Should we give free money to everyone?

Universal Basic Income is one of the most divisive economic theories of the 21st century. And since the coronavirus has tanked the global economy, it has gained more and more support.
But what exactly is a basic income? And could it actually help people now that furlough is ending?
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[@TheBwsbert]

Prices went up wages didn’t

[@philip_bray]

That's because the country is poorer. That's how it works. Brexit and covid has destroyed the pounds value and our countries gdp

[@grizzlybear2702]

Allow me to include myself

[@sprocket-YT]

@No time like Koh time they won't do it just like the last financial crash Inflation never went up it would totally destroy what little the UK economy we have!

[@user-nf9xc7ww7m]

Never understood why some things are pegged to inflation and others not. Peg the min wage to inflation.

[@asch5089]

so in fact ubi means, humans are no longer able to survive

[@ladybaybiker]

If this happens, we will end up with social credit score. If we don’t behave ourselves, money will be withheld

[@stevenborg102]

Yep global Communism - aka THE GREAT RESET! RESIST!

[@jonburnett90]

UNIVERSAL. It's in the name mate. It would be one set amount for every citizen in the country.

[@mypointofview1111]

That's very different to benefits. These come with caveats on how we should behave. Universal basic income is free from caveats. The clue is in the name. Besides rich people have been getting free money without caveats since the dawn of time, why shouldn't we?

[@mypointofview1111]

@@stevenborg102 Tory

[@spongebota.i.selfawarepant4780]

@@stevenborg102 kzbin.info/www/bejne/qJjMdGuPm96netk

[@jacobscoffschild383]

“Money is just numbers and they'll never be a shortage of numbers, we create it out of thin air to control the masses.” - Lord Jacob Scoffschild

[@vaagmikaelian9078]

Well use barter then

[@littlebopeep9528]

Exactly

[@kingkari441]

Absolute Fact

[@ArtDesignHobby]

This one...

[@alaskanmalamute101]

the problem isnt inflation..the problem is billionaires, stock markets, shareholders.. big business today is ran for them rather than to give anything back to consumers.

[@sarabjitsingh6279]

Now food crisis is coming

[@scottfranco5207]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc 1

[@thechaosgods]

Free bread in reverse

[@Dreabee83]

..... thought David Icke was a bit nuts but this past 5 year 🤷🏼‍♀️

[@michaelhoward1583]

The debts are been called in now.

[@saxglend9439]

I agree - Icke is an idiot.

[@jazzjacks8831]

@@saxglend9439 He has said a few daft things, but the majority of what he says is absolutely spot on.

[@Adam-vp1cl]

Yeah , now the same idiots want to start quoting David Icke an George Orwell. Bit late to the party

[@longjohnsilver529]

Change the retirement age back to 60 years for men and pay them pensions instead of making them work for another 6 years while the govt kills UK population by a third with overwork burdens.

[@davidcooks2379]

Pay a small carers allowance for everyone who cares for someone in their family, and a larger one for those who care for someone outside of their family. Crisis in care employment goes away, unemployment and poverty too, everybody is well cared for. Win-win for everyone

[@Natashahoneypot]

Please hurry up and become prime minister

[@matthewsmith2787]

Well once everyone has been made redundant, this will be the future

[@kingarthur5279]

Well said

[@ArtDesignHobby]

This will be now.

[@ArtDesignHobby]

The Great Reset on the way... :(

[@ArtDesignHobby]

@A B C TY - at age of 40 I'll treat it as compliment.

[@Viewer-discretion-is-advised7]

The economy is not working the way it currently is it only works for the few who have the good paying jobs everyone else the majority on less then 20,000 a year are fucked the standards of living are bad. people going homeless, to food banks and there mental health goes bad. Giving everyone enough to have the basic standard of living I.e somewhere to live, food to eat, clothes to wear and able to do something fun once a week anything else should be choice where they have to work for it. That is a basic standard of human rights in my opinion.

[@mypointofview1111]

I think a good base rate would be £30,000 per year. That should cover EVERYTHING. Rent/mortgage, utility bills, food, travel etc.

