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  • the freedom dividend universal basic income or ubi the old but somehow still

  • futuristic idea to just make sure people have enough money that the streets of LA

  • don't look like this

  • that's a future enactment of what happens when the government's in charge

  • of creating all the jobs that's Bernie Sanders proposed Federal jobs guarantee

  • or fjg to keep power in the hands of the government UVI unlike fjg puts power in

  • the people's hands to create the jobs of the future that are more meaningful to

  • them ubi seems very futuristic probably because it's never been done before

  • except in experiments Finland gave 2,000 people a basic income for two years but

  • two years isn't long enough people make very different decisions about things

  • that are temporary versus permanent I mean you don't bring your tinder date to

  • Thanksgiving dinner this is part two of my series on automation ubi and Andrew

  • yang click somewhere up here to watch part 1 in it I talked about how

  • automation will decimate 30% of jobs in the next couple of decades and Andrew

  • Yang's plan to help Americans turn lemons to lemonade until they make a

  • robot for that too so today I'm gonna focus on how the freedom dividend would

  • be paid for and why it's a thousand percent better than socialism at getting

  • us to that Star Trek type future we want and I take it to the streets of

  • Hollywood to see who wants a free thousand bucks a month

  • spoiler everyone wants it and they're gonna need it because we're in the

  • neither car welcome to neither curve don't get left in the past hit subscribe

  • to stay up to date on the cyborgs avocation of the economy if I make you

  • laugh or you learn a little something or both and you feel like supporting the

  • show I put together some merch on teespring

  • and you can check out the description for links to patreon PayPal Krypto or

  • just share this with someone you think I'll like it let's get into it

  • Automation it's the reason people can afford Tesla's it's the reason you're

  • spending a lot less time in line at Target and more time buying underwear in

  • your underwear and I suspect it's the reason my girlfriend took so long in the

  • bathroom last night who likes candles to brush their teeth

  • anyway there's a lot more at stake here than just my manhood

  • Andrew yang thinks capitalism itself could be the victim I like to quote my

  • friend Eric Weinstein who said we never knew that capitalism was going to get

  • eaten by its Sun technology it's true technology thrives on capitalism and

  • yeah capitalism alone might make us kind of

  • unhealthy but pure socialism would be like putting Cookie Monster on an all

  • kale diet he'd waste away to nothing and

  • eventually probably start murdering journalists if only there was someone

  • sensible who could explain that if we mixed in a salad here and there we could have our cookie and eat it too.

  • Andrew: The fundamentals that we assumed to be true about capitalism are now breaking down and technology is the accelerator

  • Bernie: socialism

  • Andrew: I get it. If you come of age in this era Bernie: Socialism Andrew: and you just see this...

  • Bernie: Socialism Andrew: ...inhuman version of capitalism you would think give me anything that's

  • the opposite of this.

  • Bernie: Socialism.

  • Andrew: The vision that if we just scrape profits back from Wall Street all will be well...

  • Bernie: Socialism

  • Andrew: ...does not take into account the Bernie: Socialism

  • Andrew: ...economic transformation that we're in the midst of. I'm a CEO and business person I love

  • capitalism this is capitalism where income doesn't start at zero and having

  • money is actually good for business good for the consumer economy good for markets

  • Emmett: huh. Kermit sounds eerily similar to Andrew Yang. Now someone just needs to

  • tell SNL's new cast member bowen yang because so far he's been doing an

  • impression of a white person doing an impression of an Asian person he's

  • squinting I'm literally giving free money to

  • people and I'm still in sixth place I don't know if it is but it feels racist

  • which I would like to joke about being offended by but won't because... the internet.

  • But let's get into it. Andrew how much is this thing gonna cost

  • headline cost about 3 trillion dollars a year and where does he think all this

  • money's gonna come from well you guys are not gonna believe this

  • Mexico is gonna pay for it they're gonna pay for our UVI yeah Andrew yang figure

  • it out that's how you make a deal kidding but if he would just say that

  • he'd be elected yesterday also how much will this cost is not even the right

  • question the right question is how much will this save us you have

  • to know that before you know how much it costs well the first thing is it's not

