LBC callers react to £1,600 Universal Basic Income trial

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Күн бұрын

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@MichaelJohnson-kq7qg
@MichaelJohnson-kq7qg Жыл бұрын
Nick's side of this discussion is one of the most smooth-brained things I've ever heard. We could end poverty by implementing a basic income, well, yes, because you're giving people money. Yes Nick. That's how it works. Whether they inherit it, work for it, or win the lottery, the way people get out of poverty - and I can't stress this enough - is by getting money.
@Jen-tn1un
@Jen-tn1un Жыл бұрын
Nick is one of those wealthy people who choose to believe that anyone who is not wealthy is fundamentally flawed and undersereving of a decent life. He doesn't care about lifting people out of poverty because he believes that those who live in poverty deserve nothing more.
@MichaelJohnson-kq7qg
@MichaelJohnson-kq7qg Жыл бұрын
@@Jen-tn1un I'm just bamboozled by the fact that he's apparently just learned that the way people get out of poverty is through the addition of funds.
@nicolarobinson3140
@nicolarobinson3140 Жыл бұрын
Outside of London and the South of England 1600 take home money is more than many have each month!! In other parts of the UK this scheme would mean those on ui are getting more then their counterparts working 40 hour weeks and paying tax, insurance and pensions!! It would make ui a much more attractive option, sew resentment and make ordinary working people look like mugs!! It’s incredible how so many people don’t appreciate how little many working people actually earn..🤷🏻‍♀️
@MichaelJohnson-kq7qg
@MichaelJohnson-kq7qg Жыл бұрын
@@nicolarobinson3140 I don't think that's the point. If you're going to agree that working people don't earn enough, you must have some idea of what a living wage WOULD be. These UBI programs tend to be based on that figure, because they want to see what happens when people receive a living income as a default. And what they've generally found in the various places these programs have been tested - is that it makes a fairly minimal difference to the amount of people that are 'employed', but makes a significant difference to the amount of people in poverty. Which is surely the goal, isn't it? That NO ONE should be trapped in inescapable poverty?
@varshapatel4537
@varshapatel4537 Жыл бұрын
@@nicolarobinson3140 Thank you, just one common sensical person. Everyone wants to end poverty but facts are facts, any sane person would know to fund this would be impossible yet they’ll keep on going on about how “you want people to be poorer” just because they don’t have any real grasp of how it would practically work. This actually would deter so many people who don’t make £1600 per month bearing in mind these people actually contribute to taxes and unfortunately reality matters.
@nativeenglishpaul2836
@nativeenglishpaul2836 Жыл бұрын
Ferrari asked him 3 times if people could work. Was told yes. Then summarised it by saying people were being paid to stay at home and not work. What a liar.
@yt.personal.identification
@yt.personal.identification Жыл бұрын
The facts didn't quite fit his narrative, but he didn't let that stop him.
@matthewburns7989
@matthewburns7989 Жыл бұрын
I dont believe for a moment that the majority of people would just become couch potatoes. Take COVID furlough as an example of what really happens. People actually do stuff still, they spend the money on DIY projects for example or other stuff that improves their surroundings and all sorts of productive stuff. You'll find that actually improving our housing conditions is big factor in our own mental health. And currently people on low pay, in ongoing long term debt, or not able to work for some reason of health, only can live to pay bills and buy some food, and use food banks of course. Even working people are using food banks which is utterly disgusting for a first world country as we claim to be.
@sharonlightfoot6334
@sharonlightfoot6334 Жыл бұрын
Yes Ferrari had no idea. The very fact it would eliminate poverty is wonderful and yes people can work pay more tax into the economy. Is Ferrari thick?
@sueharrison9115
@sueharrison9115 Жыл бұрын
@@sharonlightfoot6334 In a word Yes ! he is a bit thick.
@JRHainsworth
@JRHainsworth Жыл бұрын
Not only that, but he scolded him about letting people work while on this. Explicitely annoyed people aren't being forced not to work by this scheme, since that's what he wanted to happen.
@chickenliver
@chickenliver Жыл бұрын
The only people who are against ending poverty are people whose self esteem relies on other people being beneath them
@BasedSaxon
@BasedSaxon Жыл бұрын
Ending poverty? You trust known liars to end poverty? They could just change the definition of poverty? Or cull the population that would reduce poverty! But you naturally assume it will all be fine and dandy. 😂🤡
@didyeaye2481
@didyeaye2481 Жыл бұрын
I think that is it in a nutshell.
@acidthunder1
@acidthunder1 Жыл бұрын
Define "poverty". What about slavery? Exactly what will they want from everyone if you dont work and get handouts. 100% compliance to whatever they say. Sounds great doesnt it?
@daughterofenoch677
@daughterofenoch677 Жыл бұрын
@G M Bullseye 🎯🎯🎯
@chickenliver
@chickenliver Жыл бұрын
@@acidthunder1 who is "they"?
@DylRicho
@DylRicho Жыл бұрын
People reacting like they wouldn't get it. It's universal. If this is implemented properly, everyone benefits from it. Even those who are working. James understands.
@targetthetank
@targetthetank Жыл бұрын
I think it's more of the fact they don't want others to get it. The caller about being an "unscrupulous employer" doesn't care about getting it, he doesn't want others to get it, because that would undermine his leverage. All the while, mind you, saying that he wants to change the system, with this literally being a change to the system. Note: I am an American and these are the same arguments over here as well.
@god1971b
@god1971b Жыл бұрын
@@targetthetank USA and UK have similiar business practices, John Major quote, if it isnt hurting it isnt working.
@yiguanas812
@yiguanas812 Жыл бұрын
It would be hopelessly naive to expect Universal Basic Income to be anything other than "Universal" Basic Income. UBI would be implemented by people who are unshakably committed to an identity politics / equity agenda i.e. the amount paid will depend upon arbitrary criteria like a social / carbon credit score or whether you belong to the minority of the month. Dealing with such people is like dealing with the Devil.
@markws5952
@markws5952 Жыл бұрын
Sign me up brother, or sister.
@daviniarobbins9298
@daviniarobbins9298 Жыл бұрын
I think you would have to set levels at which UBI reduces so say if you earn £30,000 a year you only get £500 UBI a month, £40,000 you only get £250 and so on. Otherwise if it was set at £1500 every 4 weeks for 45 million people in this country it would cost about £67 billion a month to fund. There has to be thresholds in place. To fund a scheme that costs £67 billion a month you would have to increase VAT, income tax and NI tax rates would have to increase. A wealth tax would have to come in(and we all know how rich people lover to hand over their money don't we, lol).
@SamoIsKing
@SamoIsKing Жыл бұрын
You've also got to remember that nearly all of this money will go back into the economy in one way or another, and each time the government takes a slice in the form of taxes.
@lenb9037
@lenb9037 Жыл бұрын
By that logic nobody needs to work at all.
@footyball66
@footyball66 Жыл бұрын
this is what I was thinking.... if everyone spent the £1,600 and then it went through another 4 people who all spent it within that month..... the government has the £1,600 back. Thing is, it's unlikely this would happen, but I'd be interested in what % of that money they'd get back in the form of taxes over the space of a year. My guess is 25% - 30%. Meanwhile, they would no longer have to pay out benefits. No longer have to run job centres. Maybe crime would go down. This all said, personally I think £800 maximum should be given, as then most people would still have to work. I also think it should only be given to people aged 20 to 50. I reckon a massive chunk of over 50's would retire early if given £1,600 a month.
@extremeknucklehead3637
@extremeknucklehead3637 Жыл бұрын
@@footyball66 "Maybe crime would go down." Not the REAL crime. The one that is making the vast majority of the population poorer by the day If you gave £1,600 to a person who has £16 in the bank, MOST if not ALL of the £1,600 will be spent in the month If you gave £1,600 to a person who has £61,000 in the bank, NONE of the £1,600 will be spent
@pw3858
@pw3858 3 ай бұрын
Which is why it will create massive inflation
@samcrowe734
@samcrowe734 Жыл бұрын
How about taxing big corporations that spend millions avoiding tax every year to fund it?
@stephenconway2468
@stephenconway2468 Жыл бұрын
Tricky. As soon as someone define the rules, then companies employ smarter tax consultants to find ways around the rules. What appears clear to you and me is often tricky to write down perfectly.
@theghostoftom
@theghostoftom Жыл бұрын
​@@stephenconway2468 Ideally when tax law is written you start by taking the corporate lobbiests and those who have taken their money out of the room. Then you write simple and clear laws. That won't happen, but it's how to make it work.
@abegarfield7031
@abegarfield7031 Жыл бұрын
Tax the churches. The money generated from that could eradicate poverty the world over.
@stephenconway2468
@stephenconway2468 Жыл бұрын
​@@theghostoftom Sadly I don't see this happening.
@andrewholdaway813
@andrewholdaway813 Жыл бұрын
Well obviously this would come from taxation.
@NeilCampbell1
@NeilCampbell1 Жыл бұрын
Tax revenue going back to the people? What will corporations say? Scandalous .
