The Argument Against Basic Income

The video discusses the concept of universal basic income (UBI) and critiques it for its macroeconomic and political defects, such as lacking countercyclical features and potentially replacing welfare programs. An alternative proposal is presented, advocating for a job guarantee program that provides employment and training opportunities, ensuring a safety net for those at the bottom of the income distribution.

What is one of the main political concerns about universal basic income (UBI) as discussed in the video?

• It could replace existing welfare programs.

• It is difficult to implement technologically.

• It reduces the incentive to work.

• It increases taxes for the wealthy.

Why does the speaker believe UBI has macroeconomic defects?

• It only benefits the wealthy.

• It is not popular among voters.

• It lacks countercyclical features.

• It is too expensive to fund.

What is a key feature of the job guarantee program proposed as an alternative to UBI?

• It offers training and employment opportunities.

• It guarantees a high salary for all participants.

• It provides universal income without work.

• It reduces government spending on welfare.

How does the job guarantee program aim to support those at the bottom of the income distribution?

• By reducing their taxes significantly.

• By integrating them into a public employment program.

• By offering them high-paying jobs in the private sector.

• By providing them with a basic income.

What additional benefit does the job guarantee program offer besides income?

• Free housing

• On-the-job training

• Tax exemptions

• Healthcare benefits