research.

          • NPC 86740296
            NPC 86740296  9 hours back

            Sadly the nomination will be rigged against Yang, same thing that happened to Bernie, warren or Biden will steal it, it's a goddamned Shame.

            • Jakob Løkke
              Jakob Løkke  10 hours back

              Petetion for the government to fund Kurzgesagt so we can have daily uploads

              • B V
                B V  10 hours back

                “10 million caregivers aged 50+ who care for their parents lose an estimated $3 trillion in wages, pensions, retirement funds, and benefits. The total costs are higher for women, who lose an estimated $324,044 due to caregiving, compared to men at $283,716. Lost wages for women who leave the work force early because of caregiving responsibilities totals $142,693. [MetLife Mature Market Group, National Alliance for Caregiving, and the University of Pittsburgh Institute on Aging. (2010).“ The MetLife Study of Working Caregivers and Employer Health Costs: Double Jeopardy for Baby Boomers Caring for their Parents.]

                Ask the people cutting their work hours or leaving their jobs altogether, what an extra $1000/mo would mean to them. Caring for a loved one is a huge burden and currently has zero value. The Freedom Dividend would take the stranglehold off the caregiver and I haven’t even mentioned the financial burden of the actual patient. VAT + UBI isn’t a cure all end all but it’s a start.

                • The Mad Cow
                  The Mad Cow  19 hours back

                  What a load of gullible naive wishful lazy hogwash shit. This is a variation of welfare with a new name.. Lazy people will do nothing and receive free money while workers get taxed more to pay for this shit and the wealthy will pay a little to keep the workers at bay.. Fuck off with your smoke and mirrors future visionary fairy tale bullshit sales pitch promising the freedom to do nothing and receive everything. The global economy is driven by slaves while the developed world wears a blindfold every time it goes shopping.

                  • Harvey Davenport
                    Harvey Davenport  2 hours back

                    Oof sorry
                    Guess youtube is garbage and is censoring everything

                  • The Mad Cow
                    The Mad Cow  2 hours back

                    @Harvey Davenport no.

                  • Harvey Davenport
                    Harvey Davenport  3 hours back

                    Your reply is censored for some reason, can you repeat but you know try to not get censored

                  • Harvey Davenport
                    Harvey Davenport  3 hours back

                    The Mad Cow maybe don’t blame the youtube blame the people encouraging it this channel may be bias at some points however it is fact, also they have studies in the description. Yes I do agree that people should work to earn money, but this is a good solution for those unable to physically work. But my general point is to not blame the channel but blame the people wanting to make this happen.

                • Swiftless .B
                  Swiftless .B  19 hours back

                  I was curious about the poverty line here in Norway because of this video, and since I live there and I did some research,.apparently, the poverty line in Norway is 20885 USD a year which is 1740 USD a month.


                  I also found out that if you don't have enough money at the end of the month to buy what you want, after paying for all of the daily necessities (like food housing cloth etc) you are considered to be living in poverty here in Norway.


                  Growing up I remember that some years my parents did not have enough money for my sis and I to go watch the cinema or for hobby like sports or painting. I guess we lived in poverty for some years relative to the Norwegian poverty line. Which is crazy because I had a pretty normal childhood growing up, except for those years I couldn't go to the cinema, but it wasn't bad either we had a roof over our heads and food.

                  • Paul Wittekind
                    Paul Wittekind  20 hours back

                    We already have it.
                    We give it to Israel.

                    • Geass Sogeki
                      Geass Sogeki  20 hours back

                      everyone is talking about Yang but Elin Musk comes to mind for me

                      • Sebastian Wescott
                        Sebastian Wescott  21 hours back

                        Hmm maybe if we cut the military spending by just a few percent as well as remove some welfare programs it would make enough room for UBI

                        • Dustin Mock
                          Dustin Mock  24 hours back

                          The irony of mocking populists in a video about giving out free money isn't lost on me.

                          • Kevin Gunngunn
                            Kevin Gunngunn  1 days back

                            No..no no..they want to create,Marxism.then they can put you in cattle pen.then gas chamber.

                            • LIL BLISS
                              LIL BLISS  1 days back

                              Can someone inform me (no sarcasm) how we gonna get 3.6 trillion dollars collectively for every American. (Each American has 12,000).

