Basic Income and the New Golden Age of Capitalism | Floyd Marinescu | TEDxWindsor

Technology created the middle class and now it is destroying it. A universal basic income could preserve and expand a middle class way of life for everyone, bringing in an era of human prosperity and wellbeing worthy of being called a new golden age of capitalism - but only if we can come to see that technology is our shared inheritance. Floyd Marinescu is CEO and co-founder of C4Media which provides software development news and learning events serving 1.2M online on InfoQ.com, and 8000 attendees annually via QCon conferences in SF, NY, London, Beijing, Shanghai, and Sao Paulo. Floyd is an angel investor in over a dozen startups, and has built teams and businesses in the US, Canada, China, Brazil, Europe. Floyd is a CEO activist for universal basic income and led 120 Canadian CEOs to endorse basic income in Canada in Oct, 2018. Floyd's non-profit UBIWorks.ca promotes Universal Basic Income in Canada. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@RoryF2]

Yang 2020

[@arrayofwayz]

@cannabased Alaska has less inflation than other states after 40 years of the oil dividend

[@fairmonger1203]

@cannabased Funded by VAT adjusted to hit more heavily on non-essential goods making it less regressive.

[@arrayofwayz]

@cannabased so you aren't in favor of an AI tax?

[@fairmonger1203]

@cannabased I feel a consumption based tax is easier for citizens to control and ultimately more fair. I can't control what my land is worth compared to my income, therefore I could be taxed out of my home or be forced to sell my land. I CAN control my consumption. Greater control, greater freedom.

[@JonathanRootD]

@@arrayofwayz cost of living in Alaska is 7th highest in the nation. Considering Alaska is the most rural state this is a stunning failure.

[@cainification]

This is why everyone needs to vote Andrew Yang for president! He is the only one addressing these problems. Please give him a chance and vote. I've never been political before but this transcends politics

[@henrygustav7948]

this is in the field of economics. Any form of UBI I have seen has no mechanism to pull back on spending should inflation occur. Its not a good idea and I don't come to that conclusion without any thought to it. The Fed jobs guarantee is a much better proposal that ensures everyone that wants one gets a job without causing inflation.

[@KeeperOfKeys22]

@@henrygustav7948 I will die before I work for a government that dosen't value me.

[@derekliu9992]

to everyone reading : don't listen to me, don't listen to KZbin commentors, but listen to Nobel prize laureates on this aggregate views on this subject.

[@henrygustav7948]

@@derekliu9992 great that you mention this here's an excerpt of a conversation between JFK and James Tobin Nobel prize winning economist. "That the Heller council was able to be so influential with Kennedy is attributable in part to the tutorial function it played in his economic education. This is well illustrated by James Tobin's account of one of his sessions with the president. He wanted to talk about economics, economic theory indeed, He wanted to ask me some questions, but it turned out he wanted to give his own answers to them too and see if I agreed, almost as if he were showing how well he had learned his lessons. So he did most of the talking, and my own interventions were largely to confirm that his own answers to his questions were right. There were two subjects; the budget deficit and gold. On the first he said, "Is there any economic limit to the deficit? I know of course about the political limits. People say you can't increase the national debt too fast or too much. We're always answering that the debt isn't growing relative to national income? There isn't, is there? Well, what is the limit?" I said the only limit is really inflation. He grabbed at that. "That's right, isn't it? The deficit can be any size, the debt can be any size, provided they don't cause inflation. Everything else is just talk." We had a similar conversation about gold and the balance of payments...this was the gist of the conversation. He spent more than half an hour from a busy day on this conversation, and he was obviously having a good time. Obviously too, he and I both recognized that the talk was an academic one, divorced from the day to day policy decisions where he realized so keenly that the political and ideological myths from which he was showing his intellectual liberation were so constraining and compelling. I was extremely gratified, of course because these were points he had certainly not understood in 1961 and points I had tried persistently to make orally and in writing for almost two years. Maybe he was just showing that he understood my points, without indicating that he agreed with them. But that was definitely not the tone of the conversation. Rather it was that he understood them and accepted them but that he was as I well know, hemmed in."

