As a Cuban living in USA, I can personally tell hundreds of stories of communist fails. A lot of people confuse the "American Dream". Its not about becoming rich, its about the opportunity to become successful if you put effort. In places like Cuba no matter how much you work, the government prevent you from becoming successful ("EVERYBODY IS EQUAL"), except for the government officials.
A lot of people are struggling out there. We are suffering and don't know where our next meal is coming from. A UBI would go a long way to help all of us out. It would mean we could pay all our bills and have food on the table. Why is Dave against us having all of that?
The funny part is when I started getting those checks during the pandemic, that’s when I searched for the word “budget” on youtube and found this show. I was already out of debt, but because of this show I have a six-month emergency fund, a Roth IRA, my HSA funds are invested, and I have a lot more hope for the future. Was it the checks? No. But a desire to use that money wisely motivated me to change my entire financial future. I know I’m a weirdo, though. That’s why I fit in here :)
If UBI was conditioned on cutting government spending/programs, I would fully support it. I would rather the money be given to taxpayers than bureaucrats.
@@R2D2677: As a former rank-and-file government employee myself, I can attest to the outlandish waste of government resources. I would not hesitate to take an axe to federal programs.
Dave is describing the current welfare system, not UBI. UBI is paying people that work as well. The current system rewards those who don’t work and punishes those that work and pay taxes. If you work over a certain amount you get nothing, and those that get welfare often get more than those that do work.
That's a stupid quote. UBI doesn't pay for your whole life needs and wants. Sure, some will not work. But others will want to enjoy life and so they'll find work so they can have money to have fun or improve their lives. On the current welfare system all of that is impossible as anyone 8n that system is held down with their face in the dirt with no hope if escape. You are stupid and so is Dave.
@@joshuaevans6065 You're on point on there. UBI is paying basically everyone something. But my argument against is it causes inflation! Everyone working minimum wage making $15/hr plus everyone on UBI making say $2000/mo. Now that minimum wage guy is making $4600/mo. But the guy on UBI is still only making $2000/mo. There's either going to be a race to the bottom on paid work (at least within minimum wage, as positions transition there) or there'll still be no work. You'll create not just towns and cities with high unemployment but everyone everywhere, entire generations without work since they lack skills or experiences. Education doesn't replace learned skill or experience either, otherwise you'd hire a recent Harvard MBA grad as the next CEO of a beer company.
The problem with UBI is that landlords, producers of goods and services, and government "fees" will easily eat up all the value of that UBI by raising their prices accordingly.
The government can print money but not goods. So when everyone uses that money to buy the same amount of goods you run out of goods and whatever is remaining costs much more. It's not the greedy landlords bidding up the prices it's the 10 people bidding for the same house.
@@commonabond Dave just doesn't have a heart. A lot of people are struggling out there. We are suffering and don't know where our next meal is coming from. A UBI would go a long way to help all of us out. It would mean we could pay all our bills and have food on the table. Why is Dave against that?
A check without work is very bad for people. My neighbor was obese and got laid off. So he got unemployment checks for 2 years. They never really made him look for work so after the two years he got a doctor to sign off on disability. Then he sat in his apartment and ate until he got diabetes and almost lost his foot. He was in the nursing home twice and the last time they returned him unable to walk. They left him alone in the apartment and he couldn't get the wheelchair to the front door to let the nurse in. He also would fall down and have to call EMS to pick him up. Those checks destroyed his life. When he was working he had to walk to the train and then he would go out walking after work. But once there was no necessity, his addiction destroyed him. Now he's in the nursing home harassing the staff instead of us Neighbors
For every deadbeat welfare/unemployment story, I can find multiple success stories (or stories where the recipients benefited from the welfare). Unlike Dave's opinion, the welfare system actually works. It's literally (literally) taught in the Bible by God, Himself, upon His people. The problem with those who oppose the welfare system are thus: 1) They mistake politics/social policy for religion (ie pure, unadulterated capitalism is heaven sent, and ANY form of socialism is of the devil) 2) They fear the few who will misuse the blessing and game the system more than they value the many who will benefit from it. Having said all that, this clip went from universal income to general welfare for some insane reason, and I would separate the two. Welfare should be used to provide services to the poor and needy. Universal income is just an injection of money into the economy to rebalance the system, and I'm with Dave et al on this one: it won't work. If you lack income, then do all that you can by the grace of God to work another job or find a better job.
A lot of people get paid without work, whether it’s government, welfare, benefits, or inheritance or other lottery winnings. And you could even say that about Dave’s kids. But it’s still a bad idea to have UBI for other reasons.
The biggest problem with UBI is that it doesn't actually produce any value. Money only has value when it is backed by the sale of goods or services. UBI supported by money printing would only devalue the currency and increase inflation. UBI supported by taxes (taking money generated from goods/services and reallocating it) would cost more in overhead (accounting, management, allocation) than it would in value. In simple terms, math prevents UBI from ever having a net positive benefit.
Except it wouldn’t require any more money to be printed. You implement a value added tax (which is more fair than the income tax system currently in place.)
@@joshuaevans6065 in addition to sales taxes and income taxes or as a replacement? Either way, this results in goods/services being priced higher to account for the taxes.
Yeah this is only true if you don't recoop the ubi in taxes. I think most people would end up with a wash, but a wash with a much less scary floor, and one without incredibly annoying means testing. I think a ubi would be better than a bureaucratic nightmare of a welfare state.
I come from Cuba and will always be grateful to this country… my country. We can improve but this is the best system out there ,nothing is free in life it just doesn’t work, I wish it did. Realize that people die to come here.
I actually didn’t really like Dave’s analysis of Sweden. Sweden is a capitalist market economy. Anyone who claims they are socialist doesn’t know much about them. They are capitalists with a higher funded healthcare/welfare system and much higher taxes
Are 3% of their deaths assisted suicide like it is in Canada. You put the government in charge, and they will start killing people they view as a burden.
This is correct. The same is true for Denmark, Canada, and some of the other places that are accused of that. None of these nations have a centrally controlled economy (the USSR had this and we know what happened there). That would involve price controls and the control of supply and demand. These countries are very capitalist with large social safety nets.
That quote came from the same book that said if your child is disobedient you must drag him outside the city and murder him. Idk if I'd trust that kind of wisdom
UBI would take power away from business owners and companies like the stimulus unemployment program did. Employees left employers who treated people like crap and had to treat people better to survive. The stimulus money helped people who didn’t receive the unemployment money. Before 2020 employers took advantage of people who couldn’t say “no”. The problem is when businesses and landlords see that extra money, they’re going to raise the prices and we’ll be in the same situation as before. The best thing to do was to make career/job changes while the money was being handed out.
He knows nothing He scammed his many followers with Time Share Exit Team. He has never studied history either He calls am impoverished are the "ghetto" Clearly he has never studied history
@@cloudbloodmusic Yea. You know giving people a basic income does not automatically turn capitalism into communism. That's a false equivalence. I have received a Social Security Disability check for almost my whole adult life, but I didn't just take that check and sit on my butt as these guys seem to believe all people will do if they get UBI. Will some people do that? Yes, but many will also work and have a side hustle, as I did and will achieve financial independence regardless. I no longer depend on my Social Security check for my survival. I have an investment account and several side hustles as well. Lazy and ignorant are not necessarily a permanent state and discipline and diligent pursuit of a goal is in no way diminished by a dependable minimum income.
@@Erick10zz I just wanted to say a lot of people are struggling out there. We are suffering and don't know where our next meal is coming from. A UBI would go a long way to help all of us out. It would mean we could pay all our bills and have food on the table. Why is Dave against us having all of that?
@@costco_pizzabrother I'm sorry to hear you're not doing well but let me also say that you need to hear the hard truth... There is so much money out there, if you're not where you want to be it's because the effort isn't there or focused in the right direction. Not saying you don't work hard, don't get me wrong. Unfortunately tho if working hard was enough to be rich, then roofers and oil riggers would be the richest people in the country 😂 you need to understand how money works and get started on the right path. In 10 years you could be on top of the world I'd guarantee it
@@costco_pizzawe aren't against you having stuff.. we feel you're better than "a basic life" getting govt dribbles and freebies just enough to keep people in 10 story apartments with just enough money to barely live. Eating fake meat and bugs. Keeping our thermostats at 78 and taking the bus. While politicians have mansions and good food. 10 car motorcades and millions of dollars. Don't think the govt just wants to help you. The establishment we are fighting wants to keep you in line, passive and complacent. You're better than that and if I can do it you can do it you just need to decide enough is enough and go get it brother
truth of the matter is: no matter what the purpose of UBI is, people will use it differently depends on their purposes. some will squander it away at gambling, some will stop working and succumb to addictions, and some will use it to find better workplace and/or have more leverage in life. Let the chips fall where it may.
This is the bottom line. If UBI is not tied to income already and everyone gets it, well, the homeless by choice will still be homeless, and the hard working and wise, will probably invest it.
@@cloudbloodmusic Not necessarily. For some homeless forgetting their situation is their first priority. How they choose to forget... well that comes in many forms.
I work in tech and I'm not sure how we have society without ubi as AI takes more and more careers. I think at some point society flips from being productive to finding purpose in life
@@cianlernihan6417no, once jobs are all automated THEN we can discuss something like that but until then we need people to work. The avg construction worker is 60. We are soon to be running into a serious problem
He's comparing apples to oranges. The GDP of greater Tokyo is more than Siberia + Greenland + Kazakhstan + Mongolia + Sudan + Democratic Republic of the Congo lol.
@@freeindeed8416I dont know what is it! What is Universal Basic Income? Explained! Cause I know is giving “free” money to everybody I guess for what reason and what would be the point of doing it?
UBI would help people who are getting paid low wages. The reason there is a minimum wage is because if there wasn't your employer would pay you less if they could.
It’s funny I’m probably very different from Dave Ramsey in my philosophical beliefs. I’m not religious, I don’t believe in God. I’m pretty liberal. But even I believe there is dignity in working. We all want to contribute to the world around us in some way. If there is universal income then there needs to be work associated with it.
That’s the point of UBI lol. Everyone gets it. And it’s not enough to sustain yourself alone. You need money to get a job. If you can’t afford a car or gas you can’t work. UBI is equality, not equity. In monopoly nobody starts off with nothing.
People on welfare are forced not to work which is why they're all depressed and addicted to junk. UBI solves that problem by letting people choose. Those same people don't want your dirty charity benefits either. Yet you want to pat yourself on the back for giving to the needy. Scum of the earth.
@@joshuaevans6065 yeah but in monopoly the money comes out of nowhere. In the real world someone would have to pay for that UBI (aka us tax payers). Nothing is free.
@@inspectorjavert5563 Yea. You know giving people a basic income does not automatically turn capitalism into communism. That's a false equivalence. I have received a Social Security Disability check for almost my whole adult life, but I didn't just take that check and sit on my butt as these guys seem to believe all people will do if they get UBI. Will some people do that? Yes, but many will also work and have a side hustle, as I did and will achieve financial independence regardless. I no longer depend on my Social Security check for my survival. I have an investment account and several side hustles as well. Lazy and ignorant are not necessarily a permanent state and discipline and diligent pursuit of a goal is in no way diminished by a dependable minimum income.
TED Talk worth watching: Poverty isn't a lack of character; it's a lack of cash | Rutger Bregman UBI will have different effects on different people. If a country can afford it I think it's a good idea - but only if people get the bare minimum so they will have incentive to find a job for a better life as well... Best of both worlds if you will.
