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

[McRocket]

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 equal $3 trillion per year (250 million adults X $12,000 per year).
You could save about $1.3 trillion by ending Social Security and welfare...but you are still short $1.7 trillion per year.

But you cannot live in a major city on $1,000 per month...unless you share an apartment with several people. Hardly living with dignity.

Plus, what about children? $1,000 a month won't come near the money a single parent would need.
So you are going to have to also give, say, $500 per child...which would push the cost up another $400 billion or so.
That brings the total to $2.1 trillion added to the present deficit (which is already ridiculous).

Where does this guy propose to get ALL of this money from?

 

[Bootney Lee Farnsworth]

More like Robin Hood taking from mobsters in our case.

Oh, so we from whom you take are CRIMINALS and you are JUSTIFIED in stealing from us, is that it?

.

 

[Cecilie1200]

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.

And this is supposed to provide us with what useful information applicable to a nation of 300 million plus people?

 

[Bootney Lee Farnsworth]

Irrelevant.

Still does not justify theft by government.

.

 

[Cecilie1200]

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/

Same question as before.

 

[the other mike]

"Where does this guy propose to get ALL of this money from ?"

 

[Cecilie1200]

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.”

Whenever you're done "reporting" his self-masturbation over the "wonders and glories" his idea will produce, perhaps we could get down to some actual discussion of how this would ACTUALLY work with taxpayer dollars and hundreds of millions of people. Is that a thing that could happen, or are you too busy fapping with Mr. Yang?

 

[Cecilie1200]

North Korea has Guaranteed Income

View attachment 253741

North Korea was bombed back to the stone age by us in the 1950's.....
using them as a comparison here shows you either have amnesia or
you're too lazy to learn history.

Hey, Mr. History Professor. I seem to recall Japan taking a MUCH worse bombing in the 1940s, but I'm pretty sure THEY have lights and other modern amenities. Since you like to twit yourself on your history "knowledge", perhaps you recall that, as well.

 

[Bootney Lee Farnsworth]

Still waiting on justification for theft by taxation.

So far, all I have is "cuz muh, bunch of people."

That seems to be the cause of ALL problems. Too many people.

So, that means the solution is WAR and GENOCIDE???

Very well, I agree.

.

 

[the other mike]

Hey, Mr. History Professor. I seem to recall Japan taking a MUCH worse bombing in the 1940s, but I'm pretty sure THEY have lights and other modern amenities. Since you like to twit yourself on your history "knowledge", perhaps you recall that, as well.

Between 1946 and 1952, Washington invested $2.2 billion — or $18 billion in real 21st-century dollars adjusted for inflation — in Japan's reconstruction effort. We didn't give N. Korea shit, after we killed a third of the population, wiped out their bridges and nearly entire infrastructure including the only source of electricity .Attack on the Sui-ho Dam - Wikipedia

 

[Bootney Lee Farnsworth]

Hey, Mr. History Professor. I seem to recall Japan taking a MUCH worse bombing in the 1940s, but I'm pretty sure THEY have lights and other modern amenities. Since you like to twit yourself on your history "knowledge", perhaps you recall that, as well.

Between 1946 and 1952, Washington invested $2.2 billion — or $18 billion in real 21st-century dollars adjusted for inflation — in Japan's reconstruction effort. We didn't give N. Korea shit, after we killed a third of the population, wiped out their bridges and nearly entire infrastructure including the only source of electricity .Attack on the Sui-ho Dam - Wikipedia

Are you saying the reason NK is a shithole is because we didn't rebuild them after the war?

.

 

[the other mike]

Whenever you're done "reporting" his self-masturbation over the "wonders and glories" his idea will produce, perhaps we could get down to some actual discussion of how this would ACTUALLY work with taxpayer dollars and hundreds of millions of people. Is that a thing that could happen, or are you too busy fapping with Mr. Yang?

Do you ask that when they're spending $750 billion a year of our money on a bloated military ?

 

[the other mike]

Hey, Mr. History Professor. I seem to recall Japan taking a MUCH worse bombing in the 1940s, but I'm pretty sure THEY have lights and other modern amenities. Since you like to twit yourself on your history "knowledge", perhaps you recall that, as well.

Between 1946 and 1952, Washington invested $2.2 billion — or $18 billion in real 21st-century dollars adjusted for inflation — in Japan's reconstruction effort. We didn't give N. Korea shit, after we killed a third of the population, wiped out their bridges and nearly entire infrastructure including the only source of electricity .Attack on the Sui-ho Dam - Wikipedia

Are you saying the reason NK is a shithole is because we didn't rebuild them after the war?

.

You see the analogy I made without having to spin my words.

 

[hadit]

The entire concept of basic income implies total conquest and slavery.

When forming a government, did individuals have the right to the services in earnings of other individuals?

Caveman A had a right to be housed and fed by Caveman B?

From whence did this alleged right come?

.

You are barking up the wrong the tree. Employment is at the will of either party.

ENDING employment is at the will of either party. A company cannot force you to work for them and you cannot force it to hire you. You would know that if you paid attention when I educated you.

 

[The Original Tree]

This is Venezuela on Capitalism and Independently Derived Income:

This is Venezuela under Socialism and Guaranteed Income:

 

[the other mike]

This is Venezuela on Capitalism and Independently Derived Income:


This is Venezuela under Socialism and Guaranteed Income:

Americans want their oil, otherwise we don't give two shits about them. Stop lying about socialism. It's when they want to nationalize their oil that we get bent out of shape.

 

[The Original Tree]

This is Venezuela on Capitalism and Independently Derived Income:


This is Venezuela under Socialism and Guaranteed Income:

Americans want their oil, otherwise we don't give two shits about them. Stop lying about socialism. It's when they want to nationalize their oil that we get bent out of shape.

Hey Dummy, WE EXPORT OIL.

We do not need anyone's oil really at all.

 

[Cecilie1200]

Hey, Mr. History Professor. I seem to recall Japan taking a MUCH worse bombing in the 1940s, but I'm pretty sure THEY have lights and other modern amenities. Since you like to twit yourself on your history "knowledge", perhaps you recall that, as well.

Between 1946 and 1952, Washington invested $2.2 billion — or $18 billion in real 21st-century dollars adjusted for inflation — in Japan's reconstruction effort. We didn't give N. Korea shit, after we killed a third of the population, wiped out their bridges and nearly entire infrastructure including the only source of electricity .Attack on the Sui-ho Dam - Wikipedia

Yes, and why was it that we were willing to rebuild Japan, but not North Korea? Had something to do with different choices and actions between them, right?

And that's leaving aside your outrageous assumption that Japan's current technological prosperity has nothing to do with THEM in the last half-century, and everything to do with US. Americacentric much?

 

[Cecilie1200]

Whenever you're done "reporting" his self-masturbation over the "wonders and glories" his idea will produce, perhaps we could get down to some actual discussion of how this would ACTUALLY work with taxpayer dollars and hundreds of millions of people. Is that a thing that could happen, or are you too busy fapping with Mr. Yang?

Do you ask that when they're spending $750 billion a year of our money on a bloated military ?

Sorry, but that made no sense. Please try that again in English.

 

[the other mike]

So back on topic.
VAT raises about a fifth of total tax revenues both worldwide and among the members of the Organisation for Economic Co-operation and Development (OECD). As of 2018, 166 of the 193 countries with full UN membership employ a VAT, including all OECD members except the United States, which uses a sales tax system instead.
The idea is more Libertarian than socialist when you consider a flat tax or
Value-added tax - Wikipedia to pay for it.