@cameronblack7984
@cameronblack7984 Жыл бұрын
Well it's not going back fairly with the current progressive tax system... The vast majority of taxes are paid by the highest earners. That being said, having access to a platform that you can use to plan your productive future is a very interesting idea. The amount of productivity that is lost because people are in jobs they don't like and therefore do the bare minimum must be huge.
@peters9401
@peters9401 Жыл бұрын
@@cameronblack7984 in all fairness it’s established fact that wealthy people pay a much lower percentage of their income to taxes than working people. In my corner of the planet it’s estimated wealthy people enjoy an effective tax rate of around 3.5%. I’m not sure about you but I know my payroll tax is around 40%.
@user-ug8wx5er1w
@user-ug8wx5er1w Жыл бұрын
😂 tax revenue from other people though
@cameronblack7984
@cameronblack7984 Жыл бұрын
​@@peters9401 mine is around 33%, much higher than someone on less money than me. People on high salaries are the ones who foot the tax burden.
@nik-ev3eh
@nik-ev3eh Жыл бұрын
@@cameronblack7984 I'm eating boiled rice with a stock cube for tea what you having?
@BambooCoffin
@BambooCoffin Жыл бұрын
Nick is of a generation where he was paid to go to Uni through a grant (and most likely had money left at the end - as my dad did!), has only ever seen positive equity in his property, probably has an insane pension deal, and is probably earning more now than at any time in his life. Also, it's not Paid Not To Work, it's a guaranteed income in and out of work. Very different.
@jeffsuter344
@jeffsuter344 Жыл бұрын
He likes to oppress poor people like his Tory mates.
@chatham43
@chatham43 Жыл бұрын
...so however wealthy you are you get it...?
@randomdaveUK
@randomdaveUK Жыл бұрын
​@@chatham43 yes
@apemoon1731
@apemoon1731 Жыл бұрын
It's still paid not to work. I could get by quite nicely on £1600 a month. Bring it on 😁👍🏻👌🏻 He's also of the generation when only around 5% of a much smaller number of school leavers went to university. That's why we could afford to offer it for 'free'.
@chickenliver
@chickenliver Жыл бұрын
@@apemoon1731 5% only making it to university explains why we are in the position we are now. Biggest voting bloc in the country are undereducated.
@KebabMusicLtd
@KebabMusicLtd Жыл бұрын
There are people sat in the House of Lords who do even less than nothing but who earn much more than £20,000 pa.
@danielhornby5581
@danielhornby5581 Жыл бұрын
“As an employer…” The guy admits he exploits his workers. Classic!
@winninglifeyo
@winninglifeyo Жыл бұрын
“They starve”
@DRDR3ADSA
@DRDR3ADSA Жыл бұрын
If Nick Ferrari thinks £20k a year alone somehow ends poverty, he should try living on it
@craigfowler7098
@craigfowler7098 Жыл бұрын
He probably gets that every week
@BadlydrawnBen
@BadlydrawnBen Жыл бұрын
I live very happily on slightly less than that
@richard-gn3es
@richard-gn3es Жыл бұрын
Assuming it wouldn't be wildly inflationary. Then it would certainly end the worst poverty. Compared to many living on uc 20k is a large ammount
@SamoIsKing
@SamoIsKing Жыл бұрын
@@chrisj9700 Thats just hindsight and doesnt help people already in poverty. A UBI could help those people afford child care so they can go back to education and then get a better job.
@nicolarobinson3140
@nicolarobinson3140 Жыл бұрын
Is this 1600 taxed?!! As I work in social care worker and take home less than 1500 after tax and pension on 21,000 a year salary (so where did he get the 20,000 from?!), this sounds a much better alternative?! I can do the stuff I get paid for on a voluntary basis?! Mmmmm…🧐
@Blackstar-wj7ld
@Blackstar-wj7ld Жыл бұрын
Struggling to understand Nick Ferrari's seeming aversion to ending poverty, as if poverty is somehow great for the economy.
@richard-gn3es
@richard-gn3es Жыл бұрын
It is great for the economy
@m_b4
@m_b4 Жыл бұрын
@@richard-gn3es Its great for inflation and currency debasement. Everyone becomes poorer and you'll own less.
@richard-gn3es
@richard-gn3es Жыл бұрын
@@m_b4 if it was profitable for the owners of business.. and governments to end poverty.. it would have been done years ago. The economy needs people in poverty to offer very cheap labour. And to get into debt. Because our whole economy runs on debt
@jordanoneill7052
@jordanoneill7052 Жыл бұрын
becuase he might pay 5% extra tax :(
@BasedSaxon
@BasedSaxon Жыл бұрын
It's communism
@donmcvey
@donmcvey Жыл бұрын
Ferrari laughing at the idea of ending poverty. He simply cannot imagine a world without plebs and poor people.
@chatham43
@chatham43 Жыл бұрын
...more guilt-ridden virtue signalling from the middle-class left.
@luyolomify
@luyolomify Жыл бұрын
I hear you. Does anyone know how I can apply to be on this scheme?
@mogznwaz
@mogznwaz Жыл бұрын
Because it doesn’t exist - it never has and never will and any time it has even been attempted the consequences have been catastrophic
@oldskoolmusicnostalgia
@oldskoolmusicnostalgia Жыл бұрын
It's been the way of the UK since the Victorian period - at the very least.
@jimmyrich4675
@jimmyrich4675 Жыл бұрын
​@@mogznwazuntrue you every word
@---Tre---
@---Tre--- Жыл бұрын
The average rent is 1200, which means you are left with at best 400. Is that really enough to live off of super comfortably? 400 for food, transportation, clothing, and saving up for a holiday. NO IT ISN'T! The UBI is there to cover essentials. Most people will work so they can get ahead.
@riversguy92
@riversguy92 Жыл бұрын
As other people have mentioned this needs to go hand in hand with laws that say pos landlords can’t suddenly raise their rents by the amount of the UBI and effectively nullify it- praying somebody thinks to implement that
@aceyage
@aceyage 3 ай бұрын
Rent of course has to be regulated to be much lower. We need to make housing a human right and as cheap as safely possible.
@David-le7jy
@David-le7jy Жыл бұрын
Perfectly sums up why I switch to LBC at 10am, and not a second before
@chatham43
@chatham43 Жыл бұрын
.....and you work from home which helps...😊
@chatham43
@chatham43 Жыл бұрын
.....and you work from home which helps...😊
@David-le7jy
@David-le7jy Жыл бұрын
@@chatham43 it really does!
@ospreyphil8995
@ospreyphil8995 Жыл бұрын
“You can take a job during this?” “£20,000 to stay at home and do nothing” I think Nick needs it explaining again
@Alex-cw3rz
@Alex-cw3rz Жыл бұрын
And studies have shown that it increases the amount of people in work as it gives them a steady income to find a job or start a business.
@benjaminevans2839
@benjaminevans2839 Жыл бұрын
You can explain it to him as many times as you like. He simply will not listen to it.
@catana.2927
@catana.2927 Жыл бұрын
Mate, he understands how it works. The people that are against it are just jealous, they just hate that everyone will have a fair chance in a system like that. The employer will have to give fair pay, or else they lose the bussiness.
@tobiasmccallum9697
@tobiasmccallum9697 Жыл бұрын
​@@Alex-cw3rz wow cool, how do we afford 1.4 trillion a year?
@tobiasmccallum9697
@tobiasmccallum9697 Жыл бұрын
I get the idea. But 70mil×20k= what? Oh yeah, 1.4trillion, more than our entire budget. Do the maths
@TrentRidley
@TrentRidley Жыл бұрын
"How are you going to pay for it?" A question only ever asked when we're discussing doing things that are socially/economically progressive and ethically right. It's never asked if you want to start and/or fund yet another foreign war, or bail out financial institutions after their reckless and often-times illegal practices have again crashed the economy, or when offering multinational fossil fuel companies massive subsidies as they simultaneously plunder the nation's natural resources, avoid tax and destroy the planet, or when dismantling the public sector and then spending twice or thrice or who knows how many times more on outside "consultants"..... who are usually made up of politicians, their family members, and/or friends, or if you want to lower tax rates, particularly for the biggest companies and wealthiest individuals, etc, etc, etc. Yeah geez, when you start listing out these totally unnecessary and avoidable costs that take the taxes of the lower and middle class and redistribute them to the wealthy, I've just got no idea at all where we might find the money to pay to end poverty and homelessness.
@nilsalmquist802
@nilsalmquist802 Жыл бұрын
Well said.
@torsteinholen14
@torsteinholen14 Жыл бұрын
It`s a conundrum for the ages....
@dannyboy91
@dannyboy91 Жыл бұрын
Also it's always mentioned that we the people should subsidise it with higher taxes. Why is it never mentioned that they could increase corporation tax to pay for it?
@moun7522
@moun7522 Жыл бұрын
It’s not paying people not to work. It’s giving all humans access to a dignified basic lifestyle. When people are properly fed and housed they can then explore their potentials to expand their lifestyle with a job. Employment should give you income to enjoy life and not be a source for survival money.
