Yang2020!

Andrew Yang 2020!

I'm more convinced by UBI everyday, but I'm very happy to see this subject actually debated by informed debaters as opposed to the ultra-shallow soundbites that its afforded on the "Presidential Debates" stand.

I keep seeing comments like "this is impossible, UBI proponents are living in a Fantasy Land" Seriously? That's your argument against UBI? LOL every single invention Humanity has EVER created began in Fantasy Land. When Humans first figured out how to harness fire, it required someone to imagine such a thing was actually possible, and then think about how to actually do it. When the Wright Brothers figured out human powered flight, it first required them - and quite a few other people - to imagine that such a thing was actually possible and then think about how to actually do it. When Humans put one of their own on our nearest satellite, it first required them to imagine that such a thing was actually possible and then think about how to actually do it. Give me an example of a single Human invention that ever occurred without first living in that Fantasy Land and coming from that place to develope said invention. Money is an idea - it literally only exists in our heads. The Laws of Economics are not laws at all, they are a mutual agreement between all of us, and we can change the nature of that agreement any time we want to. Take away the mutual agreement behind Money and it is literally nothing more than scraps of paper and lumps of metal. Nothing more. Somehow we keep forgetting that.

Oren lost a lot of credibility when he claimed that Medicare for all would force taxes to rise by 39%. I live in a country with universal healthcare, we don't pay anywhere near that tax level. This is not a thought experiment. It's been done. Misrepresenting it is not inaccurate estimation, it's being calculatedly disingenuous.

It's universal basic income, not universal everyone is rich income. Not quite sure what oren Cass was talking about in the beginning. But towards the ends, his view on vocational training makes a lot of sense.

see if i had a basic income. i would want to work even more. Because of the basic income. And it d be much easier to apply for a job with a basic income as the job will really be your choice and not somebody else 's choice for you! and if i had a basic income i would, when making enough money also see myself give 10 or 20% of it away to some good cause and i believe more people would be doing that. That s all part of the multiplier effect of such a basic income.

Oren Cass, like Bernie, assume I love being in a dead end job... anytime someone preaches the worship of work instantly loses credibility to me. It shows how out of touch they are. Jobs don't make people happy and improve their lives. Careers and ambitions do. It is near impossible to pursue a career in today's day and age because the system supports only the top end and doesn't let anyone else get there. A Universal Basic Income gives the common people leverage into this system. They now have a floor to pursue their passions. I can't tell you how often I get caught in job-lock.

Great debate.. loved it.. convinced me UBI is the way to go... off to research more on Andrew Yang.

greg mankiw already endorsed ubi..why are these guys wasting their time.

UBI would reduce crime rate by a large margin. When people have money they shop more often, the go places, they feel happy. All funds for this activity would go back to local businesses and government. UBI is an answer for a healthy, happy, wealthy and prosper society.

Basic income is *NOT* provided by the government, it is *DISTRIBUTED* by the government. Don't let anybody fool you with that one.

andrew yang will make history! the smartest candidate exist in america. even tough ubi is not his idea but he make it best and complete.

It seems a very spurious argument to compare UBI to disability benefits, in relation to disincentivising work. UBI is by it's very nature Universal, you get it if you work or not. Disability benefits by the very complex way they are setup ensures you never try and work again or even volunteer for fear of losing said benefit.

The people who oppose it are the people who were able to live in good condition

Listening to the argument against UBI it occurs to me just how psychotic our culture of greed is. It is not about just gaining more personally, but gaining more than others. Looking down on the poor with great pious judgement is just plain sadistic

Oren used the singularity argument in relation to automation, because it's the most far fetched future concept, thus distancing his point from the fact that a lot of near future technology and automation is going to revolutionize and transform a lot of different industries in the next 100 years. It is ignorant not to assume the job market and contemporary way of life are developing towards a more automated future.

Gonna be real, Oren’s take sold me on UBI more than Karl’s. Describing all the things that are only sustained by needing to work to survive made me consider just how much things are simply forced to work in the name of survival, without regard for human happiness, and really it’s terrible to say that keeping the system because it forces people to do things they don’t want to do is good for the sake of forcing people to do things they don’t want to do.

