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  • CHARLES: LET'S TALK FREE MONEY.

  • THE NOTION THAT THE GOVERNMENT

  • SHOULD PROVIDE A BASIC INCOME

  • GOES BACK CENTURIES.

  • THEN IT WAS THOMAS PAYNE WHO

  • WROTE SOMETHING ABOUT IT.

  • HE CALLED IT AT CITIZENS

  • DIVIDEND.

  • EVEN CONSERVATIVE ECONOMISTS

  • LIKE MILTON FREEDMAN THOUGHT THE

  • IDEA HAS MERIT.

  • DATE MANY CHAMPIONS BY ELON MUSK

  • AND ON THER TECH TITANS.

  • IN STOCKTON, CALIFORNIA, THEY

  • ARE GOING TO GIVE FOLKS $500 IN

  • BASIC INCOME.

  • WE ARE IN THE MIDST OF A

  • TECHNOLOGY BOOK THAT'S TAKING A

  • LOT OF JOBS, AND SOME THINK

  • THERE IS A PLACE FOR NEW DEAL

  • FOR THOSE PEOPLE DISPLACED BY

  • ARTIFICIAL INTELLIGENCE.

  • BUT PEOPLE NEED TO WORK FOR A

  • NUMBER OF REASONS.

  • STOCKTON'S UNEMPLOYMENT IS 6.6%.

  • 20% OF THE ADULTS DON'T HAVE A

  • HIGH SCHOOL DIPLOMA AND MANY

  • CAN'T SPEAK ENGLISH.

  • ALSO GIVE THEM SKILLS AND

  • INSTILL A SENSE OF PRIDE.

  • THAT'S TO ME IS A UNIVERSAL GOAL

  • THAT'S MORE ENRICHING THAN A

  • HANDOUT.

  • FAMILY BRUCE AND KATIE FRATES.

  • COMPLETE LET ME START WITH YOU,

  • PETER.

  • I HAVE WRITTEN EXTENSIVELY ABOUT

  • THIS.

  • WHAT ARE YOUR THOUGHTS ON THIS.

  • THIS BOOMING IDEA, UNIVERSAL

  • BASIC INCOME.

  • >> I DON'T AGREE WITH IT.

  • I THINK IT MAKES NO SENSE.

  • I THINK WHAT WE SHOULD BE DOING

  • IS WE SHOULD TAKE THE MONEY WE

  • ARE SPENDING ON WELFARE AND

  • POVERTY PROGRAM AND TAKE THAT

  • MONEY AND CONCERT IT INTO JOBS

  • IN THE PRIVATE SECTOR WHERE

  • POSSIBLE, AND THE PUBLIC SECTOR

  • IF THERE AREN'T ENOUGH.

  • SO YOU HAVE PEOPLE WORKING, NOT

  • STAYING HOME AND GETTING A

  • CHECK.

  • PEOPLE WANT TO WORK.

  • IN THE EARLY 1960s, POPE JOHN

  • PAUL II SAID IF YOU TAKE WORK

  • AWAY FROM A MAN YOU DENY HIM HIS

  • SPIRITUALITY.

  • I BELIEVE THAT.

  • YES THERE ARE A FEW BUMS OUT

  • THERE, BUT ALMOST EVERYONE WANTS

  • TO WORK.

  • WHY DON'T WE USE THE MONEY TO

  • HAVE THEM WORK.

  • >> THERE ARE A LOST WORKING POOR

  • IN THIS COUNTRY.

  • SO WHY NOT LET THEM BUFFER THEIR

  • PAYCHECK.

  • THERE ARE FOLKS ON BOTH SIDES OF

  • THE AISLE THAT THINK THAT MIGHT

  • BE THE RIGHT IDEA.

  • >> I'M INTERESTED TO SEE WHEN

  • THESE STUDIES ARE OUT.

  • WHY A SUE TOPIA WON'T BE

  • POSSIBLE AND IF YOU ARE GIVEN

  • SOMETHING QUOTE-UNQUOTE FOR

  • FREE, IT'S STILL COMING FROM

  • SOMEWHERE.

  • IT DOES NOT INCENTIVIZE YOU TO

  • DO MORE.

  • IT ESSENTIALLY ALLOWS YOU TO

  • STAY AND BE

  • IT ESSENTIALLY ALLOWS YOU TO

  • STAY AND BE SLOTHFUL.

  • CHARLES: I REMEMBER FDR'S FOUR

  • FREEDOMS.

  • ONE THAT EASE BOTHERED ME WAS

  • THE FREEDOM FROM WANT.

  • THEY TRIED THIS LAST YEAR IN

  • FINLAND.

  • THE PROGRAM WAS A MISERABLE

  • FAILURE.

  • THEY ARE CONVINCED INCLUDING THE

  • BRILLIANT BILLIONAIRESTH SILICON

  • VALLEY THAT SOMEHOW THIS WILL

  • CREATE A YOU TOAFTER OF SORTS.

  • TAMMY: THESE INDIVIDUALS

  • ACCOMPLISHED A LOT.

  • BUT THEY VIEW SOCIETY IN A

  • DIFFERENT WAY.

  • THIS IS SPRINKLING THE RU BERKS

  • WITH A LITTLE BIT OF MONEY.

  • IT'S LIBERAL CITIES LIKE

  • STOCKTON WHERE THEY HAVE A HIGH

  • POVERTY RATE.

  • WITH THE FAILURE OF THEIR

  • POLICIES.

  • OBVIOUSLY AS WE DISCUSSED, THIS

  • DESTROYS THE HUMAN SENSE OF

  • SELF.

  • IT'S A SENSE OF ENTITLEMENT, BUT

  • MOST OF PEOPLE UNDERSTAND AND

  • ALSO WHEN IT COMES TO GETTING

  • SOMETHING FOR FREE YOU DON'T

  • TAKE IT AS SERIOUSLY.

  • IT'S NOTING A YOU WORKED FOR

  • THAT YOU OWN.

  • BUT I WORRY THAT GOVERNMENT

  • WANTS PEOPLE TO BE IN THAT

  • POSITION EVERYTHING JUST BARELY

  • MAKING IT ENOUGH SO YOU ARE NOT

  • WRIEGHT.

  • BUT YOU HAVE A VOICE.

  • CHARLES: WE SEE THESE EXTREME

  • LEVELS OF INCOME INEQUALITY IN

  • THE MOST OF PROGRESSIVELY RUN

  • CITIES AND STATES IN THIS

  • COUNTRY.

  • TO ME IT PROVES THEIR SCHEMES DO

  • NOT WORK, AND THEY MAKE THINGS

  • WORSE.

  • >> THE WORST THING IS TO KEEP

  • PEOPLE NOT WORKING.

  • THERE WAS A BOOK WRITTEN BY ADAM

  • PERKINS LAST YEAR BY A BRITISH

  • NEUROBOYOLOGIST.

  • HE LOOKED -- A NEUROBIOLOGIST.

  • IT AFFECTS THE BRAIN, IT AFFECTS

  • HOW PEOPLE THINK, THOUSAND THEY

  • ABROACH THE WORLD.

  • IF YOU KEEP PEOPLE JUST

  • RECEIVING A CHECK-IN STEAD OF

  • HAVING THEM WORK, AND USING THE

  • MONEY TO KEEP THEM HOME MAKES NO

CHARLES: LET'S TALK FREE MONEY.

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