A Universal Income needs a focus on citizen responsibility | Raf Manji | TEDxChristchurch 

lol Paul you savage. Their big brains are obviously equivalent to the contribution of 10,000 laborers!

Of course they have nothing if those systems fail... And if each of those 10000 people loose their jobs, they just go get a new one, unlike this fabled money printer you think the rich own

Which ignores the fact that jobs are being lost to automation, the entire point of the video, so no, they won't "just go get a new one". In addition, in austerity economies, the jobs are getting less and less well paid, which will stop the landlords from getting paid.

My God are you really complaining about landlords? People who actually invest in real goods that imply risk and have to be maintained?

Paul, how about you purchase and maintain a house and let me live there and only pay you what it costs you?

Me too. But the time it takes us to train for another job, ai/tech has already designed the automated "worker" to do it. At today's technological advancements and capabilities, humans cannot EVER learn fast enough to "better" it and in reality by the time we learn HALF of a programming code or medical procedure, ai and tech will have advanced it 5 years ahead or more.

plus the central bank balance sheets aren't bailing out the banks, they are forced to purchase assets in order to create more money to afford to keep government running.

The economic system is human created it can be reformed. It needs to be reformed. Vast wealth inequality is unsustainable.

No, he's not wrong.

Look into New Monetary Theory to see how govt's can create money. All of this works in which ever way we decide, it's all a human construct, not laws of physics.

Very thought provoking response. Bravo

Another thing you can do is make it so that your pay check automatically is converted for use on appreciating assets like stocks, mutual funds, index funds, on Robinhood. With no money in your pocket you can't buy things, and eventually after exponential growth kicks in you'll start working less and less.

Ive been thinking of the meaning of "work ethic". I think it should be the worth of the activities. Not all meaningful activities are well compensated and some activities that I feel are worthless are very well compensated.

That's actually how the framers of the U.S. Constitution envisioned civil service, government.

I like the meeting "certain criteria". The voting idea is interesting on the surface, but I'm afraid too idealistic. We need more informed voters, not just voters lining up to get their check. I also think "homeless people" needs to be discerned better, definition-wise. I am well aware that many people, especially middle-aged, have been let go from their jobs so the company can hire a 22-year old for less money and longer hours. These people need to be assisted. However, I can't tell you how many able bodied 20-somethings I see lounging on streets with their "Need Money for Weed" cardboard. People who never made an effort in school, and could never hold a simple job - if they ever had one - and took to the bottle and drugs and crime at an early age need to be identified separately. I know this is more complicated than that sounds, but not as much as the victim peddlers will have you think. I believe in giving people second chances via rehab, job training and the like. But there are just too many instances of those who do not even want this help. This is well known, from Section 8 housing disrupting apartment complexes, to my friend's brother who has been to tax-payer funded rehab 19 times, and who is currently torturing his 80 year old mother in her one-bedroom apartment, as he does drugs and violently berates her to where she is afraid to come out of her room. He is now about 60 years old. We all see the "homeless" stats, but its time to look deeper into the individual cases of these people, and then produce those statistics. This video's speaker was the first of all the BI videos I've seen to address personal responsibility. The only way to convince the skeptical and implement this interesting idea is to face this most important facet in the eyes of the naysayers.

Creepy girl you obviously overlooked the fact that if we except UBI we will be under a one party monopoly and if you decide you dont like it anymore guess what? There will be no more vote and you are trapped

210,000,000,000

I calculated myself if UBI is given in the US actually economy of USA will develop bcz consumers will increase and banks will have balance to increase the money

Evian Wahter You mean 210 trillion (two-hundred-ten-thousand-million)? Just to help out with your zeros. Not that you are anywhere near correct, though...

People are using that as an excuse to say that it failed. The underhandedness of the right is astounding.

Milton Friedman, too.

Good idea, but I think this would only work in socialism, because capitalism is really inefficient, although capitalists will tell, you the opposite. Actually in capitalism a lot of goods are not produced only because they don't generate any revenue, which leads to unemployment, speculation and a lot of unnecessary, unproductive labour, e.g. in bureaucracy and speculation. It must however be noted that not all unproductive labour is unnecessary.

Do you have a 1000 DOLLARS.

