Will Giving a Universal Basic Income to Everyone End Poverty? Future IQ

Universal basic income is a guaranteed paycheck to everyone in this world. Will it eradicate poverty in India? Will the world become a better place with everyone getting fixed amount of free money? In this episode, we dive deep into this topic and discuss what will be the pros and cons of UBI. Major schemes like PDS, a Public Distribution Scheme also famously known as the Ration Card in India, and MGNREGA, Mahatma Gandhi National Rural Employment Guarantee Act are already implemented in the country. Can UBI be a contender for these schemes? Further, we discuss other alternatives to a fixed incomes such as subsidies. UBI was tested in the villages of India and the results were really surprisingly unexpected. Watch the video till the end to know everything about universal basic income and how does it work? Is it actually a good idea for our country and the world? Let us know your thoughts on this topic in the comments down below. More Videos For You: You Are Not Middle class: https://youtu.be/z4Qf44Ti338 Read This Book: Good Economics For Hard Times By Abhijit Banerjee - https://tapthe.link/goodeconomicsforhardtimes Sources: https://futureiq.substack.com/p/free-money-for-all-a-poverty-fix : https://twitter.com/AaronRichterman/status/1663957463291265032 : Big study of 100+ government UBI programs and impact of those on mortality (fewer people die)! Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter: @ngkabra http://twitter.com/ngkabra @shrikant https://twitter.com/shrikant Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS Watch other episodes of The FutureIQ podcast: https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v 00:00 Universal Basic Income 00:50 Condition Free Money? 02:55 Subsidies Instead Of Income? 04:45 Avoid Leakages? 06:33 Real Objections 13:41 How much money will it take to give money to everyone? 16:04 Would this lead to inflation? 16:46 Real Cons Of UBI 19:04 AI & Technology Problem On UBI #futureiq #universalbasicincome