In other words, its "free money". And we saw what happened to people who got free money during the pandemic. They spent it, and went into more debet. So, even though it's good intentions, it doesn't fix the problem.
There can be incentive with UBI… once gubment gets you hooked on UBI so you don’t have to work full time or at all, then they can require a certain social credit score or specific injections in order to continue getting paid. Some people are perfectly content with doing whatever others tell them to so they don’t have to work.
And that's the problem. Proponents of UBI always operate under the assumption that everyone is motivated for more, and that UBI will unleash people to explore creative and artistic ways of creating value if their basic needs are provided for. That may be true for some, but many people will just suckle at the teat and do nothing.
@@channell11who cares tho? You ever heard of worrying about yourself? Yeah some people are either going to be bad with money or never want to apply themselves, what's it to you?
@cloudbloodmusic what do you mean "what's it to you?" Maybe some of us don't want to pay higher taxes so said person can live for free? The government isn't going to just print this money. We pay it.
@@cloudbloodmusic It is important to me, because I am stuck funding a large portion of it. It doesn't matter to the bottom 50% because they pay so little tax anyway. When you pay 40k in income tax, after all deductions, and atleast another 40k in sales and hidden taxes, it matters.
There are more of the poor than there are rich people, so it's more profitable politically to make false promises to the poor and keep them poor and hopeful than to appeal to those above the median income or to actually solve their poor problems.
Doing something that benefits the majority of Americans of course is about winning elections. Because people win elections when they improve the lives of Americans.
I'm french I live in france and for years had quite a substantial help from the government for years ( approx 500€ per month for years ) That help me so much until i could get myself together and im now a super successful pianist and teacher , have zero dept and im in top 5% of incomes of france. The state helping you can also be amazing😊
@@cloudbloodmusic Would a high income earner and high spender, pay more or less tax in France? Not just individual taxes, but all taxes applied to products and corporations; that are ultimately rolled into the costs of goods. How would France treat my real-estate holdings? What taxes would be place on MY money(estate) upon my death?
All of the UBI experiments worked and it would go towards the homeless people struggling to make ends meet, NOT that lazy drug addict who couldn’t spend his money wisely. It worked in so many places, including the US. It also saved tax payers hundreds of thousands in not having to clean up after those people in damages. What we have currently is not the answer.
The core of most skeptical views of UBI are based in a reductive view of what constitutes "work." When Dave Ramsey says UBI diminishes the incentive to "work," what he means is "Nobody will be there to make my hamburger when I pull into the drive-thru." Dave is a chief who doesn't think the world will function without the maximum number of indians. The reality of the situation is, people determined to waste their life and do nothing will find a way to do that whether we pay them or not. Meanwhile, many people are trapped in bad job situations, letting their kids go unparented, all because they need the income to keep their lights on. Others have dreams that will go unfulfilled because lack of sufficient income keeps them tied to a pointless job. When you raise the income floor for people, you all but eliminate poverty, and give lots of people the breathing room they need to self-actualize their goals in life - something Dave preaches all the time.
Civically, I owe no one a chance to enjoy life more. If they want out of the trap, they need to learn to break it. If they don't, the consequences(up to and including death) rest fully on their shoulders. On top of that, any UBI would be fully consumed by inflation.
@@diggernash1 Nobody's asking you to do anything, or contribute anything. What's more, my version of UBI would also have you receiving it along with folks who need it. The "UBI will cause inflation" argument has long since been debunked. The government printed mountains of cash during the 2008 economic crisis, and later studies showed it didn't have anything to do with rising inflation.
@@ASimoneau As a top 10% income earner, who spends approximately 50k a year on material purchases beyond necessities, will my tax burden increase, decrease, or remain the same? What portions of the economy consumed the injections made following the 2008 meltdown? Who absorbed the losses prior to those injections? If you give every individual a payment, I assure you that people similar to myself will be working to take every penny of that money and put it in our bank accounts. They will know everyone has a little more and will angle to get every penny of it.
@@diggernash1 A $1,000/mo UBI can be paid for without raising individual tax rates. How it affects your tax burden will depend on answers to questions we don't yet have. The injections to the economy started with the corporate bailouts, but eventually filtered their way through the economy. What you, personally, do with your UBI has virtually zero economic effect. If you want to bank it, that's your choice. It will eventually be spent.
@@ASimoneau I make a little over 200k total income, in a low cost of living area. Kids are grown, no debt, give about 10% to charity. I spend a chunk on luxury items. UBI would be funded by high income earners, whether directly or indirectly; it is where the money exists. Much of those injections were used to stabilize balance sheets as housing prices plummeted. The whole system should have been allowed to collapse. Those with cash could have collected up property at even better discounts. This is entirely different from immediate, direct payments to individuals. The majority will begin to spend it day one. Sharks will smell blood and make every effort to collect all of it.
I was messed up when I lived with a whole community of folks who believed and look out for some handouts !! Man its lazy form of existence and is the reason I dont like people these days.. They kinda broke my trust with people
The college professors you reference, preach communism publicly but practice capitalism in their own lives. How many of them would be teaching if they were allowed to make a maximum of the minimum wage?
If your argument against communism involves the use of money it is fundamentally flawed. There is no money under communism. That’s the point of the system. There is no minimum wage because there are no wages.
What? Who wants the minimum wage as a maximum anywhere? A very large portion of college professors could have made a lot more doing something else, though yeah, they do still make a lot more than minimum wage jobs.
@@His.Lordship If they could make more money, they would be going and doing so, but they aren't. Most of them can't do anything else. But they preach socialism and communism to their students while getting paid, in a capitalist system, handsomely.
That’s exactly drummermikemccraws point. capitalism would mean the professor makes the same as someone who did not have to get a degree so he may not even be a professor because there’s no incentive to pursue higher education
Minor dispute but data shows that people in the UK have greater upward mobility than people in the US. However, there’s a lot that plays into this outcome difference.
I don’t mind an UBI, as a matter of fact I think it’ll be great for your average American that is living paycheck to paycheck which is a majority of the working population.
I have grit, discipline and patience! I struggle everyday to get by! I can’t get ahead! I look for investors for my business. American capitalism is a beast! What a country!
100%. If you study capitalistic systems, the entire structure turns into a financial pyramid where a very few at the top have mostly everything and the ones at the bottom gets the scraps of what’s left. It gets constantly harder to get your share. It’s very easy for guys like this to tell people how much money you can make by creating these goofy narratives, but he made his a long time ago and there ever smaller scraps left.
For most study’s of UBI , most people(more than 50%) pay bills or go to school with the money. UBI is not my solution but at least it’s a solution.most of the people that shit on UBI don’t give a solution other than work harder. If that worked the day laborer making 8/hr would be making way more money
It would definitely help the working poor, you know the jobs at Walmart, fast food, car washes construction the wages in this country are stagnant. The cost of living has gone up and the wages have stayed low.
This is a good warning for those who think UBI is an end all be all. Now before i rant, im actually FOR a UBI, but under circumstances. Andrew Yang's proposal for was interesting. In his proposal, the govt gives you 1000/month, but you have a citizen AND get off of other welfare programs. Now for me, a 1000 is not a livable wage. For me, it was a cushion that i could invest without extra effort. I would still keep my job, as it pays my bills, and just knock off my side hustles. But, thats just me.
Getting (or receiving) total disability is challenging. My mother almost died of sepsis and is a brittle diabetic and even she couldn't get disability. What if you have a chronic condition that requires many doctor's visits. Name 1 employer that will allow you to take all the time off for follow-ups, tests, and procedures. If anything, it's just another excuse an employer can use to drop you like a sack of potatoes.
We've got those now. Businesses get tax breaks to offer healthcare at subsidized rates to employees, which also creates an incentive to work a full-time job in order to get that coverage. Problem is, we also provide health care coverage to people that don't work.
What is said in this video is NOT Universal Basic Income. In the initial question they say it is targeted at low income people therefore making it not universal and Ken seems to be continuing with that sentiment before diving into communism. Worth pointing out that Marx specifically says he opposes UBI. Also just saying that UBI is not intended to replace work it meant to replace welfare. To cover the basics of human survival. Like food water shelter. People generally don’t like the basics and this show is perfect example of that many people fail on baby step two because it requires them to live on the basics. Fundamentally we do need some form a government aid to help those who cannot support themselves and one that can come without the judgement of being on welfare.
@@MrWookie1981 true but I personally see that as introducing flaws into the system. Welfare and other relief programs is seen as a negative in the country due to them benefitting some but not all. Leading to a “well I didn’t get anything so neither should you” mindset.
@@bChippsTruth is in Canada we have a form of UBI for seniors that is called OAS. Every senior gets it but is clawed back based on income. I have heard of people trying to make less money to avoid the clawback but I have never heard people complaining about some people getting it but not others. Sounds like a societal flaw you have there more than social program flaw.
I had to fact check the claim that Dallas has a larger economy than Sweden: Dallas Metro: $620.6 billion Sweden: $547.1 billion Both 2020 data. I am surprised.
@@Bigbilly-ms9bnGreat question. If we can count 40 million votes from our phones for a tv show on a Friday, what do we need "representatives" for? We don't need government as much as an oversight committee to see the work gets done.
In general no one should receive money without working. There are some special cases like certain disabilities on which we as a society can help others. We should be careful on how this money is administered. In my country all these social programs are an excuse for the government to have more employees, around 85% of the money goes to pay salaries of the employees who "administer" it and only around 15% goes to the people in need.
The government can not be charitable. It redistributes confiscated money for political gain; some to individuals and some to corporations. I believe all charity should be handled privately. Giving will reflect the society and whom they deem needy.
@@hastycontemplation so are we saying that we should just let all those people die?? A UBI would go a long way to helping pay off bills and putting food on the table. Why is Dave against having those things?
It's a Bible verse study the bible on laziness. If a men don't work he don't eat. A lazy hand lead to poverty while working hand lead to wealth. Give a men a fish you feed him for the day. If you teach a men how to fish, he feed for a life time. Learn the difference between pure laziness verse working. .You help people that failed on hardtimes not pure laziness that depends on you like you're their mommy and daddy. As someone is permanent disable, you have people faking disabilities so they don't have to work. It make it extremely harder for us real disable (visible and invisible) to get help. Read book by Robert D. Lupton Toxic Charity: How Churches and Charities Hurt Those They Help, And How to Reverse It People think you're helping others when you're actually hurting people. The mass Majority of homelessness people don't want help because society keeps feeding them.
UBI makes no sense without price controls. Universal basic services, including govt-provided [insert whatever] would at least make sense, regardless of if it’s a good idea
>UBI makes no sense without price controls While we're at it, why not also do forced labor, and centrally planned industry? Frankly, all those rubes deciding what to do with their lives has always been a great impediment to my plans of greatness!
The point of UBI is to keep the government out of your personal choices. What your proposing is what democrats would love to implement. Full control over every citizen.
