Basic Income: The Free Money Andrew Yang: The entire socialism-capitalism 2 days ago   14:32

Wall Street Journal
Mark Zuckerberg, Elon Musk, Richard Branson and other tech titans are promoting the idea of universal basic income, as a way to help citizens weather job disruptions caused by emerging technologies. Canada is giving it a try, with a pilot program that gives participants up to $17,000 annually for three years — no strings attached. WSJ’s Jason Bellini checks in on this free money experiment. Image: Ryno Eksteen and Adele Morgan

Watch more episodes at wsj.com/upstream
Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy

More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video

On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM

Comments 3639 Comments

ِAl Muddather Al-Sharji
Seriously! 11:05 Randomized trail gives you better evidence!???
Go read one paper about UBI, JUST ONE! They all say the same thing! UBI becomes handouts if you don't guarantee that the trailed neighbor doesn't get a UBI themselves! It helps the garage owner into hiring someone, it helps the waitress quitting her predatory work! it helps the couple who always wanted to start a business in their poor local community to do so because suddenly everyone who is poor in the neighborhood is a little richer now. Why doesn't the government read basic research before doing "experiment"!?
ِAl Muddather Al-Sharji
UBI is only UBI if 1-It is long term. 2-It is given to everyone in a community. The amount isn't agreed upon but some econimist think it can be as low as one fifth of the minimum wage. This "experiment" is flawed as it doesn't give people the money so they can circulate in their respective community. No matter the conclusion after watching the first 3 minutes, THIS IS NOT REAL UBI!
Dee
The interviewer has the most punchable snobby face! Couldn’t stand hearing or seeing him. Who did he game to get his job?
James Kush Wang
Andrew Yang 2020...the only modern candidate that will take us through the 21st century and be the country that leads in innovation and a country all of the American people deserves...anyone else will be more of the same...even Bernie to some extend....because they are all career politicians....
memadman
Yang Gang !!
Jim Brauer
YANG 2020 / FREEDOM DIVIDEND / M4A / Humanity First / Abundance Mindset / $1,000 per mo per adult / Solution to POVERTY = CASH in the hands of Parents and Teachers !!! YANG = YES !!!
Bob and his Army
"There's a possibility that it could fail" Of course, that's why it's called an experiment.
Mark Uzick
It will undermine the jobs and power of the bureaucratic parasites of the state, so they will fight it unto death. UBI is basically a welfare voucher check: just look at the militant opposition to school vouchers from the powerful teachers union; then imagine the uprising that would result in dismantling the whole health, education and welfare ruling class who want to control all this booty, dispensing it to their subjects who must suck up to them, jumping through hoops with their crazy rules dreamt up in their frenzied power trips, while allocating 90% for their own pockets.
If the state can licence our work, telling us who can earn a living and who cannot, then we are living in a prison; and as evil as UBI is, just letting its prisoners starve is an even greater evil; and UBI is a lesser evil than having the guards make them beg for slopps while taking home all the good food for themselves.
Brandon
This is why we need to listen to Andrew Yang
Higinio Martell III
17k a year is too much.
Roger Pope
If this interests you, you should check out the Venus Project.
Jim H.
*In UBI America you don't look for job, job looks for you.* Yang2020.com
Henry Zhang
The ultimate way to make most people happy is for the governments to reward companies willing to provide jobs.
chuuchuub
Good for the puppet guy being honest with himself, the interview and editor looked like idiots IMO at that section after the Trumpty Dumpty puppet bit
Anthony Amaro
Asset prices would simply go up cost of living would go up and you would be funneling more money to the 1% simple supply and demand the more you can afford the more they're going to charge
Montgomery scott
600 PER MONTH? CAN'T EVEN RENT APP. FOR THAT. 6000 PER MONTH, THAT'S BETTER.
Dr. moxley
The more the government gives the more the government controls you
N M M
How about we don't automate humanity out of relevance instead?
BabyUcon
As a street artist transitioning to day trading, UBI would help me BIGTIME!
A Mind With Heart
People don't just "sit on" the "cushion"! The money gets spent, in the community, benefiting local businesses. It pays for child care, dentist visits, groceries, clothing, entertainment, etc. etc. etc. It creates jobs because it stimulates small business which provides more than half the jobs in the U.S.
Add Reply

Andrew Yang: The entire socialism-capitalism Basic Income: The Free Money 2 days ago   05:54

Democratic Presidential candidate Andrew Yang on calls to have a U.S. economy that has qualities of capitalism and socialism, why he decided to run for president and what differentiates him from the other Democratic candidates.

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London.

Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

Watch full episodes of FBN Primetime shows
Lou Dobbs Tonight: https://video.foxbusiness.com/playlist/longform-lou-dobbs-tonight
Trish Regan Primetime: https://video.foxbusiness.com/playlist/longform-trish-regan-primetime
Kennedy: https://video.foxbusiness.com/playlist/longform-kennedy

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness