5min chapter

People I (Mostly) Admire cover image

61. Was Austan Goolsbee’s First Visit to the Oval Office Almost His Last?

People I (Mostly) Admire

CHAPTER

Universal Basic Income

U b i is a policy designed for a world where everyone has lost their job and the robots have replaced us all. The question of, should the redistribution money go primarily to the truly needy, or should it be divided up into smaller packets and handed out to everyone? How about carbon tax? Carbon tax in theory seems interesting. A, raises revenue. B, you tax something that's harming the planet. There are over 200 countries who agree on climate change but not how big it is. You're trying to reduce global greenhouse gas emissions, I don't think this will work. If we applied a tax of ten thousand dollars on every person that we then turned around to give ten thousand dollars

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