If you’re living on welfare, universal or not, the government should be firmly inserted into your daily life to make sure you’re doing everything right. It doesn’t do enough of that as is
Chairman Mao during the 1960's tried universal basic income. Farmers did not plant because their pay was guaranteed if they worked or not. The ownership of their farms was also turned over to the government. Millions starved to death as a result.
john stossel did a segment about how the pilgrims tried socialism and they were almost wiped out bcs of how the lazy were incentivized to be lazier and it affected everyone around them. they decided to switch to everyone owning their own land and harvests and they started prospering
It's important to remember also that these farmers were not necessarily bad or lazy. It's human nature to do the things that you view as the most important. If all the sudden your income needs are satisfied then your job is going to seem less important than your family or cleaning your house or going on vacation or making sure you're taken care of your health. Those things are great but they do not help to benefit society if you were a farmer and now you're not. If you had to plant in order to get money you better believe those farmers are going to go plant. The reason communism always fails always has and always will is because it makes assumptions about humans that are dramatically false. It assumes that every single person regardless of anything is going to work hard just like they do when they have incentives. This Ubi study will definitely be a massive failure but might not be presented as a massive failure. It probably will be presented as a significant win. I can think of half a dozen ways right off the bat that it could be manipulated to the extent that the outcome would be worthless. Here's a couple for starters. You tell people that this is a Ubi study so they should make sure they still work hard. You give it to people who you know we're going to work hard regardless. You don't track bad behavior so the study only has positive outcomes possible. One of the positive outcomes of the study is people had more income which is not an actual outcome but could still be touted as such. Regardless of how the money is spent they could say that the money went to the community. They could also neglect to look at the person's long-term financial situation. Is this person already on an upward trend of self-improvement or not? Would this Ubi have long-term impacts on whether or not this person would go back to school? No doubt they will at least say that the Ubi study was at least a partial success and they will suggest that it should continue.
Ubi would just increase the cost of everything to the consumer. Think about it. You raise the minimum wage, that cost gets passed to business, then the business passes it on to consumer. Finally the people who are making the higher minimum wages complain that they can't afford anything. Then they request to increase the minimum wage again! Negitive feedback loop!
Yeah I agree. Dave mentions the welfare we have for the poor but makes no mention on the bailouts we give to failing companies or the subsidies we give to profitable corporations (oil, big agro, etc). Why can’t the working and middle class get their handouts too?
The only way I would support UBI is if the government takes all of social security ($1.2T), all of Medicare ($747B), all of Medicaid ($592B), other income security programs (totaling $581B) and used that money to fund it (numbers based on CBO for 2022). If people want UBI they need to be willing to sacrifice something for it.
I recently graduated highschool. From what I understand about this world is that capitalism IS very effective. But only up until a certain point. I'm talking late-stage capitalism. I wish they touched on the topic of the future. A.I. is taking over jobs at a rapid pace, and at this rate the only type of work that is to be left for my generation and our kids will be blue-collar related. And when we're upping in age needing to do labor - the only type of work that we'll be good for - a form of UBI may be necessary to sustain ourselves. This is an exciting topic for me and I'd love to start a conversation around it. I aim to learn. That's why I'm subscribed to this channel. 🫶🏾
UBI as proposed by Andrew Yang makes sense. It is to replace income, but also adds to income (still employed) of those displaced by technology and underemployed just the same. Reasoning for it: our government can fund Ukraine, Israel, and many more countries, and waste taxpayer money in all sorts of other ways, but it is unthinkable to put "Americans First."
@@jhfaleafine1870 There's no such thing as a free lunch. Someone has to pay and whoever is paying will jack up the price for their services or goods. UBI will cost $4 trillion a year. Last I checked, the fed only brings in about 5 trillion in taxes and we are $32 trillion in debt. If you want the extra $1000 a month, go earn it and contribute to the economy. You can earn $1000 a month easily doing just uber eats.
❤❤ "grit to overcome"! This is absolutely beautiful. People always succeed when they do it for themselves. There's a sense of pride that comes. Like loosing weight, once has to do it for themselves. Very beautiful! From East of Knoxville here, Ramsey!
I know plenty of people who cannot succeed, in terms of having gainful employment , even with herculean efforts on their parts. Employments that at least allow them some benefits like dental and health insurance. Sure many could find work, then they would lose all their health benefit, which in their state of health and the jobs they are able to work, could not afford.
@@Benjamin-to2zq I understand where you're coming from. I wish things could be their best all the time and people would have a chance to be successful.
@@marybaker8061 I wish a world where success doesn´t define your health outcome, or get´s combined with your character Rich= Good and Smart Poor = Lazy and Stupid We made a world where peoples lives depend on chance, when we can make a world where this chance is a right.
It might not have worked for certain reasons..... But you might know something I don't. My friends parents who grew up in Poland in the 70's and 80's said communism was not all bad so?
We’re closer to Fascism than I ever thought we could be. The corrupt tax breaks for the rich and the income inequality is gross. I’ve actually known people that died from cancer because of no healthcare. Disgusting.
@@brianmcg321 Probably some anime dorks posted to some subreddit or discord channel where they huff their own intellectual farts (and that's probably the most "wholesome" thing that goes on). I need a bingo card with their typical responses.
UBI isn't a form of Communism though. It is a simplification of the already existing welfare system. The idea is that instead of having 10 different welfare programs to administrate, you have 1 UBI program and abolish things like food stamps and welfare. This will net save the tax payer money in administrative fees, while being more effective than welfare was.
Ignorance. Communism is a moneyless and stateless society by definition. So in no way, shape or form, can be communism when the state hands out money. Makes zero sense.
@@mattbenz99 Until you have to work in the people's lithium mines to show your solidarity with the people's government to maintain your UBI as opposed to doing what you want to do. Whenever you take money from someone, you are setting yourself up for dependency. Boomer Dave gets it more than youngins thinking you can ride the tiger that bit the last guy who rode it and turned him into a human steak (I'll spare you the details on digestion).
Having bare necessities covered does not stop people from wanting more. It prevents people from needing to work 3 minimum wage jobs to feed their families.
I was already married when at one point I worked four jobs in one week. Get out there and earn your living. I’m now self-employed, I’ve had a business for 12 years. Excuses. Excuses!
Good for you. I would rather not have a single parent not being able to see their kids or forcing anyone to have no life. If the government can spend billions on killing people around the world they can spend that money on feeding those at home.
I'm pretty sure unemployment did more damage than the stimulus check. If people get a little bit of money with the opportunity to work they would. The focus is on a little bit of money cause the stimulus check was not stopping anyone from working.
It's a cumulative problem. Unemployment, stimulus, and monthly payments of the Child Tax Credit created significant disincentive for lower-skill people to get work since their labor value doesn't generate a lot of income. It demonstrated that for some people as long as their basic needs are met they have little ambition to go out and get more. A big issue that doesn't get talked about is dual-income households. In the case where the mother was working a lower-level job, it made a whole lot more sense to maybe take a slight cut in living standards and stay home with kids rather than continue working and dealing with daycare being closed every time some kid got a sniffle. A lot of people chose to do that.
If you watched documentaries about communes, they require everyone to work while not allowing you to have too many possessions as one of their rules to join
@@diggernash1 I agree. I was just stating the fact that I didn’t blow it on nonsense. However I could have still reached my goal without the stimulus, it has created more harm than good to our economy. That’s for sure.
Real issue is we are rapidly approaching a time where only a few will be needed to work to support the many. Do we all just work 1/2 time? Do we go back to single income family units? 10’s of millions of jobs will soon be eliminated in the US alone through advanced automation and AI. We will need to rethink how we value work and our place in this society.
Agree. There will still be some roles that can't be replaced. Like police, nurses, construction workers to an extent. Do we force people to work those jobs while the rest of us get vacation
I’m for it if we simply reallocate something form a current program and give it back to the people. Either that or cut spending and cut taxes which effectively does the same thing
It could result in greater efficiency by eliminating a whole host of government departments and programs, many with redundant and overlapping functions. But when have you known the government to willingly shrink in size and scope? And even in that case, we'd have to accept that if someone were to be stupid with their money and get in a bind, that we wouldn't help them because we've eliminated all the other social programs. But that's not going to happen, and the instant you relent the whole program is undermined and the incentive gone.
I used to flip electric guitars during the recession of 08-12, it helped me survive. Been trying to get back into it, but, can't find any deals right now that are worth buying.
Universal income just means the costs go up. You give universal resources not cash. Basic health, food, housing, etc. nothing elaborate or excessive so their is still value in work.
@@beckypetersen2680 it could be vouchers or you build houses specifically for this. There are already low income housing locations in most communities. One idea I read was building small home developments. Keep in mind, what ever these are should be fairly minimal and not intended for forever living. Considering these would be free or low cost they could be in undesirable safe locations.
That's one part of capitalism a lot of people who claim to be 'capitalists' tend to forget. That and the part where Smith warned of any government policy that was backed by industry. Citizens United and political donations from corporations would leave Smith completely baffled.
I saw this 1st hand at my local post offices. Postal workers claimed "covid scared" and were paid to stay at home. This went on for 3.5yrs!!! The managers couldn't get them to come back to work so they started a huge hiring campaign.
Nah, this is totally wrong. UBI is actually more capitalist than what we have now. It's the only form of wellfare that doesn't create an incentive not to work, unlike unemployment, disability, etc. Milton Friedman, Hayek, and modern conservative economists like Mankiw all support it. It is genuinely the single policy that could most improve well-being of people in America and supercharge capitalism in the process. Dave should seriously reconsider this. For anyone interested in the pro-capitalism view on UBI I recommend checking out the Andrew Yang interview with Stuart Varney.
So where is the money coming from? Before you say the rich it been proven as you tax the rich they move to other countries with less taxes and at the end we end up like Cuba where Cubans say and I quote. They pretend to pay us and we pretend to work.
Even members of the Libertarian party support UBI. The problem is people conflate ubi with our current system, which is an utter failure that deincentivise work.
The only way UBI has a prayer of working or creating incentive is that if it replaces every other form of welfare or entitlement program instead of adding to it. Giving money to people who have historically shown poor ability to manage it isn't typically a winner, but current systems create disincentive and put barriers in place to anyone getting off them (mostly because the government relies on dependence of the population and solving problems means politicians and government workers would work themselves out of a job). The Libertarian view embraces it because it should theoretically reduce the size of the state and the expansive programs that we have now, while simultaneously giving people agency. But the second you relent and help out some person that chose not to work and blow their UBI on nonsense and their family is going to starve and get kicked out of their house, then you've undermined the whole program and the incentive structure.
That’s all theoretical. The reality is, and you can do the research too, of all the cities in America the tried UBI. None of them could afford to pay a livable wage. Only 200-400 a month. There isn’t enough money in our economy to provide UBI that’s of a livable wage. Also, all of those programs end after 6 months to 2 years (depending on the city). The concept of UBI is far to expensive for a country like America. Plus, at some point the government will run out of money because it needs to spend on other things and when the government gives money in the form of UBI it wont get money back in the form of income taxes.
4:57 _"Sweden is smaller than Dallas!"_ So what?! Being small makes you wealthy? So why doesn't Africa divvy up in 2000 countries and solve all poverty? Geeze Louise, the lengths people will go to deny a reality they know darn well to be true but are afraid to say out loud . . .
It's less to do with wealth and more the fact that small, homogeneous, geographically concentrated populations with shared culture and goals are a lot more conducive to managing universal social welfare programs.
So, we divvy up Africa precisly into "small, homogeneous, geographically concentrated populations with shared culture and goals" - should we be expecting trips to the Moon on flying pyramids? Yes? Or are you honest?
Um, Sweden's government has been pushing back on the " Sweden is a successful socialist country" for years now. After experimenting with socialist financial policies ( which failed) , they moved back to a free trade, deregulated market economy. Their current financial market policies are as about as far away from socialism as you can get.
@@MatthewGDunlap Semantics. If a country is taking near(or over) half of workers' income; and then determining how to redistribute that income, who is defining the lifestyle of their citizens. If you told me I could be comfortable and happy, with a ceiling to wealth accumution; or free to struggle and succeed greatly or fail utterly, I am choosing the latter. I want to have every penny my labor and ability can bring me, to do with as I see fit.
