Andrew Yang’s Universal Basic Income Policy: $1000 a month for every American

Charter / Sales Dalmus
Jul 10 62 Comments

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TOP 62 Comments
  • Intel leedle
    The border would explode
    Jul 10 2
    • FINRA footballer
      Tbf it's only for citizens.
      Jul 10
    • LinkedIn agenam
      Ever heard of amnesty?
      Jul 10
  • Uber bagdot
    Being an American is a privilege. People should be paying for it, not the other way around.
    Jul 10 4
    • Amazon / Eng
      weeeeeeee

      Amazon Eng

      BIO
      AWS
      weeeeeeeemore
      Not really. Being American is a privilege for everyone but those born here. This country doesn’t owe anyone outside of itself anything.
      Jul 10
    • Amazon / Eng
      weeeeeeee

      Amazon Eng

      BIO
      AWS
      weeeeeeeemore
      Except that it’s highly sought after for those not in the US, and it’s dispersed by the government.

      I know you probably view this country as borderline the worst country in the world based on your previous posts, but a lot of others don’t.
      Jul 10
    • Amazon TRuc81
      14th amendment doesn’t exist in this idiots mind - probably cheated on his citizenship test 😂😂😂
      Jul 10
    • Facebook Sffffft
      Fuck America 😂😂😂 We all already pay to live here. Taxes.
      Jul 11
  • Robinhood deltacube
    It's actually a very thought out plan and would solve a lot of problems concerning the massive inequality and jobloss that's been happening. It'll also be a really good transition to get people off of different restrictive welfare systems where they get trapped.
    Jul 10 1
    • Lyft done2
      Except will never actually reduce the welfare state. It’s just an addition part of the never ending expansion of government provides everything for you in exchange for your liberty. Bad deal
      Jul 11
  • Apple datascie
    Andrew Yang is deluded. Don’t listen to that guy.
    Jul 10 1
    • Amazon shmeckly
      this is fundamentally the same (albeit at a much larger scale) than what Alaska has been doing for the last 30-40 years with its oil fund. And it is massively popular with everyone across the political spectrum
      Jul 11
  • Capital One !Fuck You!
    Whose going to pay for it? The income tax rate, corporate tax rate, and other taxes would sky rocket only adding to the current deficit. It’s logically and financially unfeasible. Plus he’s for open borders and paying for illegals healthcare, housing, education, etc. They’ll just continue to flood in and consume resources without even contributing to the system they’re taking advantage of. He’ll be the Hugo Chavez of America and do the same thing that Chavez did to Venezuela in record time.
    Jul 10 7
    • Capital One !Fuck You!
      Andrew Yang wants to give all Americans above the age of 18 $1,000 a month. This would result in a monthly cost of $238,969,046,000 (two hundred thirty billion dollars per month) to the US tax pool.

      Per year it would cost us $2,867,628,552,000 (2.8 trillion dollars per year) to enact a program like this. If this doesn't somehow generate massive returns in mostly unexpected ways then it will take only 1 term of Yang to almost double our national deficit off of one single program. And if he is going to get the money by "cutting programs" or taking from the military's budget then it's gonna take full agency shutdowns and having our boys in green fighting with cardboard swords, cuz the military only gets $639 billion per year, which is actually 10% up from 2017's military budget.