Where is the discussion about the MIND freedom that would be created once the grinding stress of meeting ones basic needs are removed? In other words the creative energy to address these problems in innovative ways will be released once the mind prison of scarcity and human unworthy-ness is removed. Derogatory Labeling of people in order to keep people in their place has to go! Let’s switch our thinking to EVERYONE is deserving of basic living and see what happens. What do we got to lose? We’ve been living the old paradigm long enough. Power to the people❣️

UBI will be necessary as the 4th industrial revolution presents much serious economical imbalance for the society. The privilege of work will be soon be taken away from many people. AI and automation will be pervasive. Current economy system will be so distorted if some form of UBI is not put in place. UBI is necessary by reallocating wealth and happiness among the citizen of the country. UBI is founded by taxation on non-human "workers" . Which means VAT on all good and service produced.

People just think UBI just as an expense. It is more like a fuel to turn the wheels of the economy faster.

Even the magical goose needs food, unpolluted water, shelter and love in order to lay golden eggs.

Artificial Intelligence isn't comparable to the steam engine, it gets smarter by itself. People wont be able to get other jobs like they did in previous industrial revolutions.

If Karl can smoke Owen , Yang would have wrapped this up in 5 minutes

I don't think Mr Cass hold on for 5 minutes with Andrew Yang

I was on the fence. Leaning UBI

I take from what mr widerquist says in his opening statement that UBI could lead to greater human flourishing by giving people more financial flexibility. That people could be better able to quit the job they don’t like so much and pursue a career course that they dream about with the assurance that, even if they fail, they will still be able to have a minimum income coming in and won’t risk being completely destitute? Am I right in inferring this from his words, folks? I guess it would largely depend on what shape and form UBI (or whatever it would be called) takes when implemented.

I was not ready for the affirmative side’s case. Really surprising perspective based in fundamental economics and the social contract we have not questioned since the inception of sedentarism.

Winner Karl! 👏🏼

I would sign up for a" Univeral basic income" study. Receiving $2,000.00 a month would be great.

I'm rather conservative come from a well of family yet support UBI fully. I struggle to do daily tasks and this would be such a wonderful system. It makes me sad thst people are born rich or poor.

The idea of wage subsidy is so stupidly shortsighted, an economist ought to be ashamed to have seriously suggested it. In my opinion, the greatest value of UBI would be the negotiating power it affords the laborer: by paying everyone a wage to exist, you would INCREASE wages paid in the labor market. At present, jobs need workers, but not nearly so badly as workers need jobs. Without a job, a worker simply dies. But if someone negotiating into the job market has the ability to walk away, then suddenly employers really have to compete. High skill workers see this already: from the eighties until the last five years, programmers had high salaries because they could always turn down a job offer that was too low and find another one quickly. But minimum wage workers don’t have that room, unless they know that their most essential living conditions are taken care of. A wage subsidy would provide pressure in exactly the opposite direction. If wages were set at a minimum of $7.25, as is US federal law, and a subsidy was offered to raise it to $15, then jobs have NO incentive to ever offer higher than $7.25, knowing the government will make up the difference. Workers never face an incentive to negotiate upwards, for the same reason. There is also no incentive for promotion to higher pay, for either party, and thus no incentive to do exceptional work. It is exactly the sort of handout to the rich that the opposition argues against. It would not improve the lives of the unemployed, it would cheapen payroll costs, and it would still fall upon the the taxed middle class to pay for.

Karl definitely went down the rabbit hole of UBI. He articulated so well.

UBI in one form or another will be necessary simply because not having it will result in social collapse. There is nothing more dangerous than an ever growing proportion of the population with nothing and therefore nothing to lose.

Yes for some wages are low and cost of living is high and some bosses make you do three peoples work load for peanuts but they get rich meanwhile your scrapping the bottom

What is the case for the working poor?

#Yang2020 Freedom Dividend is only the foundation!

WHEN YOU REALIZE: "Co-Sponsored by the Rockefeller Center for Public Policy and the Political Economy Project", lol

30:53 no. It’s cost needs to take into account bureaucracy and the effect on prices. How much more will a loaf cost if everyone can buy more bread and the labour used to make the. Read has increased?

People would become more creative, open to learning more about the world, and different perspectives. Most people are trapped in a rat race to survive and they barely have time to pause, think, breathe, cook a healthy meal, exercise, or read a book.

I created my own UBI with dividends.

Honestly the U.S needs to get their healthcare figured out before they get a UBI program but countrys which have a universal healthcare system already established such as Canada or Denmark should work towards slashing programs such as welfare and unemployment insurance and putting in a UBI

UBI is a great idea for a country with many highly educated people: Now people have a safety net to pursuit their dreams, or create new technological innovations without fear of failures, or pursuit a totally different career path that would otherwise be impossible to do. All those endeavors of the educated people will eventually accelerate the GDP growth for a country.