[@JoelJB60]

@@henrygustav7948 Two words - economic cogs. Present a FJG that produces living wages and you may have something but it cannot and will not because it must compete with private sector. It will(eventually) lose all skilled labor because private sector will pay higher wages and automation/AI will continue to outperform. All models of FJG are using 20th century economics that refuse to account for the impacts of the advancement of technology. Any FJG will therefore be "make work". A dystopian nightmare we do not want to traverse.

[@dan6848]

This is why USA needs Andrew Yang as president

[@dm95422]

And Ontario NEEDS Alvin Tedjo for Ontario Premier !!!

[@suivzmoi]

this guy has to be Yang Gang

[@floydmarinescu1]

Of course I am!

[@zambot264]

Awesome!!!

[@Chaser4906]

Whoohooo! yang gang!! yang2020

[@BS-yt6en]

@@floydmarinescu1 that's so awesome :)

[@j00ktau]

Yes 👍

[@PorkSodaOnTheRocks]

Why is Andrew Yang the only presidential candidate talking about this? More importantly, why is the media not debating the consequences (positive or negative) of a basic income?

[@Neoquaker1]

Becuase most politicians are bought. And all media is owned by the elites. The elites cant stand the idea of UBI.

[@benkim486]

@@Neoquaker1 Disney owns ABCnews, AT&T owns CNN, Comcast owns NBC (msnbc), and they're constantly gas lighting the American people

[@lanzer22]

Trickle down economy, baby! All we need to do is to keep lowering taxes for the rich and corporations! To support UBI means everyone who pushed for the recent tax decrease will have to admit that what they've done didn't work. They can't allow that, they'd lose votes!

[@MNanme1z4xs]

UBI is capitalism version of communism, there is no way the elite will allow it in practice, you can only talk about it.

[@levib]

Most politicians are behind the times because they’re focusing on the most votes rather than solving problems at the forefront. Yang is rare.

[@garyrodgers7883]

It's astounding how many people are fine with their chains, as long as their fellow citizens remain enslaved also. We are all in this together. Let's all choose freedom.

[@vagasint.4345]

Gnash Ridgeback what if you actually enjoy your job?

[@garyrodgers7883]

@@vagasint.4345 That is fantastic if you enjoy your job. But, that doesn't mean a person should be forced to labor for survival at any job whether they enjoy it or not. There is no need for this anymore, if there ever was. In fact, soon it will become difficult to compete for jobs against automation. It was not always like it is now. In a more natural state of being, you could wander into the wilds and build your own shelter, and you could hunt, fish, gather fruit, and survive without being forced to labor for someone else. That is freedom. That is also no longer possible. Freedom is no longer possible. If you tried to live a subsistence life in today's society, you would be required to labor for the money to purchase licenses, you would have to follow regulations, and that also would not provide you with enough to survive. There is no place left where you can do such things without someone taking resources from you. If you had land, you will be forced to pay taxes. If you don't pay taxes or rent, you will be driven off the land. Everything is claimed by someone else. There is no unclaimed land on which you will not be arrested or driven off if you do not pay taxes. There is no possible path to real freedom. To put food in your mouth or a shelter to sleep in requires money. This requires you to labor for others. So, to survive you must labor for others. This is slavery. Being forced to labor for others under the threat of death is the very definition of slavery. Enjoying your job is great. But, it has no bearing on whether you are free or not. A job is something you should do either because you want something more than the very basics, or because you enjoy it, as you have suggested. Not because you would die if you didn't labor for others. Since we cannot give people freedom by way of giving them a plot of land for them to scratch a living off of, instead give everyone just enough for the very basics of food, clothing, and shelter. If people want more than that in life, let them labor for it. And, I do hope folks can find a job they enjoy to earn the money to get their Netflix, Mocha Frappachinos, and McDonalds. I would also be fine with giving every human being a portion of land to provide for themselves, but since not all land is equally fertile, this would be a physical impossibility. So, instead, let us take the huge gains in productivity in this modern economy and distribute to every single human just enough to obtain the basic needs, thereby granting everyone their basic human right of freedom. $12,000 per year is right at about that amount for just the basics needed to survive. Anything more on top of that, should be on them to get for themselves however they see fit, hopefully with a job they enjoy, or at least at a wage they are willing to accept.

