If I had UBI I'd definitely sign up for Brilliant.

I love how you handle the right/left politics on your channel. I can tell you are much more to the left than I am, but I have never once felt that you are talking down to me or calling me an idiot because I am right of center. I have learned so much cool stuff from your channel. I look forward to each of your videos.

I worked for 41 years before retiring for good. I earn a respectable pension and social security covers the rest. With UBI, I believe participating in humanitarian projects would be the way to go. I could name a laundry list of projects that people could participate in while collecting UBI. My thing is fiber arts. I could teach young people how to sew and get creative with fabric. Automated factories lose the artistic ability to customize and create interesting design. That’s just one example out of many.

Joe Scott: A recession caused by automation might be on its way Coronavirus: Hold my beer

I'm for yang and his form of ubi. I grew up poor (welfare, public housing, food stamps) 5 kids to a single mom. When the youngest started school, my mom got a minimum wage job (cleaning motel rooms) and the welfare stopped, food stamps went way down and our rent went from $0 to $250 (1983). In short, we became poorer. My mom worked her way up. With each increase in pay we received less assistance. She worked hard, taking all the overtime they offered, but she was running on a treadmill, never getting ahead. By the time she became the manager and all benefits stopped, all of us kids were already "troubled". Two had dropped out of high school, two were on track to dropping out and one was in a juvenile detention facility. The combination of not having a parent at home often enough, growing up in a "bad" neighborhood, attending the "poor kids" school where teachers didn't care all led us in a direction contrary to our best interests. All of us left home before we were 18. Three of my siblings spent time in prison. Looking back, we didn't stand much chance for any "success". The system was backwards and broken. It punished the working poor. With every foot my mom put forward, the system pushed one foot back. My story is not unique. It happened all around me then and is repeating today. Some, like my mom, try to get out of the system only to find themselves at the same result of my mom. Some are content in the system and dont ever leave and the results are the same. Of course some come out of the system and find success but most do not. UBI back then would have been much better for us and the country. My mom could have spent more time with us. She could have afforded to raise us in a safer place where we would have attended a better school. Our young minds would have formed in a nurturing environment. Society may have been spared the burden of paying to imprison us and instead invested in us to become contributing citizens. Today all of us 5 children now in our 40's still carry the scars of our youth spent in the system. All of us have or still are getting some form of welfare. UBI would end this cycle and give everyone a real opportunity at success. Thank you for taking the time to read my story.

Wow, I don't know when I last saw a political issue handled in a more balanced way. Joe is more trustworthy than anyone I know of in the mainstream media. Thanks Joe!

I'm a conservative, but I actually like the idea of UBI. It's like capitalism, but you don't start at zero.

I've been following Andrew Yang for a year, and you actually brought up some issues and points, like the Cherokee nation study, that I hadn't heard about before. You might be a good resource to Yang to help him with his policies. I think many of the current politicians, like him, are way more receptive to science than previous generations of politicians. Thanks for the fair, balanced info.

It's always refreshing when someone gives a well balanced opinion on political subjects. Great video.

Without even considering the subject of Univ. Basic Income ..there is extreme value in this video with respect to the impacts of poverty on young people

I always find the argument that people would just stop working super weird. Have discussed UBI with a lot of folks and all of us said we would keep working (with the exception of some friends with young kids or long term health issues) That said, more financial security would empower a lot of people to make themselves more employable. Lots of people I spoke to mentioned they would use the money for things like skills training, going back to school, and regular medical check ups.

To me it sounds beautiful, one more step from the "survival of the fittest" to a society that takes care of each other. My own experience has proven that I am a much better person when I'm under less pressure and feel supported instead. It's true. The Yang way of measuring sounds really interesting, considering that most of us don't want money to hoard it, but to accomplish one of those standards he mentions - quality of life, effectively.

Really can’t see the downside to fewer lawyers in the world...

The most important issue, which is rarely mentioned, is that UBI needs to be implemented by a neutral group of experts! Having politicians negotiate the details is the surest way to get the worst possible version of UBI, which will backfire the hardest. Remember that some people WANT it to fail, just so they can then claim that any version will always fail.

I work in insurance... it's stressful, soul crushing and incredibly boring all at the same time. Unfortunately, my family rely on me to pay bills. If UBI was already a thing, I could look for a job that I really want to do, or go back into education. UBI needs to become a reality. I hope it's the norm by the time my 2 year old is looking for work.

Me, in the future, watching during the corona virus crisis, waiting for my stimulus check “Ya’ll should have voted for Yang!”

