Government

Is A Universal Basic Income Really Possible?

News: The Curiosity Podcast is here! Subscribe on iTunes, Stitcher, Google Play Music, SoundCloud and RSS.

The idea of a universal income is simple: every citizen of a country gets a certain amount of money from the government. Beyond that, though, things get complicated. Would that make people stop working? Would the government go bankrupt? Hear some perspectives on these questions in the videos below.

Advertisement

Love getting smarter? Sign up to our newsletter and get our best content in your inbox!

The Benefits Of Universal Basic Income

According to Anthony Painter, a universal basic income could smooth the ongoing transition into a tech-based economy.

Share the knowledge!

What's The Difference Between Universal Basic Income and Welfare?

One big difference: stigma.

Share the knowledge!

Why Do We Pay Income Tax?

Find out how taxes work, and how the system was put in place to make you file income taxes every year.

Share the knowledge!

Key Facts In This Video

  1. The concept of taxation dates back to the time of Mesopotamia and Egypt's Old Kingdom. 01:03

  2. Employers are required by law to withhold income tax and deposit the money in a Federal Reserve bank. 02:22

  3. Under a flat tax system, everyone pays taxes at the same rate. 03:38

Advertisement