To tout universal basic income, presidential candidate puts skin in the game

[the other mike]

Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News. Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

Presidential candidate paying $1,000 universal basic income

Here he is with Joe Rogan recently.

 

[JBond]

Lol... two families? The second coming of the Lord, Jesus Christ.

 

[Deplorable Yankee]

ill be needing 5 grand a week ....and a pony

 

[the other mike]

In spite of the predictable cackling and giggling, it's a pretty good interview.

Andrew Yang wants Universal Basic Income because we are experiencing the greatest technological shift the world has ever seen. By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their job to automation in the next 12 years. Our current policies are not equipped to handle this crisis. Even our most forward-thinking politicians are unprepared.

As technology improves, workers will be able to stop doing the most dangerous, repetitive, and boring jobs. This should excite us, but if Americans have no source of income—no ability to pay for groceries, buy homes, save for education, or start families with confidence—then the future could be very dark. Our labor participation rate now is only 62.7% – lower than it has been in decades, with 1 out of 5 working-age men currently out of the workforce. This will get much worse as self-driving cars and other technologies come online.

Andrew’s version of UBI—funded by a simple Value Added Tax—would guarantee that all Americans benefit from automation, not just big companies. UBI would provide money to cover the basics for Americans while enabling us to look for a better job, start our own business, go back to school, take care of our loved ones or work towards our next opportunity.
https://www.yang2020.com/what-is-ubi/

 

[BluesLegend]

Where is this free money coming from?

 

[BluesLegend]

By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their job to automation in the next 12 years.

No, stupid shit liberal taxes and regulations are destroying those jobs. Ban liberals, problem solved.

 

[BuckToothMoron]

Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News. Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

Presidential candidate paying $1,000 universal basic income

Here he is with Joe Rogan recently.

$1000 x (327million people/2.6 people per family) x12 months per year = $1.5 trillion dollars per year.

The Treasury Department reported this week that individual income tax collections for FY 2018 totaled $1.7 trillion.

We already have a massive deficit. Where do we get another $1.5 trillion to pay for Ying Yang’s $1000/month gift?

 

[Admiral Rockwell Tory]

Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News. Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

Presidential candidate paying $1,000 universal basic income

Here he is with Joe Rogan recently.

$1000 x (327million people/2.6 people per family) x12 months per year = $1.5 trillion dollars per year.

The Treasury Department reported this week that individual income tax collections for FY 2018 totaled $1.7 trillion.

We already have a massive deficit. Where do we get another $1.5 trillion to pay for Ying Yang’s $1000/month gift?

Easy! They will just raise the income tax another $1.5 trillion. Problem solved! Those who pay taxes will be paying their own basic income. Those who lazy incompetent slugs and morons (In other words, Democrats) will be getting their money and pay no taxes.

 

[Admiral Rockwell Tory]

He better ensure that no one in those families bother to vote for anyone, or he could be subject to bribery for votes!

 

[TroglocratsRdumb]

Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News. Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

Presidential candidate paying $1,000 universal basic income

Here he is with Joe Rogan recently.

That would cost about 3,600,000,000,000 per year.
It would create massive inflation.

 

[The Original Tree]

North Korea has Guaranteed Income

 

[Claudette]

LMAO That has got to be the most idiotic idea I've ever read.

Man has to be a clown.

 

[the other mike]

By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their job to automation in the next 12 years.

No, stupid shit liberal taxes and regulations are destroying those jobs. Ban liberals, problem solved.

Yes, stupid shit ....automation and AI.

 

[martybegan]

Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News. Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

Presidential candidate paying $1,000 universal basic income

Here he is with Joe Rogan recently.

That's not even a bench scale experiment, and since it doesn't use tax money it's not a true test.

UBI is a moronic idea. When you subsidize doing nothing, you will get more of doing nothing.

 

[BluesLegend]

By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their job to automation in the next 12 years.

No, stupid shit liberal taxes and regulations are destroying those jobs. Ban liberals, problem solved.

Yes, stupid shit ....automation and AI.

Of course, since its economically not viable for a human to do the work after you mooches siphon off the money via taxes, fees, and oppressive regulations.

 

[the other mike]

By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their job to automation in the next 12 years.

No, stupid shit liberal taxes and regulations are destroying those jobs. Ban liberals, problem solved.

Yes, stupid shit ....automation and AI.