[@vagasint.4345]

Gnash Ridgeback that is a very deep reply for 6 words.... But I will be read it all after my checkride M8 Thanks for the thought out answer

[@vagasint.4345]

Gnash Ridgeback I had time to read it after all. Oh yeah I have absolutely nothing to say against UBI but I am just saying not everyone feels trapped by their jobs My parents love theirs and I love mine even if I have to work for someone else. But hey if people want to give me 1000$ extra a month on top of what I love doing go ahead I won’t complain

[@garyrodgers7883]

@@vagasint.4345 So cool you love what you do! You are lucky, not everyone does. But, for me it isn't about the money or the job. It is all about freedom for every human. It is that basic human right. The right to say "no" to abusive situations, human trafficking, coercive employment, and bad financially dependent relationships of all sorts. A person's finances should never again be a tool that can be used to make anyone do any single thing against their will. Cheers, and have a good day, Vagas!

[@koko969w]

Vote for Yang and let's make this happen 👍

[@brokenchopstickz]

Are you willing to give up/ exchange your freedom for this free money? Are you willing to give up you Health for this? Are you willing to forfeit your most prized possession? Will you forgo your Thought behavior for this free money? Will you give up your internet freedom privileges. Nothing is ever free, let me emphasize this. Nothing is ever free!

[@SamuelMindel]

If only there was a presidential candidate running on this platform... Yang2020

[@MagniGames]

There isn't. Yang supports a "Freedom DIVIDEND", *NOT* a UBI. They're not the same thing.

[@SamuelMindel]

@@MagniGames effectively, they operate the same way as cash transfers for everyone. In fact, Yang's dividend scales with the CPI and doesnt necessarily change with increased or decreased production.

[@zCopyCatz]

@@MagniGames UBI is just a concept, it's not set in stone.

[@justinlantrip]

@@MagniGames ?? Freedom dividend is just a different name for the same thing, its more branding than anything

[@remyd8767]

@@MagniGames lol. Freedom Dividend is a feel good name for ubi. I hope you're joking

[@serpent77]

With a UBI I'd spend a little less time working, and spend more time and money helping my son follow his curiosity in STEM.

[@jeffkeil1595]

You are one of many reasons I won't support UBI. I hope your son learns from you. Like, don't be a lazy life failure.

[@serpent77]

@@jeffkeil1595 I'm sure my company absolutely needs that 4-20 hours of UNPAID overtime (that I do EVERY WEEK for the last three years) that is outside of my contracted hours *MUCH* more than my high functioning autistic son could use his dad's help to better understand the STEM technologies he is so fascinated by. *rolls eyes* Get real.

[@jeffkeil1595]

@@serpent77 you get real, and understand you're not special and you're not going to get a grand per month for free. So don't put much thought into it.

[@ifonlycainwereabel2110]

@@jeffkeil1595 someone had a rough childhood that made them have a pessimistic attitude. Perhaps the rugged individualism for parents and school mates while companies continue to get handouts

[@ifonlycainwereabel2110]

@@serpent77 this is what we need. People having the flexibility to do what's important, like raising a child to not become lost in the world

[@Capotua25]

yang gang forever

[@mvpsantoo]

I wish all the Bernie Sanders and Warren supporters etc watch this video and realize that Andrew Yang is really the best choice long term because of this idea of UBI.