You have awaken my dear

You're not supposed to "live" on a basic income, it's only there to cover the basics. Food and shelter isn't living, it's existence. If you want to live you'll have to get a job but at least with a basic income you will never fear starvation or homelessness.

@@Syklonus thanks for the clarification, BUT I still think a basic income should BE optional IF you don't already get benefits. Example: Eliminating Social Security for the elderly and replacing it with a smaller amount in basic income would be bad.

@@CartoonManWhoo This is not what is intended by Basic income. There will always be a need for caring for some people unable to care for themselves. This will need continuing support for people with bad health, poor housing, and higher needs in heating, food, care etc for the activities of daily life ( ADL). Countries need to look at the costs of transferring money from the taxpayer to the recipient. These are very high because of means tests, form filling, duplication of services and bureaucratic impositions designed to deter people from applying for welfare in the first place.

Ex Umbra contributing isn't that hard if you're doing something you love you do instead of just working For hard cash what many People do this says.

1. They already are, indirectly. The Central Bank creates money and structures monetary policy for the express benefit of the wealthy. A UBI would simplify things and ensure that, at least when money is created, it will pass through the hands of the poor at some point. However, see point 2 for why that dependence on Central Banks wouldn't be permanent. 2. It's not as if *all* of the money for a Universal Basic Income would come from money created out of thin air, just perhaps the first bit to get us started (a quick influx of $4 trillion given to the banks caused virtually no inflation, so I don't think we have to worry about that). Money naturally trickles up, so it should be a simple matter to tax excess wealth and income at the top so that the money is returned to the bottom. It forms a virtuous cycle where everybody is taken care of. We'd be able to get rid of the minimum wage, at least, so that's something for business interests to consider. 3. No country has tested a UBI on the scales needed to fully predict its effects on a large first-world nation like the US or Eurozone. Tests in third-world villages have had extremely positive results. Tests in small 1st-world metropolitan areas all have similar results but generally either don't last long enough or don't give enough money to accurately measure the societal change expected from the ideal UBI. "Basic income for 1 year" is psychologically very different from "basic income for the rest of my life". Again, all evidence we have indicates only positive social and economic effects, but we still need to run at least one large study as soon as possible, before automation forces us to implement something quickly and potentially do it wrong. 4. There's a funny thing about human beings, we need a deeper meaning to things. For most, it's not enough to merely exist, we need to draw fulfillment from our daily lives, or live according to some purpose, in order to be truly happy. A UBI wouldn't cover most of the creature comforts you seem to think you'd have. It would barely cover food, water, and shelter. You want a computer/phone/car? Entertainment? A steady relationship? You'll probably need some other source of income, and that means working for someone or creating a business.

onihikage> 'A UBI wouldn't cover most of the creature comforts you seem to think you'd have. It would barely cover food, water, and shelter. You want a computer/phone/car? Entertainment? A steady relationship? You'll probably need some other source of income, and that means working for someone or creating a business' You seemed to have missed the boat there.....a UBI would free up time normally consumed just making ends meet through labor, to, as these videos indicate, and nourish one's creativity. That encourages innovation, which means additional income. Also, we could 'test these models' to death as you recommend ( and as Obama suggested) while still arriving every time at the same positive conclusion.

ex umbrella> 'Wouldn't this ( UBI) render the vast majority of the population utterly dependent on the people who supposedly make up money out of thin air?'.....it is the RICH who are dependent on low income people for their cheap labor, not the other way around, you're putting the cart before the horse there . 'How do you factor debt and currency inflation into this little scheme?'....duh, people are in debt because they are borrowing more from banks just to survive, with UBI they would not have to continue profiting the banks.

Inovation does not come from urgancy. escaping comes from urgancy. Thats why the richest people today make their money on other peoples work. + when ur basics are taken care of u will now truly for once have the oportunity to follow ur dreams and fail without it ruining ur life, and you will be able to try until u succed or realize in the proccess that u had another talent you could use better. People will be way more creative and start new business beacuse they can now afford to do so. + if u start a family both ur income and ur wifes + children will become enough to live a basic normal life. If you want to drive 2 cars and have the lates iphone then u have to work. UBI is just a saftynet for everyone.