      This universal income system needs almost 5 years of full military budget access just to pay for 1 year of this new system. This is ofcourse just to pay the $1000 checks, not even accounting the other costs that'll come with an entirely new government program needing to be set up reliably.
      Jul 10
    • Capital One !Fuck You!
      Once they start coming after the profits of the big companies a lot of you work for, what do you think your share holders will do? Pack up and move elsewhere.
      Jul 10
    • Robinhood deltacube
      Your comment shows how little research and critical thought you've put into this CapitalOne
      Jul 10
    • Capital One !Fuck You!
      Oh please enlighten wise one.
      Jul 10
    • BusPatrol / Eng blindcants
      UBI really makes no economic sense.
      Jul 11
  • Carvana jas1823
    Obviously equals out to be $12k per year, which is the equivalent to the standard deductible. This makes me wonder if that goes away as part of the plan?
    Jul 10 0
  • Oath Atinlay2
    This is a dumb
    Jul 10 1
    • Apple RoidRage
      Your comment is dumb and I don’t even support UBI.
      Jul 10
  • Amazon HPv4yl
    Typical leftist idea: give people free money they don’t deserve to buy votes, then raise taxes to pay for it. This certainly won’t improve the employment rate, I can tell you that much.
    Jul 10 6
    • Apple purifier
      Typical right wing idea: give corporations free money they don’t deserve to buy votes, then put it on the national credit card so that future generations will have to pay for it. This certainly will make the 1% richer while leaving 99% behind, I can tell you that much.
      Jul 11
    • Verizon / Eng HansBomb
      😂 ah, another rotten Apple
      Jul 11
    • Amazon HPv4yl
      Corporations don’t vote. They do create jobs and drive the stock market, which in turn creates wealth for their employees, contractors and shareholders. If giving a corporation a 1 million tax break will result in an additional 10 million in employee wages, why would anyone object?
      Jul 11
    • Apple purifier
      Because history has shown over and over again that 10 million end up in 2% for employees wages and 98% in executives and shareholders. The taxpayer is then responsible for 100% of it with little ROI on the society
      Jul 11
    • Apple purifier
      On the contrary, it is demonstrated that giving money to people increases consumer spending, thus you need more workers
      Jul 11
  • Target / Eng tmDe33
    It's probably the way to go but decades too soon.
    Jul 10 0
  • Facebook public2
    Smart and necessary but next to zero chance of this happening. Businesses own the government and would never allow a value added tax. The value add tax takes away from the rich and gives to the poor which is about unamerican as it gets.
    Jul 10 1
  • Apple purifier
    Republicans call it GBI (Guaranteed Basic Income), some others call for negative taxation, and now many on both side of the political spectrum agree on UBI.

    It is important to understand why this is coming now. Automation is putting a lot of people out of work, and this phenomenon will accelerate.

    Another way could be reducing working hours, like in Germany (their productivity is still very high)

    Personally I am not convinced UBI is the right solution. We, humans, need a purpose in life. I would rather prefer reducing working hours, have very cheap healthcare (so that people could try being entrepreneurs without the fear of going bankrupt if they get sick), lower the costs of higher education, etc.
    Jul 10 2
    • Capital One !Fuck You!
      This is one of the few things those on either side of the political aisle can agree upon, automation is coming and needs be addressed proactively. It is a good idea ideally, but the financial solution behind it is a different animal altogether.
      Jul 10
    • New / R&D qagR71
      I wouldn't really call work a purpose, and $12k/year wouldn't let people stop working. It would just let them be able to afford food if they don't have a job. If anything it would free up time for people to find what they love in life.
      Jul 10
  • New / Product XVrn30
    Can we harvest their organs? If so it could pay for itself.
    Jul 10 4
    • Capital One !Fuck You!
      That or donate the organs to stem research. Massive boost in free material should free up a lot of budget for scientist. Through that research, they’ll eventually stop aging and have plenty of replacement parts for people. Death will be “curable”. After that, everyone can live happily ever after as an obese, lazy, and useless meat sack in world mixed between Wall-E, Elysium, and Carbon Black.
      Jul 10
    • Axon axon
      Organs is healthcare. Healthcare is a human right, lol
      Jul 10
    • LinkedIn cd-
      I thought we’re already doing that at the DMV
      Jul 11
    • Capital One !Fuck You!
      There’s an extreme shortage of organ donors nationwide. They can only harvest organs if you opt in as an organ donor.
      Jul 11
  • Verizon / Eng HansBomb
    Lol... while you’re at it forgive my student debt, but don’t stop there, forgive my mortgage debt too, also I want to start a business, can the tax payers handle that as well?

    Ah, finally, all the reward with no risk. This is just nonsense is the real problem.

    The left went too far left unfortunately.

    It went from actually caring about people to just scoring illegitimate votes.