[@neweraboss5728]

Too bad they're allergic to facts and data.

[@BS-yt6en]

Warren and Sanders would collapse America into a third world nation

[@neweraboss5728]

@@BS-yt6en that's not true if you look at their solutions objectively. We are in a mixed economy. All they want to do is rid of middle class debt like we did for wall St back in 2008. Healthcare coverage that we have now is overly capitalistic and profit driven. Doctors and nurses complain about spending too much time doing middleman paperwork and not taking care of patients. It's not like we have to completely get rid of insurance companies once we have healthcare for all. Yang's plan is universal health care but keep the insurance companies in case govt health care goes out of control just like right now how insurance companies are out of control with their profit driven price tag. Use MATH, my friend.

[@Rensoku611]

@@BS-yt6en America is a continent, and your ignorance shows hard. Norway sweden denmark laugh at you

[@Rensoku611]

Santo Ruiz Bernie + UBI instead of federal job guarantee and we call it a deal

[@ubivisuals2289]

More people are waking up to the fact that the nature of work is changing. Technology is growing at an ever accelerating pace and people need a cushion for the transition. We need basic income yesterday.

[@metalsmgamepy9447]

YANG 2020!

[@chetgaines1289]

this is the most important reform of our time.

[@WingofTech]

Chet Gaines “What is called by many economists; the Fourth Industrial Revolution.” -Andrew Yang

[@kekkaisenn6497]

Yeah, we are the generation of this revolution.

[@kenjaminyang]

Really excellent talk on why humanity urgently needs universal basic income. More people need to understand that the gains from technological progress are to be enjoyed by all citizens as a shared inheritance, at a time when automation is displacing millions, potentially billions, of people around the world. Meanwhile, companies doing the automation are becoming more productive and profitable. UBI is the answer.

[@henrygustav7948]

UBI doesn't do anything about the capitalist structure that overpowers people. It doesn't take away the fear of unemployment that capitalists use to keep wages low and poor people in line. What we need is something that gives REAL power back to the people, giving people an income while on the other end also giving people much needed services and goods that capitalists charge high prices for because they need to profit.

[@gcod3d161]

Henry Gustav money is power

[@henrygustav7948]

@@gcod3d161 and we need to reduce that power that money has over people by guaranteeing universal basic services so people can have a minimum standard of living regardless of money.

[@gcod3d161]

Henry Gustav i totally agree, however wouldn’t ubi be a great first step? we can’t just overthrow the underlying principles of our economic system all in one go *without* harming many more people than we are intending to help

[@Phrozn]

I couldn't agree more! 👏

[@Chaser4906]

please share this video and show that we need Andrew Yang in 2020

[@goprojoe7449]

Yang has no chance. Nobody has a chance against Trump, he's doing too well. Maybe 2024

[@julieo4580]

GoProJoe well not with that attitude. Bye.

[@goprojoe7449]

@@julieo4580 Biden 2020

[@Chaser4906]

@@goprojoe7449 as a yang ganger and our slogan which reads "Humanity First" i'm going to say something nice to your reply. at least biden is better than pete bootleggieg. there, i said it.😁 BTW.. as I recall, trump didn't have a snowball's chance either, but here we are today.😎 Yang2020

[@julieo4580]

T T and we qualified for debate despite mainstream media blackouts

[@stormwatcher59]

Proud Yang Ganger here...really glad to see a Ted talk on UBI!!!

[@zakadoke9912]

Yang2020

[@pictureworksdenver]

YANG!

[@sillybilly8028]

Yang

[@DI_IDER]

MATH🧢🧢🧢🧢🧢🧢

[@csganon1115]

Yang gang checking in

[@michaeljamesjohnson]

This guy is Yang Gang! :)

[@bartonny2407]

ANDREW YANG 2020!!!

[@CNM3]

Another intelligent person echoing Andrew Yang's presidential platform.