Nope. The money is already printed. Inflation would only be caused by printing more money, which doesn’t need to happen. You implement a value added tax like the rest of the developed world already has in place.
@@joshuaevans6065 Not just the "developed" world. Cut it with that elitist terminology. In fact, the term "developing" is actually a far better compliment because it implies that your economy is on the up-and-up, and bound towards prosperity. The future is in the emerging economies, not in the decaying post-industrial "first world".
@@joshuaevans6065 It will cost $4 trillion dollars to run UBI. Last I checked, fed only takes in $5 trillion in taxes and got $32 trillion in debt. Money needs to be printed out of thing air for UBI. We had a test run printing money for COVID relief. Now we are in an inflationary mess.
Sweden is a capitalist market economy, with social security. to be honest a UBI is more capitalist than social security, instead of only a certain percentage of people with certain criteria getting government assistance. everyone gets a certain bare minimum amount UBI to pay for BASIC food, water and housing. do you want more than the basics? then you can go to work, it is a fairer system than social security. The most capitalist (and the best) option is lowering income tax on work, so people have more income to pay for these expenses. this also encourages working.
This is a shameful misconception of UBI. A couple hundred bucks a month isn't enough to discourage or replace work. And it isn't "for poor people". Universal means that everyone would receive the same amount, in the same way that the annual Alaskan oil proceeds are distributed equally among the citizens of the state. Republicans have kicked around the FairTax plan for two decades and its essentially the same concept with different terminology.
@@lefromthecity i can tell you don't deal in real world applications. I can tell you as a fact, AI is not going to replace programmers in 5 to 10 years. I can guarantee it.
@@freedomring3022 ?? I use them almost ALL the time. Lol I just noticed that. I went to target, Costco and whole foods and used self check out all the time.
@@freedomring3022lol where do you live? Self check out is my preference and the preference of most! Just the old and incapable choose to go to a normal checkout
And yet we socialize corporations. There's moderation with everything which is which "social security" is the most popular program in the U.S. bruh says actively managed funds over index funds. He a dub!!!
For the people saying it wouldn’t cause inflation because they could just raise the tax rates. If every working American paid 100% of their income in taxes it still wouldn’t cover all of the obligations the government has now in a given year. There is no possible way of raising taxes enough to cover something of this magnitude.
then you just have more inequality and a lack of resources. throwing money at a problem doesn't help anybody. me, i don't care. people could get UBI and still whine because it's $500 per month and an Obama lunch. i would probably quit my job and when UBI payday comes, go collect my money and extort people as a pseudo government employee. Poor people would never follow the rules. Pay me or go to jail.
I miss AO and Hogan. Chris Hogan and Dave were a great team. He was the only one that could share a stage with Dave equally. Dave takes the stage from everyone else.
Why wouldn't people see UBI as feasible? After all the money they keep printing and giving to other countries, it's hard for the average person to understand why the American citizens shouldn't be able to get some of that cheese.
First of all, Karl Marx is the father of socialism, not communism, and UBI is not an inherently communistic or socialistic policy, but I digress. Secondly, though there are most certainly plenty of people that spend any money given to them arbitrarily, I think you grossly underestimate the number of people that, with the added free time and increase in living expenses, would spend their money productively. I know the first thing I did with my stimulus check was use it to contribute to my ROTH IRA, which I had never had before, and there's been quite a few studies that showed participants in experimental UBI programs actually used the money they received to invest in themselves, fund passion projects, and made investments in business and assets. I know TONS of people who took their pandemic stimulus check that funneled the whole thing into the stock market... and certainly there were people who lost it all on companies that weren't as sound of an investment as they thought, but there were also people who made the right calls to earn themselves complete financial freedom, and it stimulated the market overall. I will concur that, up until this point in time, UBI as a policy would not make much sense... but in a world where A.I. will be replacing millions upon millions of desk and service jobs to a point that entire multi-billion dollar companies may be able to operate themselves entirely on machines and not actual workers (which google is getting closer and closer to attaining every day), there's going to be a critical point in our modern society where the availability of jobs will be so small it will cause a complete and total cascading failure to keep the working class stable. We are ALREADY feeling the effects of this where even getting a simple greeting or cashier job at Walmart can no longer be attained by walking into the store and making a good impression on the boss. Even low paying retail jobs these days require you to submit your resume and application through a sorting algorithm that penalizes you for trying to stand out, and there's already serious problems that these sorting algorithms are using to recommend the "best" applicants by being biased against age and even race in some cases. We are going to have to address that problem at some point, like or not, and UBI is just one potential solution. Personally, I don't see a problem if companies like Amazon want to be 100% autonomous or AI Controlled if they have to pay a huge tax for it that would funnel directly into UBI programs. It might, of course, just be easier to pass legislation that requires a certain percentage of the workforce of these companies are required to be human, but there's an argument to be made that you'd be actively passing legislation against technological progress in that regard. When humans are no longer needed to run companies or manufacture goods... what is a human supposed to do to provide for themselves and their families?
![Stromae, Pomme - “Ma Meilleure Ennemie” (from Arcane Season 2) [Official Visualizer]](http://i.ytimg.com/vi/1F3OGIFnW1k/mqdefault.jpg)
As a Cuban living in USA, I can personally tell hundreds of stories of communist fails. A lot of people confuse the "American Dream". Its not about becoming rich, its about the opportunity to become successful if you put effort. In places like Cuba no matter how much you work, the government prevent you from becoming successful ("EVERYBODY IS EQUAL"), except for the government officials.
From my experience there are no greater supporters of capitalism than those who have personally experienced communism.
How many slaves did your family own before Castro chased you out?
ok gusano
A lot of people are struggling out there. We are suffering and don't know where our next meal is coming from. A UBI would go a long way to help all of us out. It would mean we could pay all our bills and have food on the table. Why is Dave against us having all of that?
@@costco_pizza not how it works.
Genisis 3:19, " By the sweat of your brow, you will eat your food until you return to the earth". You have to work.
The bible also said to drag your disobedient child outside the city and murder him. The is the book of the devil. Not a book of wisdom.
The funny part is when I started getting those checks during the pandemic, that’s when I searched for the word “budget” on youtube and found this show. I was already out of debt, but because of this show I have a six-month emergency fund, a Roth IRA, my HSA funds are invested, and I have a lot more hope for the future. Was it the checks? No. But a desire to use that money wisely motivated me to change my entire financial future.
I know I’m a weirdo, though. That’s why I fit in here :)
If you aren't a billionaire by now, Ramsey would consider you a failure. 🤣
@PrimericanIdol thats dumb lol. Building wealth is a long term play.
@@crashtestdummy1972 I'm joking. And making fun of Ramsey's whacked out rants.
@@PrimericanIdol oh lol! I love Ramsey but sometimes he does a little wild in his rants
@@crashtestdummy1972 Oh. Wanna see WILD? Go listen to Dan Peña.
If UBI was conditioned on cutting government spending/programs, I would fully support it. I would rather the money be given to taxpayers than bureaucrats.
@@R2D2677: As a former rank-and-file government employee myself, I can attest to the outlandish waste of government resources. I would not hesitate to take an axe to federal programs.
UBI is government spending.
10% for the big guy
Key point right here (2:35): "If you pay people to not work, please expect them to not work."
Dave is describing the current welfare system, not UBI. UBI is paying people that work as well. The current system rewards those who don’t work and punishes those that work and pay taxes. If you work over a certain amount you get nothing, and those that get welfare often get more than those that do work.
That's a stupid quote. UBI doesn't pay for your whole life needs and wants. Sure, some will not work. But others will want to enjoy life and so they'll find work so they can have money to have fun or improve their lives.
On the current welfare system all of that is impossible as anyone 8n that system is held down with their face in the dirt with no hope if escape.
You are stupid and so is Dave.
@@joshuaevans6065 but it certainly won't incentivize anyone to work
I don’t know but if I received a 1K a month UBI that wouldn’t stop me from working because i wouldn’t be able to live off of 1K a month.
@@joshuaevans6065 You're on point on there. UBI is paying basically everyone something. But my argument against is it causes inflation! Everyone working minimum wage making $15/hr plus everyone on UBI making say $2000/mo. Now that minimum wage guy is making $4600/mo. But the guy on UBI is still only making $2000/mo. There's either going to be a race to the bottom on paid work (at least within minimum wage, as positions transition there) or there'll still be no work. You'll create not just towns and cities with high unemployment but everyone everywhere, entire generations without work since they lack skills or experiences. Education doesn't replace learned skill or experience either, otherwise you'd hire a recent Harvard MBA grad as the next CEO of a beer company.
The problem with UBI is that landlords, producers of goods and services, and government "fees" will easily eat up all the value of that UBI by raising their prices accordingly.
The government can print money but not goods. So when everyone uses that money to buy the same amount of goods you run out of goods and whatever is remaining costs much more. It's not the greedy landlords bidding up the prices it's the 10 people bidding for the same house.
Why does anyone trust the government to do anything useful? They're self serving and corrupt. All the money would funnel into family and fraud.
@@commonabond Dave just doesn't have a heart. A lot of people are struggling out there. We are suffering and don't know where our next meal is coming from. A UBI would go a long way to help all of us out. It would mean we could pay all our bills and have food on the table. Why is Dave against that?
@@costco_pizza Did you not listen to his response, he clearly explained his position which is a correct take on it.
Your point is very valid most of the "incentive" crap is BS people with UBI often become more social economicly mobile.
The government won’t take it but they will tax the hell out of it!
Same difference.
A check without work is very bad for people. My neighbor was obese and got laid off. So he got unemployment checks for 2 years. They never really made him look for work so after the two years he got a doctor to sign off on disability. Then he sat in his apartment and ate until he got diabetes and almost lost his foot. He was in the nursing home twice and the last time they returned him unable to walk. They left him alone in the apartment and he couldn't get the wheelchair to the front door to let the nurse in. He also would fall down and have to call EMS to pick him up. Those checks destroyed his life. When he was working he had to walk to the train and then he would go out walking after work. But once there was no necessity, his addiction destroyed him. Now he's in the nursing home harassing the staff instead of us Neighbors
that's right guys. if you ever accept unemployment, you'll end up in a nursing home and unable to walk!
For every deadbeat welfare/unemployment story, I can find multiple success stories (or stories where the recipients benefited from the welfare).
Unlike Dave's opinion, the welfare system actually works. It's literally (literally) taught in the Bible by God, Himself, upon His people. The problem with those who oppose the welfare system are thus:
1) They mistake politics/social policy for religion (ie pure, unadulterated capitalism is heaven sent, and ANY form of socialism is of the devil)
2) They fear the few who will misuse the blessing and game the system more than they value the many who will benefit from it.
Having said all that, this clip went from universal income to general welfare for some insane reason, and I would separate the two. Welfare should be used to provide services to the poor and needy. Universal income is just an injection of money into the economy to rebalance the system, and I'm with Dave et al on this one: it won't work. If you lack income, then do all that you can by the grace of God to work another job or find a better job.
A lot of people get paid without work, whether it’s government, welfare, benefits, or inheritance or other lottery winnings. And you could even say that about Dave’s kids. But it’s still a bad idea to have UBI for other reasons.
@@nottelling4828Government Forced Welfare distributed by a central government cannot be found in or endorsed by the Bible.