@monkeyman4556
@monkeyman4556 Жыл бұрын
Oh it's not for us English. It's for our unwanted overseas people who'll dominate the streets to useless to work they'll need it.
@thatslottonuts
@thatslottonuts Жыл бұрын
Yep. 100%.
@acidthunder1
@acidthunder1 Жыл бұрын
That sounds utopian, like communism. In theory all is great, in practice awful
@scrixdaasd4953
@scrixdaasd4953 Жыл бұрын
It not anyting new. Even romans gave out free bread. Build puplic bad. Gat city clean water. And provide. entertainment. This guy tory. Aka he want give rich people money to be lazy spend all on 100 000 pund champagne bottles. Will no clean water. And would cast filty out streets.
@alanharper23
@alanharper23 Жыл бұрын
​@@acidthunder1 Isn't that the purpose of these trials, to determine how it could work in practice? I'm all for these sorts of trials. I think the potential of giving everyone basic financial security is incredible. When it comes to pursuing and choosing work, it would change people's priority from "what's the most financially secure" to "what's the most fulfilling" and I think that would do wonders for people's general wellbeing and happiness. People are most productive when doing what they love, and this would allow many people to choose jobs they love, not just those they need.
@---Tre---
@---Tre--- Жыл бұрын
As a retailer I would love for my customers to have a bit more money in their pockets. That means they can spend more!
@grahamleiper1538
@grahamleiper1538 Жыл бұрын
The "give rich people money they bank it, give poor people money they spend it" argument is a fairly strong one for improving the economy by making poor people better off.
@lizcollinson2692
@lizcollinson2692 Жыл бұрын
The horrible thinking demonstrated here is the I'm a hard worker but other people are lazy, if they are poor it's because they deserve it. I have a thousand questions about this but some people seem to be ready to assume no one will work.
@wilboplays2268
@wilboplays2268 Жыл бұрын
Flat Screen Tellies. I remember a documentary where Ann Widdecombe met people on benefits. She walks into a lady’s house and says “how did you afford that flat screen telly?”. The lady replied “I wasn’t always on benefits”.
@LostBrit_292
@LostBrit_292 Жыл бұрын
I left my job to help my father take care of my mum who has dementia (I'm 31 years old). This universal income would be a huge, huge help. As we're getting to grips with working with my mother's dementia, I am actually able to take more time for myself. I'm actually feeling positive that I could eventually start working from home in the near future as my father and I are getting better at, and more used to, caring for my mum. Caring for someone with dementia isn't cheap.
@daughterofenoch677
@daughterofenoch677 Жыл бұрын
Your mum has 2 registered carers ?
@jeffsuter344
@jeffsuter344 Жыл бұрын
On average it costs £500 per month extra to be disabled.
@keithpanton7486
@keithpanton7486 Жыл бұрын
It's frankly insane that Carer's allowance is EVEN LESS than the pittance of UC. Still around £60 a week, instead of just handing them over to a care home, and letting the private companies charge the government at least £40,000 a year.
@mogznwaz
@mogznwaz Жыл бұрын
Would it be as much of a help if it removed all other benefits you receive?
@LostBrit_292
@LostBrit_292 Жыл бұрын
@@daughterofenoch677 my dad is a registered carer, I am not.
@JoeWedgwood-ik9zo
@JoeWedgwood-ik9zo Жыл бұрын
Your not being paid not to work, your being given a guaranteed living…
@ospreyphil8995
@ospreyphil8995 Жыл бұрын
The amount of people who don’t seem to realise (not you) that the workers will get it too is surprising
@nathanu6759
@nathanu6759 Жыл бұрын
Like the guy who doesn’t know which “your” or “you’re” to use. Imagine being allowed to survive for no additional conditions. Currently you are alive on conditional circumstances, if you do not work then you die. Tell me, what does that sound like?
@richard-gn3es
@richard-gn3es Жыл бұрын
It's inevitable. If not Amazon will be using robots to sort and deliver all the parcels.. and all the unskilled workforce will die from starvation. Oh just learn coding some will say. Well ai is coming for that job too. It's just a fact this will be needed
@JoeWedgwood-ik9zo
@JoeWedgwood-ik9zo Жыл бұрын
@@nathanu6759 I know the correct spelling, I just don’t care 😁👍🏻
@paulmcavoy7878
@paulmcavoy7878 Жыл бұрын
James is bound too like this nonsense
@berserkirclaws107
@berserkirclaws107 Жыл бұрын
🤔 This is worth looking into it. Edit: I just watched a Ted talk "Why we should give everyone a basic income" (which I recommend) and few other videos about this subject and I now really think it could be a great idea. Personally if I had this money I would use it to study because right now I can't afford it.
@lawrencebolt3540
@lawrencebolt3540 Жыл бұрын
Yeah, watched that video a couple years back. He shows how the health costs alone mean the UBI is a net positive, if I remember correctly.
@ClannCholmain
@ClannCholmain Жыл бұрын
😂 Remember all the times Nick cried over corporations getting handouts? Me neither.
@chatham43
@chatham43 Жыл бұрын
...co-operating with whom...?
@ClannCholmain
@ClannCholmain Жыл бұрын
@@chatham43 a typo. Corporations.
@kaytsippy1981
@kaytsippy1981 Жыл бұрын
People's aversion to ending poverty is sobering. Jheeze.
@richardmcdonald8724
@richardmcdonald8724 Жыл бұрын
How does printing "money" end poverty. As it will be paid by deficit spending from the treasury. What makes people poor is inflating their money away, we currently have 20% food inflation and that's the official number which always under reports the figure. To do this for the whole country would be highly inflationary. Even if you did it by tax it would still cause inflation as more money would be chasing the same amount of goods.
@Sirlarrythecat
@Sirlarrythecat Жыл бұрын
@@richardmcdonald8724 Errrm thay's why it would rolled out in stages and if big business and corporations paid thier fair share of tax that would easily fund this.
@richardmcdonald8724
@richardmcdonald8724 Жыл бұрын
@@Sirlarrythecat I don't think you understand basic monetary economics do you.
@himagainstill
@himagainstill Жыл бұрын
​@@richardmcdonald8724 Poverty is, plainly and simply, a lack of money. Realistically, you fix a lack of money with more money. We printed an absolute boatload to get through the financial crisis of last decade, and another boatload to get through COVID. In neither case did we see intolerable inflation. What we're experiencing at the moment is attributable mostly to two things: supply chain issues caused by industry shutdowns over the pandemic, and knock-on effects from Russia's antics. The latter in particular has pushed up the cost of grain and energy. These markets are global. And of course the BoE is using the only lever it has and is increasing interest rates, which would normally work with discretionary goods by encouraging people to spend less on them, which obviously doesn't work when the price inflation is hitting essentials that you can't realistically cut back on. What are you going to do, not eat?
@krusher74
@krusher74 Жыл бұрын
its tribal, the more you have a rightwing brain the more you live in fear and what they fear is that if someone else has a bite of the mamouth the tribe caught they wont get any.
@jackturner6266
@jackturner6266 Жыл бұрын
It is interesting to see what life would be like if we assumed all people at minimum should be able to have a roof over the head and have food on the table. We currently have a situation where people who work full time can scarcely afford even that
@richardfowler9901
@richardfowler9901 Жыл бұрын
Totally out of order someone working on minimum wage can't afford to rent a bedsit
@chatham43
@chatham43 Жыл бұрын
...that's the cost of lockdown Jacko...
@unprofessionallyamateur6354
@unprofessionallyamateur6354 Жыл бұрын
@@chatham43 because poverty totally didn’t exist before that 🤡
@davidmcculloch8490
@davidmcculloch8490 Жыл бұрын
Absolutely! Nail on the head... Divide and rule would give way to basic humanity. Couldn't agree more.
@ENGLISHISBEST
@ENGLISHISBEST Жыл бұрын
The wife & I are 65 & 64 both worked & rent, we have had about 5 holidays abroad in all that time mainly thanks to redundancy payment over the years we are unskilled with no private pension due to low wages. I lately have had many operations & suffered long term covid conditions reducing our income. The government allow for basics when they should raise the minimum wage. Its not fine for those well paid skilled or politicians telling the low paid how to live.
@Meridie
@Meridie Жыл бұрын
This will eliminate the 1% of benefit fraud and will stop people from having 2 or 3 part-time jobs, and with automation being rolled out, it gives people a sense of financial safety
@markzee4243
@markzee4243 Жыл бұрын
Agreed
@craphead9842
@craphead9842 Жыл бұрын
This won't achieve jackshit..... except fleece a few more quid from the UK taxpayer.... Tony cuenca
@daughterofenoch677
@daughterofenoch677 Жыл бұрын
1% of benefit fraud ?
@GregorBarclay
@GregorBarclay Жыл бұрын
@@daughterofenoch677 I think they’re referring to the 1% (probably far less) of benefit recipients who are receiving it fraudulently.
