Universal Basic Income (UBI) - Policy to Reduce Inequality

Universal Basic Income (UBI) - Policy to Reduce Inequality. Video covering the novel idea of Universal Basic Income (UBI) - Policy to Reduce Inequality
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[@williamjuniour]

econplusdal, through all the hardships and procrastination, you have been the saviour for my ib economics exams and I couldn't have done it without your guides and videos. My exams are still not over and the job is not done but nevertheless, thank you very much.

[@TheBusinessBlueprint_]

Coming back to thank you bro you were my only source of revision last year when I did my a levels and I got an A much appreciated Dal👊🏼

[@tooba1303]

slayed my a level exam today all because of you 💯

[@hristiyanminev]

what came up XD

[@habibu.a.a2307]

Slayy 💅💅

[@m0time]

@@matthewliu9127 he’s capping its 18th

[@tooba1303]

@@m0time my guy i do the CIE exam board. 9708/42 to be precise :)

[@tooba1303]

@@matthewliu9127 different exam board!

[@GrumpDog]

Great and detailed explanation! Totally agree with the majority of it. I think the goal of UBI is not to completely cover everything, as some people out there arguing against it seem to think, it's just an income floor. Enough assistance with basic survival costs, to keep people from falling into poverty or becoming homeless. Anything more than that, people will still need to find other sources of income. If they want to have much fun & leisure time, they'll want a job to earn more on top of the UBI. That's also why it doesn't encourage laziness, and because it doesn't go away when you earn more, no welfare trap! Those factors alone would greatly improve poverty statistics.. I wish more people saw that. I also don't think it'll pose much inflation risk, beyond maybe a short-term readjustment period. We still have a free enough market for people to shop elsewhere if someone raises prices/rent. And personally I think UBI will drive such economic growth, that it'll essentially pay for itself. The extra money it provides most people, will enable them to take on new things they couldn't before, like getting more education, or turn a hobby into a small business. And for most people, it'll simply let them spend more in their local economy, hopefully revitalizing and enabling more small-businesses!

[@olivia.2762]

used this in my micro 25 marker yesterday in aqa context 2 about reducing in-work poverty thanks to you i hope i did you justice dal❤👊

[@hmwh4t]

What diagrams did u use

[@olivia.2762]

@@hmwh4t i didn’t do a diagram for this part but i also spoke about raising national minimum wage so drew a diagram for that. feel like i should’ve talked about another policy but couldn’t really think of one. did you do this question?

[@Dave-dm3wy]

same lol

[@Dave-dm3wy]

​@@olivia.2762 If I remember rightly I only talked about means-tested and UBI

[@hmwh4t]

@@olivia.2762 nah I just picked the other question cause I had no idea what diagrams I could but I really wanted to talk about ubi, hopefully paper 2 has something about poverty so maybe I could use this

[@simonamos9468]

Great idea hope it happens

[@yahyakhan6433]

could this also be an example of a negative income tax?

[@kavishldn]

We got this

[@datlegend1254]

I know your getting smoked

[@ehs1452]

THE GOAT

[@Vivek2004]

The GOAT

[@paullomosi3954]

sir consider do econometric vidoes

[@raihannazimchowdhury3829]

you are a god among men

[@habibu.a.a2307]

He’s dal m8

[@eddieleeming7395]

Dal at the back post !!!!

[@habibu.a.a2307]

This isn’t FIFA m8

[@CleanSheet_FTBL]

can i use this in both macro and micro?

[@maxmir7780]

probably just macro tbh

[@CleanSheet_FTBL]

@@maxmir7780 👍👍

[@datlegend1254]

​@@maxmir7780 your mum told me I can use it for both

[@m0time]

can use it for micro aswell. consumer welfare is increasing incentivise productivity for zero hour contracts so good for firms.

[@datlegend1254]

​@@m0time HELLLPPPPPPPPPP HELLLPPPPPP MEEE

[@D17D]

IB Economics paper 2 in exactly 12 hours from now

[@datlegend1254]

No it's not

[@reaperules]

fax

[@reaperules]

How did it go bro

[@D17D]

@@reaperules Quite decent, did the first question (apparently like the only one in our class that did the first one) TZ B. You?

[@ryanloxham3934]

What topics were on? Also what topics were on your paper 1? Thanks

[@JoshuaGunda-fr1km]

Can this come up for the OCR exam board?

[@wetpeps9651]

maybe

[@bigR...]

This will never come up as a question for any exam board. It’s just a concept you can add into answers

[@charliepfgpclenm3901]

will you marry me?

[@dm95422]

I keep hearing "basic income" , but NO country in the world has truly implemented such a program. Why do we keep talking about it ?? It's a lost cause.

[@gregcab3274]

THE GOAT

[@datlegend1254]

Your mum's my goat