Universal Basic Income Explained – Free Money for Everybody? UBI

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  • Published: 07 December 2017
  • What is UBI? How would free money change our lives.

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    A few sources:

    Cash Transfers and Temptation Goods
    bit.ly/2gfkwsN

    Debunking the Stereotype of the Lazy Welfare Recipient: Evidence from Cash Transfer Programs Worldwide
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    The Poverty Trap
    bit.ly/2iCv9cK

    The short-term impact of unconditional cash transfers to the poor: experimental evidence from Kenya
    bit.ly/2ixSbEn

    Opinion: Our Broken Economy, in One Simple Chart
    nyti.ms/2vzE1be

    Modeling the Macroeconomic Effects of a Universal Basic Income
    bit.ly/2xLWUFi

    On the Economics of a Universal Basic Income
    bit.ly/2BdHoaX

    What Would Happen If We Just Gave People Money?
    53eig.ht/230Td6X

    Cash Transfers and Temptation Goods –
    A Review of Global Evidence
    bit.ly/2cXUTyY

    Cash transfers: what does the evidence say? A rigorous review of impacts and the role of design and implementation features
    bit.ly/2av62Ya

    Cash as Capital
    bit.ly/2rGvlgZ



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    Universal Basic Income Explained – Free Money for Everybody? UBI

Comments • 37 051

  • Kurzgesagt – In a Nutshell

    There's brand new stuff in the Kurzgesagt Merch Shop. Check it out here: shop.kurzgesagt.org

    • Janos Abel
      Janos Abel  3 weeks back

      Kurzgesagt – In a Nutshell,
      So this is just an online shopping mall, not really a promoter of UBI?

    • JRodgesevant
      JRodgesevant  2 months back

      Reply to: Kurzgesgat - In a Nutshell



      - Replace all welfare programs (except for workforce retraining programs), agriculture subsidies, art subsidies, and reproductive policy subsidies with the UBI set at $1,200 per month for everyone 18 and older ($600 per month for all part-time workers 14 - 17 years)
      - Nationalize all private health insurance and combine all funding for all public programs into a single-payer system
      - Nationalize the entire gambling industry and utilize all profits to assist in paying for all college tuition fees and create a program where people work for 20 hours per week to help with a student loan forgiveness plan
      - Implement the Green New Deal to create 25 million green jobs with a minimum wage of $15 per hour and enable de-industrialization through automation
      - Invest in the creation of a permanent American base on the moon and research on Nuclear fusion technology
      - Legalize cannabis, industrial hemp, & prostitution and redivert private investments to long-term sustainable industrial and agricultural resources (i.e. vegan industry and insect agriculture)
      - Allow the midwest US to be colonized by the lower classes and expand the internal economy while raising these people up to the Middle Class
      - Simplify the Tax system by creating a 15% VAT on luxury items such as yachts, private jets, processed meat, alcohol, tobacco, and cannabis; Place an additional 7.5% "Sin Tax" on Tobacco, Alcohol, Prostitution, and Gambling; Introduce a 2.5% Wealth Tax; Introduce a 7.5%, 15%, and 30% Personal Progressive Income Tax, and a 10% Flat Business Profit Tax; Eliminate all other taxes
      - Establish the internet as a public, taxpayer-funded utility

      - Cut Defense spending by 50%
      - Enable enough immigrants to come to the US to increase the potential workforce by 2.5%
      - Abolish all Tariffs and increase US trade between Europe, Latin America, and East Asia
      - Divert all energy subsidies to an "All-of-the-above" renewable energy policy
      - Federalize garbage pick-up and require recycling
      - Try to get bond-holders for the US national debt to forgive as much as possible and focus a minimum of 5% of federal income to be dedicated to paying off the national debt
      - Reinstate the Glass-Stegall Act
      - Pass federal legislation that combines Right-to-Work with Wage Transparency & Equal pay for Equal work and require affirmative action
      - Wait until it is possible to colonize or set up a presence on Mars and then let the polluters go crazy on Mars

  • Nicholas Vath
    Nicholas Vath  2 hours back

    Unless you raise taxes to a ridiculous amount UBI is not feasible. There are about 300 million Americans 18 and up. Multiply that by 1,000 (UBI) and that's 300billion dollars a month! Multiply that by 12 and now thats 3.6 trillion! That's pretty dang close to what the government collects in its entire revenue yearly. That would leave no money for any other program.