    So no, it won’t work. Might get dumbasses to vote for him, though.
    Jul 10 4
    • Apple purifier
      So it was ok to forgive big financial institutions 10 years ago then, eh? Corporate socialism at its best.
      Jul 10
    • Verizon / Eng HansBomb
      No, it wasn’t.
      Jul 11
    • BusPatrol / Eng blindcants
      Forgiving corporates was dumb as well. And so is UBI
      Jul 11
    • Apple purifier
      US is a corporate socialist country. I don’t see Trump supporters bothered by that.
      Jul 11
  • Exer Urgent Care dsp0703
    Andrew Yang is a smart guy, but he is a liberal technocrat who thinks government programs will be the solution to every problem.

    There are several issues with his UBI plan.

    1. The numbers would only work if the following conditions held: no additional people such as naturalized citizens will be eligible for UBI, thus guaranteeing that the number of people who receive it will be fixed, and those who choose to receive UBI must make a firm decision making them ineligible for other entitlement programs. But to my knowledge, Yang has not proposed that. He sees UBI as a complement to the other programs, and if naturalized citizens can receive it, this will significantly increase the number of immigrants and strain our resources.

    2. Although automation is a legitimate concern, Yang is indulging in hysteria. Every technological revolution has disrupted the economy but also created new types of jobs that were previously unimaginable. In Yang's dystopian future, automation and AI are so powerful that humans become worthless economic agents, with no way to add value and need government help to survive. That's not gonna happen. Look at driverless cars for instance. Some of the smartest people are working to make this happen, and we are nowhere close to even having safe viable driverless cars that people are willing to use. Yet, Yang thinks that automation will make trucking an obsolete business.

    3. Yang argues that UBI will lead to millions of new jobs since working class people will use the money on a wise variety of expenditures such as food, auto repair, clothes, travel, etc. But wait. Yang's thesis is that automation will render most jobs obsolete. So in his future when robots are doing all the manual work, why will the extra injection of cash via UBI lead to creation of new jobs in precisely those sectors.

    4. Yang does not grapple with the secondary social consequences of UBI. Guaranteed income will incentivize laziness and unemployment. But wait, you might say. $1k/month is not a lot of money. Well, it depends where. Certainly not a lot in the major cities, but in large swaths of the country, a single person can pay rent and have money left over for food on $1k/month. Rather than encourage people to acquire new skills, to improve themselves, and become productive, UBI will create a permanent underclass of unproductive Americans.

    5. Finally, Yang amazingly thinks we should have reparations (money for those who were never slaves, paid for by people who never owned slaves) on top of UBI. What a joke.
    Jul 11 2
    • Apple purifier
      Except that this experiment is working in Alaska!
      Jul 11
    • Exer Urgent Care dsp0703
      Alaska UBI is only around $2k per year. And obviously it's a very small state in terms of population.
      Aug 5
  • Google PCBro
    This is ret*rded
    Jul 10 2
    • Apple / Eng djaodhev
      Hey, it’s okay to write bad words on the internet.
      Jul 10
    • Google PCBro
      Not on blind - try writing one.
      Jul 10
  • Amazon shmeckly
    this already exists in America today in Alaska where UBI is funded by the oil fund. i thought UBI was a terrible idea when i first heard about it but after reading through it , I now believe it is a really good idea. Everyone’s initial reaction is likely to be the same but if you go in with an open mind and take the time to understand it, you’ll probably change your mind like I did.
    Jul 11 1
  • Amazon udIM26
    Wait until you create a perverse incentive where people take advantage of America’s unconditional birthright citizenship policy and start having children in the US to get lifetime dividend payments.

    People will be getting free money which is fun until you have to figure out who’s going to foot the bill.
    Jul 10 0
  • Netflix mr.clippy
    Wasn’t this tested in Denmark and abandoned? It didn’t really help.

    If you want to raise the people out of poverty, increase the minimum wage. And absolutely enforce eVerify like the gestapo.
    Jul 10 2
    • Capital One !Fuck You!
      It was Finland I believe but there was a lot of other internal politics that hampered the effort as well.
      Jul 10
    • Netflix mr.clippy
      Yep. It was Finland. Didn’t meet the expected economic outcome to scale out. At least they tested it first.
      Jul 10
  • Google evl
    Obviously, 35% is not enough , now we will have to pay for someone’s dolce vita even more , great why not?
    Aug 5 0
  • Facebook Sffffft
    This will never happen in America so I can’t even seriously entertain it.
    Jul 11 0

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