The Mind Money Spectrum Podcast

#27. Can a Universal Basic Income really pay for itself?

June 16, 2020 Aaron Agte and Trishul Patel Season 1 Episode 27
The Mind Money Spectrum Podcast
#27. Can a Universal Basic Income really pay for itself?
Chapters
The Mind Money Spectrum Podcast
#27. Can a Universal Basic Income really pay for itself?
Jun 16, 2020 Season 1 Episode 27
Aaron Agte and Trishul Patel

In this episode, Trishul and Aaron dig into Universal Basic Income. Income inequality is a problem in the United States and UBI or a negative income tax may be a potential solution. But how does UBI fit in with a capitalist system? And how might it affect incentives for people at different levels of income? If the U.S. already provides a variety of social safety nets, moving to a UBI has the potential to increase efficiency and reduce bureaucracy. UBI can be revenue neutral, and it might even reduce overall government spending, but more study is needed. As automation displaces workers and careers, UBI could be the bridge to advance society to the next level.

Episode References

Colorado Proves Housing the Homeless Is Cheaper
Senior Citizens in Japan Are Committing Crimes
Legislation Proposes $2000 a Month for Americans
Piketty's Inequality Story in Six Charts
Richard Wolff on Economic Inequality
The 2 Trillion Stimulus and Where the Money Went
Wikipedia - Milton Friedman
Federal Poverty Level Guidelines
Most Americans Are One Medical Emergency Away from Financial Disaster
World Happiness Report
Jump in Employment Seen Among Medicaid Expansion Enrollees
Genes and Family Are the Biggest Predictors of Academic Success

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

In this episode, Trishul and Aaron dig into Universal Basic Income. Income inequality is a problem in the United States and UBI or a negative income tax may be a potential solution. But how does UBI fit in with a capitalist system? And how might it affect incentives for people at different levels of income? If the U.S. already provides a variety of social safety nets, moving to a UBI has the potential to increase efficiency and reduce bureaucracy. UBI can be revenue neutral, and it might even reduce overall government spending, but more study is needed. As automation displaces workers and careers, UBI could be the bridge to advance society to the next level.

Episode References

Colorado Proves Housing the Homeless Is Cheaper
Senior Citizens in Japan Are Committing Crimes
Legislation Proposes $2000 a Month for Americans
Piketty's Inequality Story in Six Charts
Richard Wolff on Economic Inequality
The 2 Trillion Stimulus and Where the Money Went
Wikipedia - Milton Friedman
Federal Poverty Level Guidelines
Most Americans Are One Medical Emergency Away from Financial Disaster
World Happiness Report
Jump in Employment Seen Among Medicaid Expansion Enrollees
Genes and Family Are the Biggest Predictors of Academic Success

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.