reare place current welfare system by setting a universal basic income using conversation with jared byrne seen economic advisor to vice president joe biden. >> moderator is indication that generally enjoy talking to each other about issues on which we disagree, and i don't even to the extent of what we disagree on the topic. [inaudible] it's good that you do because otherwise this would be boring topic tonight is universal basic income ubi, i had published a book on this in 2006. i've actually been interested in concept since the 1980s. and i republished a revised version of it this year for a couple of reasons. one is that in 2006, i was saying well we couldn't afford it right now with the same budget we have. but we could afford it by about 2011. i was actually off by a couple of years and we passed the break even point in 2009. but now we're well above break even point we could implement the plan that have in my hands for less money that we have in transfers, and that situation is going to get dramatically worse if you want to think of it that way over the next several years because we