If Oren Cass had been invited to speak first, he would have said 80% LESS as most of his talk centered on silly rebuttals. Listen to him carefully, he has almost no arguments against UBI. To simplify his "long" charades, he's only saying one thing: we HAVE the monetary resources, but it's going be hard to juggle btw UBI and universal healthcare. Hmm.. The rest from him is even more irrelevant, and it is exactly what's wrong with us Americans. We see work = identity, while the rest of the world sees work is work, and there's so much more outside of work. So to all the 18 years old out there, $1000 a month will turn y'all into good for nothing drug addicts or world-travel loafers. Wow. What an insult to Widerquist to call this a debate.

If work as it currently exists (sweatshops, factories, fulfillment centers) is vital to the health of an individual why must they be coerced to do it?

1:24:00 for all the audiences here: Yang's UBI proposal stacks on top of SS by the way.

I don't agree that employment is an agreement between two individuals. People have to work. The agreement is inherently unfair.

Simply the spending from a UBI would trickle upwards, either way, plus would do so into the hands of the types who argue against it. An argument for all getting on board, as this is the real way of stimulating an economy, anyway.

#Yang2020 #YangGang #humanityfirst

Children already get UBI from their parents: I guess that's also sending the wrong message. They should learn they must work to eat! 😂 Also, love how Cass talks about our current ways as necessary for a healthy society, discounting the small fact our society is so miserably unhealthy it's on the verge of ending itself. Jokes aside, so refreshing to watch these conversations and read your comments, letting me know I'm not alone. Thank you. You wouldn't guess the amount of vitriolic resistance I meet among my circle around this topic. The way they shit on the concept and defend the system is like, to quote Shakespeare, "a sick man's appetite who desires most that what would increase his evil".

Karl, you are my hero!!

People who favor UBI should be grouped separately from those that do not, Tax the high earners within the pro UBI group to pay the low or non earners within the group. See what the ratio is.

12k yr mortgage 7k yr health ins 6k yr food 2k yr electric 2k yr gas 1k car ins That's 30k a year to exist in US

Exactly. If the world was just two people I’m pretty sure it would only be fair to share the resources equally.

Debate is over, UBI won. But government just going to screw up the implementation

1:11:34 is something that people should understand.

The children argument was especially idiotic........ Children didn't work for money, and most children grow up under UBI environment.

I support UBI given today’s economic and technological environment, but the way Karl justifies isn’t a strong argument

I didn't like Karl's arguments for UBI. It was all so populist, but it had very little empirical justification.

What on earth? In what study are children doing better when both parents are FORCED to work to afford the basics to survive? How about the 700,000 people fired last year for being 10 mins late to their "job" because their kid was sick or their car battery died on their way to work?? I now support UBI even more than before watching this debate.

From the beginning industrial revolution freed human from physical wear and tear. With each stage workers reaped the benefits of the improvement in various forms. Now with AI and automation resulting in higher productivity and efficiency, not only workers but all citizens finally have a chance to share a slight slice of fruits of the 4th industrial revolution in the form of UBI. The wealthy and industry owners would still of course have the lion share of the nation’s economy.

I would love to get the names of everyone who is against UBI right now. I will make it my life's goal to check on their UBI opting out status when its implemented

The first 5 minutes against UBI are basically start with a mixture of appeal to authority and argumentum ad populum (people in politics don't take UBI seriously) which obviously is not a mark against UBI but of politicians and an uninformed populous. And the next is predicated on an assumption that income taxes would be the main funding mechanism...I would rather listen to Greg Mankiw honestly.

The Freedom Dividend is the Best form of Capitalism Without this it's just a Game of Monopoly once the Winner gets all the Properties , Hotels ,Utilities, Railroads, Etc it's GAME OVER But if Each of the Players Automatically got a Small Peace of Money from Each of the Big Money Property Holders that gave Each Player a Thousand Dollars for Passing Go the Game would be Virtually Endless for ALL Players Giving Everyone an Opportunity to Succeed Not just the Lucky Ones.

Because when I was growing up, I dreamed of working for someone else...

You dont need "singularity" for millions of low skill manual labour jobs to be replaced.

Totally agree with Karl Widerquist, so authentic. Annoyed at Oren Cass when he says workers are not servants, they are. It is not the same to work with the feeling that you do it by choice, than to have no choice. The main risk that I see with UBI is that the shark debt system might end up confiscating a lot of it. I think it should be limited the amount of it anybody can compromise in debt. It could help to open owner's employees businesses, but what if they do not end up working... or people simply finance too many things and default... UBI should protect anybody from such things or it would loose its purpose.