The UBI effect on the Native American Children was Not that they knew their saving account grew, it was a reflection of the effect UBI had on their Parents. Their Parents acted differently that improved their Children.

The Game "Monopoly" would be very boring, without UBI

I’m gonna put a mattress in a van and live off of my $1,000/month.

"it's time to panic" we all knew it was coming...... Lol

It would also reduce fake jobs.

Great job tapdancing through the minefield

I like that it's actually fair. Every bit of social help has excluded my family for various reasons while other families were pushed far ahead of us by the government for stupid reasons. It seems like a good replacement for a lot of pointless services. On top of all that I'll mention again. It's fair.

Mid Covid19 season i think every person would benefit from having some security while everyone is in lockdown. Ive also seen another breakdown of UBI and they suggested taxing companies that use more automation. So a tax per robot used instead of a person. But that tax will still be less than what they pay said worker in wages benefits and so on. so the company still saves by having a robot. The money gained from the extra tax due to robotic workers goes in to the pot used for paying UBI

It's refreshing to see that almost 99.7% of the viewers are open-minded and rational thinkers, based on this video's current approval rating :)

Love how you manage to talk about hot topics without putting your own political bias in all your videos. Rare these days.

Each time an American call a left-winger 'liberal' my European libertarian heart struggles

"In just 4 years, were behaviorally no different from kids who had never been poor" sounds like a line out of the onion

MATH on the Andrew Yang swag stands for Make America Think Harder.

On the Ubi issue, something Andrew Yang said that makes sense is that it's still capitalism but you don't start at zero

"Enlargify your thinkification machine"... had me in stitches :'D Love your stuff Joe 👍

Man, this vid is aging really well

The real game-changer would be a shift in consciousness of We the People. I'm in my seventies now and for over 30 years I have watched people's lives transformed by changing from a me Consciousness to a we consciousness. When I changed my business model from a profit Centric to a We having fun together Centric business. Something completely unexpected happened... we never made so much money.

Marcus Aurelius: 'Poverty is the mother of crime'.

UBI would have been a lifesaver when I was raising my kids and my ex wasn't paying his child support (he never paid it...not a dime). I worked 2 jobs/6 days a week most of the years they were growing up but it was still difficult to make ends meet and I HATED having to use food stamps but we had to a couple of times during those years. And you think things will get easier once the kids are bigger and you don't have to pay for daycare or babysitters anymore but it's not because they're bigger and there are more expenses to go along with that.

Regardless of whether one is for or against UBI, this was a very thoughtful and well-balanced discussion of the topic. Just one of many reasons that I watch a LOT of Answers with Joe and recommend many of the videos to friends and colleagues.

This is the best information I have seen on this subject. Excellent pros and cons video!

Im making good money for the first time in my life, but about a year ago I was making min wage at Subway. If I accepted more hours, I would lose free health insurance from the state. Because of this I had to refuse more hours at work, and therefore more money. I support universal income despite being in a better position right now. *Edit: I pick up lots of extra shifts now that I feel Im being paid what Im worth. I was raised on food stamps, public schools and medicaid.

Long-time viewer long time subscriber, I like how you make your approach to things each way equally got a refreshing to see something not toxic. Thank you for the information that you've taught me over the years.

I doubt you look at these comments from old posts, but it would be amazing if you could revisit the UBI concept under the light of the pandemic

As a programmer, I am happy that my profession is trumping lawyers.

Milton Freidman's proposal was a little different, it was linked to income so that the payments were reduced as income increased, but the reduction was less than the income increase, assuring that there was an incentive to earn more. But any guaranteed minimum income proposal, Yang or Freidman, would be an improvement over current welfare, and make it more reasonable to accept part-time or temporary employment.

I don't know what some people are scared of with UBI. $1,000 a month really wouldn't go that far so people would likely still work at least a little. Using my own monthly expenses as a base: $500 monthly rent ~$100 utilities ~$250 monthly groceries ~$120 student loans $300 car payment That's $1,270 a month in expenses so I would still need to earn $270 for other living expenses. Also this isn't including going out to eat, seeing a movie, buying clothes, paying for a streaming service or 5, etc.

I think Ubi is going to be essential in the near future. From what I have seen even factory’s are going to be fully automated including self maintaining, that and most other professions as well. Because technology is advancing exponentially the scary thing is it’s happening faster than we think.

My thoughts on UBI are this: Thanks for the rent money, I need to go to work now.

