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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^^ 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.[/quote]

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.[/quote]

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.[/quote]

Why do this though? Won’t a $1,000 a month paycheck just increase consumer spending?  Is that really what our environment needs? [/quote]

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.[/quote]

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 [b]because it allows them to buy in bulk,[/b]  plan ahead and purchase higher quality less disposable items.[/quote]

Oh, you think everyone is going to get a Costco membership?  Trust me, the more money you have, the more junk you buy. It's better to reduce health care costs, education, and retirement savings, and housing benefits then just give everyone $1,000 to spend on god knows what. [/quote]

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