This has nothing to do with the checks. It has more to do with his lazy lifestyle
The biggest problem with UBI is that it doesn't actually produce any value. Money only has value when it is backed by the sale of goods or services. UBI supported by money printing would only devalue the currency and increase inflation. UBI supported by taxes (taking money generated from goods/services and reallocating it) would cost more in overhead (accounting, management, allocation) than it would in value. In simple terms, math prevents UBI from ever having a net positive benefit.
Central bankers seem to have no qualms about printing up trillions of dollars every year out of thin air.
Good point. Reduce overhead even more: stop taxing people making less than 36k
Except it wouldn’t require any more money to be printed. You implement a value added tax (which is more fair than the income tax system currently in place.)
@@joshuaevans6065 in addition to sales taxes and income taxes or as a replacement? Either way, this results in goods/services being priced higher to account for the taxes.
Yeah this is only true if you don't recoop the ubi in taxes. I think most people would end up with a wash, but a wash with a much less scary floor, and one without incredibly annoying means testing. I think a ubi would be better than a bureaucratic nightmare of a welfare state.
I come from Cuba and will always be grateful to this country… my country. We can improve but this is the best system out there ,nothing is free in life it just doesn’t work, I wish it did. Realize that people die to come here.
Gawd bless Murica 🤓🖕
I actually didn’t really like Dave’s analysis of Sweden. Sweden is a capitalist market economy. Anyone who claims they are socialist doesn’t know much about them. They are capitalists with a higher funded healthcare/welfare system and much higher taxes
Are 3% of their deaths assisted suicide like it is in Canada. You put the government in charge, and they will start killing people they view as a burden.
This is correct. The same is true for Denmark, Canada, and some of the other places that are accused of that. None of these nations have a centrally controlled economy (the USSR had this and we know what happened there). That would involve price controls and the control of supply and demand. These countries are very capitalist with large social safety nets.
Sweden doesn’t even have a minimum wage. They also had no lockdown during the pandemic. In some ways they’re more free market than we are.
Also the GDP of Sweden is $712b while the Dallas metro is $600b. I don't know where he gets his facts.
@@Primitive_Code he probably got his facts from 10 years ago, but since Sweden is a capitalist country, their economy has grown
The man who does not work, does not eat.
Unless he takes out a PPP loan, or gets another government subsidy, then he gets to eat.
Said the neanderthal
That quote came from the same book that said if your child is disobedient you must drag him outside the city and murder him. Idk if I'd trust that kind of wisdom
@@andread9899 Neanderthal?
@@andread9899 actually PDS just did a special where they pretty much admitted that neanderthals were just ugly humans
UBI would take power away from business owners and companies like the stimulus unemployment program did. Employees left employers who treated people like crap and had to treat people better to survive.
The stimulus money helped people who didn’t receive the unemployment money. Before 2020 employers took advantage of people who couldn’t say “no”.
The problem is when businesses and landlords see that extra money, they’re going to raise the prices and we’ll be in the same situation as before. The best thing to do was to make career/job changes while the money was being handed out.
Speak for yourself 🤓🖕
Well said Dave!
@mba2ceoat leat he knows what he is talking about, my opinion.
@@unfairsanic5089 bro he thinks Sweden is socialist. He definitely doesn't know what he's talking about lmao
He knows nothing
He scammed his many followers with Time Share Exit Team.
He has never studied history either
He calls am impoverished are the "ghetto"
Clearly he has never studied history
@mba2ceohe is a horrible person and a phony
Like a TV Preacher
@@cloudbloodmusic Yea. You know giving people a basic income does not automatically turn capitalism into communism. That's a false equivalence. I have received a Social Security Disability check for almost my whole adult life, but I didn't just take that check and sit on my butt as these guys seem to believe all people will do if they get UBI. Will some people do that? Yes, but many will also work and have a side hustle, as I did and will achieve financial independence regardless. I no longer depend on my Social Security check for my survival. I have an investment account and several side hustles as well. Lazy and ignorant are not necessarily a permanent state and discipline and diligent pursuit of a goal is in no way diminished by a dependable minimum income.
It's called using other people's money for your election campaign.
Money is at the job if you are able bodied
I grew up dirt in Appalachia. I went to the military then college. Now I make well over 6 figures. Anything is possible with hard work.
Gawd bless Murica 🤓🖕
Not necessarily
Equip yourself with skills that people can benefit from, and they will pay you for it
No country it’s perfect, just that this it’s the least bad
@@Erick10zz I just wanted to say a lot of people are struggling out there. We are suffering and don't know where our next meal is coming from. A UBI would go a long way to help all of us out. It would mean we could pay all our bills and have food on the table. Why is Dave against us having all of that?
@@costco_pizza because ubi hasn’t worked, move to cuba where im from and live there for a week only, check it out
@@costco_pizzabrother I'm sorry to hear you're not doing well but let me also say that you need to hear the hard truth... There is so much money out there, if you're not where you want to be it's because the effort isn't there or focused in the right direction. Not saying you don't work hard, don't get me wrong. Unfortunately tho if working hard was enough to be rich, then roofers and oil riggers would be the richest people in the country 😂 you need to understand how money works and get started on the right path. In 10 years you could be on top of the world I'd guarantee it
@@costco_pizzawe aren't against you having stuff.. we feel you're better than "a basic life" getting govt dribbles and freebies just enough to keep people in 10 story apartments with just enough money to barely live. Eating fake meat and bugs. Keeping our thermostats at 78 and taking the bus. While politicians have mansions and good food. 10 car motorcades and millions of dollars. Don't think the govt just wants to help you. The establishment we are fighting wants to keep you in line, passive and complacent. You're better than that and if I can do it you can do it you just need to decide enough is enough and go get it brother
truth of the matter is: no matter what the purpose of UBI is, people will use it differently depends on their purposes. some will squander it away at gambling, some will stop working and succumb to addictions, and some will use it to find better workplace and/or have more leverage in life. Let the chips fall where it may.
This is the bottom line. If UBI is not tied to income already and everyone gets it, well, the homeless by choice will still be homeless, and the hard working and wise, will probably invest it.
@@beckypetersen2680the "homeless by choice" would at least be able to eat tho
@@beckypetersen2680 Most UBI is income tested. It guarantees a certain level of income. Not everyone gets a cheque in the mail.
@@cloudbloodmusic Not necessarily. For some homeless forgetting their situation is their first priority. How they choose to forget... well that comes in many forms.
@@crulius.pontanian I'm saying they'd be able, not that they're 100% going to make good decisions with said money.
I work in tech and I'm not sure how we have society without ubi as AI takes more and more careers. I think at some point society flips from being productive to finding purpose in life
Well said. Ramsey are in denial that all the jobs will be gone!
you're in denial that AI will improve anything. well unless you like genocide of blacks.
@@cianlernihan6417no, once jobs are all automated THEN we can discuss something like that but until then we need people to work. The avg construction worker is 60. We are soon to be running into a serious problem
It's easy.. don't create AI. This is such a stupid trend
I had to laugh when he points out "the entire GDP of Sweden is smaller than.... DALLAS. 😂😂😂
He's comparing apples to oranges. The GDP of greater Tokyo is more than Siberia + Greenland + Kazakhstan + Mongolia + Sudan + Democratic Republic of the Congo lol.
The US also has more revenue because of their GDP to afford a UBI.
also its not true
Gawd bless Texass 🤓🖕
Please do a show with someone like yang and discuss UBI I really think the show and the audience could benefit from learning what UBI actually is.
Absolutely
It’s pretty clear what it is
@@freeindeed8416 then why was most of what was said in this video wrong?
@@bChipps What was said in this video isn't wrong.
@@freeindeed8416I dont know what is it! What is Universal Basic Income? Explained! Cause I know is giving “free” money to everybody I guess for what reason and what would be the point of doing it?
Agreed and I'm glad more people are realizing what is happening
UBI would help people who are getting paid low wages. The reason there is a minimum wage is because if there wasn't your employer would pay you less if they could.
Why is your life all about others having control over you? You sound like a small child.
It’s funny I’m probably very different from Dave Ramsey in my philosophical beliefs. I’m not religious, I don’t believe in God. I’m pretty liberal. But even I believe there is dignity in working. We all want to contribute to the world around us in some way. If there is universal income then there needs to be work associated with it.
That’s the point of UBI lol. Everyone gets it. And it’s not enough to sustain yourself alone. You need money to get a job. If you can’t afford a car or gas you can’t work. UBI is equality, not equity. In monopoly nobody starts off with nothing.
@@joshuaevans6065 In Monopoly every starts out with nothing but a couple hundred bucks.
People on welfare are forced not to work which is why they're all depressed and addicted to junk. UBI solves that problem by letting people choose. Those same people don't want your dirty charity benefits either. Yet you want to pat yourself on the back for giving to the needy. Scum of the earth.
@@joshuaevans6065 yeah but in monopoly the money comes out of nowhere. In the real world someone would have to pay for that UBI (aka us tax payers). Nothing is free.
you agree? You're a conservative now, if you agree with anything dave says, according to today's progressive liberals
You can't expect any business owner/ entrepreneur to be in support of the universal income. 😂
Yep. They want wage slaves.
Come on, man, with UBI people can sit at home and do drugs all day. Why do you gotta ruin the fun?
@@jeffsmith9420 Comparing working for an hourly wage to slavery is pretty belittling to people that were actually enslaved.
@@inspectorjavert5563 Oh...... Seriously trying to pull that type of nonsense is complete BS. Move along troll.
@@inspectorjavert5563 Yea. You know giving people a basic income does not automatically turn capitalism into communism. That's a false equivalence. I have received a Social Security Disability check for almost my whole adult life, but I didn't just take that check and sit on my butt as these guys seem to believe all people will do if they get UBI. Will some people do that? Yes, but many will also work and have a side hustle, as I did and will achieve financial independence regardless. I no longer depend on my Social Security check for my survival. I have an investment account and several side hustles as well. Lazy and ignorant are not necessarily a permanent state and discipline and diligent pursuit of a goal is in no way diminished by a dependable minimum income.
TED Talk worth watching: Poverty isn't a lack of character; it's a lack of cash | Rutger Bregman
UBI will have different effects on different people. If a country can afford it I think it's a good idea - but only if people get the bare minimum so they will have incentive to find a job for a better life as well... Best of both worlds if you will.
UBI payments would be entirely consumed by a rise in the cost of living.
To be fair UBI isn't so you don't have to work, it's just to cover the four walls so you can get out there and work the kind of job you want to do.
The kind of job most people want is no job at all. Or something ridiculous like being a TikTok star.
If you wanna work the kind of job you want to do then you are consenting to the possibility of not making as much
In other words, its "free money". And we saw what happened to people who got free money during the pandemic. They spent it, and went into more debet. So, even though it's good intentions, it doesn't fix the problem.
That’s irrelevant. It’s a terrible idea all the way around.
We are debt free including the house. With UBI, we could quit working as it would pay for taxes and insurance on our four walls.
There can be incentive with UBI… once gubment gets you hooked on UBI so you don’t have to work full time or at all, then they can require a certain social credit score or specific injections in order to continue getting paid. Some people are perfectly content with doing whatever others tell them to so they don’t have to work.
And that's the problem. Proponents of UBI always operate under the assumption that everyone is motivated for more, and that UBI will unleash people to explore creative and artistic ways of creating value if their basic needs are provided for. That may be true for some, but many people will just suckle at the teat and do nothing.
@@channell11who cares tho? You ever heard of worrying about yourself? Yeah some people are either going to be bad with money or never want to apply themselves, what's it to you?