Been following you for years Joe! Thanks for doing this video. The general population needs to be thinking about this subject because it's only going to accelerate over the next decade. And it's not just automation. We need someone who's also thinking about what else is to come, like BMIs, AGI, molecular manufacturing, etc.

18:33 As far as I know, soviets failed because of being poorly executed, you see, it's not about being either full on capitalism, or full on communism, it's the balance.

The factor I think is often ignored, is that most of the UBI money goes right back into the economy and boosts it for everyone, even the rich.

A few benefits of UBI - 1. Reduced homelessness 2. Reduced recidivism 3. Reduced child poverty 4. Increased charitable giving Still, there are a lot of unknown effects that wouldn't all be good, I think some serious study and modeling would be necessary.

This might be my favourite channel on KZfaq and now I've got 40+ episodes of Our Ludicrous Future to watch.

My choice was Yang, but he didn't even have a chance. Thank you for doing this video, only wish I'd discovered you earlier.

I’ve shared this cause I agree with you! And I hope some of my friends need to consider this topic! Thanks!!

When I lost my free state -healthcare- insurance*, I made something like $30-$50 over the maximum income allowed. Haven’t had healthcare since. Edit: To clarify, I meant I lost my free state insurance. I haven’t been able to see a physician without paying $150 up front. I’d have to lie about being homeless to get seen for free (or so I’ve heard). Unless it’s something the emergency room can fix, I’m SOL. And since most emergency room visits are for injuries, I’m treated like a opiate junkie because doctors have become assholes to anyone in pain, especially if you don’t have insurance (in my experience). I haven’t had healthcare, like a proper doctors appointment, besides some emergency room visits for over 2 years. So it’s not like I’ve been suffering, but issues are starting to slowly arise with age and negligence. Just glad I’m relatively healthy. I appreciate everyone’s kind words nonetheless.

I have bigger issues with our current welfare system than with the UBI. That poverty trap is dangerous!

Thank you. This is a really good explanation. I don't want it to come to this, but at least now I understand how this would work for the economy.

For those who disagree with the idea of a handout: There's also something to be said for the difference between the motivation to have more and the security in knowing that your basic needs are met, I think. Allowing people a monthly stipend to ensure they have the funds to meet their basic needs will separate people into groups. Prominently: those who scrape by on the bare minimum and those who strive to achieve more. How much different would a person's life be if they knew that their jobs gave them a bonus, rather than struggling to make ends meet? You can apply this to careers that are historically underpaid, as an example. Many teachers would appreciate knowing that the have the funds to assist with their basic needs and can divert more energy towards making a genuine difference in a student's life. I wouldn't call UBI a handout so much as a way of ensuring all people can start on a more level field -- and, ultimately, you (the taxpayer) are still going to come out on top. Sure, there are people who are going to sit around on that thousand dollars and do nothing productive. That, as Joe says, is the unfortunate truth of society. But unlike welfare programs, you (the taxpayer) are also going to receive that stipend. Yes, you'll be taxed to help fund it, but not a thousand dollars every month. You will very likely go home with more money. This can be likened to the allowances that military members receive. As an EM3 in the US Navy, I received an allowance for housing (BAH) and an allowance for sustenance (BAS). This meant that although my base pay wasn't phenomenal, my basic needs were met before I ever received a check. My base took my allowances for housing and sustenance when I lived in the barracks and ate at the galley. When I moved into off-base housing, my rent was covered by my BAH any my allowance for sustenance, as a single sailor, was more than enough to feed me. This meant that my relatively small base pay didn't matter, because the two biggest expenses I had -- food and housing -- were already taken care of. If we wanted to apply this to a more relatable situation, think of a student in university, who can now devote less time to working and more time to their studies. Or, at an even greater impact, families with children or disabled dependents. Many families have to weigh costs versus benefits when considering whether it's more advantageous to send their child to some sort of care center so that both parents can work. To put my child into daycare was $150.00 a week -- $600 a month. More than my rent at the time. A stipend would encourage one parent to stay home with their child while the other works, without worrying about the financial impact. There's a lot to be said about the idea of 'allow our citizens to afford basic human needs' that don't necessarily need to equate to welfare. Especially since something like this goes to everyone. Those who like to give their all to a job are likely to continue doing so, as it's just in their nature, so I'm not sure just how much productivity would be lost. If anything, a system like this would trim the deadweight of those who do the bare minimum for a paycheck -- or potentially turn those people into harder workers with the stress of financing their existence is lessened. While I'm sure this concept has a lot of flaws, and that the political nature of 'handouts' would hinder it, this seems like useful discourse. What would you do with a guaranteed extra thousand dollars a month? Take a little time off to write a book? Learn a new skill?