Of course, since its economically not viable for a human to do the work after you mooches siphon off the money via taxes, fees, and oppressive regulations.

I realize it's fun to get pissed and blame others for whatever is going wrong,
but I'm just posting an article. When your mail man drops off an electric bill that's too high do you punch him in the face ?

 

[Crixus]

Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News. Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

Presidential candidate paying $1,000 universal basic income

Here he is with Joe Rogan recently.

Who can live on a thousand bucks a month? Do these families work? Do they receive any government assist at all? Around here, rent in a shit ass apartment in south Houston will run close to a thousand a month. Average electric bill is abou $150. As for food, single I can do eating on about $80 bucks a month. Not so with a family, as you have to feed children real food, so that will be about $500 a month, more for normal people. So then, what is $1000 bucks a month in the scheme of things?

 

[Bootney Lee Farnsworth]

Andrew Yang, an entrepreneur and presidential candidate, wants to give every American adult $1,000, every single month.

To test a universal basic income program, Yang is giving two families, one in Iowa and one in New Hampshire, $1,000 a month out of his own pocket, according to CBS News. Yang is running as a Democrat and both states are early primary contests for the 2020 presidential nomination.

Presidential candidate paying $1,000 universal basic income

Here he is with Joe Rogan recently.

Wow.

Who gets UBI and who pays for it?

 

[the other mike]

Who can live on a thousand bucks a month? Do these families work? Do they receive any government assist at all? Around here, rent in a shit ass apartment in south Houston will run close to a thousand a month. Average electric bill is abou $150. As for food, single I can do eating on about $80 bucks a month. Not so with a family, as you have to feed children real food, so that will be about $500 a month, more for normal people. So then, what is $1000 bucks a month in the scheme of things?

He explains in more detail in the OP interview.

A universal basic income, which Yang calls “The Freedom Dividend,” would help alleviate poverty and address the disruption from AI and automation, according to his campaign website.

“This would enable all Americans to pay their bills, educate themselves, start businesses, be more creative, stay healthy, relocate for work, spend time with their children, take care of loved ones, and have a real stake in the future,” according to the website.

Universal basic income is not a new idea, and neither are concerns about automation displacing large numbers of workers.

In 2016, startup accelerator Y Combinator and its president Sam Altman gave $1,500 a month to 100 Oakland families. The following year, the company announced it was expanding that test to 3,000 people — 1,000 will get $1,000 a month, and the rest will get $50.

On a website explaining the study, the company says, “Basic income is a bold idea to end poverty, improve economic security, and smooth the transition as technological advances and economic dynamics reshape the nature of work.”

 

[Crixus]

Who can live on a thousand bucks a month? Do these families work? Do they receive any government assist at all? Around here, rent in a shit ass apartment in south Houston will run close to a thousand a month. Average electric bill is abou $150. As for food, single I can do eating on about $80 bucks a month. Not so with a family, as you have to feed children real food, so that will be about $500 a month, more for normal people. So then, what is $1000 bucks a month in the scheme of things?

He explains in more detail in the OP interview.

A universal basic income, which Yang calls “The Freedom Dividend,” would help alleviate poverty and address the disruption from AI and automation, according to his campaign website.

“This would enable all Americans to pay their bills, educate themselves, start businesses, be more creative, stay healthy, relocate for work, spend time with their children, take care of loved ones, and have a real stake in the future,” according to the website.

Universal basic income is not a new idea, and neither are concerns about automation displacing large numbers of workers.

In 2016, startup accelerator Y Combinator and its president Sam Altman gave $1,500 a month to 100 Oakland families. The following year, the company announced it was expanding that test to 3,000 people — 1,000 will get $1,000 a month, and the rest will get $50.

On a website explaining the study, the company says, “Basic income is a bold idea to end poverty, improve economic security, and smooth the transition as technological advances and economic dynamics reshape the nature of work.”

Hm. Well, wouldn’t the money be better spent teaching people like me to operation and maintain the machines that are replacing us? Not having allot of faith in this idea. Look at the EIC. Don’t know for sure, I think that’s gone now, but folks basically got a thousand bucks a kid. A chick working part time at McDonalds could look toward to getting a $5,000 tax refund. That was supposed to do all the stuff the universal income is supposed to do, when all it did was flood pawn shops with flat screen TV’s by mid April. I think the money can be better spent making Americans useful again.