[@tyrants3062]

At least it could potentially save billions in useless work coaches and dole IT systems that cost millions and then don't work

[@owainwilliams7993]

How much tax does sky pay in the UK again?

[@bombardement1]

Landlords would strike first then the retail trade, making the rich richer and poor poorer.

[@juliastandford149]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc 1

[@sergiopereira2094]

Governments will confiscate companies. Everything happens to the world government. It will be a socialist government. Everyone will be a slave of the State and will receive credits to maintain themselves. Whoever refuses, will not be allowed to buy and sell anything.

[@songconnection6945]

Money is printed with no intrinsic value. Not linked to Gold, just printed and loaned to government.

[@mommahot363]

And now the system has gone bust and they need a ‘Great Reset’. One way to crash global economy? A global pandemic

[@alansmithee419]

@first name e Their common enemy is common sense. Don't bother talking to them.

[@mommahot363]

@first name e I don’t think covid is fake, the pandemic is however. What are the other ‘theories’? Global currency reset is obvious and in our faces. It’s being advertised everywhere as ‘the great reset’

[@blackopman1]

Here we go. Knew this was coming! Pray for the Government as they'll do anything to get out of the mess they created.

[@jazzjacks8831]

Pray for them? No way. They're all part of this Great Reset NWO crap. They have their orders from above and are fulfilling them. They all need to be on trial for crimes against humanity, not having prayers.

[@edwardmal1802]

they must have be having a good laugh at the synagogue about this.

[@juliastandford149]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc 1

[@dshimmin1]

Please explain your joke here.

[@andredrayton5668]

@@dshimmin1 it’s self explanatory.

[@adamfox1669]

@@dshimmin1 😂

[@kylewalker4641]

UBI would lower poverty, decrease stress, crimes rates would go down and quality of life would go up. I think it’s a great idea. As for the existing benefits they should be added on top of UBI but only for those who are most in need.

[@hoyeru00]

poverty, crime isin't a bug of the system but a feature.

[@yeeoalouns]

I live in CT, USA. In America, without free healthcare, we need some type of UBI - even if just temporary!! - to combat the economic downturn and the dire consequences of the way our country has handled the pandemic. Wishing well to all those out there!

[@anfieldreds_1892]

but if businesses are shutting left right and center then UBI will just push them over the edge. Then what? they close which result in less money and less jobs.

[@childrenoftheconrona5419]

There is no pandemic.

[@yeeoalouns]

@@anfieldreds_1892 how would UBI put them over the edge?

[@yeeoalouns]

@Reggie Cyde Pilot studies on UBI in multiple U.S. cities over many decades disproves this idea.

[@novalakes4723]

This is wishful thinking

[@humblionwisdom7244]

It’s a great idea, and it’s simple to implement especially when it comes to safeguarding the poorest family’s in the country, the wealthy and the rich who make the policy’s in the government are people that have never ever felt poverty, they all need to be thrown in a big brother style house and all have to survive that will give them a feel of the struggle and it wil make them make the right decisions for the masses

[@BawlzOfuzz]

UBI will cost 150B per year. OK. Someone please remind me how much we spent on building a battleship here in Portsmouth?

[@susanrobinson2728]

Plus how much hs2 is costing unless that's on the back burner.

[@ralphcotton7119]

Wouldn't the cost of living also rise accordingly if everyone were to make that amount of money.

[@Dan-lm9uq]

There should be basic income for all but we also need an increase of the minimum wage, £8 is way too low

[@K_ingh16]

Yeah it is, man my generation is going to suffer.

[@suepem]

Yet I work in a job which requires a lot of skill and I've worked there for 20 years. I earn £10 an hour. I do think our 16 to 18 year olds should be able to work.

[@bandname]

Even £15 is better than £8

[@longjohnsilver529]

MP's get £81,932 a year /£225..a day..and want a pay rise of £3360 from April 2021...IPSA...taking the piss here..

[@roonilwazlib3089]

I’m self employed I barely get £4ph....

[@kt5661]

The Sky news guy says we have a generous benefits system. I'd hazard a guess that he's never been unfortunate enough to have to claim any, if he had he'd realise the utter poverty and misery it causes.

