Posted: 4/14/2018 8:14:16 AM EDT
This 43-year-old running for president in 2020 wants to give everyone $1,000 a month in free cash Entrepreneur Andrew Yang has a big goal for a relatively unknown business person: to reach the White House. And he's aiming to get there by selling America on the idea that all citizens, ages 18-64, should get a check for $1,000 every month, no strings attached, from the U.S. government. Yang, 43, who was born in upstate New York in 1975, will be running as a Democrat, according to his campaign website. "People who think the antidote to Donald Trump is a boring generic Democrat missed the point. He is a sign of massive institutional failure. On both sides," Yang said on Reddit on April 2. A universal basic income (UBI) payment, which Yang calls "the Freedom Dividend," is one of his major policies.  Humanity First | Andrew Yang for President "The most direct and concrete way for the government to improve your life is to send you a check for $1,000 every month and let you spend it in whatever manner will benefit you the most," Yang writes on his campaign website. The government has "plenty of resources, they're just not being distributed to enough people right now," he says. Yang, founder of business fellowship program Venture for America and author of "The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future," believes a cash handout will improve the mental well being of Americans and encourage entrepreneurship. "It is impossible to overstate the positive impact of $1k a month on households around the country. It would take people from a constant mindset of scarcity to a mindset of assured survival and possibility. It would transform our society in myriad positive ways by taking the boot off of people's throats," wrote Yang on Reddit in March. "I've worked with hundreds of entrepreneurs and most have an incredible mindset of abundance and possibility. A UBI would be the greatest catalyst for arts, entrepreneurship and creativity that we have ever seen," he said. Facebook CEO Mark Zuckerberg made a similar argument in his Harvard commencement speech in May. "Now it's our time to define a new social contract for our generation. We should explore ideas like universal basic income to give everyone a cushion to try new things," the billionaire said. Why $1,000 a month? Yang settled on the level of $1,000 a month for several reasons, he tells CNBC Make It: First, $1,000 a month was recommended by former Service Employees International Union president Andy Stern in his book, "Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream." And $12,000 a year brings an individual close to the U.S. poverty line, says Yang, which is $12,752 per person per year for those under the age of 65, according to the United States Census Bureau. Plus, a $1,000-a-month UBI has been studied and modeled by The Roosevelt Institute, says Yang. (It could grow the U.S. economy by 12.56 percent after eight years if paid for by increasing the debt, says the left-leaning institute's report released in August.) -more- |
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I'm reading Thomas Sowell's book, Basic Economics.
Apparently this new guy, Ying, has not. 
You should have to pass an economics tests to be a politician, and have to pass one to vote. If you don't know how a system works then you have no business f-ing around with it. Now off to read more Sowell, and watch some more Jordan Peterson videos. Ah Saturdays. 
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I'd save it for the economic collapse 
It will end up with the Value of Weimer or Zimbabwean currency... Since our winters are mild here, we won't need to burn too much of that "Freedom Dividend" in our fireplaces to keep warm will we? I think most down here will use it as Toilet Paper. BIGGER_HAMMER 
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Hopefully from the foreign aid we hand out lol Quoted:
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And where is this money coming from? |
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And where is this money coming from? If swamp critters can print at will, just gimmee, gimmee, gimmee. That's my price for allowing them to survive. In before Weimar'd and subsequent stupid shit we're doomed to endure no matter what shithead dumb as all fucking hell Americans install as their leader. |
| Quick path to hyper-inflation. Without a corresponding increase in goods, hyper-inflation is inevitable. Second issue: where does the $1k come from? His pocket and is he a trillionaire? If it's from the taxpayer, it's government extortion at work. Say no to the idjit. |
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Pffft...its only $3.6 trillion a year. We'll just raise taxes. On everyone. By $1500/month. Quoted:
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Fucking awesome. 300 plus Million people X $1,000 a month. What could go wrong?
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Attached File Never been tried before...
It says right in the article that they would increase national debt. Better use that money to buy a wheelbarrow to haul around the more money you'll need to buy bread. |
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In a (very) short few years I'll start collecting my "free" $1,500 a month, anyway. Raising that payment involves the gubermint forging a shackle around the Millennial Generation's neck, but I trust they'll wear it with the good grace I wore mine for 40 years.
As it worked out it's mostly going to be fun money, so I'll do my best to spend it where it raises other's boats. |
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He ain't got a chance. I'm offering $2000 per month. Nixon shellacked him by 23 points in the '72 election. Attached File |
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In a (very) short few years I'll start collecting my "free" $1,500 a month, anyway. Raising that payment involves the gubermint forging a shackle around the Millennial Generation's neck, but I trust they'll wear it with the good grace I wore mine for 40 years. As it worked out it's mostly going to be fun money, so I'll do my best to spend it where it raises other's boats. I don't remember who said it, but I read it here on ARFCOM: "The best way to enslave a people is to create a set of 'golden shackles' that they willingly put on themselves." |