@Meridie
@Meridie Жыл бұрын
@@daughterofenoch677 3.6% according to government figures, it used to be 1%
@SMentor568
@SMentor568 Жыл бұрын
Old Nick struggling to grasp the concept! 😂😂
@EvilEndz
@EvilEndz Жыл бұрын
This would, simply put, save my life. I could get all the treatments I need which would be years in the waiting for on the NHS, I could develop my career and honestly after the 2 years were up I would be earning more than the UBI rate and be healthier (barring serious unexpected illness) and happier. As it currently stands I'm circling the drain with worsening health and looking at homelessness in the coming year and that would be if my mental health didn't finish me off first.
@nilsalmquist802
@nilsalmquist802 Жыл бұрын
So sorry to hear about that Dave. There's too much suffering in this country and it's caused mainly by the greed and selfishness of others.
@jakesmith-bs4jd
@jakesmith-bs4jd Жыл бұрын
Stay strong Dave. Wishing you the best mate
@yt_Ajay_
@yt_Ajay_ Жыл бұрын
Does Nick Ferrari not want poverty to be eradicated.?
@markzee4243
@markzee4243 Жыл бұрын
Nick is a Tory spokesman
@adamibrahim7338
@adamibrahim7338 Жыл бұрын
@@markzee4243Examples??
@mijr9075
@mijr9075 Жыл бұрын
@@adamibrahim7338 any clip on nick
@chatham43
@chatham43 Жыл бұрын
...poverty ain't what it used to be....😊
@saltney17
@saltney17 Жыл бұрын
@@chatham43 weird guy
@Alex-cw3rz
@Alex-cw3rz Жыл бұрын
Guy : explains that studies show it increases the number of people in work Nick : so you're paying people not to work
@matricci2256
@matricci2256 Жыл бұрын
Has Nick ever been right?
@Regailion
@Regailion Жыл бұрын
And it allows people to comfortably get an education, which could massively reduce brain drain
@jordanoneill7052
@jordanoneill7052 Жыл бұрын
Dont forget that part where he was also outraged that people are still "allowed" to work and "bank" the salary. I'm surprised this man can figure out how to get dressed in the morning.
@jeffsuter344
@jeffsuter344 Жыл бұрын
​@@chrisj9700 It increased the emploment of people on UBI. WHY do you hate poor people, like feeling all smug and superior to them?
@nilsalmquist802
@nilsalmquist802 Жыл бұрын
@@chrisj9700 'no it didn’t, employment was unaffected.' So are you willing to concede that such a scheme doesn't act as a disincentive to work?
@Jericho642
@Jericho642 Жыл бұрын
Nick just discovered the cure for poverty (i.e. increasing taxes) and he thinks its a bad idea.
@KebabMusicLtd
@KebabMusicLtd Жыл бұрын
It doesn't even have to be money. It could just as well be some token scheme that allows the bearer to exchange tokens for goods and/or services. This would also generate productivity because people would buy more. Shops would therefore need to employ more staff. Manufacturers would likewise have to increase production and employ more staff. Of course it will never happen. The Tories need someone to blame for their incompetence.
@NaaahBruv
@NaaahBruv Жыл бұрын
@@KebabMusicLtd A token you can exchange for goods and/or services? What a revolutionary idea, you could call it "currency"
@himagainstill
@himagainstill Жыл бұрын
@@KebabMusicLtd We already have a token scheme you can exchange for goods and/or services. It's called sterling.
@chatham43
@chatham43 Жыл бұрын
....you're an idiot if you think you've found a "cure" for poverty....
@NaaahBruv
@NaaahBruv Жыл бұрын
@@chrisj9700 We're rapidly approaching a future where companies will be making massive profits without having to pay a workforce. It is inevitable that those corporations will have to pay more taxes on those profits to fund UBI, so society doesn't completely collapse in on itself. Citizens won't be taxed because they won't have jobs where their income can be taxed. Capitalisms inherent need for infinite growth has made communism an inevitability, and I find that hilarious.
@Carlos12330
@Carlos12330 Жыл бұрын
I’m on a universal basic income,state pension,I’m still working and for the first time in my working life I don’t have to worry about my bills, I think its a fantastic way to break the poverty cycle.
@tamaramulenga4834
@tamaramulenga4834 Жыл бұрын
There's a great documentary about the trial of this in Kenya in one village over 8 years. Fascinating and people did actually try to make their lives better by using the money to start businesses, go to school and generally plan for their lives
@redx11x
@redx11x Жыл бұрын
What happened to the village after 8 years
@tamaramulenga4834
@tamaramulenga4834 Жыл бұрын
@@redx11x the program is still running, ends in 2030
@jtmuso
@jtmuso Жыл бұрын
It’s the freedom to make decisions without financial constraint that’s a game changer with this
@chatham43
@chatham43 Жыл бұрын
...I doubt it somehow...is that why it's so popular worldwide...?
@mogznwaz
@mogznwaz Жыл бұрын
If I got given an extra £1600 a month I’d just pay off my mortgage faster, entrenching my ‘privilege’ by putting that asset entirely in my hands.
@gazfisher7391
@gazfisher7391 Жыл бұрын
I agree.
@ScottZ370
@ScottZ370 Жыл бұрын
If everyone suddenly has £1600 more a month in buying power, watch prices of everything go up to match.
@TheShift1313
@TheShift1313 Жыл бұрын
But that isnt an issue with the ubi, thats an issue with companies raising prices of goods, which they have no issues doing now. "Because companies might charge more" doesnt seem like a strong argument not to try this?
@forsterchurch6242
@forsterchurch6242 Жыл бұрын
The point is there are ways to eliminate poverty in non-extreme taxation, which then levels up our country. It would only come from a point of raw selfishness to oppose this.
@georgef822
@georgef822 Жыл бұрын
What proportion of your money am I entitled to?.
@richard-gn3es
@richard-gn3es Жыл бұрын
@@georgef822 the part thats taxed. Same as everyone else. It's how tax works. I'd rather a ubi than big business getting subsidized.
@lawrencehaynes6408
@lawrencehaynes6408 Жыл бұрын
​​@@richard-gn3es that's great, but it's not like this scheme would stop big business being subsidized. So my only question is how will this be financed in the real world?
@moonfrog9878
@moonfrog9878 Жыл бұрын
@@georgef822 If you’re a billionaire, then the wealth has been accumulated off the excess labour value of employees no one ‘earns’ a billion… or even a million, but taking a decent portion of that as well as tax for anyone else would fund this no problem… money doesn’t belong to any one person… except under capitalism we make it a funnel up problem and hoarders paradise… so I’m not gonna cry over billionaires/ multi millionaires paying their fair share…
@m_b4
@m_b4 Жыл бұрын
Wishing for massive inflation and money debasement. Everyone will become poorer except for the super wealthy. RIP the middle classes.
@wheredidugo6739
@wheredidugo6739 Жыл бұрын
Nick dislikes this idea because he likes the thought that poor people suffer.
@chatham43
@chatham43 Жыл бұрын
...and you don't...?
@saltney17
@saltney17 Жыл бұрын
@@chatham43 cry more
@chatham43
@chatham43 Жыл бұрын
...sadly it's back to the colouring book again Saltney...you're our of your depth here....😊
@saltney17
@saltney17 Жыл бұрын
@@chatham43 you're so, so strange
@saltney17
@saltney17 Жыл бұрын
@@chatham43 keep crying
@JoeRoganFunniestClips
@JoeRoganFunniestClips Жыл бұрын
In the US UBI scheme they found that they could put a tax on stock exchanges which would generate the sufficient finance to make the concept plausible in some States.
@peterh1353
@peterh1353 Жыл бұрын
Certain thing are overtaxed and some things are undertaxed. Financial dealing is ludicrously undertaxed.
@weediestbroom
@weediestbroom Жыл бұрын
I have to say, as someone on benefits, if I had this kind of income i would get my driving licence, get a car on the road, take a course or courses and get a the job that i always wanted.
@bazza5699
@bazza5699 Жыл бұрын
absolutely it would open up so many people to new opportunities
@TableTopWolf1984
@TableTopWolf1984 Жыл бұрын
Exactly mate, ive never understood why they dont give you driving lessons on job seekers, especially when 90% of jobs these days say a valid drivers licence is needed to apply
@joperhop
@joperhop Жыл бұрын
i would help so many people out of work, and many many more in work! People would not mind doing the lower pay jobs if they know its not their only source of income, and not need to do 2-3 jobs just to pay rent, the economy would improve because its money put back into... increasing jobs, its an awesome idea, other countries already do.
@bazza5699
@bazza5699 Жыл бұрын
@@TableTopWolf1984 defo it wasn't until i as in my mid30's i could afford to take lessons, and as soon as i passed my test i was able to get another job.. was such a game changer.
@Tnargav
@Tnargav Жыл бұрын
@@joperhop It would help inflation, that's for sure which will only make things worse not better.
@ChrisfromLeedsinUK
@ChrisfromLeedsinUK Жыл бұрын
"I live in the system and would love to change the system" says the person ringing in to complain about a proposal to change the system...
@DavidBennell
@DavidBennell Жыл бұрын
yes I thought that was amusing, "well of course I would love to see the system changed, but you can't change the system, its the system you know" he has some fairly locked in thinking.
