What Would Happen If Everyone Got $1,000 a Month? (UBI Theory Explained)

What Would Happen If Everyone Got $1,000 a Month? (UBI Theory Explained)
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[alonzocalleros]

May be don't tax the crap out of the working class so they don't have to work all the time.

[Diabolica]

The person who said Jeff Bezos could pay everyone on earth 1M dollars wasn’t the brightest crayon in the box

[Soljarag]

UBI is universal.... If it has income limits it's not freaking universal....

[Obesepelican]

this only works if the automation is so efficient that it’s able to produce enough goods and services to make everything extremely cheap. If you give everyone $1000, you effectively give no one $1000

[cz]

I guess we forgot the effects if stimulus checks already. Inflation will negate the income and only help the poorest of the poor.

[TrevForPresident]

Somehow I don't think they'd keep it "universal." If they start having income limits it's just yet another to bludgeon the middle class.

[veiltricks]

Happiness comes from the pursuit of purpose and overcoming difficulties. And our society has become very good at removing any kind of purpose and the community that usually provides it. I think we’re all staring at the wrong problem

[wlcncfj]

I don't want BigMac to cost over 500$

[bdorr]

We don't have enough money to fund our current obligations.

[elitecpudoc]

Have you seen Wall-E, that's what UBI becomes.

[philv]

Money doesn't solve all problems but it does solve a lot of them

[sapinva]

The qualifier "as long as they show a willingness to work". Given that literally, it is nothing more than guaranteed money for work, which is maybe a better idea. But that is nothing like the UBI as defined today.

[onewayofliving]

Don't give people free money. Just stop taxing them and them you make people want to be more productive.

[Xairos]

It's not ubi if it's targeted to the unemployed

[Stockpickervalueoriented]

No such thing as “free”. Money would be totally worthless.

[shubhamcweb]

Companies and institutions will then just raise the cost of their products and services accordingly and the (tax payer) money will effectively just get funneled to them. Look at the eye watering cost of higher education and all the "grants" and "aids" that the government provides only to fill the pockets of these institutions.

[peterschai]

Forget ubi, just lower my federal and state income tax!

[TheContrarian]

12, 000$ a year would be the new 0$ a year. Prices of everything would eventually go up because demand is going up while supply is remaining the same.

[Novaximus]

It's frustrating when you put in more labor and work in comparison to others around you all the while they get to experience a better quality of life than you.

[DetourShirts]

Thanks for the video.... Most if not all of those studies focused on giving only a small portion of the population money. I believe that if everyone got $1000 a month, every month, forever than the prices of everything would eventually rise. Inflation would just level prices out to make the poor, poor and there would be no way to turn it back. Thoughts? What I think would be better is that instead of money give people basic needs like food, shelter, healthcare and clothes, etc. like you said at the end.... so they don't have to worry about living expenses just optional expenses.