[@Mufcforever-sl2gf]

It would work, studies have found people don't drop out of work when given it, instead they are more motivated to work because then they can have a large disposable income which ultimately helps the economy. Yes inflation exists but it is still worth a try

[@alansmithee419]

One small problem: In a test of "will people stop working when given UBI?" there are two factors (at least) that could make people keep working when if UBI was actually properly introduced en mass they would stop: 1. They keep working through the trial so that when the trial is over they have a job they can just continue doing. 2. They pretend as though they would continue working to skew the results in a bid to make UBI a thing so that they can stop working when it's actually introduced. As I said, this is a small problem and I still agree with pretty much your entire point. I just think it's important to point these out.

[@alansmithee419]

@Keith Panton Yes, I still agree with UBI entirely, I was talking entirely about the studies that have been done, I have nothing against the concept itself. I'm all for it.

[@edders2009]

How do they know how expensive it will be? UBI just means everyone gets the same payment, it doesn't say how much

[@jakstiles6528]

We all know the truth behind the banking system putting digits into existence to few people’s control and benefit. Help the people in need and don’t slap a label on it. My opinion...

[@christiancarter152]

The more we give out the less are money is worth

[@michellegunn4115]

Unless.... they are flooding the world with cash, to tie us over. This may be a plan to push the reserve/fed banks into bankruptcy - that currency may tie us over until the rainbow currency comes out backed by precious metals.... just another thought. Nothing will come for free - but it could be a major set up to bring in a far better system

[@samsloan2526]

Invest into crypto

[@sammower3129]

Hunger games society ! Mr David Ike talks of this ! People thought he was insaine ! I bet he's doin cartwheels down the street

[@thaliakramer1042]

They can't even get Universal Credit right so how would they manage something more universal. Universal credit has actually meant a benefit cut for those unable to work. The rules are getting tougher. I have moved this week and am currently in a situation where my claim for housing benefit cannot be progressed because I need to provide utility bills proving my new address. Not very easy.

[@lukenardoni2454]

I think the idea is it simplifies the whole system because it entitles every citizen to the same amount regardless of your financial situation.

[@jacquesbouysset2346]

The comments on here give a good indication of how desperately important it is now for both UK and US to invest in their education system.

[@juliastandford149]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc 1

[@hoyeru00]

again, dumb people aren't a bug of the system but a feature.

[@jacobscoffschild383]

This what exactly what the government wants, the peasants forever dependant on the government, they are absolutely loving this. 🙂

[@juliastandford149]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc

[@littlebopeep9528]

This is what I keep trying to tell my mother but she has so much faith in the system, it's frustrating.

[@MUSIC4TRUTH....]

Why not/ the politicians give it to themselves ona daily basis.

[@firekind1980]

The great reboot is happening.

[@barbaralucas2210]

Why bother asking us what we think.....like they give a damn.... whatever is in the plan , is in the plan. Like a big rolling machine. If something looks too good to be true , in my experience it usually is!

[@badmanluton8250]

Y not? They can print unlimited money not like they will run out of it!!!

[@samsloan2526]

That’s what they do anyways it’s worthless

[@ArtDesignHobby]

Thet;s what they plan to do. We will lose everything what's not have material value...

[@mrkebab9051]

Because of inflation(look it up)

[@jayh674]

Bring in 3-4 day working week.

[@RebekkaHay]

Sophisticated system of benefits? Generous National Health Service? What a joke! Clearly he has never heard how much better other countries look after their citizens. The UK does not compare to countries like Germany and I am stuck here, thanks very f*

[@avenginglettuce]

I don't know what the ultimate solution is, but society can only bear so much inequality, poverty or homelessness before the people decide the system is no longer fit for purpose and either through mass protest or mass violence, demand a fundamental change to the economy.

[@RedzicMuharem]

Not free money, but free education and food seems legit

[@Ichigor87]

Well there’s NESARA and GESARA.

[@juliastandford149]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc 1

[@puppylover49]

@@juliastandford149 theres no need to be horrible to everyone u idiot!!!!.....ppl have their opinions and a right to express them so stop telling everyone they r a hypcrit ok!!!!!! i bet u would be holding ur hand out for free money so dont sit there and be nasty......theres no need for it....nothing nice to say to someone how about u just shut your mouth!!!!