[@davidabarnes1993]

YangGang checking in, thank you Floyd!!

[@xjonnyd93x]

13:10 Call it a dividend, total Yang Gang Supporter

[@buffalo1700]

There’s a candidate running for president with UBI as his platform This can be possible.

[@fustian]

andrew yang 2020

[@ss8101989]

When was the last time TEDx talks and US Presidential Candidate (Yang) are championing the same idea?

[@pingz2454]

YangGang anyone?

[@stormwatcher59]

You betcha!!! :)

[@vagasint.4345]

Literally everyone

[@pandasarecool1026]

Yang gang

[@elliottcarson1248]

Andrew Yang 2020, he's the right guy for the right time.

[@IMautodidact]

If you realize that robotics and AI is doing better every year. And if you realize that eventually a machine will do a better and faster job than you... Then you realize that it's just a matter of time, before you are no longer needed. So you have to ask... Are the machines producing for whom and for what?

[@AdamPenningtonadamcpennington]

YANG GANG 2020! UBI for All!

[@BS-yt6en]

ANDREW YANG FOR PRESIDENT

[@KnowerofThings]

with UBI i can focus more on my side business and less time on my day job.

[@adamsmith21stc]

How so, considering your day job will still take up the same amount of time in your life? A UBI doesn't mean your boss at your day job will require less hours from you.

[@ccsdk]

Excellent

[@YangsNourishingKitchen]

Thank you, Floyd! I love your perspective. I have been sharing this one. :)

[@NextLevel360]

Yang Gang!

[@JustinSorensen17]

The freedom dividend is here, vote for Andrew Yang to make it happen!

[@johnyjsl9219]

Andrewwwwwwwwww !!!!

[@justinbang3650]

Andrew Yang is the only candidate that actually made me tear up hearing his interviews. Other candidates use sob stories and it has no affect on me. We want someone genuine and relatable than a corporate shill that only pretends to know how its like to live with low income. Yang 2020. Lets change the future!

[@poppyorangeflower]

Andrew Yang 2020, folks.

[@mikejones3015]

Yang Now.

[@PinkSummer1017]

WHY HASN'T HE COME OUT TO ENDORSE ANDREW YANG??

[@ImNeurons]

He has. In the comments of this very comment section. Read around bruh.

[@inexplicable01]

Probably more powerful for the ubi argument if he decoupled from yang

[@WobblieSkellie]

Well, he is Canadian.

[@AlmaVasquezjr]

Shout out to the yang gang, love you guys.

[@SkippyHatesMe]

Comparing Toronto in 1970 to Toronto today and attributing the change to income alone is wildly dishonest. The demographics shifted completely in those intervening 50 years.

[@jonathanwerrey-easterbrook6016]

Vote Yang

[@keptyeti]

YANG200

[@MelPuzon]

Remember when Peter Joseph and Jacque Fresco talked about this?

[@bagiee1]

....and everybody were calling them crazy

[@MelPuzon]

@@bagiee1 I guess I was crazy ...LOL

[@bagiee1]

@@MelPuzon some of us...were:))

[@Sekir80]

Yeah, I do. I loved it instantly! I avoid politics, because it seems endless bickering. I am not american. Still, I root for Yang as I have never before to any politician, ever. Yang2020! FTW!

[@bagiee1]

@@Sekir80 Right... but Just because a politician endorses UBI it doesnt mean that we found the goose with the golden eggs. UBI is just a first small step, and patchwork to an inefficient system. For this World to get better we need a System's change.... not change of politicians.

[@Devillionaire]

In conclusion... VOTE FOR ANDREW YANG!

[@scarswell12]

A very good case for UBI.

[@michaelarchbold2129]

This guy is so Yanggang

[@RLReagan]

Love the dividend concept. I heartily believe in a ubi. The benefits well outweigh the negatives and there are negatives - I’ve heard good arguments both ways.