    Even if you only gave that money to the poor which is around 43 million Americans, that would still cost 500 billion dollars a year. A little more reasonable but still a quite expensive price tag for a government with an already enormous amount of debt.

    Side note. The US government pays around 470 billion dollars a year in interest on the national debt alone! And it's the fastest growing price tag on the budget. That's insane! If we dont turn that around we are bound to one day fault on our loans and enter an economic catastrophe.

    • SteelformRarity
      SteelformRarity  2 hours back

      Yang gang

      • McMexicans
        McMexicans  5 hours back

        Is this video why Yang is running for President? I think he officially declared around the time this video was posted

        • Draw Clearly
          Draw Clearly  6 hours back

          Costa Rica doesn’t have a military. Neither does Iceland.

          • Draw Clearly
            Draw Clearly  6 hours back

            Might work in Information Age but not now

            • Joana M
              Joana M  8 hours back

              Or instead we can have:
              - laws that provide and protect affordable housing
              - laws that provide working conditions and protections as being decently paid, have paid parental leave of a minimum of 9 months for both parents of any child born or adopted, and others
              - a free health system for all focus on prevention not just for physical problems but also for psychological
              - free education system base on merit since daycare to university that promotes social mobility
              - laws that combat inflation

              • Ace Shadowins
                Ace Shadowins  10 hours back

                This is so horrible idea because people need to work so they could get something in return, equivalent change. No one will feed you for free.

                • El
                  El  11 hours back

                  I can definitely say that I wouldn’t stop working with UBI, but I have a job I enjoy.

                  • Precious Lapuz
                    Precious Lapuz  12 hours back

                    I can't believe this video is 2 years old! Recommended by watching Andrew Yang lol

                    • Sebastian Trost
                      Sebastian Trost  12 hours back

                      The fact that it always allows work/effort to directly improve one's financial situation is beautiful!
                      I also think, that UBIs are unavoidable with proceeding technological advance: Many will then work in the service sector, but jobs are limited there by the number of people being wealthy enough to consume. UBIs would probably strengthen the service sector, potentially even create a positive feedback loop.
                      Rich people cannot carry a product- and service-focused economy by themselfes (without aggressively overconsuming) - without an UBI future economies could face rapid crashes and civil unrest. Another reason why increasing taxes for the few percent holding the majority of civil capital in a country might benefit everybody (even those taxed more).

                      From personal experience: I'm german and currently finishing my masters degree at university. I work on sundays to earn money, but without the support of my parents going to university would be extremely hard (aside from the studies themselves) - so I'm extremely lucky.
                      Student loans however are only given to few students depending on how much their parents earn (ignorant of their relation to them, or if those parents could actually afford to support their child in another city): Some students cannot go to universities of their choice (or fully focus on their studies), as they don't get the loan but their parents can only support them partly should they leave the house. UBIs would drastically change the this situation for many students: many wouldn't need to work on weekends/after their lectures and could instead focus on their subjects.

                      • Radu Andrei
                        Radu Andrei  13 hours back

                        loving the non political views you guys bring, I like that you don't show any bias and try to keep your videos as objective as posible

                        • Intense
                          Intense  13 hours back

                          Mon eh selik 🍀🍀🇮🇪🇮🇪

                          • Intense
                            Intense  13 hours back

                            Where the hoops at 🍀🍀🍀🇮🇪🇮🇪🇮🇪💚

                            • drew92
                              drew92  14 hours back

                              Hey @Kurzgesagt I’m glad I found your videos.

                              • Daniel Cabrera
                                Daniel Cabrera  16 hours back

                                Terrible idea. In some countries this is already done in part especially in some Caribbean islands where housing and food is given out. What this produces is that people work 2 days a week and they don't care if they get fired. Told by a boss I had which is a global service delivery manager, that it was insane to keep people coming to work and finally the business had to leave the country because it just wasn't worth the hassle.

                                • Iqbol Ash
                                  Iqbol Ash  17 hours back

                                  Kurgesagt makes great videos, thank you for making important videos at what we believe will be our future eventually

                                  • CKS Productions
                                    CKS Productions  22 hours back

                                    Google Andrew Yang

                                    • MinimalFeed
                                      MinimalFeed  22 hours back

                                      TBH. UBI will grant more course to the geniuses to spent their money income for innovation. But for some country it isn't. It depend on the people in specific country itself. In general. For me, ill go with UBI

                                      • CaptainFluffyz
                                        CaptainFluffyz  23 hours back

                                        YANGGANG

                                        • SuB SONiC
                                          SuB SONiC  24 hours back

                                          I have worked with poor, middle class, and rich people in organizations which were overwhelmingly dominated by each. There are many useless lazy rich people but far more useless lazy poor people. Anecdotal, but unchanging.

