Name: What would be the immediate effects of a universal basic income? | IN 60 SECONDS
Uploaded: 2017-08-10T15:12:36.000Z
Duration: 1 min 16 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

The immediate effects of the UBI are twofold.

The first is that involuntary poverty will be ended. By involuntary poverty I

mean people who are trying real hard, doing the best they can but cannot make

enough money to live a decent existence. That kind of poverty goes away with the

passage of a universal basic income. A second thing that the UBI does is it

utterly changes the incentives facing people.

It completely changes the incentives that a woman faces in deciding whether

for example. Other things such as retirement for the elderly become much

Guess what? Social Security doesn't cover everybody. We have lots of elderly in

poverty. That doesn't happen under a universal basic income. In that in many

other ways, we are looking at a system in which problems that have been unsolvable

by the welfare state are solved pretty much as soon as the bill is passed.