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Hi, I'm Anthony Galli and Bernie Sanders was asked recently
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if he supported a Universal Basic Income and here was his response...
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I understand that idea and I have a better idea… I think in a nation in which there
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is so much work to be done… just think about it… You got an infrastructure which is crumbling,
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we can put millions of people to work doing that, transforming our energy system, in terms
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of weatherizing homes all over this country, building a more efficient transportation system,
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putting more money into wind and solar and other sustainable technologies we can create
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millions of jobs doing that. You want a world-class child care center? You need well-educated,
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well-trained, well-paid child care workers. We need more doctors in rural areas and in
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urban areas we need more nurses. We have a dental crisis all over this country. We need
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to train dentists and get them out there. We need more social workers. You want to reform
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our criminal justice system? You are gonna need people to start working with prisoners.
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You want kids not dropping out of high school? You need mentors working with them. There
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is an enormous amount of work to be done and what we believe in is guaranteeing a job in
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this country to anybody who is prepared to work. I think that's the better approach!
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I think Bernie is 50% correct. As I said in a previous video: AS LONG AS THERE ARE PROBLEMS
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IN THE WORLD THERE IS A JOB TO BE DONE. Bernie highlighted some of those problems and for
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fun I'll throw a few more into the mix: We have HUNDREDS OF THOUSANDS of people illegally
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crossing the border between legal ports of entry every year. Let's hire thousands
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of more border patrol agents. We have courts that are so backed up by legal cases that
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defense attorneys often pressure their clients to take plea deals.
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Let's hire more judges so our legal system can be more just. We have police officers who are
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overworked and undertrained, especially in our inner cities. Let's hire more police.
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We have cities covered in rust, graffiti, and liter. Let's put people to work beautifying
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our cities through the use of artwork and cleanup and reimagining unused public spaces.
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Who will rule the world depends upon who will win the AI arms race between the United States
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and China. We MUST train and hire more engineers. Let's also explore space! This alone has
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the potential to create as many jobs as there are stars. => Those are just a few ideas.
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I welcome you to include more in the comments if you'd like. And don't get me wrong, I've
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been writing for years about the threat automation presents to labor, but let's not ignore
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the problems right under our noses by becoming fixated on the horizon. Now where I disagree
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with Bernie is on a “Job Guarantee”. The idea of a Job Guarantee is that it aims to
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=> create full employment and price stability, by having the state promise to hire unemployed
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workers as an employer of last resort. => Now on paper this may sound like a good idea,
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but in reality it would destroy our economy. And here's why… The American political
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left would NOT use the federal government strictly as an ELR. No, no, no. You could
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be guarding a garbage can and Bernie Sanders would want to pay you a “living wage”
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plus benefits. According to his Jobs-for-All plan, “Sanders wants the government to provide
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guaranteed jobs at $15 an hour, plus benefits.” Private companies wouldn't be able to compete
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with such a cushy offer from the federal government. Just look at the math: 44% of Americans make
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under $15 an hour. 44%! This means it would be in the economic self-interest of over 50
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million Americans to line up for a government job. Businesses will therefore be forced to
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dramatically increase their pay in order to keep their workers from leaving to go work
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for the government, but labor is already the largest cost for business with 50% of businesses
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going out of business in their first 5 years. And the first businesses to close won't
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be Walmart and Amazon as some on the left would like to imagine. Instead it will be
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Mom & Pop shops and startups. There is a reason why Walmart ACTIVELY lobbies for a higher
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minimum wage and it's because they know it kills their competition. You see big business
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loves big government. The 1% love the 1%. So if Bernie gets his way we'll all live
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like small cogs working for a highly inefficient government bureaucracy or a highly inefficient
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corporate monopoly. Then after the small fish die a lot of the big fish will eventually
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leave/die too. => The Cycle: Businesses close/move-abroad => Government hires => Taxes rise => Businesses
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close/move-abroad => Government hires => Taxes rise => etc… (eventually
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economic collapse) => Not to mention that as more and more of the labor force is made
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up of government workers they'd have more and more political leverage to demand even
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higher pay. It's like if you worked for a business where you had the ability to vote
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for your boss. You'd end up with a boss who expects little and pays a lot. Such a
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business would quickly go out of business, but since we are talking about the government
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they don't have to worry about that problem. I believe a far more practical solution than
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a guaranteed income or guaranteed job is for the government to focus on keeping unemployment
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below 5% — when it rises: cut taxes/increase spending — when it drops: increase taxes/cut
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spending. Economists think in terms of percentages. Voters prefer absolutes.
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But if these “guarantees” were so smart then why haven't they been implemented by
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the socialist Meccas, such as Norway and Sweden? Or why weren't they implemented long ago?
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Inequality is not new. In fact it is the historical norm. It's because they aren't actually
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smart proposals, but are the sort of policy proposals that sound smart to an ever-growing
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number of ignorant voters who can't even name the 3 branches of government and yet
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have the arrogance to vote for who gets to sit in those branches. We live in a country
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where the “right to vote” outweighs the responsibility to get informed first, which
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means if you're a politician all you have to do is promise FREE and GUARANTEED and you'll
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be labeled a “visionary” by a media that panders to the lowest common denominator.