                                          • Andrea V
                                            Andrea V  1 days back

                                            Look up Andrew Yang on youtube! His main campaign promise for his US 2020 election is a 1k a month UBI for everyone over the age of 18 😃

                                            • Tetlus Adams
                                              Tetlus Adams  1 days back

                                              Who is this yang guy that these comments are talking about?

                                              • Fliyo MB
                                                Fliyo MB  10 hours back

                                                Boi do I have some news for you.

                                              • Andrea V
                                                Andrea V  1 days back

                                                Look him up on youtube. He is the best democratic candidate running for US presidency at the moment. He is promising a 1k a month UBI for every American over the age of 18.

                                            • Jackson McAvoy
                                              Jackson McAvoy  1 days back

                                              I can hear the Marxism screaming at me. It's so apparently obvious. The idea that people will continue working because they actually want to. You give someone a little bit of money to help them pay rent every month and then you say, "see they didn't stop working; if we keep going further with this program, no one will stop working". That's not enough money to subsist off of. No one would stop working as a result of this money. But, we know that free stuff is very appealing to the populous and that if someone wants to become powerful, they just have to offer more UBI to everyone. "It will only cost a little bit more in taxes and the possibility of new industries being made."

                                              • Praxy Yeah
                                                Praxy Yeah  1 days back

                                                And people seem to under estimate the drive the people have to do something (work or what not). Yes some might be okay on just laying around doing nothing. But the majority is not like that.
                                                Also, no studies done to this but personal experience says the day you get your check/payday you just wake up different more positive, suddenly work is not that bad knowing there’s something waiting for you when you open your bank account....until it’s time to pay your bills and your back to micro managing your days so you can survive until the next paycheck. With the UBI, I believe it will take that dread out of the equation. Yes you might spend most, if not all, of your paycheck in a couple weeks, it’s up to you, but point is, you won’t have to worry about having a roof and bed to sleep on because you have extra money to keep you from being homeless.

                                                • Count Jinsula
                                                  Count Jinsula  1 days back

                                                  Yang gang let's gooooo

                                                  • Andrea V
                                                    Andrea V  1 days back

                                                    Wooo!!!!! Yang 2020 all the way😃 he'll give us our 1k a month UBI

                                                • Aurora Wolf
                                                  Aurora Wolf  1 days back

                                                  It'll never work, fuck socialism and the swine who follow that bullshit

                                                  • Andrea V
                                                    Andrea V  1 days back

                                                    Says a fucking furry

                                                • Karenni Boy
                                                  Karenni Boy  1 days back

                                                  We need Andrew Yang!

                                                  • Andrea V
                                                    Andrea V  1 days back

                                                    He is the only candidate addressing automation and the benefits of UBI! HELL YEAH YANG 2020

                                                • larry smith
                                                  larry smith  2 days back

                                                  Ubi is interesting but yang is not the right guy to do it. Could you imagine him trying to battle with China and Russia. He would get destroyed

                                                  • Rooster Cogburn
                                                    Rooster Cogburn  2 days back

                                                    I'm obsessed with your videos!

                                                    • Onepiece barca
                                                      Onepiece barca  2 days back

                                                      Nobody will understand this but


                                                      Fukarallëk maskarallëk

                                                      • Rowan Gauld
                                                        Rowan Gauld  2 days back

                                                        Your body your choice. My wallet my money

                                                        • Rowan Gauld
                                                          Rowan Gauld  16 hours back

                                                          Andrea V in the individual before the collective. Otherwise the state would put restrictions on who can have children depending on your income. You know, for the greater good. Because of over population. How about how much you can eat. You know, for the greater good.

                                                          I'm not studying a 4 year degree which I have 8 subjects every year, getting an average of 5hrs sleep, while working a job just so when I get a job, I pay someone else who does nothing. I'll voluntarily do it but you can't force me.

                                                        • Aaron Landry
                                                          Aaron Landry  1 days back

                                                          Andrea V “He’s not a politician.” I’m the one ignoring facts?

                                                        • Andrea V
                                                          Andrea V  1 days back

                                                          @Aaron Landry he's not a politician. And you're just blindly ignoring facts

                                                        • Aaron Landry
                                                          Aaron Landry  1 days back

                                                          Andrea V That may be what Yang will claim, but budget numbers paint a different story. Maybe you shouldn’t go off of whatever a politician promises?

