Saturday Mar 30, 2024

Scott Santens dispels the myths blocking Universal Basic Income

In this episode I continue my investigation into the pros and cons of Universal Basic Income as a potential solution to the ongoing increases in automation from robotics and Artificial Intelligence and subsequent job losses. In one of my earlier podcasts ‘Income Inequality: We’ve botched it” I showed how the benefits of significant automation and productivity increases afforded by robotics have been funneled into the hands of the top 1% of society, leaving the rest of us in a declining standard of living with most families having to go to dual incomes with less free time just to make ends meet.

In the last episode I interviewed Karl Widerquist to discuss the likely economic impacts of the ongoing AI revolution, and the feasibility of introducing UBI. In the past I’ve also interviewed Mr. Floyd Marinescu, CEO and founder of UBI Works on the feasibility of this concept. Today I’m interviewing a recognized authority on UBI and I’ll be challenging him on some of the more controversial aspects.

Scott Santens has been researching and advocating for the concept of unconditional universal basic income (or UBI) since 2013. He is the Founder and President of the Income To Support All Foundation (ITSA Foundation) and also serves on the board of directors of the Gerald Huff Fund for Humanity and as the editor of Basic Income Today — a daily UBI news hub. Scott was acknowledged by former U.S. presidential candidate Andrew Yang as one of those who helped shape his thinking. He has recently published a book entitled 'Let there be money', about UBI and how to pay for it.

Scott Santens dispels the myths blocking Universal Basic Income

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