                              • Light
                                Light  1 days back

                                Value added tax. Over 160 countries uses it. It taxes wants not needs and can be structured to tax luxury goods more heavily while exempting consumer staples like food, clothing, and medicine. If combined with ubi the poor would not be hurt by this.

                            • Jesse Aaron
                              Jesse Aaron  1 days back

                              This is a terrible idea, and I'm broke.

                              • شيخ جوجل
                                شيخ جوجل  1 days back

                                I hope for an income-based UBI with a base of $1k a month. Meaning the less you make the more the government gives to you (with a limit, of course) on top of that $1k a month.

                                • شيخ جوجل
                                  شيخ جوجل  1 days back

                                  Well, we now know who Kurz is voting for

                                  • Leonardo Da Kimchi
                                    Leonardo Da Kimchi  2 days back

                                    Too bad America, the majority of Americans are easily manipulated and are uneducated, so this is just a pipe dream. Young people always are always hopeful until reality slaps them into paying taxes.

                                    • one tome plz
                                      one tome plz  2 days back

                                      Sounds communist don’t like it

                                      • one tome plz
                                        one tome plz  2 days back

                                        I feel like if your worth more than 500k you don’t get it

                                        • Run
                                          Run  2 days back

                                          andrew yangs ubi costs more than the gdp of the united states. he is a fraud!

                                          • Hayden Hooge
                                            Hayden Hooge  2 days back

                                            Commies
                                            Commies everywhere

                                            • Justice Warrior
                                              Justice Warrior  2 days back

                                              Yang Yang gangbang idiot doesn't know shit about economics!!
                                              Give everyone 1000 month and the inflation would turn your country into Venezuela!!
                                              Dollars would be as good as toilet paper!

                                              • Justice Warrior
                                                Justice Warrior  6 hours back

                                                @Light
                                                A leftist moron you are

                                              • Light
                                                Light  1 days back

                                                Do your research. Yang is not printing money. He's using money already in the system. For example, If everyone get 1000 tax credit it does not cause inflation.

                                            • A French
                                              A French  2 days back

                                              If people get money they dont need to work if they dont need to work they wont work. So no one would be working but they have money so nothing would be done making either huge inflation or destroying the economy

                                              • Blockistic
                                                Blockistic  2 days back

                                                Do we have you to blame for Andrew Yang?

                                                • Benjamin
                                                  Benjamin  2 days back

                                                  Id join UBI for research. I kinda like the idea of not stressing and being able to pay my rent. Then using my income for future goals.

                                                  And the part about how welfare forces people to be lazy is so true. A guy at my work a casual employee is on welfare. Welfare gives him 500-600$ aud per week and about 250-300$ from his regular 2 shifts. If he gets extra work or holiday rate pay he in a week he looses the welfare then he can't afford to pay rent and general expenses. So instead he just does those 2 shifts and gets that welfare. And spends the rest of the week doing nothing and wasting time.

                                                  • i want yum
                                                    i want yum  2 days back

                                                    there's something like this in my country...








                                                    but many people abuse it because only some people can use it and it comes from peoples taxes. It also doesn't work if you owned, or own a company.

                                                    • TheSpaceman
                                                      TheSpaceman  2 days back

                                                      Taking money from "the rich" doesn't make sense to me. Everyone seems to think that those who are rich are those that have more money than them. High-middle class citizens tend to define themselves as average and the Kardashians as rich, where low-middle class people define themselves as average or poor and the high-middle class as rich. Who is rich is entirely up to individual perceptions. That's why the idea of taxing "the rich" is too vague of a definition that it's way to dangerous to vote for. If "the rich" is everyone that makes more than $100 a month, than almost everyone is getting hammered with insane taxes to help a small percentage of people.

