Chapter
The Earned Income Tax Credit as a Conditional Basic Income
1:13:51 - 1:18:25 (04:34)
The earned income tax credit is proposed as a conditional basic income where individuals must learn new skills in order to qualify. This could help supplement the income of hardworking individuals and provide guidance for those who need it.
Clips
It is not just enough to solve financial issues by simply writing a check, people also need a sense of purpose and something to do.
1:13:51 - 1:15:14 (01:22)
Summary
It is not just enough to solve financial issues by simply writing a check, people also need a sense of purpose and something to do. As according to Voltaire, work solves three great ills boredom, vice, and need, and by providing a sense of purpose people can lead a more satisfying life.
ChapterThe Earned Income Tax Credit as a Conditional Basic Income
Episode#141 – Erik Brynjolfsson: Economics of AI, Social Networks, and Technology
PodcastLex Fridman Podcast
The Earned Income Tax Credit can supplement the income of individuals with jobs and benefit employers in hiring more people.
1:15:14 - 1:18:25 (03:11)
Summary
The Earned Income Tax Credit can supplement the income of individuals with jobs and benefit employers in hiring more people. A conditional basic income, where recipients learn new skills, could also be a solution to combating wage stagnation and income inequality.