Great KZfaqr: *struggling* UBI & Patreon: "I'm about to save this mans whole career"

Would be so wonderful to see Joe Scott on Joe Rogan Podcast :)

Personally, I feel that a society that takes care of its people creates people who care more. And just because there are a few bad apples doesn't mean we should forsake everyone else.

Would it be crazy to assume the cost of living would increase proportionally to average income so the only outcome would be expedited inflation

UBI takes stress off of people and allows them to focus on getting a job that they want instead of working a job that they hate just to survive.

I appreciate the evenly weighted approach to this polarising topic

Sioux City! Don't forget Sioux City, IA! When I moved there to live with a friend back in 2011, you could receive $300+ monthly unemployment stipend they would deposit onto a plastic card issued to you through the state that worked just like a debit card. All I had to do was phone in every week or so, press a few buttons on a teleprompter, mail in a document that verified I went to A,B,C,D employers looking for a job every month [I was applying for disability], and everyone I met there that wasn't currently working would receive a cash balance. My friend wound up losing their place to stay, and I had to relocate to a shabby rental home in Wall, SD. I took copies of the documents with me so I could re-certify through my emergency situation and the cash benefit program still worked out of state, which helped tremendously because I was flat broke and stuck in an icy blizzard there that winter. I really enjoyed their annual Greek Festival and their sporting good malls and to date it's the only state I've been to that approved a cash benefit on top of my basic single-person food stamps. Thank you, Iowa! stay blessed!

75% of the cons with UBI could be negated by a set of fair and simple rules.

Joe. I really appreciate the way you can assess topics from a non biased opinion. I was 100% against a UBI prior to this video. You brought a very enlightened perspective to both sides of the topic. I love the work you do! It was very intellectual, and was very informative. Keep up the good work sir! Also, you blew my mind when you said a new concept of democracy that supersedes capitalism. Of which, I am a huge supporter of capitalism.

“The politicians who are not talking about automation are failing the American people.” -Andrew Yang

If I am expected to work, then I expect a home and food.

As a former Landlord for several years I rented folks on government assistance, I can honestly say this topic of UBI is not a one size fits all solution. I had people on government assistance be productive and supportive with other members of the community, but others squandered thier government assistance funds on drugs and only lived to burden themselves and others.

I had a UBI one time, but cranberry juice cleared that up.

If I had UBI on top of a job I'd be able to get out of debt in less than a year, save money, go to school, and buy a hime in the future. Right now its not looking so good though 😔

I used to work for a firm that decided to let two people go and replace them with ONE robotic arm. The two workers role was to inspect a component at the end of a production line, then simply place the component into a large crate. The robot that replaced them cost £1,000,000. And required 3 months+ worth of calibrating by a team of Japanese engineers who had their living costs paid for while they were in the uk. Plus flights and wage. That company went bust 24 months later

Now would be a great time to do another video on UBI

#YangGang because i've already lost jobs to AI & Automation in the last 2 years, it's only going to get worse ... *Make America Think Harder*

I really appreciate how unbiased you tried to make this. The last little bit seemed a little heavy handed, but overall very well played on a political topic for a channel not geared for political content.

We should search to create/ build synergy between everyone's dreams, goals and ideals. Because this is what motivates us to help one another.

i just shared this first time ever in my life doing so great show keep it up you are amazing joe thx Kyle Z

I am really glad you covered this in detail as many people are misinformed on UBI.

Dear sir, I object to your broad and crass statement that we the people of the chat are hoodlums. We are not hoodlums but are in fact vagabonds. Yours with contempt Earl von Chat

If i had ubi, i would go back to school to upgrade my skill set.

if we've learned anything in the years since this video was made - its that we'd have to put a cap on how much companies could increase their prices/rent/etc before we'd ever be safe using UBI. Otherwise the price of eggs would be - well, we've seen that and all the UBI would be doing was lining corporate pockets instead of helping wider society. Cap first, fairly - but cap. THEN UBI would be a lot more helpful.

My biggest reservation about UBI is, if income goes up $12K a year across the board, what's to stop cost of living from going up $12K a year as well, as rents go up and groceries and other goods get more expensive to take advantage of the extra money their customers now have?

If Mr. Yang's scheme on raising money for UBI, then I say we should do it. I definitely would use the extra cash to start a business.