[@trip3139]

Wait, the Democrats blocked UBI and Nixon proposed it ? Mind blown

[@josevanreyes]

They probably wanted to be the ones to take credit for it.

[@kbrickell4732]

UBI will be cheaper than the benefit system cheaper to run, and help those living on the streets

[@bandname]

@Pangolin Steak & Bat Gravy Not all people living on the streets are junkies, that's very ignorant thinking. There's a lot of people who are born on the streets, they have poor education because the education systems in those areas tend to be under managed.

[@kevinh96]

Only if all other benefits were done away with at the same time I would think. A single payment each month for all adults over 18 but no Universal Credit, no Tax Credits, no Housing Benefits, no Disability Benefits etc. is probably the only way any government could afford a basic universal income. It would also save huge sums of money in administration costs too, save money in fraud investigations and no doubt result in many other such savings as well. Whether overall it would be cheaper is something for the financial economists to work out though as the current benefits systems is hugely complex and beurocratic.

[@tyrants3062]

The thing is i have a masters degree in engineering but im unable to use it to contribute to the country because jobs are too competitive and low paid so im much better off on the dole

[@Kaiyats]

Move to Australia they have a lack of engineers

[@J1122]

That is defeatest bro

[@juliegranne6181]

We all need independence,. Dignity,. A taste of luxury,. A feeling of a dream,. A pleasure and respect for each other.

[@johnaistrup9250]

UBI can be done, these people who say it cannot be done are living in cloud cuckoo land! In order for UBI to be its namesake 'UNIVERSAL' then we could easily introduce a Universal Transactional Tax system (UTT), this would completely replace every tax in the country. UTT is basically a form of digital extraction of tax taken at source by every transaction made every second of every day. From bank transfers to payments made, payments received and would apply to commercial as well as public transactions, in particular the financial sector in London. It would be predicated on a single point of % (set by the treasury at the start of every fiscal year). I read an article a couple of years ago by a professor of finance who cited that the % could be set (as an example) at 0.0000012% of every transaction, which added up over the course of a year would equate to twice the current annual budget that the treasury currently receives in its coffers. Put that in line with UBI and although the first couple of years might see a deficit, by the time five years has passed in these models means that the government could have significant extra funds on top of the cost of UBI, with which to play with. Again though, this is on the assumption that everyone plays their part, wealthy patrons, commercial enterprises as well as the government being responsible with the annual review and % set each year. UBI is not only a seriously viable option, it is in this moment, this time in which to now apply it. People have been suffering long before this virus by almost every government that gets to power but it will now most certainly be amplified a thousand fold in the coming months as a result of the financial damage caused by this virus. Then again no conservative government would ever consider this approach, as they want the rich to stay rich and paying a fair and equal tax is an anathema to them!

[@bobbobbing4220]

remember all the payrises the MPs gave themselves that's a "payrise" but when the unemployed are given enough to live its "free money"

[@susanrobinson2728]

Yes £13000 in 2 lockdowns

[@artemis9593]

A UBI does NOT mean the end of the NHS. if people have more money in their pocket, and certainty that they can pay for a home/utilities and food - they are more likely to put money back into the economy! It would cost less than the cronyism we are seeing in Westminster right now. Less than tax avoidance we see in UK now. UBI is needed

[@susanrobinson2728]

We could afford to pay every time we needed the dr or an OP.

[@wuck2226]

I think Universal Income of Korea basically items can only be purchase localy in the shops. To increase their economy

[@claudethesilentman7841]

Honestly I’ve got no faith in this government but coronavirus has helped my family quite a bit My dad is self employed and is a tree surgeon and he’s been getting more and more jobs and had £1000,s from government grants So we’re happy with the grants and everything because it’s helped him near enough get out of debt 👍

[@graemekelly7955]

MMT = Magic Money Tree

[@wleon4068]

Why not a 'magic money tree'? After all, the Tories have been living off our 'magic money tree' FOR YEARS!!

