@JonathanSeder
This study didn't test the actual motivation for Guaranteed Basic Income. The problem GBI is intended to address is the high effective marginal tax rates faced by low income people - if you're taking advantage of Section 8 housing, food stamps, Obamacare, transit benefits, low-cost parking permits, energy assistance, etc etc, getting a $100 raise might cost you $108 or more in lost benefits - because of stepwise limits, maybe thousands of dollars. The key idea of GBI is that by replacing ALL OTHER WELFARE programs - and letting you keep the money regardless of your income level - GBI gets rid of this perverse marginal effect - without the cost of administering all those other programs. But the NBER study took "extensive effort to protect eligibility for public assistance programs" including getting states to pass laws specifically to protect benefits in the face of moneies paid by the test program. So the study design actually nullified any potential benefit of a GBI program! It's not clear what they wanted to show, but they missed the point. Or maybe they found that because their subjects would lose more in benefits than they would gain by working, they're best off just spending the additional funds.
@xdmich6018
191k views and only 67 likes, didn't know this was even possible Edit: It's all their video, so the answer is bots While I don't think UBI is a cure to poverty, I hate Sam Altman and I'm not sure if it will be better implementing or not (it helps, but may have more bad consequences), but this video is just stupid, obviously people who are poor overwork themselves if they can, that's not a good thing, and obviously people who get money for free thanks to participation in some research will use at least part of it for pleasures, especially in US, which culture is based on consumerism
@coniferous4637
Curious, this video has almost 200k views and only around 80 likes? 🤔
@justgaming1952
I found the right balance!!! Make it so going to work is bearable. Cause I think a study was conducted that showed that people literally hate working. After this is done just make sure schools teacher financial security. And boom- fixed the issue
@Omer1996E.C
I'm not an American, but this is a genuinely extremely beneficial channel for anyone worldwide. Thank you kite and key ❤
@DrMattDestruction
having the chance to have dozens if not hundreds of $0/hour employees ethically sounds amazing to me. Universal Basic Income now!
@Christine_C-k3v
Basic Income Now!
@DarkVentus358
As automation gets more and more advanced, there will be a point where people won't be working, and CANT buy becasue no one has jobs. Without companies getting money, they die, so UBI is the only real outcome that CAN happen.
@MarioMorales-ze2vp
I don’t think UBI is the answer but government should continue investing in technology, affordable quality education and healthcare- just with those plus a progressive taxing on billionaires the difference from The extreme wealth gap we see now would be abismal. We don’t need to go all The way to UBI- the answer and resources are already there Just need to be implemented
@CensoredMercy
damn this channel is viewbotted to shit
@nazart7830
Mexico has a form of this right now. Government giving a universal bimonthly wage to elderly people
@geekycatgaming
Yay! More Kite and Key.
@garyhilton1179
Love me some Kite and Key.
@pigpig19d
You can't help people who don't help themselves. We basically did ubi during COVID, or at least my state did. Back then if you were on unemployment, you'd get paid the same if not more than actually working, many stores and businesses lost their entire staff and were shutting down left and right.
@Ken_Brz
Please read the richest man in Babylon. Give financially undisciplined people more money (earned or unearned) and they‘ll adapt their lifestyle spend it all and still be broke. Financial education needs to happen at the same time
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