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Kurzgesagt: Universal Basic Income Explained (2017)

Kurzgesagt: Universal Basic Income Explained (2017)

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34 Comments


  1. stygger

    December 7, 2017 at 5:59 pm

    Universal (Minimum) Basic Income vs Welfare

    What sounded like a pipe dream a few decades ago might become our best bet for keeping societies together if the AI and Automation trend permanently displaces a lot of humans out of the workforce.

    Reply

  2. isthatyourmonkey

    December 7, 2017 at 5:59 pm

    While I concede something has to be done ASAP, and that this idea is the front runner, I fear the supply side will just adapt itself to absorb the UBI, like the auto manufacturers absorb rebates by raising prices. Every questionable institution imaginable will nickel-and-dime that income until it means nothing.

    Reply

  3. Brambleback-Bobinsky

    December 7, 2017 at 5:59 pm

    I’m always hyped for the next Kurzgesagt video, I love watching these. They just make learning about different subjects fun.

    Reply

  4. Ashton187

    December 7, 2017 at 5:59 pm

    Sadly they skip over the part about inflation and just fob it off.

    Bit of a shame to be honest.

    Reply

  5. redrabbit33

    December 7, 2017 at 5:59 pm

    With automation and robotics quickly encroaching on many jobs in countless industries, we are not going to be left with a whole lot of options.

    I believe that every company who replaces human workers with robots needs to pay some kind of a tax in order to offset the loss of jobs and the increasing unemployment rate. Set some higher taxes on things like stock trades over a certain amount of money (ala Bernie Sanders post-secondary education funding proposal), cut spending on defense, cut the myriad of programs connected to welfare. I’m not educated in economics by any means but the fact that much of the money will be circulated back into the economy, brought back through sales taxes and likely used to better people’s lives and allow them to enter higher skilled work environments, it would really only benefit society as a whole.

    Reply

  6. Sstargamer

    December 7, 2017 at 5:59 pm

    Jesus all the comments make me so dissapointed. People are so fucking quick to jump “Communism” when its very much a socialist and free market policy. It’s infuriating to think so many people don’t give a damn about the giant wage gap, or feel any interest in helping reduce poverty, which economically would be a huge boon to the economy.

    Reply

  7. Sunshinetrooper87

    December 7, 2017 at 5:59 pm

    Would be nice, means I’d be able to live as a crofter whilst being able to do freelance work without it having to be a necessity.

    edit: I wished to clarify, I live in a rural area and jobs in rural areas are hard to come by, the line of work I’m training for is often freelance as you service a huge part of the rural highlands doing ecology based work. I aint some wishy washy fanny wanting a free ride to living an easy life.

    Reply

  8. Amanoo

    December 7, 2017 at 5:59 pm

    Here in the Netherlands, every penny you earn on top of your welfare is taken away. If you’re on welfare, you should either try to find a job that pays significantly above the welfare limit, or try not to get a job at all. If they took away 50% of your earnings, you’d have a reason to work a little bit. It wouldn’t go up that fast, but your wages would feel like actual wages.

    Welfare here is a great example of actively stimulating people to do nothing.

    Reply

  9. trekkingwithadog

    December 7, 2017 at 5:59 pm

    UBI might start off well, but with open boarders that is just no way this will work

    The end of the road for UBI will be a pack of eggs per family just like in cuba

    Reply

  10. seanpeery

    December 7, 2017 at 5:59 pm

    We are talking about somewhere around 3 Trillion dollars a year redistributed. The military budget is only 500 Billion. We would pretty much have to remove medicare and medicaid in order to support this without increasing taxes or increasing our debt.
    Also, $12,000 a year won’t even pay for the cheapest possible apartment in major cities. Honestly, a UBI is the absolute worst approach to this problem. The better option is to invest in automation so that we can get to the point where we can produce power, shelter, water and certain foods so cheap that we can distribute them to people subsidized.

    With a UBI you can have a parent who starves their kid so they can buy an iPhone, with subsidized goods you have a parent that has to work to get an iPhone and a kid that can go get food with or without their parent.