[@rodd1000]

Every Tory has one in their garden, feeding off the blood of working man.

[@Sol-ui2if]

Never mind the cost, the wellbeing of people should be the main priority. A state that puts money before the wellbeing of the people is not someone who cares about people. It is someone who cares about money. And putting money before people's wellbeing is greed, materialism and lack of care and compassion.

[@dshimmin1]

Our broken economy needs a basic income. The more wealth is concentrated in a few and in non productive assets such as land and property, the less productive our economy. I'd rather we had a fairer economy in which the 1% paid their taxes and wages reflected effort in addition to supply and demand forces. We know that getting cash into the hands of poorer people will boost consumption locally, far more than by the upper percentiles of wealth distribution. So in the absence of fundamental action on inequality, the broken system needs UBI to keep their show on the road.

[@kavangillespie5413]

David icke predicted all this...

[@sausage4mash]

David Icke is mentally ill ...

[@gethcreator751]

Would be better just to increase how much we can earn before we are taxed and tax us after we earn that amount not before and have us waiting for tax rebate

[@kellyhawkes3191]

It would simplify the expensive and destructive benefit system.

[@charlieparkes7599]

5:50 "It would cost £150B per year". Next shot the lady says "It would cost between 20-30% of GDP"..... This video came out in 2020, UK GDP in 2020 was over £2T. 20% of £2T is £400B. If it cost £150B that would be roughly 7.5% of GDP not 20-30% 🤦‍♂️

[@mistertjon]

As long as we have the base materials to manufacture it why not? Not like we have to mine it.

[@anfieldreds_1892]

manufacturer what?

[@mistertjon]

@@anfieldreds_1892 did u read the title if this vid??

[@anfieldreds_1892]

@@mistertjon yes how in the world u can agree we should manufacture money

[@kari1246]

I don't think most people would want to just sit at home just because they receive ubi... not everyone wants to do nothing... People would die of boredom and inactivity... Literally 😔

[@legobrickabrac]

The crack head wanabe Rapper who lives above Me blasting out his shxx everyday says otherwise.

[@josevanreyes]

@@legobrickabrac Most people are not crackhead wannabe rappers mate.

[@legobrickabrac]

@@josevanreyes They are where I'm from.

[@beefstew5676]

@@legobrickabrac haha

[@legobrickabrac]

@@josevanreyes He's at it again today, this time it's DnB MC with speaker system with about 5k watts in a bedsit.

[@AR-ilire]

What freedoms would have to disappear for this "free" money?

[@sirkayda7205]

No such thing as free except God's Love.

[@derby121]

I'm sure these people against UBI have not experience poverty and depression linked to it . on economy side of things people will spend more when they have money to spend without worry that would increase VAT and business activities.

[@ShannenMatnarudin]

Everyone here should watch talks by Guy Standing. Key voice for UBI

[@ll2809]

It can be done because look at digital currency money from nothing, its just a number in a machine

[@simonmorgan225]

Fiat money, has and always will fail.

[@juliastandford149]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc 1

[@ll2809]

Why do people always have to go the worst they can get money, by doing it on way were they cant buy drugs, its simple mate

[@clveeraync]

Free money?? There's no such where will it be coming from?? As for no strings attached that's the biggest lie ever

[@highlandsuncovered]

Definitely needs to be done asap, makes so much sense!

[@suepem]

If we give free money to everyone the whole world will want to live here. How will that improve our carbon foot print?

[@candy1706]

Isnt it the part of new world order? ? Everybody equally poor and 1% extremely rich. And by the way the "crisis "has been created artificially

[@kz13nx68]

They could increase the tax free allowance by 6k to 18,500. That will take everyone 'working' upto 40 hours a week at national minimum wage (8.72) out of tax.

[@onezerooneseven]

It totally could be workable and affordable, it's all about the details though - it's clear our present system isn't working for many

[@vanshookme6531]

I'm sure all the greedy corporations (if routed up together) who avoiding paying tax year in year out can easily plug a 160 billion a year UBI bill in the UK (and dare I say more).

[@jakstiles6528]

Give to those in need completely agreed! Let the capitals be that where we can have incentive to life.

