What would happen if Australia introduced a Universal Basic Income (UBI)? In this episode of 'Meanderings' Juan and I discuss: would people quit their work and become lazy with a UBI, have we all been tricked into working for others, what would happen if we all received $1000 a month, the difference between a large UBI and small one, why incentives matter, why we need to be careful about Soviet style socialism and the Mere Mortals run for the 2024 presidency.
As always, we hope you enjoy, Mere Mortals out!
Timeline:
0:00 - Mere Mortal Moments
2:44 - Would Universal Basic Income make us lazy?
5:21 - Have we been tricked into being productive?
10:14 - Societal changes with $1000 a month UBI
15:50 - What about for $50,000 a year?
21:22 - Incentives for essential jobs
23:52 - The slippery slope to socialism
30:25 - Mere Mortals Management: economic plan
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Striving for excellence through life's lessons. Daily uploads @ 5pm AEST. 4M's, Book Reviews, Musings, Bonus, Themed Podcast, Conversations & Meanderings.
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