Where do you get the resources to start the pizza shop?

We got to get out there and vote for Andrew Yang.

As I was talking to my boss today about my job, I felt like no matter how hard I work and the hours I put in, it seems like it takes only one wrong to get me write up but yet they over see the 10 I did well. At this point I felt like if I leave I would not have any money to pay bills and support my kids. Being a single parent makes it even harder. If I know I have that 1000 every month, at least if I have to take a pay cut, I would still be ok. Our system is corrupted. The poor gets poorer and the rich gets richer. UBI will take us in the right direction. Trust me on this.

anywhere I can get the sources for this debate?

I enjoyed the respect and thoughtfulness of the debate. I would just highlight that Karl noted you could have a country without poverty for 1% of GDP. However true that might be for absolute poverty (less anyone who spends unwisely), most commentators use the ‘impossible to raise people out of’ relative poverty to beat the rest of us with.

Oren’s Need work..as if they don’t believe people are able find/create work for themselves. Reminds me of what Frederick Douglas stated about freedom...in the opposite sense..where if the slaves get freedom, they won’t be able to handle it, like how they get drunk 🥴.

Start a pizza shop requires capital, like $100,000 at least, the average poor person in America only have $50-$300 at most. This is an obstacle to self employment.

Why do it the hard way when it can and should be done the most efficient, cost effective and smart way?

The purpose of the freedom dividend is to extend the unemployment insurance because automation will take the jobs.

Need to focus on how UBI optimizes capitalism and advances industry. You get *Vastly more consumers. *Vastly more people able to pool money to create competition. *Easing of housing crisis in America's largest cities *Everyone suddenly becomes credit worthy and bankable. People previously locked out of debt markets now qualify for loans, new household expenditure, or to simply open a bank account. This is the biggest multiplier effect on UBI's benefits. More competition = more choices, lower prices (contrary to beliefs it would raise inflation) Velocity of "cash in hand" = 9x or more circulation rate. $1000 becomes $9000 in the real economy. This factor actually increases when more people in a local economy have access to expendable cash. Housing pressures decline as economic opportunities no longer need to be clustered in our mega-cities. Small towns would gain disproportionately higher purchasing power for every citizen that moved there, compared to large cities. Money is at all times relative. If all people stay at home, value of money declines, prices of assets increases, your $1000/mo becomes worth-less (but not worthless), and we end up closer to the previous system. If it works we are all better off and over time our $1000/mo becomes worth more. Everyone has problems. UBI is about people solving their own problems. Money is efficient. It will flow back to the most productive channels whether citizens use that for their own opportunities, or through consumption, they spur more industry.

Seems obvious to me that Oren Cass has never met a poor person in his life. His opinions show that he’s never had a shitty exploitative job. And the fact that he thinks someone living in poverty can somehow start a business is insane. 40% of Americans can’t afford a surprise $500 bill 🤨

EMPLOYMENT UBI - There should be no minimum wage. Companies should be able to pay whatever they want. Large companies such as Amazon pay more than federal and state minimum wages in most parts of the country anyway. The government should pay everyone "that works" a UBI based on how many hours that individual has worked each month. No income tax. Corporations need to start paying their fair share, not all their billions, just their FAIR share. There is literally a TAX on EVERYTHING! Just raise sales taxes and other taxes you deem necessary to cover the income tax and UBI deficit. This form of UBI will also need to be spent on APPROVED, US based companies, services and goods. Your company or products are approved simply by being a US resident and having your goods or services made or based in the US. (Basically you can't rent an apartment that's owned by a company based in the UK and you cant go online and buy electronics from china unless you use your own money.) Huge Bonus! Large corporations will suffer, such as Walmart and Amazon unless they start buying and selling more US goods. Maybe we'll start getting more small businesses back! (I don't think anyone has a problem with this except for "the others" lol) We can easily decrease military funding to help a little with UBI as well and still have the best military in the world. We just have to stop sending money to everyone and constantly patrolling everywhere. 80% of the reason we do it anyway is simply to make the elite scum more money. $100 or $200 billion of that $700 billion+ budget is doable. UBI at 1k per month would cost 4 Trillion Dollars. We CAN afford this amount. This version of UBI that requires work will definitely boost the job economy. People who don't want to work will end up paying into UBI and everything else via sales taxes etc. anyway, so you might as well work. I personally know a ton of people that don't work and just hustle what they can to survive, I know for a fact if they made $20-25 / hr. at a job they would be on it in a second. This would be achievable with UBI. These guys only hustle because they make the same amount as they would at a regular job but have so much more freedom. With the guaranteed extra income from UBI people might just be more motivated to work, be able to save a lot of money, live comfortably and have so much more freedom. I seriously do not know anyone that has extra cash. The people I do know, others might classify as wealthy are in debt, they just have a lot of nice stuff they spend every waking moment paying for. Nobody wants to live like this anymore. When jobs start phasing out due to automation and such, we can start adjusting UBI payments and hours worked or whatever fits our liking. We can also increase UBI payments to people who are studying in advanced fields we need more graduates from. Employment UBI will make people smarter, happier and healthier. THE CURRENT GOVERNMENT AND "THE OTHERS" DO NOT WANT THIS! I don't care what you say, you DAMN well KNOW IT! A lot of the reasons the way things are the way they are, such as laws and ideas you cant change, are put in place by corrupt power and money hungry individuals and corporations. Don't say we can't do this or can't do that either because........ BULLSHIT! Even if you don't like this idea, something has to change... WTF is going on... Seriously?! We can do anything we want as long as we are true, just, good and belong to Jesus Christ!

