It’s just non PC truth. I can’t Parent the kids who aren’t mine. I can’t give their parents higher education. And school system awareness. I don’t mind paying more taxes to cover their needs, but they need schools and classes geared towards their needs. |
Pro-lifers consistently vote against things that would lead to a decrease in abortions. Decreasing demand for abortions is not a viable solution to them. |
Every adult over the age of 18. No income limits. |
^^ Yang's plan really has the right incentives:
1. Only for US citizens. It encourages legal immigration towards obtaining citizenship. 2. If you are in jail, you are not eligible. It encourages good behavior and reduces crime. 3. No marriage penalty. Married couple gets $2000. 4. No income limits. It encourages work as opposed to some welfare programs having strict income limit and reporting requirements. 5. Though kids are not eligible, once they turn 18, they will have their own money. It encourages financial literacy. 6. Poor people with no access to bank accounts will finally have their own. |
That’s a lot of money. And it will lead to lots of inflation. |
Where does the money come from? $12000 per year for every US citizen. And how do we prove US citizenship? Can see lots of fraud/ID theft occurring. |
We have a $20 trillion economy. The UBI will "cost" about 12%, 2.4 T. Money doesn't disappear. They recycle in the economy. In Yang's economy, 12% of total spending will be citizens' freedom dividend spending. He "pays" for this by a 10% of value added tax (VAT), and the overlap of existing government spending. Most countries have a VAT. With VAT, big tech companies like Amazon and Facebook have no way of avoiding being taxed. Right now they pay next to zero in taxes. Our state department does a good job of issuing passports. Validating citizenships will not be that hard. |
All air travel will start requiring Real ID beginning in October 2020 so DMVs are already transitioning to those standards for identity verification. Yes, people who would otherwise not spend the money to get an ID may be forced to in order to receive UBI, however the amount they would receive in UBI is much higher than the cost to get an ID. Proving citizenship isn't a real barrier. |
Why do this though? Won’t a $1,000 a month paycheck just increase consumer spending? Is that really what our environment needs? |
The Fed has been desperately trying to sour inflation for a decade without success. If the choice is between UBI and insanely low interest rates that discourage savings then I would prefer UBI from both an economic and a policy perspective. |
The need to prove citizenship seems like a benefit, not a hindrance, to me. It's the means by which we can verify citizenship and simplify voter registration. Everyone wins. |
And, also, won't it just lead to the cost of goods/services increasing? |
Over time, like any other inflationary action like tax cuts or interest rate cuts that ncreases demand. The difference is that UBI does a much better job of increasing demand on the lower end of the income scale. Right now our economy is highly stratified and purchasinggpower is way skewed. This has led to massive distortions and has dissuaded economic investment on goods/products that target the lower ends of the income range. Because of this existing distortion products that target the lower bound are comparatively overpriced and under competitive. Moreover the way low income benefits are administered tends to force people to make smaller short term purchases which are more expensive on a per unit basis. In addition, the lack of bank accounts also prevents this same group from utilizing the internet tonpurchase goods. This, somewhat paradoxically, UBI has the potential to actually decrease costs for those on the lower bound by increasing purchasing power and opportunity while increasing demad/competition for lower cost goods. |
This How can anyone who claims to be pro-environment think this is a good idea? People will spend more to buy useless sh&t that they don’t need. It will definitely lead to an increase in consumer spending. Not a positive for the environment. |
Lol, single ply for all! I know you're not being serious, but, if you were, then I would say that increasing the purchasing power of the poorest Americans is the best way to decrease wasteful consumption because it allows them to buy in bulk, plan ahead and purchase higher quality less disposable items. |