Can we afford [not] to have Universal Basic Income?

The Rational View podcast with Dr. Al Scott

The global economy is in a shambles due to CoVid-19 and millions of workers are suffering with no safety net. The last time the economy tanked like this in 2008 it was due to unregulated greed run amok in the mortgage financing industry. That time, Investment Bankers got a juicy handout to the tune of several trillion dollars approved within hours of the crash. Unemployed Canadian workers have received $2,000 per month since March. In the US today, however, desperate folks who have lost their jobs and health care have received a one-time cheque of $1,200.

This leaves many people calling for a re-assessment of Universal Basic Income. Can our modern economy afford to provide a minimum standard of living to the poor? Will it disincentivize labour? What are the pros and cons?

On this episode I interview Mr. Floyd Marinescu to ask tough questions about Universal Basic Income. Mr. Marinescu is CEO and co-founder of C4Media which provides software development news and learning events serving 1.2M online on InfoQ.com, and 8000 attendees annually via QCon conferences in SF, NY, London, Beijing, Shanghai, and Sao Paulo. Floyd is an angel investor in over a dozen startups, and has built teams and businesses in the US, Canada, China, Brazil, Europe. Floyd is also a CEO activist for universal basic income. He is the founder of CEOs for Basic Income and UBI Works. Go to https://UBIWorks.ca for more info.

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