The reward of the worker is more taxation as well as work. So much for a work ethic.

when i was 18 i was glad to get a job it was my dream job it gave me a home car a child a life

#yanggang #nerdsforyang

Water privatization was a real crime. It used to be an essential service and now it's a private good, responsible for the ever growing plastics problem.

Karl, you kill the guy with out merci.Great job

If we don't want to have wide spread anarchy, we better get on board with UBI

The guy in the blue forgot the fact that people are actually loosing jobs all the time and back packing the UAE? Well actually theres homeless people that already do that right now without the basic income, theres people right now in their moms basement playing video games and smoking weed right now without the income but if you distribute them all an income then maybe they would go and work since the feel how having money makes their lives better and will want to get more, if you cant see how money is important then why would you waist your time working for someone else Makin them rich?

34:30 But I don't have my own resources to pursue the construction of a pizza shop. I need to take a loan and work to repay the loan plus interest. Perhaps population growth will open a niche demand occasionally for another shop but an established pizza shop owner is in a much better position to take advantage of openings in demand.

The thing about UBI it’s doesn’t we as a society is that we can choose the amount money we want is up too us simple $1000 let’s try 2000 how about 3000 max for everybody... Now tech is advancing and more Materialistic things are getting expensive every 2 years...

Yang 2020!

I like the idea of UBI on condition we pay for it with military reductions and other government fat. Also becoming a citizen needs a higher bar. You can’t just wander in and get UBI.

Shareholders get lump sum payment, does anyone worry about them getting a job? What if I was a well off shareholders, getting $30,000 a year I dividend, would you worry that I was just sitting around and not working, or would you consider me smart to be a non worker, leaving the job to those who really need it. No one asks, gee , if you pay shareholders a dividend, they won't want to work. It's up to the individual to decide to work or not. That's what is freedom. We are not slaves. Stop treating people like slaves.

I mean with UBI and VAT

MATH ~ Andrew Yang 2020

The guy in the burgandy explains exactly how I feel, i absolutely oppose working for other people and i think its inhumane to treat people as caddle and people accept this, they say oh go work hard but not mentioning working for someone who drives home to his Mansion with his family while the worker working the hardest everyday has to go live with his mom or family member because he cant pay for his own place even with two jobs, its absolutely crazy

Weeell just wondering what the debate will be now after FED is printing money non stop as mad company

At 1:01:00 Oren Cass should stop at just saying he's not an expert in monetary policy (or theory). By continuing and then stating that he thinks expanding the money system with non-debt currency would be inflationary, he ignores the simple fact that it doesn't matter how the money enters the system with the current design, ie. doesn't matter whether it's the government/fed creating new currency out of thin air, or it's the private banking system doing that on the government's behalf. He needs to brush up on his studies of MMT and other practical monetary policies.

Karl nailed! his opinions are mostly align with Andrew Yang’s policies! He is a Yang gang! #yang2020 #MATH

We need UBI globally. #UKYangGang

At 59:28 I started to understand that they don't want to actually discuss UBI they just want to use it as a springboard to talk about other topics

Sooooo, does UBI come with rent control? Does it come with food allowance? What's to stop landlords from raising their rent to equal the ubi?