I came across this very fun and well done video on YouTube explaining UBI – Universal Basic Income.
UBI or Freedom Dividend – is one of the main reasons why I started paying attention to Andrew Yang, as he was the one pushing for it. Ever since he suspended his campaign on February 2020, more and more people are discussing his ideas and getting involved in politics even.
But again, UBI is not a new concept. There are people in American history who have pushed for a Universal Basic Income – such as Martin Luther King, Jr.
One of the main arguments against UBI is thinking that people are just going to become lazy once they get free money. Studies have shown that that is not the case – instead of creating a ceiling (like welfare programs with strings attached), it creates a floor where people can stand up.
Now that we are going through a worldwide pandemic, UBI isn’t sounding as radical as it did before.