                                                        • Andrea V
                                                          Andrea V  1 days back

                                                          The greater good my dudes. And you would also get the 1k a month UBI lol you'd have to be spending 10k a month for it to really affect you

                                                      • Flabby PigLegs
                                                        Flabby PigLegs  2 days back

                                                        Lol at the brush over inflation

                                                        • Fliyo MB
                                                          Fliyo MB  1 days back

                                                          Lol at the brush over the fact that a free competitive market will prevent said-inflation, given that UBI uses money in circulation.

                                                      • johnwisdom
                                                        johnwisdom  2 days back

                                                        UBI PART 2 PLEASE

                                                        • Shahrooz Shadbakht
                                                          Shahrooz Shadbakht  2 days back

                                                          *Andrew Yang has joined the chat*

                                                          • Aaron Landry
                                                            Aaron Landry  1 days back

                                                            Shahrooz Shadbakht Nomination: Imma bout to end this man’s whole career!

                                                        • Limp Wibbler
                                                          Limp Wibbler  2 days back

                                                          3:00 That is me right now. I go to college as a 22 year old male. The government covers 100% of my costs so I have no debt and almost out of school, I have 1 more year. I get this money because my family doesn't make enough and I qualify for benefits. Well my dad just got a raise, this not only reduced my granted money, but I completely lost it entirely. In fact I didn't get a job purely so that I could receive these benefits. If I had gotten a job I would not be able to pay for college and be in major debt and I also would not get benefits. So I got more by doing nothing. Now this is gone so yes I got a job at an Amazon fulfillment center. I don't not want a job I just don't want a bunch of debt, but current well fair systems force me to either have no job and live on a small amount of money, or go into debt and live with a small amount of money. Clearly no debt is a better option especially if it means I have more free time.

                                                          Like I said this is no longer the case and now I have a job. I actually can't pay for college this semester and dropped out for 1 semester to build some money. I actually got fined $800 for dropping out. So now that is added to my debt.

                                                          A UBI would 100% without a doubt not pay for my college, I am aware, but it would not be taken away by having a job. So if I had that money now I actually would have been able to take classes this semester and I would have a job, making me have the ability to create a savings account and actually have some extra money.

                                                          A UBI will not help me as it is too late for me to really bennifit the most I can, but it will help all future students in my situation so I am 100% in. In fact this would increase the pay for some people I know that work very hard by 30%. They make 35K a year. 12k a year is life changing. Granted a lot of their money goes to alcohol, but that is another issue this country needs to solve.

                                                          • TripedalTroductions
                                                            TripedalTroductions  3 days back

                                                            It should be a social responsibility that once you do get a job and become non-reliant on ubi you start donating it

                                                            • Aaron Landry
                                                              Aaron Landry  1 days back

                                                              How about it being a social responsibility to make your own $1,000 a month? That way people don’t end up paying for NEETs that refuse to work

                                                          • Ian Prado
                                                            Ian Prado  3 days back

                                                            A federal jobs guarantee program terrifies me

                                                            • Hayden Donadio
                                                              Hayden Donadio  3 days back

                                                              This is just another form of communism and that’s system killed 100 million people so fuck off with your UBI

                                                              • kostas T.S.S
                                                                kostas T.S.S  2 days back

                                                                Congratulations for the most stupid comment in entire YouTube!

                                                            • SwikedyAweTastic
                                                              SwikedyAweTastic  3 days back

                                                              I’ve been pushing for UBI as soon I found out about it when this video was released. So happy to see a candidate pushing for it for 2020

                                                              • Aaron Landry
                                                                Aaron Landry  1 days back

                                                                Andrea V No one cares about California exclusively. I’m referring to his national poll numbers, which have remained relatively the same.

                                                              • Andrea V
                                                                Andrea V  1 days back

                                                                @Aaron Landry he is polling 7% in California right now. Higher than Kamala Harris in her OWN STATE lol

                                                              • Aaron Landry
                                                                Aaron Landry  1 days back

                                                                Andrea V Check again. His numbers are exactly where they’ve been sine June

                                                              • Andrea V
                                                                Andrea V  1 days back

                                                                Yang's numbers have been increasing day after day! He will be our nominee.

