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
Kamala Harris is favored to be our next president. So what’s her track record?
As Vice President, Harris repeatedly cast tie-breaking votes to spend more of your money. She was in favor of expensive policies like government taking over all health care. But now that she’s running for President, she’s flip-flopped on that and many issues including: Fracking, mandatory gun buyback programs, policing, and marijuana laws.
She also advocates radical ideas like pushing “equity” instead of equality, and embraces the word “woke.” Our new video covers some of Kamala Harris’ hypocrisies and confusions.
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.
————
To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe
————
From StosselTV
Robert F. Kennedy Jr. wins applause for criticizing government lockdowns, deficit spending, and saying America shouldn’t try to police the world. It made me want to interview him. So I did.
If elected, Kennedy says he’ll cut things like military spending and some functions of the Department of Education. He also claims to be in favor of free market solutions to climate change. But at the same time, he wants to continue funding Israel and “phase out” fracking.
Is he really as pro-liberty as he says? Our video will help you decide.
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.
————
To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe
————
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