176. Minouche Shafik — What We Owe Each Other: A New Social Contract for a Better Society
The Michael Shermer Show
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Is There a Universal Basic Income?
As long as the economy is growing maybe two, three % every year, you can afford to take on trillions of dollars a debt. But that rule of thumb may apply for the moment, but it might not apply forever. You have to be prudent in tems of extrapolating. To give people a meaningful universal basic income, you have to raise taxes massively by 20 or 30%. And i think if you take away that work, which is key contribution society, bhati don't make ah, i think ssh, contract breaksdown.
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