The looming robot economic employment catastrophe is not being seriously discussed in governments, and universal basic income could be a potential solution to the impact of automation on jobs
Questions to inspire discussion
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What is Universal Basic Income?
—Universal Basic Income is a system where every citizen receives a regular, unconditional sum of money from the government, regardless of their employment status.
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Why is Universal Basic Income being discussed?
—Universal Basic Income is being discussed as a potential solution to the impact of automation on jobs, as robots and AI are taking over many types of work.
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How would Universal Basic Income be funded?
—Universal Basic Income could be funded through methods such as a value added tax on goods sold or using existing tax money to invest in automation.
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What are the potential challenges of Universal Basic Income?
—Challenges of Universal Basic Income include funding it, ensuring it doesn't negatively impact those already receiving Social Security, and potential rent increases by landlords.
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What are the potential benefits of Universal Basic Income?
—Universal Basic Income could reduce the cost of living without a job, provide financial support during job transitions, and allow individuals to pursue their passions without the fear of financial instability.
Key Insights
- 🤖 One of the questions that keeps coming up in discussing Robotics and the coming age of humanoid robots is what will we all do for work when all the jobs are taken.
- 🌍 The future of work and the impact of automation on jobs is a topic that is not being discussed enough.
- 💰 Imagine a country with infinite money, like oil-rich countries with low taxes and covered medical care and tuition.
- 📉 Experiments with universal basic income have shown that recipients were happier, more successful, and more secure, but funding and universality remain challenges.
- 💰 The real question is how to take something narrow and expensive and make it very broad without being cripplingly expensive.
- 💰 The looming robot economic employment catastrophe is not being seriously discussed in governments due to the older age of legislators and their reluctance to address issues until it directly affects them.
- 🏙️ Creating cities and homes on government-owned land could provide people with the services and amenities they need.
- 💰 UBI should cover basic needs, allowing people to pursue their passions and contribute to society in meaningful ways.
#Abundance
XMentions: @HabitatsDigital @FutureAZA
Clips
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00:00 💡 Universal Basic Income could be the solution to job loss due to technology, providing financial support as people transition to new types of work.
- In the future, if robots take all the jobs, universal basic income could be the solution to provide everyone with a check just for being alive.
- Robots and AI are taking over creative and manual labor, leaving humans with less work, so why aren't more people discussing Universal Basic Income as a solution?
- As technology replaces jobs, Universal Basic Income could provide financial support as people transition to new types of work.
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02:47 💰 Countries with abundant natural resources like oil can provide citizens with lower taxes, free medical care, and tuition coverage, as seen in countries like Kuwait and the state of Alaska.
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03:52 🤔 Universal basic income could be a cheap and effective way to increase happiness and success, as shown by successful experiments with no-strings-attached monthly payments.
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05:15 🤔 Universal Basic Income proposed by Andrew Yang at $1000/month for every American over 18, but funding and impact on Social Security recipients are challenges, with potential solutions including a 20% value added tax on goods.
- Andrew Yang proposed a universal basic income of $1000 a month for every American over 18, but the challenge lies in funding it and ensuring it doesn't negatively impact those already receiving Social Security.
- Landlords may increase rents with universal basic income, but a 20% value added tax on goods sold could help fund it, and there are better ways to implement it for less than a thousand dollars.
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07:21 💡 Implementing universal basic income may be necessary to prevent widespread unemployment due to automation, as it could significantly reduce the cost of living without a job.
- Governments are not addressing the impending job loss due to automation, and the cost of implementing a universal basic income would be difficult to swallow, but it may be necessary to prevent widespread unemployment.
- The cost of living without a job could be reduced significantly by eliminating commuting costs, rent, food, and power bills.
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09:25 🤖 The US government could use its land and existing tax money to create communities and provide universal basic income as robots potentially take over all jobs.
- The US government is the largest landowner in the US and could use that land to create communities with services and amenities.
- Robots could potentially take over all jobs, but the government could use existing tax money to buy robots and build their own, making universal basic income possible.
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11:25 🤔 Universal Basic Income provides the basic necessities for living, allowing individuals to pursue their passions and have a serious conversation about the future of work.
- Food production and energy could become very cheap or even free with automation, but the issue of paying for farm equipment, fuel, and power still remains.
- Universal Basic Income provides the basic necessities for living, allowing individuals to pursue their passions and have a serious conversation about the future of work.
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13:52 🤔 Universal Basic Income is a topic that needs to be discussed and considered for the future.
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Duration: 0:15:12
Publication Date: 2024-05-27T13:38:43Z
WatchUrl:https://www.youtube.com/watch?v=YWhV5RmNksU
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