The idea of using Universal Basic Income to even out perceived wealth inequities is gaining momentum in progressive circles. On the surface, UBI sounds nice. But when you go deeper, you find that it’s just a subtle step towards a socialist utopia.
The following five videos debunk the Universal Basic Income myth and explain why it’s the antithesis of progress.
First up is Ryan Moran, founder and CEO of Capitalism.com
UBI Kills Innovation
Tech industry giants like Facebook, Google, and Tesla, are unified in their quest for Universal Basic Income. However, as Moran explains, innovation leads to growth thereby reducing the need for UBI.
The next video comes from Dr. Peter St. Onge
UBI and the National Debt
Dr. St. Onge, an economist and lecturer, suggests that UBI is merely a “pipe dream.” Knowing the idea could possibly add $3.6 trillion annually to the national debt, it seems more like a nightmare.
Next up is conservative author and speaker Ben Shapiro.
While not early as lengthy as some of the other videos, Shapiro still manages to close the door on the UBI myth. In fact, it only takes him two minutes to prove why “helicopter cash” is a bad idea.
Although Shapiro summed up the myth well, Seth Harris hits the nail on the head.
Dignity in Work
Speaking on Fox Business, former Secretary of Labor Seth Harris said Universal Basic Income chips away at the values that make America strong. According to Harris, and we agree, people derive self-worth and purpose from their work.
The final video, though a bit long, debates the merits of Universal Basic Income.
The UBI Debate
In the interest of fairness (because fair is good, right?), we are posting a video from Charles Murray of the American Enterprise Institute and Jared Bernstein from the Center on Budget and Policy Priorities who debate the pros and cons of the subject.
So, now that you’ve heard more about Universal Basic Income, we want to hear from you. Is UBI socialism disguised as progress or is it just social progress?
Share your thoughts in the comments and join the conversation on our Facebook page.