  • actually three trillion we're spending about 1.5 trillion right now

  • 126 welfare programs and Social Security if you're already getting more than a

  • thousand dollars and stuff we're not just gonna stack it on top we're gonna

  • just gonna say you're guaranteed a thousand and if you're already getting

  • more then this doesn't touch you you can keep your current stuff so the three

  • trillion actually shrinks a lot very fast because of the fact that about half

  • of Americans are already getting various income support from the government so

  • the real price tag is closer to about 1.8 trillion I'm no politician but save

  • that more everything you see in the mainstream media about freedom dividend

  • is like it's 3 trillion dollars and Amazon's gonna pay for it as Andrew

  • likes to say check check check check check

  • tech check is catchy I like it but it makes it seem like the idea is to saddle

  • big tech companies with a three trillion dollars Sunday when it's really just the

  • cherry on top a better analogy might be if you want to buy a three trillion

  • dollar house and you're living in a 1.2 trillion dollar mobile home you don't

  • need an extra three trillion you can sell your mobile home and just live in

  • the house we're not keeping both then you can start saving all the money we're

  • spending on oil changes air filters brake pads tires gas parking permits and

  • accident repairs and your lifestyle just improved dramatically you've got ten

  • times the square footage a pool a pool house plumbing central a/c an amazing

  • view and a bunch of robot servants to keep the place nice that's a lot of

  • value you're saving money on a bunch of things we spend like about a trillion

  • dollars on right now like health care incarceration homelessness services it's

  • a great incentive to try and stay out of jail because you know you stop getting

  • hit if you wind up in jail when you come out of jail at least you have you know a

  • thousand bucks a month waiting for you and then you're less inclined to commit

  • a crime and head back in everything we're talking about is at the margins I

  • mean everything's like this statistical curve and you're taking the people who

  • are let's call it like the last ten to twenty percent but if you reduce our

  • incarcerated population by 10 to 20 percent I mean that's billions and

  • billions of dollars that's right more savings just because people on the

  • margins are less desperate less stress and less likely to act all Plus nobody

  • ever talks about administrative costs which add up to tens of billions as it

  • is we're spending a lot of money figuring out how to only give a few

  • people some money when we stop spending money to hand out the money we have more

  • money although it is ironic that ubi will essentially automate away a lot of

  • government jobs but you know at least they'll have ubi plus if you think

  • people are finding meaning in their government job then you've never been to

  • the DMV presidential release your prisoner phone Valu ok but what happens

  • with all the money we give out does it just go away when you put money into

  • people's hands the money doesn't disappear it's gonna go right back into

  • the economy they're gonna spend it on food child care car repairs they've been

  • putting off the occasional night out and then all of those businesses end up

  • hiring more people and then we end up getting some of the money back as tax

  • revenues if you look at the cost savings and the value gains and the economic

  • growth that actually gets you back about a trillion dollars so a cool trill and

  • cost savings and the value gained from living in a nicer place add that to the

  • 1.2 trillion selling the mobile home I mean our current social welfare programs

  • and we have 2.2 trillion we could pay off two-thirds of the house upfront that

  • feels very responsible so we got a finance 800 billion now let's talk tech

  • check and the way you get the last 800 billion or so is related to what we

  • think is happening with AI and all these advanced technologies a wealth tax makes

  • a lot of sense in principle the problem is that it's been tried in Germany

  • France Denmark Sweden and all those countries ended up repealing it because

  • it had massive implementation problems and did not generate the revenue that

  • they'd projected if we can't learn from the failed experiences of other

  • countries what can we learn from we should not be looking to other countries

  • mistakes instead we should look at what Germany France Denmark and Sweden still

  • have which is a value-added tax if we give the American people a tiny slice of

  • every Amazon sale every Google search every rule

  • truck mile every facebook ad we can generate hundreds of billions of dollars

  • and then put it into our hands because we know best how to use it this guy's

  • talking sense meanwhile Bernie Sanders can't stop talking about democratic

  • socialism no matter how Democratic it is socialism doesn't get you star trek

  • capitalism gets you Star Trek socialism gets you slow economic growth less

  • entrepreneurial opportunity and lack of motivation due to lesser rewards

  • capitalism gets you Iron Man socialism gets you Iron Age I know

  • Trekkies are freaking out right now because in Star Trek they're so

  • socialist they don't even have money which is the biggest problem with Star

  • Trek a lot has changed in the past 300 years people are no longer obsessed with

