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 universal basic income (UBI) and how is it defined?

Who were some of the early philosophers that argued for the concept of UBI?

What historical examples of UBI or similar concepts have been implemented?

What are some potential benefits of implementing UBI?

How might UBI affect poverty levels according to proponents?

What criticisms do economists have regarding UBI?

In what ways could UBI potentially lead to inflation?