Input | Output |
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Link | YouTube |
Published | 2019/10/10 |
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Status | article incomplete |
Beau says:
Beau talks UBI, referencing a Stockton study on $500 monthly payments to 125 individuals, hinting at the transformative potential of large-scale implementation and importance of public opinion, particularly from younger generations like Lily.
Policy advocates, UBI supporters
The full transcript provides detailed insights into a small-scale UBI study's findings and implications, urging viewers to contemplate the transformative potential and societal impact of large-scale implementation.
#UBI #AndrewYang #Poverty #Society #Community
Well, howdy there, internet people, it's Bo again.
So we're gonna talk a little bit more about UBI here in a minute, but first, I have to
wish one of our youngest viewers a happy birthday.
Happy birthday, Miss Lily.
Okay, so Andrew Yang got a little boost from a study coming out of California.
It's an 18-month study of 125 people who were each given $500 a month.
His plan is to give people $1,000.
This happened in Stockton.
The researchers are from the University of Tennessee and the University of Pennsylvania,
and they admit that this is anecdotal.
It's more for storytelling than gathering hard data on how it's going to impact the
economy because 125 people is just not enough to really test it out. And they
freely admit that. I guess their real goal is to try to measure the impact it
has on mental and physical health, which is interesting. Those results will be
released later. So who'd they give the money to? What were the type of people?
43% were working, 2% were unemployed and not looking, 8% were retired, 20% were
disabled and 10% were stay-at-home caregivers, stay-at-home moms who were
taking care of an aging parent, something like that. Pretty good cross-section.
Okay, what'd they spend the money on? 40% of it went to food. All right. 24% of it
went to places like Walmart, Dollar General. 11% went to utilities, 9% went
went to auto repairs and gas.
That's 84% right there, all pretty reasonable spending.
The rest, the other 16%, went to stuff like medical expenses,
insurance.
I'm sure there's some recreation in there as well.
I mean, that speaks well for Yang's plan, it really does.
I know that this isn't a large enough sample size to actually matter, but the storytelling
is there.
The storytelling is certainly there.
I mean, I am, personally, still not convinced.
Still have a lot of reservations about this, but the truth of the matter doesn't really
matter what I think.
Matters what Lily thinks.
Matters what people her age think.
They're the ones that are going to implement it, or not.
They're the ones that will live with it.
like this, and a lot of the new ideas that are coming out, they're revolutionary.
Yeah, this is an old idea.
But implementing it on a scale that Yang is talking about, that's a pretty big undertaking.
It is something that would transform American society.
Whether or not that's the way to go, well, that's up to people like Lilly.
actually curious to hear what she has to say about it. But it does give a little
bit of a boost to his theory. You know one of the big concerns with it is that
people are just gonna blow it, spend it on stupid things. And in that is kind of
the idea that people who don't have money don't know how to budget or that they somehow
wound up without money for that reason.
People have said it before, being in poverty is a lack of cash, not a lack of character.
Anyway, it's just a thought.
Y'all have a good night.
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