@cloudbloodmusic what do you mean "what's it to you?" Maybe some of us don't want to pay higher taxes so said person can live for free? The government isn't going to just print this money. We pay it.
@@blue-wb8yn do you even know what taxes would be paying for UBI? (Andrew Yang's proposal I'm talking about)
@@cloudbloodmusic It is important to me, because I am stuck funding a large portion of it. It doesn't matter to the bottom 50% because they pay so little tax anyway. When you pay 40k in income tax, after all deductions, and atleast another 40k in sales and hidden taxes, it matters.
It is not about giving the lower income or poor people money to survive it is about buying votes plain and simple.
If that’s true people haven’t learned anything the past three years.
It's actually worse than that. Look at communist Russia to see the real truth
There are more of the poor than there are rich people, so it's more profitable politically to make false promises to the poor and keep them poor and hopeful than to appeal to those above the median income or to actually solve their poor problems.
Doing something that benefits the majority of Americans of course is about winning elections. Because people win elections when they improve the lives of Americans.
@@christingle2004 it doesn't improve the lived of Americans tho
I'm french I live in france and for years had quite a substantial help from the government for years ( approx 500€ per month for years )
That help me so much until i could get myself together and im now a super successful pianist and teacher , have zero dept and im in top 5% of incomes of france.
The state helping you can also be amazing😊
The issue is Americans are idiots, even the ones that others consider "smart"
Did you pay back those who were harmed by your taking of public assistance? Why did they owe you the opportunity to have a better life?
@@diggernash1 do you know how France even works?
@@cloudbloodmusic Would a high income earner and high spender, pay more or less tax in France? Not just individual taxes, but all taxes applied to products and corporations; that are ultimately rolled into the costs of goods.
How would France treat my real-estate holdings?
What taxes would be place on MY money(estate) upon my death?
@@diggernash1 what does that have to do with rich people being "harmed" because someone is on assistance?
All of the UBI experiments worked and it would go towards the homeless people struggling to make ends meet, NOT that lazy drug addict who couldn’t spend his money wisely. It worked in so many places, including the US. It also saved tax payers hundreds of thousands in not having to clean up after those people in damages. What we have currently is not the answer.
The core of most skeptical views of UBI are based in a reductive view of what constitutes "work." When Dave Ramsey says UBI diminishes the incentive to "work," what he means is "Nobody will be there to make my hamburger when I pull into the drive-thru." Dave is a chief who doesn't think the world will function without the maximum number of indians.
The reality of the situation is, people determined to waste their life and do nothing will find a way to do that whether we pay them or not. Meanwhile, many people are trapped in bad job situations, letting their kids go unparented, all because they need the income to keep their lights on. Others have dreams that will go unfulfilled because lack of sufficient income keeps them tied to a pointless job.
When you raise the income floor for people, you all but eliminate poverty, and give lots of people the breathing room they need to self-actualize their goals in life - something Dave preaches all the time.
Civically, I owe no one a chance to enjoy life more. If they want out of the trap, they need to learn to break it. If they don't, the consequences(up to and including death) rest fully on their shoulders.
On top of that, any UBI would be fully consumed by inflation.
@@diggernash1 Nobody's asking you to do anything, or contribute anything. What's more, my version of UBI would also have you receiving it along with folks who need it.
The "UBI will cause inflation" argument has long since been debunked. The government printed mountains of cash during the 2008 economic crisis, and later studies showed it didn't have anything to do with rising inflation.
@@ASimoneau As a top 10% income earner, who spends approximately 50k a year on material purchases beyond necessities, will my tax burden increase, decrease, or remain the same?
What portions of the economy consumed the injections made following the 2008 meltdown? Who absorbed the losses prior to those injections?
If you give every individual a payment, I assure you that people similar to myself will be working to take every penny of that money and put it in our bank accounts. They will know everyone has a little more and will angle to get every penny of it.
@@diggernash1 A $1,000/mo UBI can be paid for without raising individual tax rates. How it affects your tax burden will depend on answers to questions we don't yet have.
The injections to the economy started with the corporate bailouts, but eventually filtered their way through the economy.
What you, personally, do with your UBI has virtually zero economic effect. If you want to bank it, that's your choice. It will eventually be spent.
@@ASimoneau I make a little over 200k total income, in a low cost of living area. Kids are grown, no debt, give about 10% to charity. I spend a chunk on luxury items. UBI would be funded by high income earners, whether directly or indirectly; it is where the money exists.
Much of those injections were used to stabilize balance sheets as housing prices plummeted. The whole system should have been allowed to collapse. Those with cash could have collected up property at even better discounts. This is entirely different from immediate, direct payments to individuals. The majority will begin to spend it day one. Sharks will smell blood and make every effort to collect all of it.
I was messed up when I lived with a whole community of folks who believed and look out for some handouts !! Man its lazy form of existence and is the reason I dont like people these days.. They kinda broke my trust with people
The college professors you reference, preach communism publicly but practice capitalism in their own lives. How many of them would be teaching if they were allowed to make a maximum of the minimum wage?
They would still be teaching nonetheless because what they do is fake work, and their _tribe_ has long been known to avoid manual labor.
If your argument against communism involves the use of money it is fundamentally flawed. There is no money under communism. That’s the point of the system. There is no minimum wage because there are no wages.
What? Who wants the minimum wage as a maximum anywhere? A very large portion of college professors could have made a lot more doing something else, though yeah, they do still make a lot more than minimum wage jobs.
@@His.Lordship If they could make more money, they would be going and doing so, but they aren't. Most of them can't do anything else. But they preach socialism and communism to their students while getting paid, in a capitalist system, handsomely.
That’s exactly drummermikemccraws point. capitalism would mean the professor makes the same as someone who did not have to get a degree so he may not even be a professor because there’s no incentive to pursue higher education
Minor dispute but data shows that people in the UK have greater upward mobility than people in the US. However, there’s a lot that plays into this outcome difference.
I don’t mind an UBI, as a matter of fact I think it’ll be great for your average American that is living paycheck to paycheck which is a majority of the working population.
I have grit, discipline and patience! I struggle everyday to get by! I can’t get ahead! I look for investors for my business. American capitalism is a beast! What a country!
Cause what u bust u bu.t people titans like Dave already has ...we get a slice 🍰😞 bro they have the whole cake.keep them poor they say
100%. If you study capitalistic systems, the entire structure turns into a financial pyramid where a very few at the top have mostly everything and the ones at the bottom gets the scraps of what’s left. It gets constantly harder to get your share. It’s very easy for guys like this to tell people how much money you can make by creating these goofy narratives, but he made his a long time ago and there ever smaller scraps left.
@@LuisLopez-nk7fj brother I am working my tail off! I’m tell you the American 🇺🇸 dream is a nightmare 😱
@@jasonmoquin very true table scraps then say let them eat cake 🎂
For most study’s of UBI , most people(more than 50%) pay bills or go to school with the money. UBI is not my solution but at least it’s a solution.most of the people that shit on UBI don’t give a solution other than work harder. If that worked the day laborer making 8/hr would be making way more money
Universal Income guarantees lifetime voters...
My vote is not for sale 🤓🖕
Andrew Yang had a different approach to it that I did like. His Joe Rogan interview changed my view on his version.
It would definitely help the working poor, you know the jobs at Walmart, fast food, car washes construction the wages in this country are stagnant. The cost of living has gone up and the wages have stayed low.
It wouldn't help at all, because the cost of living would rise to consume every penny.
Walmart would just pay them less - if they could.
This is a good warning for those who think UBI is an end all be all. Now before i rant, im actually FOR a UBI, but under circumstances. Andrew Yang's proposal for was interesting. In his proposal, the govt gives you 1000/month, but you have a citizen AND get off of other welfare programs. Now for me, a 1000 is not a livable wage. For me, it was a cushion that i could invest without extra effort. I would still keep my job, as it pays my bills, and just knock off my side hustles. But, thats just me.
If ur elderly n disabled medically, that's one thing, if u can walk, talk n think, you can work!
The reality is about 1% of Americans can think.
Getting (or receiving) total disability is challenging. My mother almost died of sepsis and is a brittle diabetic and even she couldn't get disability. What if you have a chronic condition that requires many doctor's visits. Name 1 employer that will allow you to take all the time off for follow-ups, tests, and procedures. If anything, it's just another excuse an employer can use to drop you like a sack of potatoes.
I'd rather see Healthcare coverage incentives than income incentives.
We've got those now. Businesses get tax breaks to offer healthcare at subsidized rates to employees, which also creates an incentive to work a full-time job in order to get that coverage. Problem is, we also provide health care coverage to people that don't work.
@@channell11 it's crappy coverage, especially for regular working people. Those not working get better coverage. That's just crazy to me
Living in a high cost of living area should tell you that when you raise the baseline, everything above it is raised along with it
Capitalism allows me to identify as a billionaire, and for people to respect my pronouns (ballin'/loaded).
Thanks for the laugh
What is said in this video is NOT Universal Basic Income. In the initial question they say it is targeted at low income people therefore making it not universal and Ken seems to be continuing with that sentiment before diving into communism. Worth pointing out that Marx specifically says he opposes UBI. Also just saying that UBI is not intended to replace work it meant to replace welfare. To cover the basics of human survival. Like food water shelter. People generally don’t like the basics and this show is perfect example of that many people fail on baby step two because it requires them to live on the basics. Fundamentally we do need some form a government aid to help those who cannot support themselves and one that can come without the judgement of being on welfare.
This is why many programs call in guaranteed income. As in you will be topped up to a certain level if you did not get there yourself.
@@MrWookie1981 true but I personally see that as introducing flaws into the system. Welfare and other relief programs is seen as a negative in the country due to them benefitting some but not all. Leading to a “well I didn’t get anything so neither should you” mindset.
@@bChippsTruth is in Canada we have a form of UBI for seniors that is called OAS. Every senior gets it but is clawed back based on income. I have heard of people trying to make less money to avoid the clawback but I have never heard people complaining about some people getting it but not others. Sounds like a societal flaw you have there more than social program flaw.
I had to fact check the claim that Dallas has a larger economy than Sweden:
Dallas Metro: $620.6 billion
Sweden: $547.1 billion
Both 2020 data. I am surprised.
yeah i didnt believe that at first either. I knew sweden was about half a trillion just didn't expect Dallas to be so large lol
Sweden's GDP in 2023 stands at $712b. Even if Dallas was larger, so what. Sweden is part of a union.
Sweden is irrelevant if were being honest, they don't innovate or lead the world in anything. They didn't even help allied forces during WW2
Depending on government never has, and never will work.
It will definitely separate the haves from the have nots with more trapped in the system.
Why do we have one then?
@@Bigbilly-ms9bnGreat question. If we can count 40 million votes from our phones for a tv show on a Friday, what do we need "representatives" for? We don't need government as much as an oversight committee to see the work gets done.
@@mattschmitt9924speak for yourself 🤓🖕
In general no one should receive money without working. There are some special cases like certain disabilities on which we as a society can help others. We should be careful on how this money is administered. In my country all these social programs are an excuse for the government to have more employees, around 85% of the money goes to pay salaries of the employees who "administer" it and only around 15% goes to the people in need.
The government can not be charitable. It redistributes confiscated money for political gain; some to individuals and some to corporations. I believe all charity should be handled privately. Giving will reflect the society and whom they deem needy.
"If a man does not work he does not eat."
@@hastycontemplation so are we saying that we should just let all those people die?? A UBI would go a long way to helping pay off bills and putting food on the table. Why is Dave against having those things?