I love this channel. I learn so much here.

11:32 Yang mentioned.

Ask the AI to run a simulation on the UBI

It's 2019. The last thing that anyone should ever be worried about is having the basics such as shelter, food, water, and access to societal required technologies like telephones, computers, and the internet. I am all for UBI. Also, I have no problems with people "abusing" it. What I mean is, what kind of a world do we live in where the measure of a person is how much "work" they perform? What about artists, thinkers, writers, and inventors? There is a lot of talent and good ideas being wasted or undeveloped because just about everyone has to "work for a living". How have we still not learned the most basic lessons from the agricultural and industrial revolutions; that is, how freeing as many humans as possible from basic labor has allowed new ideas and technologies to flourish that end up helping everyone? And ultimately, if someone wants to just sit around and watch television all day long on their UBI - who cares? I believe that UBI would be far more of a benefit to everyone.

I'm concerned that inflation might cause the UBI amount to basically become the new 0. Any thoughts on that? If the amount stays sufficient for basic living expenses, perhaps by regulating the prices of certain things, I'd say go for it. Also, regulate the price of a Neuralink insertion. ;-)

Its not left! Its not right! Its forward with Andrew Yang 2024! Let's show the world why America can be the greatest country on earth!!

If I had a UBI I would fulfill my dreams of opening a cat shelter in my small town.

This is what I was waiting for. You have the most thorough and level headed way of presenting complex ideas. Made my day.

Crazy how much has changed since you posted this.

Good Job, JOE How did we get here? (rhetorical question) ... 1850 (value system) ...DAYRATE (labor) $1.00 ...COST LOAD (food) $0.01 (1# bag of chocolate) MATH 100 / 1 1850 COSTS NECESSITIES FOOD: 10% SHELTER: 10% SAVINGS: 80% ...HORSE: 10% (transportation) ...WEAPON: 10% (security) ...CLOTHES: 10% ...ENTERTAINMENT: 10% (after shifter snifter) ...VACATION: 10% ...SAVINGS: 30% (misc) ..................APPLY THIS TABLE TODAY (2020) FOOD 30% SHELTER 50% SAVINGS: 20% .................GOVERNMENT TAXATION: 50%+ INCOME TAX: 30% FICA 20% MEDICAL 20% if the minimum wage were indexed to the inflation rate it would be around $25- per hour today (2020) ...IMHO: the real killer is INSURANCE ...overlapping coverages /with deductibles ..................BEST CASE SCENARIO: UBI $1- per hour (deposited after midnight) = $24- per day = $720-per month = $8640-per year PLUS: $10,000- TREASURY BOND (at birth) matures at age 21 PLUS: one acre of land at birth The government acts as if it owns us ...yet they have never paid a dime for any of us (or the land that we live on) we are assets (Patented like land) yet they depend upon parents to raise and pay for their assets) an incentive to produce more taxpaying citizens is necessary

So...I started saying this as a joke about ten years ago...but let's replace politicians with AI.

Imagine the horror of letting people out of the workforce if they don't want to work. Imagine _not_ being stuck taking up the slack for someone who's promised to pull their weight but then don't. Imagine if every useless person at your job was replaced by someone who wanted it to be there. Sign me up. I'm old, and tired of the people who show up but don't then do their part at all because they'd rather be surfing or whatever.

You handled this now-political discussion so perfectly, Joe! How did you do it?! Well done 👍🏽 ❤️

I was really hoping you'd be one of the few people who talk about this who'd address the negative economic impact UBI could have... I think it'd basically be instant inflation. Everyone has $1000 more a month now than they did in 19XX but everything also costs % more. Why wouldn't that just happen with UBI?

Excellent video, except I wouldn't define Yang as a single issue candidate.

this idea that these nonskilled or entry level jobs are "for teenagers" is incredibly priveleged. it's the working poor who will suffer most from the automation of those jobs which is why UBI is so important. the kids working part time summer jobs will be fine without them. the people working 2 or even 3 of these jobs just to get by will not.

A better "Future World" by sharing resources and investing in humans sounds so good that I decided to share this tube on the Facebook group "Future World"!

to your point about our welfare system discouraging people from working: that’s absolutely true. i grew up in this system and it keeps poor people poor. i have horrible memories of my mom doing the math down to the dollar of exactly how much more she could earn before we lost our benefits. but if we lost our benefits, no amount of work she could do would be enough to bridge the gap and fully support us. so she continually had to cap her income so we didn’t lose our assistance, keeping us poor.