Johann Rupert: Job Losses UBI

Billionaire businessman Johann Rupert Money Quote saying that because automation is displacing so many workers, we must institute a universal basic income (UBI). Johann Rupert said:
 

 

“In order to mitigate the job losses through automation, we will have to talk about forms of unconditional basic income” — Johann Rupert

In this quote, Johann Rupert is acknowledging that the rise of automation and artificial intelligence could significantly reduce the number of available jobs in the future. To help address this problem, he suggests that societies will need to “talk about forms of unconditional basic income.”

By this, Rupert appears to mean that governments may need to provide some kind of universal basic income or minimum standard of living for all citizens, regardless of whether they are employed or not. The quote implies Rupert sees a basic income system as a potential policy solution to mitigate the societal impacts and job losses that could accompany widespread automation and the replacement of human labor by machines.

Andrew Yang: Transform Economics

Andrew Yang Money Quote saying UBI would create a transformation in our economy for millions of people. Andrew Yang said:
 

 

“A universal basic income would enable millions of Americans to meaningfully transition in the time of economic transformation, including that brought by AI, and it would improve our strength, health, and mental health; kids’ ability to learn; our civic engagement; and our public trust, confidence, and optimism” — Andrew Yang

In this quote, Andrew Yang seems to be outlining some of the potential benefits he believes a universal basic income (UBI) could provide in the context of ongoing technological changes including advances in artificial intelligence (AI). Specifically:

• Yang argues UBI would help “millions of Americans” successfully transition and adapt their work and skills as AI disruption transforms the economy and job market over time.
• He also contends it could positively impact individuals’ “strength, health, and mental health”, as well as children’s education outcomes and civic participation through reducing financial stress.
• Yang implies UBI may boost public “trust, confidence, and optimism” by providing a foundation of economic security during massive shifts.

The best interpretation is that Yang views UBI as a policy tool that could help cushion society from the challenges of technological disruption by giving people a buffer to reskill or retrain as needed, while also enhancing well-being, learning and social cohesion during times of uncertainty and transition according to potential outcomes he outlines.

Elon Musk: Physical Work Choice

Elon Musk Money Quote saying sometime in the future, we will have the choice whether to do manual labor and will require basic income. Elon Musk said:
 

 

“Essentially, in the future, physical work will be a choice. This is why I think long term there will need to be a universal basic income” — Elon Musk

In this quote, Elon Musk is further expanding on his view that advances in automation and AI will significantly reduce the need for human physical labor over the long run. He suggests that as machines are increasingly capable of performing physical tasks, work involving manual labor or movement will become optional for humans rather than a necessity out of economic demands. Musk implies that a future with very high levels of automation may make physical work more of a personal choice than an obligation.

Given this potential scenario, he reiterates his belief that some form of universal basic income will likely be required to support citizens, since automation may eliminate the need for much human physical work and the jobs that currently depend on it. So in essence, Musk is connecting the dots between increasing automation, declining demand for human physical effort, and the probable long-term need for a basic income system as a result

Marco Rubio: Child Basic Income

Marco Rubio Money Quote saying he believes the child tax credit form pandemic relief plan could be the beginning of universal basic income. Marco Rubio said:
 

 

“The Biden administration’s new child allowance is wealth redistribution and the first step toward a universal basic income, because it includes no work requirement” — Marco Rubio

Senator Rubio seems to be arguing that the new child allowance could lead to a universal basic income program, where the government provides a set amount of money to all citizens regularly with no requirement to work.

Supporters of a universal basic income believe it could help reduce poverty and inequality, while critics argue it may discourage people from seeking employment.

Reasonable people can disagree on this complex issue. As with any new policy, its actual effects would depend on how it was implemented and whether work requirements were added over time.

Andrew Yang: U.S. Resources UBI

Andrew Yang Money Quote saying in his Presidential platform for the 2020 race, UBI – or as he calls it, ‘The Freedom Dividend’ – would radically change the U.S. economy. Andrew Yang said:
 

 

“We have plenty of resources, they’re just not being distributed to enough people right now. Let’s build a new kind of economy – one that puts people first. If there’s one policy that would transform American lives for the better, it is Universal Basic Income” — Andrew Yang

Andrew Yang is saying that the United States already has enough overall resources and wealth, but it is not distributed fairly to benefit all citizens. He argues that we should create a new economic system that prioritizes people’s well-being over other factors.

Yang believes that implementing a universal basic income (UBI), where all citizens receive a set amount of money regularly from the government, would be the single most impactful policy for improving lives.

A UBI could help address economic insecurity and inequality by providing everyone with a baseline level of financial support to meet basic needs. Yang sees this as a way to “build a new kind of economy” that values people’s welfare above all else.

Andrew Yang: UBI for Capitalism

Andrew Yang Money Quote saying Universal Basic Income will be required to preserve our capitalistic way of life. Andrew Yang said:
 

I’m a capitalist, and I believe that universal basic income is necessary for capitalism to continue
— Andrew Yang

Andrew Yang is arguing that for capitalism itself to survive and thrive into the future, a universal basic income may be necessary. As a capitalist, Yang believes that capitalism has benefits but that technological changes like automation risk disrupting the job market and economy in ways that could undermine capitalism.

By providing everyone with a basic income, it could ensure people still have money to spend in the economy to drive consumer demand, even as the nature of work changes. So in Yang’s view, a universal basic income could help address challenges to capitalism from trends like automation and allow the capitalist system itself to continue functioning effectively going forward.

Scott Santens: Human Rights Day UBI

Scott Santens Money Quote saying that December 10, 1948 – the United Nations General Assembly voted to support a minimum standard of living and health care as basic human rights. Scott Santens said:
 

 

“69 years ago today, the world came together to declare human beings had a human right to “an adequate standard of living,” and to this day, no nation has yet recognized that right with both universal health care & basic income” — Scott Santens

Scott Santens is referring to the Universal Declaration of Human Rights adopted by the UN on December 10, 1948, which declared that everyone has the right to an adequate standard of living.

However, Santens argues that to this day, no country has fully realized and implemented that right by providing both universal healthcare coverage and some form of basic or universal income for all citizens. While some nations may have one or the other, no place has established both as human rights that ensure all people can afford their basic needs like health and living expenses.

Santens is criticizing the gap between proclaiming economic rights and actually fulfilling them in a comprehensive way through policy that guarantees healthcare and a minimum income floor for every person.

69 years ago today, the world came together to declare human beings had a human right to "an adequate standard of living," and to this day, no nation has yet recognized that right with both universal health care & basic income. https://t.co/iO0Vm1tLT8 #basicincome #HumanRightsDay pic.twitter.com/49RICUU6RX

— Scott Santens (@scottsantens) December 10, 2017

Hillary Clinton: Modest Basic Income

Hillary Clinton Money Quote saying in her book ‘What Happened’ that UBI makes sense to her and she considered running on that concept. Hillary Clinton said:
 

 

“You can provide every American with a modest basic income every year. Besides cash in people’s pockets, it would also be a way of making every American feel more connected to our country and to one another – part of something bigger than ourselves” — Hillary Clinton

In this quote, Hillary Clinton seems to be expressing support for the idea of implementing a universal basic income program in the United States. She suggests that providing all Americans with a “modest basic income every year” in the form of direct cash payments could achieve multiple goals.

Clinton believes it would literally put more money in people’s pockets through a basic level of financial support. But she also argues it could help foster greater social cohesion by making every citizen feel more invested in the nation and connected to their fellow Americans as members of a shared national community.

Clinton’s statement implies a basic income could address both economic security and social solidarity by giving all people a foundation of financial resources while also strengthening shared bonds of national identity.