John Stossel
Free Money? What a UBI Would Really Do to People … and the National Debt
From StosselTV
“Universal Basic Income” is trendy, but studies show that it makes people work less, and save less.
Conrad Shaw, Vice President of the “Income to Support All Foundation,” believes Universal Basic Income will help people start new businesses and invest in home improvements.
But a study backed by Sam Altman (creator of ChatGPT) tested that theory out. They handed 1,000 people, $1,000 for 3 years. Some of the recipients did make good financial decisions. But overall, the group ended up a little deeper in debt and had a lower net worth!
I’m not surprised. If you give people free money, they’ll work less. Incentives matter. But even after this study, UBI proponents still believe a UBI is a good idea. Is it?
Our new video takes a look.
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
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Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.
Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.
Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.
Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe ————
From StosselTV
Pollution, homophobia, racism, hate; activists claim everything is getting worse. The opposite is true. But if they admit that how would they raise money?
“For activists, success is a threat,” journalist John Tierney explains. “It is going to put you out of business unless you find a new cause.”
Tierney has covered activists for years and watched them move from one cause to another. “But it’s not a business,” I push back. “They’re not making money doing this.” “Oh, yes, they are,” replies Tierney. Lots!
Our new video looks at how these activist groups raise billions of dollars, the consequences of their activism, and why we fall for their scares.
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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe
————
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
——————————————
Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people. Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.
Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.
Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club.
Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
From StosselTV
A mother was ARRESTED for letting her 8-year-old son walk half a mile home. Prosecutors said she put her kid “in imminent danger of death.” Really?
The police argued it is too dangerous for a kid to walk alone in his own neighborhood. The data show otherwise. Being in a car is 200 times more dangerous than the risk of getting kidnapped. There are only about FIVE stranger abductions per year, according to: https://www.missingkids.org/content/d… In contrast, traffic deaths averaged 2,386: https://wisqars.cdc.gov/reports/?o=MO…
Lenore Skenazy, author of “Free Range Kids,” points out that irrational fear makes parents and authorities overreact, and keep kids from going out and learning about the world. For the full story, you can watch our video here.
————
To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe
————
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
——————————————
Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.
Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.
Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.
Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
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