                                                      • JizzyJ Jarold
                                                        JizzyJ Jarold  2 days back

                                                        UBIs are for snowflakes

                                                        • TheJediOutcast
                                                          TheJediOutcast  3 days back

                                                          If were being honest, i'm in my 20's, all I wanna do is work a part time job and get my 1K a month, that's it. I don't care to work full time, I want time to live my fucking life, chase my passions, and practice my hobbies. (drawing, guitar, fighting games) I don't care to travel and see the world, I don't care about owning a nice 3-4 bedroom home (you don't even own your house, you literally pay property tax till the day you die, so is it ever truly yours) I don't care about driving a fancy car. I just want a small apartment, oatmeal, ramen noodles, and the occasional fast food night out.
                                                          Seems like the only way to escape the 9-5 job is to get a following on the internet, launch a successful business (easier said than done) or go pro at something these days. It doesn't make me lazy either, a lazy person is someone who doesn't wanna do anything with their life. Working a shit 9-5 job doesn't mean you have a life.

                                                          • ahsan raza
                                                            ahsan raza  3 days back

                                                            This also won the Nobel prize for economics!

                                                            • your mom
                                                              your mom  3 days back

                                                              "Would you still go to work?" <--- FUUUUUUCK No.

                                                              • TheSpaceman
                                                                TheSpaceman  3 days back

                                                                This is a really bad idea. If this works the way I've heard many people say it will (using tax dollars), then that means we'll be paid by other people and we'll pay for them. Now what's the problem with this? Because it's not a direct exchange, the government can shave off portions of the taxes for itself under our noses, spend some of the taxes on other projects, and in the end just giving less total money to the people than was actually given to the government through taxes in the first place. If you want something done fast and done efficiently, do it yourself, or at least try not to trust that this person will tell this person to tell this person what to do with your money. Using this principle, we can vote for many government services to be turned into jobs so that poor people can gain money. Getting extra money aside from your job for doing nothing is not an incentive to do better, unless you have an inferiority complex and feel looked down on. The lack of money is what incentivises people to work harder. And what if they literally can't find a freelance job or a foreign job or just a job to work hard at? (which is really rare because there are still many jobs worldwide) They can vote to take government out of things we can do by ourselves, like take care of the environment or manage scientific advancement. Giving money to the government for doing nothing has the same result as if it happened to us. It's not an incentive to do better. In short, just be careful when throwing wads of cash at something you don't understand. Know exactly where your money goes and see that it goes there. If not, don't take the risk.

                                                                • Lang
                                                                  Lang  3 days back

                                                                  Yang 2020

                                                                  • Goldfish
                                                                    Goldfish  3 days back

                                                                    yang gang

                                                                    • Beastkingzetta
                                                                      Beastkingzetta  3 days back

                                                                      Cut off WELFARE & keep UBI

                                                                      • we humans need nothing but Peace&joy

                                                                        Yea Ubi could work if the goverment stops being retarded😅

                                                                        • Sullivan Burbridge
                                                                          Sullivan Burbridge  3 days back

                                                                          NO MORE FUCKING TAXES OR I'LL LOSE MY SHIT

                                                                          • Speaker of TheDeep
                                                                            Speaker of TheDeep  3 days back

                                                                            Kurzgesagt has never been to Seattle Washington. Or California.

                                                                            • Biednymaniek
                                                                              Biednymaniek  3 days back

                                                                              She didnt get enought shooes

                                                                              • Biednymaniek
                                                                                Biednymaniek  3 days back

                                                                                Thats nö good for my healthly 🙄

                                                                                • Nxort
                                                                                  Nxort  3 days back

                                                                                  Socialism! 😌

                                                                                  • Scion of Madness
                                                                                    Scion of Madness  4 days back

                                                                                    The People's Republic of Haven found out where this ultimately leads.

                                                                                    • foozle bagel
                                                                                      foozle bagel  4 days back

                                                                                      Mabey we're thinking about this too conventionally. If automation expands far enough we won't actually have to work for money as everything we need to survive can be produced through automation. we won't even need the concept of money anymore because everything could be made automatically and for free. However, human progress will not be hindered by not needing to work for survival. People will still be driven to make new discoveries and innovations by fear of their own mortality and the drive to create a memorable legacy

                                                                                      • Pamela Homeyer
                                                                                        Pamela Homeyer  4 days back

                                                                                        I am 66 now and collect my Social Security so I would do part-time volunteer work for free

                                                                                        • rickyay26
                                                                                          rickyay26  4 days back

                                                                                          Guys vote yang. But also he needs to get through the primaries so vote at that time also. This is important

                                                                                          • JR R
                                                                                            JR R  2 days back

                                                                                            Next stop, Venezuala 😂