[@juliegranne6181]

Yes ,. Equal the stupid amounts of moneys . Use the interest. It's unfair that money divides and makes an un_ equal economy. Money is the root of all evil.

[@ainokea911]

People with money are the root of all evil.

[@racheyrach123456789]

Improving our system??? Yeah right!! So why not just offer it. Why the shady sly smoke screen to then bring it out?

[@garethholdcroft4130]

Free money sounds good but i think the money could go to better use such as NHS, police etc.

[@juliastandford149]

kzbin.info/www/bejne/d6DOaJqXo5ehqLc 1

[@arthurholroyd8550]

NO WAY !

[@gavinthomas7375]

Give free money to the workers who struggle in silence.

[@nattts2095]

The answer is YES! Make things equal

[@Murlena888]

Yes infinate money or at least 1million each. That should have been done years ago. Which politician can live on £68 a week or £500 a month that is peanuts and still living in poverty. The world was made for human free and equal.

[@page299]

Yes

[@hoyeru00]

corporate welfare is the BIGGEST welfare ever. Corporations get literally trillions in free monye, tax breaks,etc. The QE that USA has been going since 2008 is basically a free zero interest monye given to banks. But let's argue about giving money to the ordinary people.

[@surality]

Imagine; being a dustman, inhaling the faeces (disposable nappies) every dustman on strike, 🤔😕ohh. Time to level up.

[@danjay3946]

UBI should not raise the MRP offline. but appreciated. god bless UK

[@Paul1962]

Like it or not, like so many other things that have changed in the world it will happen. it is the only way forward if humanity wants to become more civilized. Some people will fight it, and some will welcome it. but it is the next evolutionary and necessary step to make the world a better place to live. If old Boris realised this he would be a prime minister that goes down in history for changing the modern world.

[@alexandermichael117]

NO,look after our own nations needs,first.

[@user-nf9xc7ww7m]

Like with the conservative-backed alaskan permanent fund? Residents get annual dividend from natural resources that is invested in the stock market and forex.

[@micyestestes5807]

After barely having any money what would we do with it?

[@adonisblake4990]

Giving money to everyone is the same as giving money to nobody

[@AFV85]

We were all ment to be getting £500 back in july still not seen a penny lol it was ment to be for us to give to struggling businesses after lockdown to help get back in there feet! Not looking forward to the budget and the Tax year in April! It'll be like Norway for prices! Won't be able to pay for nothing for having to pay the government petty cash pot back!

[@surality]

Footballer's basic income, eight pound an hour. Quarter of an orange @break is your bonus.

[@IvanovichIvanov]

So. What would be the point to do anything?

[@IvanovichIvanov]

​@Khadija Aamir Fine. Let's do it under just one condition. Taxpayer decides if wishes to support slackers.

[@UBIAICOSMOS]

Technology is cheaper than workers. it's Time for a #BasicIncome & #FourDayWorkWeek

[@techtinkerin]

Tory's don't give money away they just waste it.

[@hatersburnlovercarryon4541]

Blood money

[@lewisneedham2168]

Yes please

[@monsieurfortuna9952]

We need ubi as soon as possible

[@cyrilllaping8583]

I hope im the one to receive a blessing

[@Sol-ui2if]

If a country has the founds to invest in wars they should have the funds to invest in people. Wars kills innocent people. That's an act of cruelty and lack of compassion.

[@dlcchannel8881]

Asking about money for everyone to people who aren't struggling at all is bullshit! Ask that to a father or a mother that is working for the minimum wage if a UBI is right to help people to survive!

[@jeanettedevereux7664]

Perfect sense

[@rutabuga]

free money for everyone, lets just print money, what could go wrong?

[@angeldivine408]

That’s what they said about the Great Depression at first oop-

[@rutabuga]

@@angeldivine408 they said forget money we will print more?

[@angeldivine408]

rutabuga precisely. They thought that printing more money will fix their economy , but in the end it only resulted in hyperinflation.

[@humblionwisdom7244]

People will always want to work, it’s in there nature it’s part of purpose so giving a Income won’t stop people from working

[@susanrobinson2728]

True so it's why can't we have a real living wage.