[@morningglorify]

Fellow Canuck, amazing visionary. Thank you!

[@ronniecammarata2228]

Floyd you have the means to help make this happen. I hope your in contact with yang and work with him to get this message out there in a way thick headed republicans can stop worrying about the party and start taking ideas from both sides

[@floydmarinescu1]

I am :)

[@AL-tj7ye]

Hey dude, why did you copy Andrew Yang?!?

[@adayexpired6370]

Because he’s YangGang! Ideas like this belongs to everyone!!!! 😊 ✌️

[@countyfair74]

Ancient Chinese secret....

[@stormwatcher59]

@Kevin Warburton - you are right, the idea has been around for years! MLK Jr, Thomas Paine, it passed twice in the House...

[@kamra99a]

Two signs that a person doesn't understand Universal Basic Income: (1) "But if everybody has an income, nobody will work anymore." and (2) "alright, we can do this, but only if they are really poor". I have heard both of these recently, coming from people that you might have thought were of normal intelligence.

[@HeyCharlieBrown]

kamra99a So true I’ve heard those 2 question more than any. It’s maddening seeing it coming from ppl that you thought where normal logical thinking ppl smh.

[@amitcarbyne3635]

guys share the video.

[@zackandrew5066]

Interesting informations

[@skrillamillion]

9:45 💗💗💗💗💗💗

[@xvsj5833]

Free month $$$ FYI I too came from a dysfunctional and abused childhood. That is what gave me my strength, drive, creativity and ambition to do work hard and work smart. Good talk.

[@bitterbeautiful]

Thats what gave it to him as well. Now imagine you didnt have to endure all that and actually grow from a place of peace. Read between the lines!

[@joenobody8997]

American meritocracy: if you work harder, you will make more money. But what if machine is working even harder. Can you compete with machines? The answer is in more and more jobs machines going to outsmart humans. Elon Musk believes so. Most people working with AI believe so. However, average people walking on the streets have no idea.

[@xvsj5833]

Joe nobody Sooooo what quality sets you above average Joe nobody. People have to build & program machines. Machines don’t reproduce on their own.

[@joenobody8997]

X VSJ If you read about AI, or talk with someone in the business, you will know AI soon will be able to write computer codes. While I am not saying that all of the programmers are out of jobs, but a lot of them will be. What kinda jobs a programmer can have other than programming, lower paying jobs for sure.

[@xvsj5833]

Joe nobody Well...... JN ..... how effective will Al be during an extended power outage?????? Or no power ???

[@cowboygareth]

this is so uplifting. people like him should speak out more.Lets's spread this video. Help get andrew Yang into office. Start the greatest global revolution of our time. Usher in the new age of progress.

[@antoniobortoni]

The beginning of this talk is really good. Spotify wins against record stores, online banking in your smartphone will win against all bank's jobs. So yeahh the world change.

[@howimade3309]

no yang no brain...think harder america!

[@mangrove-1]

he was definitely yang’d. nearly called UBI as the freedom dividend at 13:01

[@kenjaminyang]

Him and Andrew Yang are good friends.

[@eugeneoconnor4729]

Yes make it happen now

[@simonsuh1733]

I love the idea of ubi. :)

[@thomasyang2644]

I really thought his last page would be YANG2020

[@ray.b.75]

Canadian YangGang!

[@AlmaVasquezjr]

Check out Andrew yang on Joe Rogan podcast, long form format. He's brilliant and amazing.

[@kekkaisenn6497]

Yeah he is

[@Cris-ic2ze]

Dinosaur Bernie is the man who can ruin UBI for everyone!! We need Andrew Yang and Dinosaur Bernie debate first make supporters realize that Andrew Yang is the Best candidate Ever!! Put the money in Our hands!!!👍☑️🇺🇸💵😁

[@forevergreen4]

Bernie's a good guy, but his solutions are outdated. Don't worry, Obama will block him - he wasn't bullshitting when he indicated that he would. Wonderful, wonderful man. He should have been president a long time ago, but Yang is needed now. He's the one with the necessary solutions.

