We've seen growing support for a universal basic income or UBI. In a nutshell, the government would pay every citizen a set amount of money without any means testing or work requirement. Democratic Party presidential candidate Andrew Yang has made UBI a central issue in his campaign. Under his plan, every American over the age of 18 would get $1,000 per month, guaranteed. This sounds great, doesn't it? Who doesn't want free money? But the plan raises a few questions -- like how would the government pay for it? In this episode of It's Your Dime, host Mike Maharrey talks with Antony Sammeroff, author of the book "Universal Basic Income: For and Against." They discuss the pros and cons of UBI and delve into some of the economic ramifications.
TOPICS DISCUSSED
- What UBI is UBI and how would it work?
- Why it’s being proposed?
- The economic ramifications of a UBI
- The possible unintended consequences of implementing UBI
- Will technology really displace workers?
- The case against UBI
NOTE: The opinions expressed by guests on It's Your Dime do not necessarily reflect those of SchiffGold. Peter Schiff or Mike Maharrey
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