Navigate Select ESC Close

What Would Happen If Everyone Got $1,000 a Month? (UBI Theory Explained)

2024-08-05 Education
479.3k
16.4k
3.7k
Andrei Jikh
Andrei Jikh
3.3m subscribers

Unlock all features

FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.

Description

What Would Happen If Everyone Got $1,000 a Month? (UBI Theory Explained) ► Moomoo trading app: https://start.moomoo.com/00mF1C *Terms & Conditions Apply* ► Get 20 Fractional Shares (when you deposit $500): https://www.webull.com/k/AndreiJikh ► Where I Buy My Bitcoin: https://coinbase-consumer.sjv.io/Andrei ► My Podcast: https://www.youtube.com/@dontsweatitpod ► How I went from Zero To A Million: https://www.zerotoamillion.com ► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh ► Open A Roth IRA: ► Follow Me On Instagram: https://www.instagram.com/andreijikh/ ► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0 My PO Box: Andrei Jikh 4132 S. Rainbow Blvd # 270 Las Vegas, NV 89103 SOURCES: https://thecorrespondent.com/4503/the-bizarre-tale-of-president-nixon-and-his-basic-income-bill/173117835-c34d6145 https://smartasset.com/financial-advisor/universal-basic-income https://www.vox.com/policy-and-politics/2017/8/30/16220134/universal-basic-income-roosevelt-institute-economic-growth https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines https://brazilian.report/society/2023/10/27/impact-bolsa-familia-after-20-years/ https://www.fastcompany.com/90436425/what-happens-when-people-win-this-basic-income-raffle-they-have-time-to-find-meaning-in-their-lives https://www.vox.com/future-perfect/2020/2/19/21112570/universal-basic-income-ubi-map https://basicincometoday.com/private-basic-income-experiment-in-japan-publishes-first-results/ https://www.cbo.gov/publication/59946 https://www.vox.com/future-perfect/2023/10/13/23914745/basic-income-radical-economy-poverty-capitalism-taxes https://www.vox.com/future-perfect/2019/9/5/20849020/alaska-permanent-fund-universal-basic-income https://www.mayorsforagi.org/resources https://www.vox.com/future-perfect/361749/universal-basic-income-sam-altman-open-ai-study https://smartasset.com/financial-advisor/universal-basic-income DISCLOSURE: None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future. You should not treat any opinion expressed on this Youtube channel as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Opinions expressed are based upon information considered reliable, but this Youtube channel does not warrant its completeness or accuracy, and it should not be relied upon as such. This Youtube channel is not under any obligation to update or correct any information provided in these videos. Statements and opinions are subject to change without notice. No compensation is received by this Youtube channel for the opinions expressed. Past performance is not indicative of future results. This Youtube channel does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this Youtube channel. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this Youtube channel may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this Youtube channel. Before acting on information on this Youtube channel, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Top Comments (10)

@alonzocalleros 2024-08-05

Maybe don't tax the crap out of the working class so they don't have to work all the time.

1.0k 118 replies
@philv2529 2024-08-05

Money doesn't solve all problems but it does solve a lot of them

642 34 replies
@danielobrien9502 2024-08-23

Money can't buy happiness, but it can pay off despair.

635 16 replies
@ucrjedi 2024-08-12

The goal of UBI is not happiness. It's simply not freezing or starving to death.

404 15 replies
@MavericksDigest 2024-08-27

Sounds like the common answer is: the working class needs to feel like they’re going somewhere. No one wants to work just to pay bills. You give the average working person an extra $500-$1000 a month and people immediately feel better. So many people worry that if the working class gets paid more, they’ll be less motivated to work. No. They’ll feel less poor, something no one wants to feel

311 17 replies
@Zvrye19 2024-08-20

If UBI gets passed in the US, there needs to be some kind of “fuckery tax” where if prices go up the businesses raising those prices get taxed 110% so they actively lose money by jacking up prices

301 28 replies
@kiwi_welltraveled 2024-08-20

Money won't make you happy But I would rather be rich and unhappy, Than poor and unhappy

212 6 replies
@livelearnandteach 2024-11-06

I remember being told decades ago we'd all be working 2-3 day weeks because computers were gonna speed everything up. I'm still waiting.

163 10 replies
@roguered706 2024-08-18

Im surprised Andrei didnt touch on the Alaska oil dividend. Alaska has been giving residents an annual payout for decades as a share of oil sales. It's not a set amount, but from what I can gather a typical family could get between $5k- $10k a year. It is meant to compensate all residents for the natural resources being used since, as he mentioned early in the video, if we keep consuming all natural resources there won't be anything left for future generations. Its not about bailing anyone out if poverty, its extra money that improves their quality of life without destroying the economy.

116 6 replies
@charleshadle9376 2024-08-10

The circumstance of healthcare, housing, and food insecurity is the biggest problem.

95 6 replies

Unlock the Data Inside
Turn Videos into Knowledge

  • Get FREE 10/day: transcripts, summaries, chats
  • Chat with videos, export text & PDF
  • $1 free API credit for RAG, chatbots & research

Free forever plan • All features unlocked

App screenshot