[@chrislg4519]

Great presentation! A++ Excellent job! Thank you

[@FilipinoHODL]

UBI is a Public Utility and not a Social Program. Damn, someone call Andrew Yang and use this!

[@KimiAvary]

Still fighting for Universal Basic Income! Great talk!

[@KOGitnow]

Shared inheritance 🏆👌

[@jefflaclaire2206]

Yang2020 baby!!!

[@MindandQiR1]

Yes, let's try to keep the rarest thing on earth alive, the middle class! Andrew Yang 2020.

[@dm95422]

ALVIN TEDJO is Ontario's equivalent to ANDREW YANG !!!

[@MNanme1z4xs]

UBI is like that nuke fusion, always 20 years away

[@RayT70]

Anyone know how close we are to UBI?

[@saucythighs]

The question is what we, as a society, decide to believe is basic human nature. Do we believe that a person with greater freedom is likely to create less value (without fear/lack as a motivator), or a person with greater freedom is likely to create more value, whether it's directly financial or not? Whichever we choose, we'll be right.

[@AWESEM0]

Andrew Yang Baby !

[@tylerdirienzofitness9913]

Andrew Yang 2020

[@spectermakoto9029]

11:33 I am only working 15 hours a week that's part of the problem no full time jobs anymore

[@goldnutter412]

This should be good, thanks in advance ! I call this the golden decade.. an analogy would be INVERSE of the great depression. Watch it unfold and hopefully we can have something along the lines of world peace in 6yrs or less

[@ericavenezuela8520]

Yang 2020!

[@80sOGRE]

PROBLEM - As with unemployment benefits, you sign an agreement to receive those funds after you have meet the conditions of the agreement. But it does not impinge upon your rights as a citizen. IF you receive Universal Basic Income ( INCOME ), you a legally now an employee of the state 24 / 7 to a government that reserves the right to alter the terms and conditions of this new agreement when it suits them. With no old structure in place anymore to fall back on IF the government as your employer starts making demands of you, as an employee they could simply let you go and no more UBI. It sounds like a utopia but it creates a new situation where governments could use this as leverage against it's new employees to do it's corporate bidding. and WALLAH ! you've created a corporate version of soviet socialism. ( PS regardless of this America needs Bernie Sanders ).

[@lucasimagery]

If we can increase productivity it's better to shorten the work week to increase job demand vs giving out money

[@dm95422]

VOTE ALVIN TEDJO For Ontario Liberal Leader !!!! He's all for UBI !!!!

[@TypicalGuy84]

And Canada's unemployment rates are rising 🤔 maybe you should rethink that vote

[@dm95422]

@@TypicalGuy84 ...that's EXACTLY why Ontario needs a UBI system in place. Unemployment rates are only going to get worse as automation & AI are eating up jobs !

[@thaibinhbach4646]

YANG GANG

[@Blitznstitch2]

With the freedom dividend- being an American will be that much more awesome

[@TheHzh82]

This guy is YangGang!

[@placksheep]

Has this guy given a single thought as to how you're supposed to implement free money for everyone? In a globalized marketplace big companies won't voluntarily bankroll a plan that redistributes their money to anyone and everyone. They will just leave to another country along with the goods and services they generate. This is a pipe dream dude.

[@DaveWard-xc7vd]

It isn't sharing if you are forced to do it. The government will force people to pay the tax that funds the UBI that redistributes the wealth.

[@williammhiro6673]

the only part I missed is that it isn't socailism, isn't it the fruits of labour from the means of production being re-distributed among the population equally?

[@Radnally]

Watch the recent Front Line release on YT regarding. AI. Youll see why basic income is becoming an important subject.

[@toxicxxxmudkip3903]

YANG GANGG

[@queenfoursuited]

Yang Gang approved 👍