The key idea of the video is that while Universal Basic Income (UBI) has the potential to alleviate poverty and provide for citizens’ basic needs, it is a costly endeavor that may lead to inflation, devalue the currency, and have negative effects on social cohesion.

00:00 Universal Basic Income (UBI) is the idea of giving people enough money to cover their basic needs, eliminating poverty and providing for every citizen, which is especially important in a wealthy country like ours where people are still living on the streets.

� 00:44 UBI would cost around $3 trillion a year, making it the most expensive item in the federal budget.

� 01:01 Taxes would have to increase by 74% or a 10% value-added tax would need to be implemented to fund Universal Basic Income, but it is unlikely that Americans would agree to such […]

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