                                                              • Fliyo MB
                                                                Fliyo MB  1 days back

                                                                Yang just got 7% on a California pulling, making him the forth there, defeating Kamila Harris in her own state.

                                                            • Plainjupiter724
                                                              Plainjupiter724  3 days back

                                                              It should be just enough money to live in a small house and pay Bill's and buy food

                                                              • Everything Cool
                                                                Everything Cool  3 days back

                                                                Laziness is not really lazyness because laziness is something lol

                                                                • Everything Cool
                                                                  Everything Cool  3 days back

                                                                  The problem is if you save up so you are more lucky to wast because you're ritch

                                                                  • Everything Cool
                                                                    Everything Cool  3 days back

                                                                    I will work from home and if I made a penny wouldn't matter lol it a bad idear

                                                                    • Fliyo MB
                                                                      Fliyo MB  1 days back

                                                                      It is a good idea. Because you have financial security while working what you actually want.

                                                                  • A King
                                                                    A King  3 days back

                                                                    Meth dealers for Yang! People are sometimes poor due to addictions. The extra income will be spent as soon as it hits their account and they will still need welfare to get through the month. Anyone whose been in the military knows soldiers that were dirt poor a few days after payday when everyone was paid the same wage.

                                                                    • Memelord Bob
                                                                      Memelord Bob  3 days back

                                                                      Imagine not wanting to destroy the economy.


                                                                      this post was made by yang gang

                                                                      • Memelord Bob
                                                                        Memelord Bob  16 hours back

                                                                        @Andrea V i watched it, and it's kind of interesting to watch people believe that free money is the answer to everything, and wont just make people lazy

                                                                      • Andrea V
                                                                        Andrea V  1 days back

                                                                        Imagine being stupid and not watching the video you just commented on to understand how UBI works.

                                                                        This post was made by the uninformed gang

                                                                    • Bob A
                                                                      Bob A  3 days back

                                                                      UBI will never work. Dream on libs. You need to study USA not, Canada. WHY should I work when I am paying someone who might replace me through education OTHERS paid for? Too many will want to be the recipient not the provider.

                                                                      • Michael Scott
                                                                        Michael Scott  1 days back

                                                                        You’re an idiot with no brain. And if you do have a brain, you haven’t researched UBI enough to understand it. Please, just sit this one out. Go back to watching Fox News, literal moron.

                                                                    • Omar Kenawy
                                                                      Omar Kenawy  4 days back

                                                                      Andrew Yang just provided funding of UBI for 10 American families on the national debate stage. This will be an interesting study to say the least.

                                                                      • Andrea V
                                                                        Andrea V  1 days back

                                                                        @Aaron Landry The UBI in Finland didn't fail at all buddy. It significantly increased happiness. People said it failed because people starting to work less, but they started to work less because they were spending more time with their families and pursuing their hobbies and interests

                                                                      • Aaron Landry
                                                                        Aaron Landry  1 days back

                                                                        Michael Scott Except that the Alaskan Permanent Fund is not UBI. Simply reading up on any of that state’s legislation’s history will prove very quickly that it is not UBI.

                                                                        Alaska has lots of oil, but lots of people own several parts of the land there. Rather than going through the effort of individually paying everyone for the drilling rights, the oil industries just made a statewide fund to gain statewide drilling rights. An Alaskan citizen only receives about $1,500 each year (which will maybe pay for a cable or gas bill), so the individuals with oil on their land really got screwed over because they’d be receiving a lot more than that from the oil industries otherwise. The price fluctuates somewhat too, because it’s tied to the price of oil, for some reason. It saved the oil industries money though, because they don’t have to make the people millionaires to drill there and saved a lot of time doing so too.

                                                                        Their being able to now drill is what caused more business in Alaska and thus caused a mild increase in part time employment (that could be part time working oil drilling machinery or that could mean part time working a hotel to house the oil workers). Like I said earlier though, it’s a shitty trade off for people with oil on their land, because they’ll only get a crappy annual check of $1,500 instead of how much that oil is really worth.

                                                                      • Michael Scott
                                                                        Michael Scott  1 days back

                                                                        UBI studies have failed in some places, but have thrived in other places. Alaska has had a UBI dividend for 39 years.

                                                                      • Aaron Landry
                                                                        Aaron Landry  3 days back

                                                                        How about we look at Finnish studies of UBI? Oh, they failed. Oh, how about we look at Canadian studies instead? They must be different, right? Nope, it failed there too.

                                                                        I really think there’s going to be a difference when a politician does it instead of a country