@targetthetank
@targetthetank Жыл бұрын
So glad I am not the only one who saw that and was tickled, saddened, but tickled. Note: The laughter came from an American, and we are pretty bad about this as well.
@samt7351
@samt7351 Жыл бұрын
Nick Ferrari really is a dinosaur
@adamibrahim7338
@adamibrahim7338 Жыл бұрын
Be quiet. Nick is a legend
@adamibrahim7338
@adamibrahim7338 Жыл бұрын
stop abusing nick
@lcg8220
@lcg8220 Жыл бұрын
@@adamibrahim7338 Only when he stops abusing his guests and our intelligence.
@adamibrahim7338
@adamibrahim7338 Жыл бұрын
@@lcg8220 says the one with 0 subscribers 🥱
@abrahamadu2503
@abrahamadu2503 Жыл бұрын
Always has been.
@madclancrew
@madclancrew Жыл бұрын
"It's about covering the basics" This is the key point of UBI. Why shouldn't every person have the right to not worry about rent and food? Imagine being able to spend a few more hours with your family cause you can afford to not take that extra shift. Or not worry about a sick day and missing a part-time shift so you don't have to dodge your landlord. There are ways of paying for it that don't involve massive tax hikes, especially not on everyone, and it could free people up to explore a lot.
@Tnargav
@Tnargav Жыл бұрын
But at the same time you want those next day deliveries and everything happening at the click of a button. You can't have both.
@madclancrew
@madclancrew Жыл бұрын
@@Tnargav I'd be ok giving that up for a livable wage. But also, I don't think I accept the premise. Why can't you have both? Why can't you pay someone a livable wage, which would include OT, and not treat them terribly, and have overnight delivery. The argument of "it'll cost you more"...how about the company just makes less profit. What's wrong with the CEO making less than they are right now. The average amazon worker makes 18 USD/hour. Bezos makes 193 USD/hour (approx) Why not less?
@Tnargav
@Tnargav Жыл бұрын
@@madclancrew I so wish we were taxed less but unfortunately people vote for parties that don't do that as they want free money. And there you have it. Vote for parties who want less taxes and less socialism and you will earn more.
@madclancrew
@madclancrew Жыл бұрын
@@Tnargav again, I think we disagree on the fundamental principle. I don't mind taxes so long as more people are supported. Putting "more money in your pocket" by taxing less doesn't change that food, rent, transportation all costs more. If you're able to take home 100 more a month, but have to spend an extra 200 on things, you're not better off. Government's job isn't to run like a business, making a profit. It's to run like a not for profit and take care of the people who need the protections most. Not business and the wealthy.
@ErwinPommel
@ErwinPommel Жыл бұрын
It's wild to me that we've decided as a society that education is a basic right, and will be provided by the state. Healthcare is necessary for all to have freely provided. Emergency services should operate for all, free of charge. All these are basic necessities of living in society, but food and shelter are not. It's insane.
@mmathrills7190
@mmathrills7190 Жыл бұрын
the unscrupulous employer was hilarious
@DS8G10
@DS8G10 Жыл бұрын
Harry the employer's call was hilarious! Even Nick said 'people will say you're exploiting these workers'. Harry's response 'Yeh you're right!' 😂😂😂😂 Then he says it's because he 'lives in the system', but 'wants to change the system', but is phoning Nick to complain about a proposed change to the system! 😂
@joshuataylor3550
@joshuataylor3550 Жыл бұрын
I'm glad this was noticed by others. Utterly bizarre.
@jenny2tone242
@jenny2tone242 Жыл бұрын
In other words he is perfectly happy with the system as it is because he is alright, so sod the rest.
@Ben.Royals
@Ben.Royals Жыл бұрын
Let's be honest people like him dont usually actually think before they speak. He probably got so triggered by the idea he didn't take two seconds to sit and think before he picked up the phone.
@ChrisSena
@ChrisSena Жыл бұрын
I was literally about to type the same thing! When I hear callers like that I despair! Important to remind ourselves that this is not necessarily a representative sample. Honestly, I'm beginning to think UBI is an inevitability especially with AI eventually laying waste to the jobs much of the middle class currently have.
@mtlewis973
@mtlewis973 Жыл бұрын
nick ferrari’s basic incuriosity here paired with his refusal to engage with his guest (who is an expert on the subject) rather than just repeating “but who will pay!!” is really disappointing
@Jen-tn1un
@Jen-tn1un Жыл бұрын
You could take the first two words of your statement and the last three and it would be perfectly accurate.
@chickenliver
@chickenliver Жыл бұрын
They never ask "who will pay?" when it involves funnelling taxpayer money to Tory peers and donors
@garyh1572
@garyh1572 Жыл бұрын
@@Jen-tn1un Brilliant.
@mtlewis973
@mtlewis973 Жыл бұрын
@@chickenliver yep. or the arms to ukraine or nuclear submarines. always money for the things they want
@zivkovicable
@zivkovicable Жыл бұрын
I started my business while receiving working tax credits for the self employed, which included housing benefit. This allowed me to reinvest earned income back into my business without having my benefits cut. In effect Universal Basic Income...I came off it after a year once my business became profitable. For the last 12 years I have been paying tax at the top rate and wouldn't resent paying much more to support a universal scheme.
@brusselssprouts560
@brusselssprouts560 Жыл бұрын
Voila! Congratulations on your success.
@tdtm82
@tdtm82 Жыл бұрын
I'd like to work for you
@gazfisher7391
@gazfisher7391 Жыл бұрын
I wholeheartedly agree,well said. People would be financially,mentally,creatively,and socio economically better off. It would offer the opportunity for people to widen their employment horizons,uplift them from the restrictions of poverty,and broaden their ability to create meaningful benefits to the country. Instead this government deems it better to drop bombs on people.
@tdtm82
@tdtm82 Жыл бұрын
@@gazfisher7391 Amazing how many don't get the basics.
@snowbind
@snowbind Жыл бұрын
I currently pay the top tax rate. I have during my life claimed all kinds of benefits. I like you have literally no issue with people receiving more. I just want them to receive it. I want my tax to go towards schooling, ubi, education, housing, healthcare. All the things that make a society just, fair and empathetic.
@killneel
@killneel Жыл бұрын
I'm definitely not on the Nick Ferrari camp but if everyone gets £1600 per month what's stopping the greedy landlords charging £1600 per month to rent a bedroom in a shared house? I'm genuinely curious. I want UBI to be a success and poverty to be eradicated.
@chairde
@chairde 3 ай бұрын
Right now the rich and corporations get tax breaks that people do not get. How is that fair?
@markrichley4075
@markrichley4075 Жыл бұрын
UBI is long overdue. Let’s get that ball rolling!
@nathanu6759
@nathanu6759 Жыл бұрын
Agreed. It is the modern and practical way to implement socialism.
@tobiasmccallum9697
@tobiasmccallum9697 Жыл бұрын
How do we pay for the 1.5 trillion a year it will cost?
@tobiasmccallum9697
@tobiasmccallum9697 Жыл бұрын
​@@nathanu6759 Ah yes, someone who doesn't care if it works financially or not 😂
@deadwinglullaby
@deadwinglullaby Жыл бұрын
@@tobiasmccallum9697 You missed the part where it has been shown to increase employment, meaning that tax income will increase massively. You also miss the part where it would eliminate poverty, reducing the upkeep cost of things like food banks, warm banks, energy grants, other gov schemes, etc. Need I go on?
@tommyclegget3335
@tommyclegget3335 Жыл бұрын
​@@tobiasmccallum9697Sam Altman from OpenAI has already said he's considering distributing the huge wealth the company has made and will continue making. Its being set up for when AI takes most jobs, which is happening extremely quickly more than the average person realises. By the end of the decade millions of people will be out of work due to artificial intelligence. This gives us more time to work on ourselves mentally emotionally physically and spiritually, do the things we love, out more time into creativity etc. Humans are not supposed to live this way, hustling everyday. UBI is the inevitable future I'm looking forward to!
@richard-gn3es
@richard-gn3es Жыл бұрын
With extreme automation of unskilled labour.. ai growing into front facing roles, art, music software.. a universal income will be inevitable.
@Frank75288
@Frank75288 Жыл бұрын
UC is £150 a fortnight , it should be that...people on the dole have had to struggle so in future everyone else who looks down on people on benefits should struggle too
@richard-gn3es
@richard-gn3es Жыл бұрын
@@Frank75288 that seems to be some peoples mindset sure....
@BasedSaxon
@BasedSaxon Жыл бұрын
By design
@ronsmith4836
@ronsmith4836 Жыл бұрын
You will own nothing and be happy!
@richard-gn3es
@richard-gn3es Жыл бұрын
@@ronsmith4836 my mistake. I do love living in the dirt. And im thankful for the shared patch of grass our village has been given.
@SmileyMikee
@SmileyMikee Жыл бұрын
It's so wild that a presenter can be so combative to an idea like this, and repeat the same reaction over and over without even trying to talk about it or explain it.
@gingernightmare9152
@gingernightmare9152 Жыл бұрын
He is always like this.
