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Yang: $1,000 of basic income will result in 2,000,000 new jobs

Posted on 8/18/19 at 9:58 am
Posted by Covingtontiger77
Member since Dec 2015
10357 posts
Posted on 8/18/19 at 9:58 am
I don’t pretend to know anything about macro economic policies that will generate jobs for the masses. But Jesus, i just listened to Yang on CBS espouse his $1,000 per person universal income for all.

His talking points: $1,000 per citizen will result in 2,000,000 new jobs due to the influx of spending into Main Street business like auto repairs shops, day care facilities, and LITTLE LEAGUE SIGN UPS


Little league signups= J O B S

WHO THE frick KNEW?!?!


WHAT IN THE ACTUAL frick IS THIS GUY TALKING ABOUT AND HOW IS IT THAT THIS GUY HAS MORE MONEY THAN ME WKTH IDEAS LIKE THIS?
This post was edited on 8/18/19 at 10:00 am
Posted by Azkiger
Member since Nov 2016
21810 posts
Posted on 8/18/19 at 9:59 am to
My first reaction to getting free money would be to go look for a job
Posted by ruzil
Baton Rouge
Member since Feb 2012
16957 posts
Posted on 8/18/19 at 10:01 am to
quote:

$1,000 per citizen will result in 2,000,000 new jobs due to the influx of spending into Main Street business like auto repairs shops, day care facilities, and Liquor Stores
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19569 posts
Posted on 8/18/19 at 10:01 am to
The first thing that I would expect to happen, is that people under the poverty line who hold minimum wage jobs will quit their jobs and never look for work again.

In the first few months the OD rate would skyrocket.
This post was edited on 8/18/19 at 10:03 am
Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12124 posts
Posted on 8/18/19 at 10:02 am to
And he’s the “sane one” according to some of our resident “moderates?”

Every time I read something from Yang -
Posted by Big4SALTbro
Member since Jun 2019
14935 posts
Posted on 8/18/19 at 10:02 am to
Good lord yang might be dumber than comrade Bernie
Posted by Magician2
Member since Oct 2015
14553 posts
Posted on 8/18/19 at 10:03 am to
Why $1k per month? Why not $3k per month?
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61377 posts
Posted on 8/18/19 at 10:03 am to
Giving people free money is like giving a wild animal free food. The animal will come for the free food and never learn to hunt.
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
60602 posts
Posted on 8/18/19 at 10:05 am to
We found the one Asian bad at math.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51824 posts
Posted on 8/18/19 at 10:06 am to
Unless UBI replaces SSI, SNAP, Section 8, etc then it's just another plan to make people feel like they've done something when in actuality all they've done is move the deck chairs around. We saw what handing out free money did in the wake of Katrina (and why FEMA no longer does it).

And let's not forget that everywhere UBI has been tried as a means of relieving poverty, it's failed. Every. Single. Time.
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
20473 posts
Posted on 8/18/19 at 10:06 am to
That’s a lot of “free” money just to produce two million jobs.
Posted by Azkiger
Member since Nov 2016
21810 posts
Posted on 8/18/19 at 10:11 am to
So 2 trillion dollars to create two million jobs.

That's 1 million dollars per job.

WTF.
Posted by jimmy the leg
Member since Aug 2007
34440 posts
Posted on 8/18/19 at 10:17 am to
I'm good with a basic income IF...

No more food stamps, welfare, WIC, medicaid/medicare, section 8 etc.

It would save us a fortune over time.

Two more caveats:

You may be denied the income by a judge for criminal activity.

You must be 21 and a US citizen in order to recieve this income.



Posted by indianswim
Plano, TX
Member since Jan 2010
18821 posts
Posted on 8/18/19 at 10:25 am to
How many times have the announcers said in the LLWC that all of the workers are VOLUNTEERS?
Posted by roadGator
Member since Feb 2009
140740 posts
Posted on 8/18/19 at 10:27 am to
quote:

Little league signups= J O B S 


The only thing I can think of is online services used to enroll and manage leagues.

Coders? Lol
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 8/18/19 at 10:31 am to
If I get $1000 and my wife gets $1000 and pur 2 kids get $2000, we’re moving from Nashville into a home I own in AL, and you can find me crappie gishing on Weiss Lake.
This post was edited on 8/18/19 at 11:02 am
Posted by Stingray
Shreveport
Member since Sep 2007
12421 posts
Posted on 8/18/19 at 10:39 am to
That is bullshite and anyone who knows anything knows it is bullshite.
Posted by cajunangelle
Member since Oct 2012
147389 posts
Posted on 8/18/19 at 10:43 am to
quote:

Yang: $1,000 of basic income will result in 2,000,000 new jobs
Posted by BurningHeart
Member since Jan 2017
9526 posts
Posted on 8/18/19 at 10:45 am to
quote:

$1,000 per citizen will result in 2,000,000 new jobs 


Oh like a tax cut?

Except one you don't have to actually work for... sounds great for the economy
Posted by Lima Whiskey
Member since Apr 2013
19410 posts
Posted on 8/18/19 at 10:47 am to
Apparently we flirt with this idea every 40 years or so. It was studied in the 70s, and it didn’t work, and probably for the reason that you would imagine.

Without the need to work, many people didn’t work. Or, simply worked less.
This post was edited on 8/18/19 at 10:48 am
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