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Universal Basic Income: Why They Say You Can't Have It | The Political Vigilante | Graham Elwood

699 views · Published 6 October 2017 · 6:17 · Indexed 10 November 2026

Channel: Graham Elwood · 2017 · News & Politics

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Universal Basic Income: Why They Say You Can't Have It | The Political Vigilante | Graham Elwood

In this video, Graham Elwood examines a Truthdig report on Universal Basic Income (UBI) and how it can be implemented without raising taxes or increasing national debt. Graham breaks down global UBI trials in Finland, Canada, Brazil, and the Netherlands, exploring how automation and AI make a guaranteed income necessary for the 21st century. He discusses central bank monetary financing, economic stimulus benefits, and why a citizen's dividend is essential to prevent mass economic destitution.
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📚 Sources & Further Reading:
1. Truthdig - Universal Basic Income and Funding the 21st Century Economy: https://www.truthdig.com/
2. Oxford Martin School - Future of Employment: How Susceptible Are Jobs to Computerization?: https://www.oxfordmartin.ox.ac.uk/
3. Basic Income Earth Network (BIEN) - International UBI Pilots and Research: https://basicincome.org/
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In this video I discuss the following: 
✅ Truthdig report on implementing Universal Basic Income (UBI) without raising taxes
✅ Artificial intelligence and Oxford University predictions regarding automation taking human jobs
✅ International UBI pilot programs and trials across Finland, Canada, Brazil, and the Netherlands
✅ Debunking the myth that guaranteed income breeds laziness through historical Nixon-era data
✅ Central bank monetary policy, helicopter money, and avoiding economic stagnation
✅ Viewing UBI not as welfare, but as a necessary dividend for living in the 21st century

⏳ Timestamps: 
00:00 - Introduction & Truthdig Report on Universal Basic Income
01:00 - AI Automation, Oxford University Job Projections & Global Pilot Trials
02:15 - Debunking Lazy Welfare Myths: Historical Trials & Improved Health Outcomes
03:50 - Funding UBI: Central Bank Monetary Financing and Helicopter Money
05:15 - A 21st-Century Dividend: Preventing Economic Collapse & Wrap-Up

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