    Reply

  11. iateone

    December 7, 2017 at 5:59 pm

    Check out the subreddit /r/basicincome and their [FAQs here](https://www.reddit.com/r/basicincome/wiki/index)

    Lots of interesting thoughts about how a UBI can pay for itself and benefit society.

    Reply

  12. KindaCrypto

    December 7, 2017 at 5:59 pm

    Take money from the most productive people and give it to the least productive people => some magic happens => All our problems are solved!

    I just saved you ten minutes.

    Reply

  13. Momoring

    December 7, 2017 at 5:59 pm

    Finally gonna enjoy living life without having to worry about bills

    Reply

  14. chekspeye

    December 7, 2017 at 5:59 pm

    What happens when communities become dependent on the income then a different person is elected and threatens to take it away. Oh wait, I think I’ve already seen that movie, it’s called welfare abuse in America.

    Reply

  15. schnippenschnappen

    December 7, 2017 at 5:59 pm

    Really biased video. The government forcing me at gunpoint to give my money to people I don’t know isn’t something that sits well with me.

    Reply

  16. [deleted]

    December 7, 2017 at 5:59 pm

    [removed]

    Reply

  17. cptw124

    December 7, 2017 at 5:59 pm

    People who are desperately poor often have issues. There are very few reasons for someone to not at least have a blue collar job and live above the poverty line. Those are the people who are a concern. If we gave everyone $1000 a month and no other support those people would still be in a bind and likely worse off.

    IMO it makes more sense to just say everyone has free access to some basics such as preventative health care, soylent type food, usable public transportation, some kind of housing, and access to paid menial jobs through the government. If you want something better you can pay for it.

    Beyond that I find it hard to believe that basic income large enough to benifit the middle class is sustainable.

    Reply

  18. mattywaste

    December 7, 2017 at 5:59 pm

    r/ubicirclejerk

    Reply

  19. bryanrobh

    December 7, 2017 at 5:59 pm

    As long as I don’t have to give more than I already do I am fine with whatever they do with it.

    Reply

  20. sololipsist

    December 7, 2017 at 5:59 pm

    I LOVE the concept of UBI, but this is a fluff piece for sure. This guy isn’t nearly as critical as he should be.

    Take the part about inflation for example. He says that there will be no inflaction because there is no new money being made. This is only technically true, and it’s completely false in the spirit of the consideration. There will be no NET inflation, but there will be offsetting targeted inflation and deflation as demand for certain goods increase or decrease.

    Problematically, because the transfer of wealth goes from rich to poor (which isn’t a problem at all in my mind, as all fiscal policy is redistribution) and the rich consume a much wider variety of goods than the poor, a very wide variety of goods will undergo a small inflation while a very narrow variety of goods, those consumed by the poor, will undergo an offsetting proportional large inflation.

    This probably means that the poverty line will increase, and that UBI will need to increase reactively until an equilibrium is reached. This means that the total final cost of UBI is so difficult to predict it’s essentially impossible to do so (past estimating a floor and ceiling with reasonable confidence), the economic effects will be vague, and if UBI is implemented *without* taking this into account, it will likely fail in a very expensive way.

    **But** UBI is awesome and these are problems worth solving. If we’re not honest about these problems, though, UBI will end up being the typical failed bureaucratic mess, like Obamacare.

    Reply

  21. Lou-Saydus

    December 7, 2017 at 5:59 pm

    Too early for UBI, but at some point it will not be an option but mandatory for the survival of the economy.

    Reply

  22. EvitaPuppy

    December 7, 2017 at 5:59 pm

    Great video, like others, wished it had included more about the continuing impact of automation. I think one reason the wealth gap is widening is investors own the machines used in automation, so they’ll get more benefit from technology improving than those who aren’t investors.

    Reply

  23. macleod2486

    December 7, 2017 at 5:59 pm

    [There are major issues in the issue of universal basic income](https://www.youtube.com/watch?v=v7gKGq_MYpU)

    [Thinking that just giving money to people will make whatever issues go away is incorrect. In some cases it’ll make things way way worse.](https://www.youtube.com/watch?v=zHdmiAhhnvM)

    [Also automation isn’t quite as on the brink of replacing all of the workforce, that notion has been thought up of for quite a while but there’s a major wall that AI has ran into.](https://www.youtube.com/watch?v=joR4sl4fSzE)

    Reply

  24. ThePortalGuardian

    December 7, 2017 at 5:59 pm

    @6:50 that was literally the Simpsons house.