  • the accumulation of things we have eliminated hunger want the need for

  • possessions okay then just give me all your shit Picard what's the big deal

  • look I get eliminating hunger and need but you got rid of want what how do you

  • figure out who gets the only available high-rise apartment with a south-facing

  • city view nobody wants it right resources will always be limited and

  • money is literally the technology we use to make dividing up resources really

  • easy everything can't be everyone's all the time not until we become a glowing

  • orb of super intelligence inhabiting the entire universe like Ray Kurzweil

  • predicts will happen after the technological singularity click up here

  • to see my video on the technological singularity and figure out why the point

  • is if we want to drive technological growth to create a Star Trek type future

  • we need capitalism my word with bernie is this democratic socialism because

  • according to Wikipedia definition democratic socialists will not stop

  • until capitalism is gone you be I on the other hand is not socialism as you

  • suggested I'm a capitalist I'm a fan I challenge you to find a clip of Bernie

  • saying that I also disagree with the idea that people need to be burdened to

  • find happiness well there is the possibility of providing a minimum

  • income I don't think that people can be happy unless they are

  • burdened down with something like a sled dog is burdened down with something if

  • Jordans thesis were true then why would there be any extremely wealthy people as

  • soon as someone made enough for basic needs they would just stop working hard

  • and fall apart but that's not how we operate people will always find a way to

  • be burdened you think Bill Gates doesn't feel burdened by solving his foundations

  • grand challenges like eradicating malaria it's in our nature to challenge

  • and burden ourselves but having money lets you think bigger than the

  • challenges of staying alive we need challenges yes but what better

  • challenge then the one automation presents us with the challenge to figure

  • out for ourselves how to spend our time in ways that are truly meaningful and

  • with that in mind I asked some Hollywood randos what they would do with an extra

  • thousand bucks here's how that went what would you do if we if you just had

  • a thousand dollars right now that's nice and close probably another holiday I'm

  • probably going to one of these two linear stores and just buy whatever I

  • want I'd get a head start on where we got a thousand dollars a month for 12

  • months what do you think he do I have my own projects I would like to fund

  • scripts scripts yep this Hollywood I'd probably try to save up and maybe buy a

  • car I've gotta find a rich movie star and yeah is that how much they cost a

  • thousand dollars a month what have you got a thousand dollars a month for the

  • rest of your life okay I'll donate to the ocean space every single month wow

  • that's that's very nice I would for sure move in the direction of what suits my

  • spirit more than my bottom line honestly probably the first few months I would

  • end up spending it and then I would realize that like there's no point in

  • spending a little bit at a time when I could buy something much bigger over

  • you'd settle down over time and get responsible I would like to think that I

  • will be less stressed I'd probably blow some if I'm being honest on technology

  • and trips and stuff like that but eventually I would I would invest it in

  • order to retire and to be able to buy a house one day do you think a robot could

  • take over your job I think every job eventually is gonna be taking over

  • already a stem of stuff people will be losing their jobs because of this

  • because robots are crazy they control I've never done nothing have you heard

  • of universal basic income that sounds good

  • sounds good on paper right now down the line I'm not exactly sure

  • with the the ramifications the implications would have on inflation and

  • what the charge for things I would like to see it try it and see what happens

  • incredibly stupid really yeah because there is only be like 30 percent of the

  • population that would know how to use that in the right way what do you think

  • other people would do with the money do you think people would stop working if

  • they got that do you think you'd quit if you have you got a thousand dollars a

  • month I started to like the work you you said that if you had that money you

  • would do some really nice things with it so you think maybe other people would

  • quit their job but you personally you would not quit your so you think you

  • would be responsible with it but the vast majority of people would would do

  • bad things

  • I'll let this guy pass this is important your robot can get his job get him out

  • of here that's the first job that's gonna go I don't think a robot can take

  • your job okay robots practically already taking that job he's half robot you put

  • that speaker on a Segway job taken that's the show thanks for watching if

  • you're in the yang gang make sure you share this video with your people huge

  • shout out to my patreon supporters if you like technology news and you want to

  • see more like this hit subscribe and think about joining these amazing people

  • as a patron let me know in the comments what you think about automation and ubi

  • versus fjg if you'd like to write jokes or help research for this series hit me

  • up on twitter at nia the curved or join my discord server link in description or

  • just click one of these other videos to stay up to date on how technology is

  • changing everything peace

the freedom dividend universal basic income or ubi the old but somehow still

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B1 US socialism capitalism andrew bernie star trek trek

Andrew Yang, UBI vs FJG: Knee Of The Curve with Emmett Short

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    王惟惟 posted on 2020/01/12
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