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Today, Explained

$$ FREE MONEY FREE MONEY $$

Today, Explained

Vox

News, Daily News, Politics

4.310.3K Ratings

🗓️ 1 November 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

What if the government just gave everyone money? No strings attached. Crazier things have happened. Nixon even tried to implement such a program once. The Atlantic's Annie Lowrey explains how universal basic income could work. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Before we start the show, a note about another show. It's called Unuraced. It's a new podcast about

0:05.7

the history of conversion therapy in America. We're talking about trying to turn gay people straight.

0:12.9

The show is from the boss, the Don, the godfather of good podcasts,

0:16.6

Chad Abumrod. He's the creator of Radio Lab. The first episode features Gared Conley,

0:20.9

who you might know from his memoir Boya Raced, which is a movie you can see soon.

0:25.4

Unuraced comes out tomorrow, but the trailer is out now. So look for it in your podcast app or on

0:31.5

your machine. Subscribe and get ready for the show tomorrow. Unuraced.

0:45.2

You BI. It's not an infection. It's free money, universal basic income, giving money to every

0:52.7

citizen guaranteed income from the government. Something so nice sounding that it must be Scandinavian.

0:58.9

There couldn't be anything more generous, right? Anything more welfare state. But this election

1:04.9

season, we've seen UBI discussed in mainstream American politics. People like Corey Booker and

1:11.6

Kamala Harris are seriously talking about this. What does we do? Is it would provide a kind of

1:17.2

social insurance that we don't have? Any Lowry writes for the Atlantic and she's now written a book

1:22.8

about universal basic income. It's called Give People Money. Right now we have a social welfare system

1:29.2

that sort of identifies people by circumstance and provides them with aid depending on whether you

1:34.8

qualify. Where's this? This is just a universal policy. How universal is it? Is it like the super

1:41.7

rich get it? Is it like a two year old gets it? Where are the limits to a universal basic income or

1:47.4

are there none? So people debate that. Some people say literally everybody should get it including

1:54.1

non-citizens. Some people say the only circumstance that would qualify you for it would be poverty and

2:01.4

it would be somewhat smaller. So Richard Nixon was really into that idea of all people. How into it

2:07.5

was Nixon? Super into it. So you know Nixon was coming after not just the New Deal in the great

2:18.4

society but the war on poverty. Okay. And so in his 1971 state of the Union address he said,

...

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