@PortilloMoment
@PortilloMoment Жыл бұрын
Ferrari's MO is and always has been, 'toddler tantrum, isle two.' The man is wilfully ignorant and often, an idiot to boot.
@jeffsuter344
@jeffsuter344 Жыл бұрын
Because it's Right Wing Ferrari. He only likes wealthy toffs and is dazzled by his own self-importance.
@CGV_CTown23
@CGV_CTown23 Жыл бұрын
Decrepitude stands against UBI
@amarbyrd2520
@amarbyrd2520 Жыл бұрын
​@@jeffsuter344He looks it, doesn't he? I have him muted and I can still see it in his face.
@daisybaggins1138
@daisybaggins1138 Жыл бұрын
Just remember people, when workers asked to stop child labour they said it would harm the economy and that taxes would rise, it didn't. When workers asked for a weekend, they were told it would harm the economy, and taxes would rise, and it didn't! They say this every time!!!! This clearly is the best step forward regardless of what the toss say.
@frogmanbrabs
@frogmanbrabs Жыл бұрын
The idea behind this is to make more people reliant on the government for money. Once they have it up and running they can bring in the CBDC and programme the UBI to only be used for specific items and to also have an expiry date. The government don't give people something without wanting something back in exchange.
@xlbaby
@xlbaby Жыл бұрын
The only person that understands 😅
@Alex-cw3rz
@Alex-cw3rz Жыл бұрын
I find it fascinating how incredulous Nick becomes when he says it will eliminate poverty, it seems like he thinks it's a game and if you say I'll eliminate poverty by giving them money that's unfair and he needs to play the game and make some roundabout way that will get people out of poverty.
@TyonKree
@TyonKree Жыл бұрын
He saw Star Trek and took offence to how humanity lives in Utopia.
@normanmerry5603
@normanmerry5603 Жыл бұрын
Under todays definition of poverty it wont reduce poverty let alone eliminate it - thats part of the issue
@Alex-cw3rz
@Alex-cw3rz Жыл бұрын
@@normanmerry5603 it would do when you have a job as well
@chatham43
@chatham43 Жыл бұрын
...not really...we would just redefine poverty to a different level....you need to give this a lift more thought to be fair Alex.....😊
@NickDusting
@NickDusting Жыл бұрын
Think about what having UBI would mean to those that rely on food banks or nurses who we seem to want to clap but not pay: Their lives would be immeasurably better. If you object to that ask yourself what's the measure of a nation that pours scorn in the poor rather than helping them.
@BasedSaxon
@BasedSaxon Жыл бұрын
It will be great at first, but these great ideas will come at a cost, digital programmable currency will mean that your money is not your own, and as the money was given to you it will basically be a voucher with terms and conditions. Basically wake up
@alanharper23
@alanharper23 Жыл бұрын
​@@BasedSaxon The money you earn already comes with terms and conditions, whether that's fulfilling a contract or delivering services. The whole point of UBI is that it is universal; it doesn't require anything to "earn" it. As for digital currency, 92% of the world's money is already digital, we stopped predominantly using cash long ago. That doesn't mean it's "not your own."
@BasedSaxon
@BasedSaxon Жыл бұрын
@@alanharper23 YET. When we go to cbdc's they are programmable, like what China has. Social credit system isn't too far away either. Step by step. I still use cash, but with eco policies you can easily be stopped buying meat for "Muh climate". I don't get where your unbreakable trust of the government comes from? Perhaps you should learn some history
@nicolarobinson3140
@nicolarobinson3140 Жыл бұрын
Outside of the South of England 1600 take home would be more than £100 than those on 21,000 a year (like myself as a social care worker who earns 1485 after tax)!! So somebody on ui would not only be escaping from poverty they would in a more advantageous situation than the average worker?! Or do people assume 1600 is poverty wages? Where do the commentators on this page live?! Personally given a choice I’d be leaving my job, claiming ui, and acquire everything I get personally from my job on a voluntary basis!! This is not incentivising people to work it’s doing the polar opposite! And u can still earn an additional salary without touching the ui payment? How can this even be remotely considered either equitable or sustainable?!🤷🏻‍♀️
@ronsmith4836
@ronsmith4836 Жыл бұрын
@@alanharper23 OH that's ok then, nothing to worry about then. They love it in china!
@ryvyr
@ryvyr Жыл бұрын
More interesting than narrow reactions from detractors is how much of society seems to have accepted growing egregious disparity in health and wealth, whilst those of the latter are more than capable of supporting the very society in which provided them such wealth.
@---Tre---
@---Tre--- Жыл бұрын
Corporations, and especially Oil Companies, have been getting a UBI from our government for decades. It's time the government works for the people and not corporations.
@katex888
@katex888 Жыл бұрын
Totally agree with basic income and I hope this trial works. It would help folk like myself and my mental health, I wouldn't be sitting at home, I'd be living my best life, going to a gym or swimming, or walking in nature and eating healthier. I would be looking for a part time job too, which would give me the opportunity to spend more time with my family. I'm insentivised already 👏👏👏
@lookatmyroflcopter
@lookatmyroflcopter Жыл бұрын
But ubi has been shown to increase the economic output, which in turn boosts tax. We always complain about the bottom but never about the top of the food chain
@vivo-audio
@vivo-audio Жыл бұрын
It will end poverty related anxiety and give poorer people a chance to invest in their business ideas. Every penny spent is penny injected into the local and wider economy. It makes sense on so many levels, including financial security and overall happiness. It will end poverty and homelessness.
@geoffcarlton4047
@geoffcarlton4047 Жыл бұрын
What if, some of those people haven't made the best financial decisions previously, what would make them now start making sound financial choices?
@yiguanas812
@yiguanas812 Жыл бұрын
It would be hopelessly naive to expect Universal Basic Income to be anything other than "Universal" Basic Income. UBI would be implemented by people who are unshakably committed to an identity politics / equity agenda i.e. the amount paid will depend upon arbitrary criteria like a social / carbon credit score or whether you belong to the minority of the month. Dealing with such people is like dealing with the Devil.
@vivo-audio
@vivo-audio Жыл бұрын
@@yiguanas812 Which minority annoys you this month?
@yiguanas812
@yiguanas812 Жыл бұрын
@@vivo-audio That's like asking someone if they still beat their wife. You score 0/10 for originality and 0/10 for effort. Your intentions have been duly noted.
@Forksake82
@Forksake82 Жыл бұрын
James O,Brien: People who earn 10× that, will be getting their orders to start ranting and raving how this is unsustainable". Cue in Nick Ferrari.
@harrismazari5484
@harrismazari5484 Жыл бұрын
the best part is James' show comes on after Nick's. So James' knows what he is doing (saying).
@---Tre---
@---Tre--- Жыл бұрын
Poverty is a policy choice. And every billionaire is a policy failure.
@arronscott7286
@arronscott7286 Жыл бұрын
Is anyone shocked that Nick Ferrari is so dead set against this? The man is so out of touch it’s ridiculous.
@deanolium
@deanolium Жыл бұрын
What's really sad is that there are some semi-valid arguments against UBI such as the risk of inflation (everyone has a base-level of money on top of their incomes which means unscrupulous businesses could then increase their prices) or creating a downwards pressure on wages -- though these arguments are theoretical and there are potentially ways to combat them. But instead they go to the arguments which show they don't understand UBI in the slightest. That you're removing all the money wasted on means-testing benefits and enforcing them and that's helping to pay for a big part of this. Rather than wait to see what the results of these studies are and then argue based on those facts, they're just going with their gut instinct that essentially any kind of government handout is bad and would just lead to people doing nothing with their lives. That you should work just to live where their relationship with their employer is akin to an abusive relationship.
@normanmerry5603
@normanmerry5603 Жыл бұрын
Except the savings will be a very minor % of teh cost. And the poorest with families already get 20k a year in terms of free rent and rates, benefits and the like so in some cases will be worse off
@bob_the_bomb4508
@bob_the_bomb4508 Жыл бұрын
@@normanmerry5603 it’s a study. I think it’s not unreasonable to expect the final rate of a UBI would be set to stop people being worse off. Indeed the whole point of a study is to add facts to the discussion.
@grahamleiper1538
@grahamleiper1538 Жыл бұрын
I could see it affecting minimum wage, but people wouldn't be trapped in minimum wage jobs in the same way they are currently.
@LukeTG1_TTV
@LukeTG1_TTV Жыл бұрын
Population growing, autonomy in many jobs, less jobs available. A basic level of income is needed at some point.
@johnrussell3961
@johnrussell3961 Жыл бұрын
Or AI decides we are redundant .
@LukeTG1_TTV
@LukeTG1_TTV Жыл бұрын
@@johnrussell3961 as we progress with AI, that’ll become more apparent.
@dzonbrodi514
@dzonbrodi514 Жыл бұрын
It's so weird that this is happening under the most draconian Tory regime we have ever had.
