Free Money for Everyone! It’s Your Dime Interview with Antony Sammeroff
We’ve seen growing support for a universal basic income or UBI. In a nutshell, the government would pay every citizen a set amount of money without any means testing or work requirement. Democratic Party presidential candidate Andrew Yang has made UBI a central issue in his campaign. Under his plan, every American over the age of 18 would get $1,000 per month, guaranteed. This sounds great, doesn’t it? Who doesn’t want free money? But the plan raises a few questions — like how would the government pay for it?
In this episode of It’s Your Dime, host Mike Maharrey talks with Antony Sammeroff, author of the book “Universal Basic Income: For and Against.” They discuss the pros and cons of UBI and delve into some of the economic ramifications.
Antony is the author of several books and the host of the Scottish Liberty Podcast.
- What UBI is UBI and how would it work?
- Why it’s being proposed?
- The economic ramifications of a UBI
- The possible unintended consequences of implementing UBI
- Will technology really displace workers?
- The case against UBI
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing, politics and economics.
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NOTE: The opinions expressed by guests on It’s Your Dime do not necessarily reflect those of SchiffGold. Peter Schiff or Mike Maharrey
Antony’s Twitter @AntonySammeroff