Universal Basic Income (UBI)

The video explores Universal Basic Income (UBI), a policy where all adult citizens receive a regular, unconditional sum of money. It traces the history of UBI from ancient Rome to modern experiments in Canada and Kenya. The video discusses the potential benefits of UBI, such as poverty reduction, improved health, and job growth, as well as criticisms, including cost, potential inflation, and the impact on work incentives. The conclusion considers UBI's future role in a world with increasing automation.

What is the primary goal of Universal Basic Income (UBI)?

• To eliminate poverty

• To increase government revenue

• To promote international trade

• To reduce taxes

Who was one of the first philosophers to argue for a form of UBI?

• Johannes Ludovicos Vives

• Thomas Paine

• Sir Thomas Moore

• Joseph Charlier

Which experiment in the 1970s is often cited as an example of a UBI-like system?

• The Dauphin, Manitoba experiment

• The Siaya and Beaumit counties experiment

• The London income study

• The New York City pilot program

How might UBI improve physical and mental health?

• By increasing access to luxury goods

• By reducing anxiety related to basic needs

• By promoting a sedentary lifestyle

• By encouraging more work hours

What is a potential economic benefit of UBI related to job growth?

• It discourages entrepreneurship

• It increases reliance on government jobs

• It lowers school dropout rates

• It reduces the need for higher education

What is a major criticism of UBI regarding its cost?

• It would be extremely expensive to implement

• It would require minimal government intervention

• It would only benefit the wealthy

• It is too cheap to be effective

How might UBI potentially lead to inflation?

• By decreasing aggregate demand

• By increasing aggregate demand

• By stabilizing prices

• By reducing consumer spending