@jebusgod
@jebusgod Жыл бұрын
its isn't a government trial though is it? I might be wrong but I thought it was a University running it and it would be funded by external people
@TimMcKnight
@TimMcKnight Жыл бұрын
Thank you!! I was thinking this same thing...maybe they already think the populous is lazy and so will squander the money, not work and prove a point. I'm a UX Designer by trade...it's super easy to run an experiment thinking with every fibre of your being that X will happen. The whole thing here is, IF this turns out to be a success...will they go ahead and implement something on that basis? It is a trial after all - thinking this is the most we'll hear about this regardless of the outcome of the experiment.
@basilfawlty8244
@basilfawlty8244 Жыл бұрын
Not really. It's a talking point. A distraction. Whilst this is being discussed, their destruction of the NHS is being ignored.
@dzonbrodi514
@dzonbrodi514 Жыл бұрын
@@TimMcKnight As the other poster who replied to me said, it's probably not government funded. It's a very small sample size, only thirty people, so hard to extrapolate anything from that to 60 million people. It could only be done on a larger scale in conjunction with some pretty radical taxation and I can't see any of our bought and sold for politicians or media people getting on board with that.
@keithpanton7486
@keithpanton7486 Жыл бұрын
Nick clearly pretending he doesn't know that poverty costs a nation BILLIONS.
@fabioq6916
@fabioq6916 Жыл бұрын
In an AI and robotics driven world, this is gonna happen. And the tax will come from the few companies that generate all the revenue in order to have consumers. Think about it. It is almost inevitable
@peterh1353
@peterh1353 Жыл бұрын
You can only have a certain amount of dissatisfied or unemployed people. Beyond that you have revolution. 100 years from now they will laugh at the idea of not having it.
@DarkDuckGaming
@DarkDuckGaming Жыл бұрын
Simply taxing the big corporations what they've evaded every year would pay for this. It's a great idea and would give people security in their living situations as well as the ability to go for the jobs they want instead of having 2-3 part time ones that make them wanna commit. This will surely help prevent a rise in homelessness and overall mental well-being
@Alex-cw3rz
@Alex-cw3rz Жыл бұрын
To the people who say "people won't work they'll just sit around" Says more about you than the country at large and the actually reality of the situation as studies show it increases people in work.
@johndoe-vy4bt
@johndoe-vy4bt Жыл бұрын
You are delusional. Would you clean toilets for a living earning minium wage or do nothing and get paid the same ?
@snowbind
@snowbind Жыл бұрын
But also, who cares if they do? Why shouldn't it be okay to spend your only existence relaxing?
@jenny2tone242
@jenny2tone242 Жыл бұрын
@@snowbind Exactly 👍🏻
@himagainstill
@himagainstill Жыл бұрын
IIRC from the study in Finland, some people didn't work, but most either changed the amount of work or did something else productive with time freed up. Starting businesses, retraining, childcare, etc. Not having to be so precarious gave them the freedom to make those decisions. The arguments about how we pay for it are pointless. When the government is set on doing something, it'll find ways to pay for it. Can't seem to find money to invest in the NHS or public transport, but somehow can find money to pay for massive road-building schemes, handing money to oil companies with no strings attached, or bungs to political allies. How will we pay for it? If we're serious about it, we'll find ways to pay for it.
@johndoe-vy4bt
@johndoe-vy4bt Жыл бұрын
@@himagainstill Same silly arguments with no merit. Just because it worked on small group of ppl it does not mean it's suitable for millions. Apples and oranges mate. I also love how you have no idea where to get the money for it but "if we are serious we will find it" You can be deadly serious about landing on the sun but it's not gonna heppen. I suggest google "hyperinflation"
@Alex-cw3rz
@Alex-cw3rz Жыл бұрын
Nick is economically illiterate
@normanmerry5603
@normanmerry5603 Жыл бұрын
he is not the only one
@tejida815
@tejida815 Жыл бұрын
Imagine a couple or single parent being able to afford childcare.
@chatham43
@chatham43 Жыл бұрын
...taxpayer to the rescue...!😊
@kittycatswhiskers
@kittycatswhiskers Жыл бұрын
Nick showing exactly who he is, laughing at the thought of ending poverty by actually giving people money.
@robbiemoore2884
@robbiemoore2884 Жыл бұрын
I like the idea, I'm in full time work but still constantly need more money. Just doesnt feel right that I work hard and get very little for it. UBI will make things far less pressured, better for everyone that way.
@FoDStinkyKid
@FoDStinkyKid Жыл бұрын
it will just be exploited by price increases, but even if it does work?... people would lower their hours.... what happens when your toilet clogs or shower starts leaking.... your plumber you normally use has lowered his hours to focus on his dream of producing techno music..... you just need to look at the first lockdown people LOVED staying home in the sun being paid...
@robbiemoore2884
@robbiemoore2884 Жыл бұрын
That plumber can still work though, and they'll be earning more money so there's incentive to do so. Ubi just means it he's got not business left he won't starve or be homeless.
@FoDStinkyKid
@FoDStinkyKid Жыл бұрын
i dont know about you, but i own my own house, and £1600 would cover that, all the bills and have change out of that, and if i work i get more???? i would be absolutely MINTED and I'm only currently on like £11 something an hour with my partner.... what will i spend all this extra money on? along with everyone else getting the same? we have shortages in everything... i dont think the person sat behind the desk in your local gym/airport/doctors/screwfix loves their job that much to sit there when the're getting £1600 more a month.... i know i wouldnt if prices stay the same....
@robbiemoore2884
@robbiemoore2884 Жыл бұрын
@@FoDStinkyKid you earn £11 an hour and own your own home... but here's the thing, since people won't be so enthusiastic to work as a Receptionist or toilet cleaner since they don't financially have to, the salaries of said workers would rise to encourage workers in that field.
@windsorSJ
@windsorSJ Жыл бұрын
I think UBI is a great idea. I've been pushing this with my friends for years. I've only one complaint. The research group is too small. I think for it to have any real impact it needs to launch in a small town to all residents then see what the economic consequences are to people and businesses within that town.
@Blackstar-wj7ld
@Blackstar-wj7ld Жыл бұрын
In reality the sample size needs to be even bigger than that in order to measure the effect on the whole population across the board. In an ideal world the sample size would just be "Wales". Once everyone sees the positive economic impact, it can be expanded to encompass the rest of the UK.
@bob_the_bomb4508
@bob_the_bomb4508 Жыл бұрын
30 is a sample size perfectly suited to something called a “Student ‘t’ test”. It’s a sample size that’s comparatively cheap to fund and can be used to see if it’s worth funding a bigger trial.
@yiguanas812
@yiguanas812 Жыл бұрын
It would be hopelessly naive to expect Universal Basic Income to be anything other than "Universal" Basic Income. UBI would be implemented by people who are unshakably committed to an identity politics / equity agenda i.e. the amount paid will depend upon arbitrary criteria like a social / carbon credit score or whether you belong to the minority of the month. Dealing with such people is like dealing with the Devil.
@bob_the_bomb4508
@bob_the_bomb4508 Жыл бұрын
@@yiguanas812 citation needed.
@saga685
@saga685 Жыл бұрын
£1600 would have just paid my monthly rent when i lived in london. I'd still need to work but it would have guaranteed a roof over my head
@johnrussell3961
@johnrussell3961 Жыл бұрын
The landlords will raise rents . You won’t be better off, they will.
@markb9488
@markb9488 Жыл бұрын
@@johnrussell3961 ah, but this is where you could bring in rent controls, and landlords have no excuse to no to abide, and BTW you would get a new slew of landlords...like myself who aren't money-grabbing charging fair and competative rent..
@Tnargav
@Tnargav Жыл бұрын
@@markb9488 Oh yes, and there will be johnnie walker pouring from the taps as well.
@DJ-XTRM
@DJ-XTRM Жыл бұрын
20k is still poverty... 30k is poverty... 50k is poverty... TO OWN PROPERTY, VEHICLES, NICE ITEMS, NOT CREATE A TWO TIER SOCIETY - YOU NEED WAGES AND JOBS... FACT!
@JackDeHearts
@JackDeHearts Жыл бұрын
"universal basic income will never work" - people who inherited their wealth
@RuddsReels
@RuddsReels Жыл бұрын
The riches people who inherited their wealth are pushing this. It will benefit them, not us!
@marblackCanada
@marblackCanada Жыл бұрын
1600£ seems a bit high, here in Canada and in Calf it was 500$. The result were that in many cases people went on to get better jobs, started business, had better health and children did better in school. A study was done long ago by a Canadian Conservitive senator, his finding was that it would save Gov a lot of money, but it will never happen because it would cut the Gov. employment rolls by half.
@viperscot1
@viperscot1 Жыл бұрын
The bills on basic have shoot up big time in UK mate highest power prices in Europe some food went up by 200% in the last year my food bill went up £50.00 a week electricity+ gas went up by £30.00a week that why it's that number
@craigsmith7457
@craigsmith7457 Жыл бұрын
It's all based on the cost of living. The UK is an expensive country to live in!
@Athanael777
@Athanael777 Жыл бұрын
UBI is long overdue, with the latest developments in AI it's becoming more and more urgent to implement.
