Universal Basic Income in Gyeonggi

The video discusses South Korea's experiment with Universal Basic Income (UBI) in Gyeonggi Province, where residents receive regular cash payments to reduce inequality and poverty. The program expanded during the COVID-19 pandemic to support the local economy. With automation threatening jobs, UBI is seen as a potential solution. The program's success has political implications, with proposals for national implementation. However, data collection raises privacy concerns, and funding through a 'robot tax' faces opposition.

What is the primary goal of the Universal Basic Income program in Gyeonggi Province?

• To increase government control over citizens

• To reduce inequality and poverty

• To decrease the population

• To promote international trade

During the COVID-19 pandemic, what was the condition for spending the UBI funds?

• Funds could be spent anywhere in the country

• Funds had to be spent only in local neighborhoods

• Funds could be saved for future use

• Funds had to be donated to charity

How did the UBI program affect local businesses in Gyeonggi Province?

• It decreased their sales by 45%

• It had no impact on their sales

• It forced many businesses to close

• It increased their sales by about 45%

What is a major concern related to the data collection in the UBI program?

• The data is used to increase taxes

• The data is not collected at all

• The data is used to track individual spending habits

• The data is sold to private companies

How does the Gyeonggi government ensure the UBI funds are boosting the local economy?

• By tracking each transaction and analyzing data

• By investing in foreign markets

• By reducing the amount given each month

• By allowing spending anywhere in the country

What is a loophole in the policy of spending UBI funds locally?

• People can save the UBI funds for future use

• People can use the funds for international travel

• People can spend other money on non-local goods

• People can transfer the funds to others

What is the proposed method to fund the national UBI program?

• Reducing healthcare spending

• Cutting education funding

• Increasing income taxes

• Introducing a robot tax

What percentage of South Koreans support a national UBI program according to a June survey?

• 25%

• 50%

• 75%

• 100%

What is a potential benefit of UBI in the context of automation?

• It will eliminate the need for government intervention

• It will decrease the need for education

• It will provide a stable income as jobs are lost to automation

• It will increase the number of jobs

What is the main reason for proposing a national UBI in South Korea?

• To increase the population

• To promote international tourism

• To prepare for job losses due to automation

• To reduce government spending