Universal Basic Income or (UBI) is becoming an increasingly popular idea. However, regardless of what one calls it, a UBI is still a form of wealth redistribution and retains the key problem of Socialism. In this video, I respond to a defense of UBI put out by inequality media.
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Freedman, D. H. (2016). Basic Income: A Sellout of the American Dream. MIT Technology Review. 119(4), 48-53.
Schneider, H. (2017). Universal Basic Income—Empty Dreams of Paradise. Intereconomics/Review of European Economic Policy, 52(2), 83-87.
Sowell, T. (2014). Basic Economics. New York: Basic Books.
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