@johnny141093
@johnny141093 Жыл бұрын
"they are exploited, that's capitalism for you" he was so close
@windymiller5058
@windymiller5058 Жыл бұрын
Imagine calling Nick Ferrari. Then imagine calling Nick Ferrari to agree with him. Then imagine ringing Nick Ferrari to agree with him that giving everyone £1,600 a month, including you, is a bad idea 🤦‍♂️
@curmudgeon1933
@curmudgeon1933 Жыл бұрын
As Ferrari 'earns' £78,000 p.a. I guess he would happily donate his £1600 a month UBI to the charity of his choice. As he thinks a life of hedonistic luxury is possible on £20,000 a year, he must be feeling almost guilty about his huge paycheck. I don't understand why he even bothers to work at all with his £4 million pound fortune.
@Humanimal47
@Humanimal47 Жыл бұрын
How about the government reclassify financial fraud as an actual crime and start going after the whales getting richer off others' misery. That would raise a few redistributable quid.
@ratking1608
@ratking1608 Жыл бұрын
That's gonna see about 3/4s of the sitting government behind bars, I expect
@Humanimal47
@Humanimal47 Жыл бұрын
@@ratking1608 and that's why it won't happen.
@whateversunpopular1338
@whateversunpopular1338 Жыл бұрын
£1,600, incidentally, is enough to get your first government top up in a Help to Buy ISA, so if it’s invested wisely like that, it could certainly help quite a few people.
@jordanoneill7052
@jordanoneill7052 Жыл бұрын
with everyone suddenly able to afford a house at the same time though things like this will probably increase. The problem is not enough houses to go around in the first place
@liz9147
@liz9147 Жыл бұрын
This is the levelling up we need.
@jonmatthews721
@jonmatthews721 Жыл бұрын
It's amazing that people can put forward ideas to help end poverty but are also proven to get people back into work and they're immediately questioned as though it's an awful idea.
@FoDStinkyKid
@FoDStinkyKid Жыл бұрын
we have shortages now, when people get £1600 a month more lets say... (farmers) they lower their hours because life's never been better.... then what?.... again is the 16 year old going to work his summer job at the local water park 8 hours a day or live a nicer life with his UBI?
@finalcut612
@finalcut612 Жыл бұрын
@@FoDStinkyKid UBI does not reduce employment. perhaps that water park should consider making the summer job a little more attractive rather than underpaying employees and then complaining that no one wants to work. If the job isn't worth having, it's clearly not worth having done.
@blueodum
@blueodum Жыл бұрын
I laughed at the guy saying: "It's exploitative - that's the system we live in", when arguing against a change of that system.
@matttv94
@matttv94 Жыл бұрын
If I was in this scheme I’d still work and put that £1600 a month into my savings
@RavenGlenn
@RavenGlenn Жыл бұрын
I'd still be working the same as I am now. That money would pay for my rent and all my bills freeing up my income to spend elsewhere into the economy.
@tobiasmccallum9697
@tobiasmccallum9697 Жыл бұрын
It would cost the government 1.4 trillion a year, do the maths, its not possible. End of conversation
@tobiasmccallum9697
@tobiasmccallum9697 Жыл бұрын
​@@RavenGlenn You know the total government budget isn't even as large as this would cost yearly? It's such a ridiculous idea
@fallagainstmorellet
@fallagainstmorellet Жыл бұрын
Everyone would still have to work. £1600 is a healthy sum of money but not enough to sustain people properly. But the point is job seeking and making yourself available for employment is not free. Education costs, health and mental health maintenance costs, housing costs, hygiene costs. UBI gives people the option to fix themselves up and get a job in a healthy state so that they can actually earn a properly income. Thst being said UC and PA would have to be scrapped to make way for UBI. Which I'm absolutely fine with.
@richiethepooh6878
@richiethepooh6878 Жыл бұрын
​@@tobiasmccallum9697 UK GDP is over 3 trillion per year and this scheme would send that skyrocketing with all the extra money being spent in the economy and the business that would lure in (something that funnily enough increased poverty due to austerity hasn't). You also calculated that figure from the population number although I'm pretty sure not all age groups would be getting this payment
@juliewake4585
@juliewake4585 Жыл бұрын
We are so far behind with this: a bit like most things I think.
@chatham43
@chatham43 Жыл бұрын
....behind who..?
@lynnburlison4082
@lynnburlison4082 Жыл бұрын
This is being billed as something positive. It's being repackaged and put back out there as the forerunner to digital currancy.
@xlbaby
@xlbaby Жыл бұрын
People don’t get it. Crazy.
@daphnescombine
@daphnescombine Жыл бұрын
The argument for UBI is posited well in Rutger Bregman’s book on this topic. One of his arguments is that taking the stress away from people about how they are going to put food on the table , for example, from day to day leads to better health outcomes across the board, reducing health costs and promoting more integration in the workforce. It also gives people more choice on what work they do. The truth is that, in this case £1600 pm will not give people a great lifestyle, just a basic one. The vast majority want more than that, so will work. As far as funding goes, progressive taxation and lower costs (health benefits, lower costs for administering the system, lower crime, less antisocial behaviour) suggest that it can work, should we choose to go this way. This is about societal fairness which seems to have fallen off the political agenda for the past 40+ years.
@McKamikazeHighlander
@McKamikazeHighlander Жыл бұрын
People seem to be under the misapprehension that those that are unemployed all enjoy staying at home "doing nothing". Sure, they're not working but they're not living either. They can't go on holidays, buy nice things, buy a house, etc. Those on benefits HATE having to claim and now people who are working are struggling to pay the bills. This payment doesn't give people an excuse not to work, it helps prevent them sliding into poverty. All the food banks in the UK and people still think people are just lazy?!! That is literally the ideology of governments that were around when Oliver Twist was written: poverty = laziness. If you think people will use UBI as an excuse to dodge work, why do they receive benefits in the first place? Because even the Tories know people would rather work and better themselves
@TableTopWolf1984
@TableTopWolf1984 Жыл бұрын
As a partially blind disabled bloke id love to work, been trying for ages but all employers say is why not just claim disability, its such a strange thought process people seem to go through, an if a UBI would give me a better way of life than the poverty i have now, then im all for it since no one wants to hire me
@ErwinPommel
@ErwinPommel Жыл бұрын
"Sure, they're not working but they're not living either." You nailed it right here.
@rootyroot
@rootyroot Жыл бұрын
This would be like winning the lottery, people would have time to start their own business which they actually have passion for, rather than being stuck in a job they hate doing just to pay their bills.
@Ben.Royals
@Ben.Royals Жыл бұрын
Work to live and not living to work would actually be a thing
@rootyroot
@rootyroot Жыл бұрын
@@Ben.Royals Although, there must be a catch and I guess that "catch" will be a cashless society. This would be the "deal" to get people to accept it easier, once we adopt that though there is no turning back.
@Ben.Royals
@Ben.Royals Жыл бұрын
@@rootyroot I don’t really care I’ve been cashless for about 4 years and haven’t noticed any difference other than I’m quicker at the till when shopping oh and haven’t had my card cloned
@rootyroot
@rootyroot Жыл бұрын
@Ben Royals Yes but when there is no alternate, it comes with a disadvantage, I.E. The government has TOTAL control over you, programmable digital currency is scary
@FoDStinkyKid
@FoDStinkyKid Жыл бұрын
What about the farmers who dream of becoming a poet, they lower their hours to focus on their dream..... i bet you moan at the shortages now.... would you become the vacant farmer? probably not
@hellious7670
@hellious7670 Жыл бұрын
Either this happens or we guarantee jobs for humans over AI, keeping AI as tools. Pick one. Otherwise we get crime and large-scale civil unrest. Personally I would prefer AI do the jobs nobody wants to do and the money it creates supports those that don't want to do it.
@grahamleiper1538
@grahamleiper1538 Жыл бұрын
Sadly we're looking at a future where people do the most basic work on minimum wage, and AI writes poetry and creates art. Who forecast that coming?
@hellious7670
@hellious7670 Жыл бұрын
@@grahamleiper1538 No job is protected unless we protect it. There are barriers to entry but no limit unless we make one. People mention physical jobs, yes that requires a frame or an assembly line but they are being designed right now. These frames can be run 24/7 on mass in tight spaces, with higher accuracy, and more carrying capacity, running at faster speeds than humans can match. People mention doctors, well medical AI is being developed, and that will have every scrap of human knowledge that we do. You get the idea.
@jimmyrich4675
@jimmyrich4675 Жыл бұрын
Children of men. The film very distopian is where I see this country heading..,.....😢😢
@mick3765
@mick3765 Жыл бұрын
Once again Nick shows his true colours. GB News is waiting.....please go soon.
@JRHainsworth
@JRHainsworth Жыл бұрын
"Until we can change the system, I'd like to work within the system, and exploit my workers. And that's why I would not like to change the system."
@DylanFowler
@DylanFowler Жыл бұрын
Universal basic rights through Universal Basic Income.
@andre-qe5yr
@andre-qe5yr Жыл бұрын
It is not enough I succeed, others must fail.
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