It's a Bible verse study the bible on laziness.
If a men don't work he don't eat. A lazy hand lead to poverty while working hand lead to wealth. Give a men a fish you feed him for the day. If you teach a men how to fish, he feed for a life time.
Learn the difference between pure laziness verse working. .You help people that failed on hardtimes not pure laziness that depends on you like you're their mommy and daddy.
As someone is permanent disable, you have people faking disabilities so they don't have to work. It make it extremely harder for us real disable (visible and invisible) to get help.
Read book by
Robert D. Lupton
Toxic Charity: How Churches and Charities Hurt Those They Help, And How to Reverse It
People think you're helping others when you're actually hurting people. The mass Majority of homelessness people don't want help because society keeps feeding them.
@@costco_pizzayou'll be allowed $500 a month and a Obama food package, 2 times a month.
So their plan is to take away money from me after I work for it to give it to some lazy SOB that does not want to work? No.
Takes an sob to know an sob 🤓🖕
@@firstlast8258 gfy
UBI makes no sense without price controls. Universal basic services, including govt-provided [insert whatever] would at least make sense, regardless of if it’s a good idea
>UBI makes no sense without price controls
While we're at it, why not also do forced labor, and centrally planned industry? Frankly, all those rubes deciding what to do with their lives has always been a great impediment to my plans of greatness!
The point of UBI is to keep the government out of your personal choices. What your proposing is what democrats would love to implement. Full control over every citizen.
If you’re living on welfare, universal or not, the government should be firmly inserted into your daily life to make sure you’re doing everything right. It doesn’t do enough of that as is
Chairman Mao during the 1960's tried universal basic income. Farmers did not plant because their pay was guaranteed if they worked or not. The ownership of their farms was also turned over to the government. Millions starved to death as a result.
john stossel did a segment about how the pilgrims tried socialism and they were almost wiped out bcs of how the lazy were incentivized to be lazier and it affected everyone around them. they decided to switch to everyone owning their own land and harvests and they started prospering
It's important to remember also that these farmers were not necessarily bad or lazy. It's human nature to do the things that you view as the most important. If all the sudden your income needs are satisfied then your job is going to seem less important than your family or cleaning your house or going on vacation or making sure you're taken care of your health. Those things are great but they do not help to benefit society if you were a farmer and now you're not. If you had to plant in order to get money you better believe those farmers are going to go plant. The reason communism always fails always has and always will is because it makes assumptions about humans that are dramatically false. It assumes that every single person regardless of anything is going to work hard just like they do when they have incentives. This Ubi study will definitely be a massive failure but might not be presented as a massive failure. It probably will be presented as a significant win. I can think of half a dozen ways right off the bat that it could be manipulated to the extent that the outcome would be worthless. Here's a couple for starters. You tell people that this is a Ubi study so they should make sure they still work hard. You give it to people who you know we're going to work hard regardless. You don't track bad behavior so the study only has positive outcomes possible. One of the positive outcomes of the study is people had more income which is not an actual outcome but could still be touted as such. Regardless of how the money is spent they could say that the money went to the community. They could also neglect to look at the person's long-term financial situation. Is this person already on an upward trend of self-improvement or not? Would this Ubi have long-term impacts on whether or not this person would go back to school? No doubt they will at least say that the Ubi study was at least a partial success and they will suggest that it should continue.
@@josephwheeler1speak for yourself 🤓🖕
Calvin and Hobbes perfectly expressed today's mentality: "Why should I have to work for everything? It's like saying I don't deserve it!"
Ubi would just increase the cost of everything to the consumer. Think about it. You raise the minimum wage, that cost gets passed to business, then the business passes it on to consumer. Finally the people who are making the higher minimum wages complain that they can't afford anything. Then they request to increase the minimum wage again! Negitive feedback loop!
The truth is what we have now is far from pure capitalism
Yeah I agree. Dave mentions the welfare we have for the poor but makes no mention on the bailouts we give to failing companies or the subsidies we give to profitable corporations (oil, big agro, etc).
Why can’t the working and middle class get their handouts too?
@@MrMtanz we need fewer handouts not more
@@georgewagner7787 even to the oil and gas companies?
Even though I am a Communist. I still Love Dave Ramseys Financial Advice and thank him for changing so many peoples lives
The only way I would support UBI is if the government takes all of social security ($1.2T), all of Medicare ($747B), all of Medicaid ($592B), other income security programs (totaling $581B) and used that money to fund it (numbers based on CBO for 2022). If people want UBI they need to be willing to sacrifice something for it.
I recently graduated highschool.
From what I understand about this world is that capitalism IS very effective.
But only up until a certain point. I'm talking late-stage capitalism.
I wish they touched on the topic of the future.
A.I. is taking over jobs at a rapid pace, and at this rate the only type of work that is to be left for my generation and our kids will be blue-collar related.
And when we're upping in age needing to do labor - the only type of work that we'll be good for - a form of UBI may be necessary to sustain ourselves.
This is an exciting topic for me and I'd love to start a conversation around it. I aim to learn. That's why I'm subscribed to this channel. 🫶🏾
UBI as proposed by Andrew Yang makes sense. It is to replace income, but also adds to income (still employed) of those displaced by technology and underemployed just the same.
Reasoning for it: our government can fund Ukraine, Israel, and many more countries, and waste taxpayer money in all sorts of other ways, but it is unthinkable to put "Americans First."
No it does not. Prices will just go up. That's it.
@@untouchable360x why? Will prices "go up?"
Why can't monies be allocated from foreign aid to domestic aid?
@@jhfaleafine1870 There's no such thing as a free lunch. Someone has to pay and whoever is paying will jack up the price for their services or goods. UBI will cost $4 trillion a year. Last I checked, the fed only brings in about 5 trillion in taxes and we are $32 trillion in debt. If you want the extra $1000 a month, go earn it and contribute to the economy. You can earn $1000 a month easily doing just uber eats.
@@untouchable360x prices always go up. Not an excuse to not try to help people
❤❤ "grit to overcome"! This is absolutely beautiful. People always succeed when they do it for themselves. There's a sense of pride that comes. Like loosing weight, once has to do it for themselves. Very beautiful!
From East of Knoxville here, Ramsey!
I know plenty of people who cannot succeed, in terms of having gainful employment , even with herculean efforts on their parts. Employments that at least allow them some benefits like dental and health insurance. Sure many could find work, then they would lose all their health benefit, which in their state of health and the jobs they are able to work, could not afford.
@@Benjamin-to2zq I understand where you're coming from. I wish things could be their best all the time and people would have a chance to be successful.
@@marybaker8061 I wish a world where success doesn´t define your health outcome, or get´s combined with your character Rich= Good and Smart Poor = Lazy and Stupid We made a world where peoples lives depend on chance, when we can make a world where this chance is a right.
@@Michael-vz9xk okay.
I grew up in the People’s Republic of Bulgaria. I can tell you first hand, basic income doesn’t work.
It might not have worked for certain reasons..... But you might know something I don't. My friends parents who grew up in Poland in the 70's and 80's said communism was not all bad so?
We’re closer to Fascism than I ever thought we could be. The corrupt tax breaks for the rich and the income inequality is gross. I’ve actually known people that died from cancer because of no healthcare. Disgusting.
Commies mad in the comment section.
That’s for sure. I’m curious how they stumbled on to this video. You’d think they would be off somewhere else to be offended.
@@brianmcg321 Probably some anime dorks posted to some subreddit or discord channel where they huff their own intellectual farts (and that's probably the most "wholesome" thing that goes on). I need a bingo card with their typical responses.
UBI isn't a form of Communism though. It is a simplification of the already existing welfare system. The idea is that instead of having 10 different welfare programs to administrate, you have 1 UBI program and abolish things like food stamps and welfare. This will net save the tax payer money in administrative fees, while being more effective than welfare was.
Ignorance. Communism is a moneyless and stateless society by definition. So in no way, shape or form, can be communism when the state hands out money. Makes zero sense.
@@mattbenz99 Until you have to work in the people's lithium mines to show your solidarity with the people's government to maintain your UBI as opposed to doing what you want to do.
Whenever you take money from someone, you are setting yourself up for dependency. Boomer Dave gets it more than youngins thinking you can ride the tiger that bit the last guy who rode it and turned him into a human steak (I'll spare you the details on digestion).
Having bare necessities covered does not stop people from wanting more. It prevents people from needing to work 3 minimum wage jobs to feed their families.
I was already married when at one point I worked four jobs in one week. Get out there and earn your living. I’m now self-employed, I’ve had a business for 12 years.
Excuses. Excuses!
Good for you. I would rather not have a single parent not being able to see their kids or forcing anyone to have no life. If the government can spend billions on killing people around the world they can spend that money on feeding those at home.
@@Cesar-pq2cknot everyone can work 🤓🖕
I'm pretty sure unemployment did more damage than the stimulus check. If people get a little bit of money with the opportunity to work they would. The focus is on a little bit of money cause the stimulus check was not stopping anyone from working.
It's a cumulative problem. Unemployment, stimulus, and monthly payments of the Child Tax Credit created significant disincentive for lower-skill people to get work since their labor value doesn't generate a lot of income. It demonstrated that for some people as long as their basic needs are met they have little ambition to go out and get more. A big issue that doesn't get talked about is dual-income households. In the case where the mother was working a lower-level job, it made a whole lot more sense to maybe take a slight cut in living standards and stay home with kids rather than continue working and dealing with daycare being closed every time some kid got a sniffle. A lot of people chose to do that.
@@channell11notice how you didn't throw the PPP loans in there... Very obvious corps don't have the same responsibilities in your eyes.
Why do we care about UBI, when we could just get Universal healthcare instead? How are we not there yet?
If you watched documentaries about communes, they require everyone to work while not allowing you to have too many possessions as one of their rules to join
Not everyone can work 🤓🖕
I’m one of the few that used my stimulus money to start a business. I’m now two years in and thriving.
An opportunity which I had no responsibility to provide.
@@diggernash1 I agree. I was just stating the fact that I didn’t blow it on nonsense. However I could have still reached my goal without the stimulus, it has created more harm than good to our economy. That’s for sure.
@@DrtyDieselgawd bless Murica 🤓🖕
Real issue is we are rapidly approaching a time where only a few will be needed to work to support the many. Do we all just work 1/2 time? Do we go back to single income family units? 10’s of millions of jobs will soon be eliminated in the US alone through advanced automation and AI. We will need to rethink how we value work and our place in this society.
Agree. There will still be some roles that can't be replaced. Like police, nurses, construction workers to an extent. Do we force people to work those jobs while the rest of us get vacation
War is inevitable.
AI will also create tens of millions of NEW jobs that don't exist today that we currently have no concept of.
I’m for it if we simply reallocate something form a current program and give it back to the people. Either that or cut spending and cut taxes which effectively does the same thing
It could result in greater efficiency by eliminating a whole host of government departments and programs, many with redundant and overlapping functions. But when have you known the government to willingly shrink in size and scope? And even in that case, we'd have to accept that if someone were to be stupid with their money and get in a bind, that we wouldn't help them because we've eliminated all the other social programs. But that's not going to happen, and the instant you relent the whole program is undermined and the incentive gone.
What the proponent of UBI fail to understand is that it won't take long for reasonably skilled folks to get sick of carrying those who won't work
Um cost of living alone makes $1k/month impossible to live off of. It's literally just to prevent being completely broke.
They already do.
