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


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Jun 16 2020 51 mins   2
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 Guildelines Most Americans Are One Medical Emercency Away from Financial Disaster World Happiness Report Jump in Employment Seen Among Meicaid Expansion Enrollees Genes and Family Are the Biggest Predictor 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.