Free Money? What a UBI Would Really Do to People ... and Our National Debt

John Stossel on Odysee

“Universal Basic Income” is trendy, but studies show that it makes people work less, and save less.
————
To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe
————
Conrad Shaw, Vice President of the “Income to Support All Foundation,” believes Universal Basic Income will help people start new businesses and invest in home improvements.
But a study backed by Sam Altman (creator of ChatGPT) tested that theory out. They handed 1,000 people, $1,000 for 3 years.
Some of the recipients did make good financial decisions.
But overall, the group ended up a little deeper in debt and had a lower net worth!
I’m not surprised. If you give people free money, they’ll work less. Incentives matter.
But even after this study, UBI proponents still believe a UBI is a good idea.
Is it? Our new video takes a look.
...
https://www.youtube.com/watch?v=cIpGOIc80C4