@@cloudbloodmusicand then all rent prices rise by 1k for some reson 🤔
Rent control should be the first step.
@@FlutterSwag like they aren't constantly getting raised already
I used to flip electric guitars during the recession of 08-12, it helped me survive. Been trying to get back into it, but, can't find any deals right now that are worth buying.
Sooooo we are spending money that we don’t have, on a study about giving away MORE money we don’t have. Interesting.
Speak for yourself 🤓🖕
Universal income just means the costs go up. You give universal resources not cash. Basic health, food, housing, etc. nothing elaborate or excessive so their is still value in work.
How do you give basic housing? Vouchers?
@@beckypetersen2680 it could be vouchers or you build houses specifically for this. There are already low income housing locations in most communities. One idea I read was building small home developments. Keep in mind, what ever these are should be fairly minimal and not intended for forever living. Considering these would be free or low cost they could be in undesirable safe locations.
Adam Smith was against landlords, Dave, which I do believe you are.
That's one part of capitalism a lot of people who claim to be 'capitalists' tend to forget. That and the part where Smith warned of any government policy that was backed by industry. Citizens United and political donations from corporations would leave Smith completely baffled.
I saw this 1st hand at my local post offices. Postal workers claimed "covid scared" and were paid to stay at home. This went on for 3.5yrs!!! The managers couldn't get them to come back to work so they started a huge hiring campaign.
Nah, this is totally wrong. UBI is actually more capitalist than what we have now. It's the only form of wellfare that doesn't create an incentive not to work, unlike unemployment, disability, etc. Milton Friedman, Hayek, and modern conservative economists like Mankiw all support it. It is genuinely the single policy that could most improve well-being of people in America and supercharge capitalism in the process. Dave should seriously reconsider this. For anyone interested in the pro-capitalism view on UBI I recommend checking out the Andrew Yang interview with Stuart Varney.
So where is the money coming from? Before you say the rich it been proven as you tax the rich they move to other countries with less taxes and at the end we end up like Cuba where Cubans say and I quote. They pretend to pay us and we pretend to work.
Even members of the Libertarian party support UBI. The problem is people conflate ubi with our current system, which is an utter failure that deincentivise work.
The only way UBI has a prayer of working or creating incentive is that if it replaces every other form of welfare or entitlement program instead of adding to it. Giving money to people who have historically shown poor ability to manage it isn't typically a winner, but current systems create disincentive and put barriers in place to anyone getting off them (mostly because the government relies on dependence of the population and solving problems means politicians and government workers would work themselves out of a job). The Libertarian view embraces it because it should theoretically reduce the size of the state and the expansive programs that we have now, while simultaneously giving people agency. But the second you relent and help out some person that chose not to work and blow their UBI on nonsense and their family is going to starve and get kicked out of their house, then you've undermined the whole program and the incentive structure.
You're wrong. I've been struggling to work part-time with cancer for almost 20 years. If they gave Ubi, I would quit immediately
That’s all theoretical. The reality is, and you can do the research too, of all the cities in America the tried UBI. None of them could afford to pay a livable wage. Only 200-400 a month. There isn’t enough money in our economy to provide UBI that’s of a livable wage. Also, all of those programs end after 6 months to 2 years (depending on the city). The concept of UBI is far to expensive for a country like America. Plus, at some point the government will run out of money because it needs to spend on other things and when the government gives money in the form of UBI it wont get money back in the form of income taxes.
4:57 _"Sweden is smaller than Dallas!"_
So what?! Being small makes you wealthy? So why doesn't Africa divvy up in 2000 countries and solve all poverty? Geeze Louise, the lengths people will go to deny a reality they know darn well to be true but are afraid to say out loud . . .
EXACTLY
It's less to do with wealth and more the fact that small, homogeneous, geographically concentrated populations with shared culture and goals are a lot more conducive to managing universal social welfare programs.
So, we divvy up Africa precisly into "small, homogeneous, geographically concentrated populations with shared culture and goals" - should we be expecting trips to the Moon on flying pyramids? Yes? Or are you honest?
Dave Ramsey and refusing to understand things that don't make sense to him immediately, name a more iconic duo.
How about those who refuse to listen to what he has to say ;)
UBI is a terrible idea. Only morons thinks it’s an answer to anything.
Communists and projection: name a more iconic duo.
Um, Sweden's government has been pushing back on the " Sweden is a successful socialist country" for years now. After experimenting with socialist financial policies ( which failed) , they moved back to a free trade, deregulated market economy. Their current financial market policies are as about as far away from socialism as you can get.
Sweden and Denmark are free market economies. They had to say this many times because Bernie kept calling them socialist.
What is their tax rate for someone earning above median income?
@@diggernash1 What does tax rate have to do with it? Socialism is a command economy, where the government controls or owns businesses.
@@MatthewGDunlap Semantics. If a country is taking near(or over) half of workers' income; and then determining how to redistribute that income, who is defining the lifestyle of their citizens. If you told me I could be comfortable and happy, with a ceiling to wealth accumution; or free to struggle and succeed greatly or fail utterly, I am choosing the latter. I want to have every penny my labor and ability can bring me, to do with as I see fit.
Incentive like decent wages, corporate greed keeps these slave wages.
How would you know?
Your Social Credit Score is the incentive. You want to get the most currency from your government so you will comply and behave.
A low social credit score must become a badge of honor for all persons of character.
Speak for yourself 🤓🖕
I’m proof of a capitalist society. I qualified for a pell grant when going to community college. Now I’m a millionaire
I think Dave sounded more like Yakov Smirnoff. Wasn’t that his big line “I love this country?”
Yakov would say, "What a country!" :)
Great segment
Point of contention, socialism does not equal communism.
Yea lets get that inflation into hyperdrive 😂
Don't you know inflation goes away if you just stop believing in it? 😊
Nope. The money is already printed. Inflation would only be caused by printing more money, which doesn’t need to happen. You implement a value added tax like the rest of the developed world already has in place.
@@joshuaevans6065 Not just the "developed" world. Cut it with that elitist terminology.
In fact, the term "developing" is actually a far better compliment because it implies that your economy is on the up-and-up, and bound towards prosperity.
The future is in the emerging economies, not in the decaying post-industrial "first world".
@@joshuaevans6065 It will cost $4 trillion dollars to run UBI. Last I checked, fed only takes in $5 trillion in taxes and got $32 trillion in debt. Money needs to be printed out of thing air for UBI. We had a test run printing money for COVID relief. Now we are in an inflationary mess.
Speak for yourself 🤓🖕
Sweden is a capitalist market economy, with social security.
to be honest a UBI is more capitalist than social security, instead of only a certain percentage of people with certain criteria getting government assistance.
everyone gets a certain bare minimum amount UBI to pay for BASIC food, water and housing.
do you want more than the basics? then you can go to work, it is a fairer system than social security.
The most capitalist (and the best) option is lowering income tax on work, so people have more income to pay for these expenses. this also encourages working.
Lincoln said our greatest enemy is not from outside, but within. He was talking about millennials.
Keep up. It is actually Gen-Z you are complaining about.
This is a shameful misconception of UBI. A couple hundred bucks a month isn't enough to discourage or replace work. And it isn't "for poor people". Universal means that everyone would receive the same amount, in the same way that the annual Alaskan oil proceeds are distributed equally among the citizens of the state. Republicans have kicked around the FairTax plan for two decades and its essentially the same concept with different terminology.
You can't deny that the advancement of technology IS going to put a lot of lower skill workers out of a job.
@@lefromthecity i can tell you don't deal in real world applications. I can tell you as a fact, AI is not going to replace programmers in 5 to 10 years. I can guarantee it.
yeah, how's that self checkout lane working for ya? Stores are starting to get rid of them because people are refusing to use them.
@@freedomring3022 ?? I use them almost ALL the time. Lol
I just noticed that. I went to target, Costco and whole foods and used self check out all the time.
@@freedomring3022lol where do you live? Self check out is my preference and the preference of most! Just the old and incapable choose to go to a normal checkout
Right, I am not for a UBI today, but it could absolutely be necessary going forward if AI wipes a ton of jobs
2 Thessalonians 3:10 had this figured out a long time ago.
And yet we socialize corporations. There's moderation with everything which is which "social security" is the most popular program in the U.S. bruh says actively managed funds over index funds. He a dub!!!
For the people saying it wouldn’t cause inflation because they could just raise the tax rates. If every working American paid 100% of their income in taxes it still wouldn’t cover all of the obligations the government has now in a given year. There is no possible way of raising taxes enough to cover something of this magnitude.
This is bull. Milton Friedman, a hardcore free market economist who Reagan looked favorably on supported universal basic income.
I was about to post your comment. I think Freedman referred to it as the negative income tax in his books.
@@dougn7319 Yes. Argued it would make for a superior solution to the welfare state bureaucracy.
then you just have more inequality and a lack of resources. throwing money at a problem doesn't help anybody. me, i don't care. people could get UBI and still whine because it's $500 per month and an Obama lunch. i would probably quit my job and when UBI payday comes, go collect my money and extort people as a pseudo government employee. Poor people would never follow the rules. Pay me or go to jail.
My favorite duo on here
I miss AO and Hogan. Chris Hogan and Dave were a great team. He was the only one that could share a stage with Dave equally. Dave takes the stage from everyone else.
Why wouldn't people see UBI as feasible? After all the money they keep printing and giving to other countries, it's hard for the average person to understand why the American citizens shouldn't be able to get some of that cheese.
Muh money printing 🤪
First of all, Karl Marx is the father of socialism, not communism, and UBI is not an inherently communistic or socialistic policy, but I digress. Secondly, though there are most certainly plenty of people that spend any money given to them arbitrarily, I think you grossly underestimate the number of people that, with the added free time and increase in living expenses, would spend their money productively.
I know the first thing I did with my stimulus check was use it to contribute to my ROTH IRA, which I had never had before, and there's been quite a few studies that showed participants in experimental UBI programs actually used the money they received to invest in themselves, fund passion projects, and made investments in business and assets.
I know TONS of people who took their pandemic stimulus check that funneled the whole thing into the stock market... and certainly there were people who lost it all on companies that weren't as sound of an investment as they thought, but there were also people who made the right calls to earn themselves complete financial freedom, and it stimulated the market overall.
I will concur that, up until this point in time, UBI as a policy would not make much sense... but in a world where A.I. will be replacing millions upon millions of desk and service jobs to a point that entire multi-billion dollar companies may be able to operate themselves entirely on machines and not actual workers (which google is getting closer and closer to attaining every day), there's going to be a critical point in our modern society where the availability of jobs will be so small it will cause a complete and total cascading failure to keep the working class stable.
We are ALREADY feeling the effects of this where even getting a simple greeting or cashier job at Walmart can no longer be attained by walking into the store and making a good impression on the boss. Even low paying retail jobs these days require you to submit your resume and application through a sorting algorithm that penalizes you for trying to stand out, and there's already serious problems that these sorting algorithms are using to recommend the "best" applicants by being biased against age and even race in some cases.
We are going to have to address that problem at some point, like or not, and UBI is just one potential solution. Personally, I don't see a problem if companies like Amazon want to be 100% autonomous or AI Controlled if they have to pay a huge tax for it that would funnel directly into UBI programs. It might, of course, just be easier to pass legislation that requires a certain percentage of the workforce of these companies are required to be human, but there's an argument to be made that you'd be actively passing legislation against technological progress in that regard.
When humans are no longer needed to run companies or manufacture goods... what is a human supposed to do to provide for themselves and their families?