Based Camp with Simone Malcolm Collins
@simoneandmalcolm·73.7K subscribers·1K videos
The Biggest UBI Experiment in History Failed: The Cover Up
Posted
October 7, 2024
Views
10,663
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626
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October 7, 2024
10,663
626
390
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1:12:32Now PlayingIn this episode, hosts engage in a detailed discussion about a Universal Basic Income (UBI) study, exploring its outcomes and societal implications. The study, funded by Sam Altman of OpenAI, provided $1,000 monthly to participants over three years. Contrary to expectations, the recipients had $3,000 less wealth than those not receiving the funds, indicating potential negative impacts of UBI on financial security. They delve into how this aligns with human nature, the role of financial literacy, and broader implications for economic policies and future societal structures amidst AI advancements. The video also critiques media representation of the study and questions the reliability of objective reporting. The hosts connect UBI's potential impacts to larger themes of work, leisure, and purpose in an AI-dominated future.
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