    Reply

  25. OpossumBoy

    December 7, 2017 at 5:59 pm

    The strangest argument against UBI is that it is a communist ideal.

    UBI is based in capitalist faith, and in the faith that consumerism will thrive if people have the money to support it. The difficult parts come when you realize that this money has to come from something. The fall of the Soviet Union was when they pushed for the re-ristibuion of wealth and failed to actually have the wealth to support their lucrative arms race. UBI just has to have a very powerful backing to it, and I really like the idea of taxing mechanical workers presented in this video.

    Of course, this is all counting on something such as this ever gaining traction, and considering how worried people are about demons of a past century, I don’t believe that this will be something the states ever consider.

    Reply

  26. Black_Rock_UK

    December 7, 2017 at 5:59 pm

    What would be the monthly amount each person would get?

    Reply

  27. Devin1230

    December 7, 2017 at 5:59 pm

    ITT People bashing UBI without even watching the video first. Classic

    Reply

  28. ben_jam-in

    December 7, 2017 at 5:59 pm

    I get it, and parts of it does make sense. However this is assuming everyone will be using this with best intentions, that people truly want to find better jobs or work on something that benefits society. I just feel we have too many people that would abuse this and just watch society burn.

    Reply

  29. conalfisher

    December 7, 2017 at 5:59 pm

    Honestly, I’ve never really… Trusted Kurzgesagt, they made excellent quality videos, but they’re a little shady. There’s definitely a bit of bias in their videos, but it doesn’t really take away from the video itself, usually (arguments could be made for some videos, like the video in the Refugee crisis, and this video). And I know they’ve been wrong in their videos at least twice, which is fine, but the problem is that they then proceed to delete/hide comments correcting them. It happened to me a few times, and I wasn’t being uncivil or anything, I was just saying “hey, just so you know, at ___ there was a small mistake, you might want to out an annotation there about it.” And I know of at least one other person who had the same problem, they made a video about it on their channel [here] (https://youtu.be/i_CZzBD_f08). Like, it’s kinda a dick move to not admit when you’re wrong, moreso when you actually suppress people correcting you. There are loads of smaller examples of them being wrong throughout their videos (not large parts of the video, just small details), which again, is perfectly fine, but you won’t find mention of any of them in their videos. You can find some over on their subreddit, but that’s about it.

    Reply

  30. AmyWinehouses

    December 7, 2017 at 5:59 pm

    or you could be valuable to society

    Reply

  31. Rhygenix

    December 7, 2017 at 5:59 pm

    Sounds pretty good to me, I love incentives to be lazy and unproductive

    Reply

  32. TriggerMeFam

    December 7, 2017 at 5:59 pm

    “Communism”

    Reply

  33. kholland65

    December 7, 2017 at 5:59 pm

    Let’s be real, the only reason anyone supports UBI is so they don’t have to have a real job and just do whatever their hobby is full time, regardless of its value to society. Let’s also be real, this is reddit which is full of basement dwellers, chin beards, virgins, hippies, and other groups synonymous with laziness and a lack of skill to do anything useful. People just want to an excuse to sit on reddit and Xbox all day.

    UBI doesn’t work because of…well…math. UBI has to come from somewhere, which is ether tax payers or printing new money, both of which don’t create any wealth, just redistribute it or inflate it. However getting people working and creating new jobs increases GDP and doesn’t increase wealth overall. UBI discourages work. The only reason I would support UBI is if only working people can receive it. Even then, you still have to deal with price inflation. Obviously prices will increase to absorb the extra income everyone has and small scale tests of UBI doesn’t account for this because the population receiving UBI is not high enough to significantly impact prices on a full national scale.

    Reply

  34. Anonymous

    December 7, 2017 at 5:59 pm

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