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Message
Andrew Yang’s Pitch to America - We Must Evolve to a New Form of Capitalism
Posted on 2/18/19 at 7:27 am
Posted on 2/18/19 at 7:27 am
LINK
Very, very powerful speech. Here’s the details behind the Freedom Dividend...
Very, very powerful speech. Here’s the details behind the Freedom Dividend...
quote:
Andrew would implement a Universal Basic Income, ‘The Freedom Dividend,’ of $1,000/month, $12,000 a year for every American adult over the age of 18. This is independent of one’s work status or any other factor. This would enable all Americans to pay their bills, educate themselves, start businesses, be more creative, stay healthy, relocate for work, spend time with their children, take care of loved ones, and have a real stake in the future.
- Any change to The Freedom Dividend would require a constitutional amendment.
- It will be illegal to lend or borrow against one’s Dividend.
-If one does not graduate from high school, your dividend does not begin until 20.
A Universal Basic Income at this level would permanently grow the economy by 12.56 to 13.10 percent—or about $2.5 trillion by 2025—and it would increase the labor force by 4.5 to 4.7 million people. Putting money into people’s hands and keeping it there would be a perpetual boost and support to job growth and the economy.
Posted on 2/18/19 at 7:28 am to OleWarSkuleAlum
Is Yang’s wang easier to fit in your mouth than Rubio’s was?
This post was edited on 2/18/19 at 7:58 am
Posted on 2/18/19 at 7:28 am to OleWarSkuleAlum
Who's gonna pay for that?
Posted on 2/18/19 at 7:29 am to OleWarSkuleAlum
Can I use it on hookers and blow?
Posted on 2/18/19 at 7:30 am to OleWarSkuleAlum
You must be getting paid.
No way you would subject yourself to the abuse you will endure here for nothing.
No way you would subject yourself to the abuse you will endure here for nothing.
Posted on 2/18/19 at 7:31 am to OleWarSkuleAlum
quote:How would lowering the incentive work increase the size of the labor force?
it would increase the labor force by 4.5 to 4.7 million people
Posted on 2/18/19 at 7:32 am to OleWarSkuleAlum
quote:
A Universal Basic Income at this level would permanently grow the economy by 12.56 to 13.10 percent—or about $2.5 trillion by 2025—and it would increase the labor force by 4.5 to 4.7 million people. Putting money into people’s hands and keeping it there would be a perpetual boost and support to job growth and the economy.
But how?
Posted on 2/18/19 at 7:34 am to OleWarSkuleAlum
Didn't Finland try this and found people become less willing to work when you grant them a basic guaranteed income, so they cancelled the program?
Posted on 2/18/19 at 7:35 am to funnystuff
quote:
How would lowering the incentive to work increase the size of the labor force?
I can see where a person with a guaranteed income of $1,000 dollars per month would buy a lot more cheap shite from China. So it would increase the workforce..In China.
Damn, I just noticed, he looks kind of Chineesish
This post was edited on 2/18/19 at 7:41 am
Posted on 2/18/19 at 7:36 am to OleWarSkuleAlum
The media would immediately say it’s not enough and require more for the poor and less for the rich
Posted on 2/18/19 at 7:37 am to OleWarSkuleAlum
quote:
Universal Basic Income
frick this, frick him, and frick you.
Posted on 2/18/19 at 7:37 am to OleWarSkuleAlum
Pretty blonde in the green dress over his left shoulder must be an Econ Major. She's laughing her arse off at the idea.
Posted on 2/18/19 at 7:37 am to TigerBait1971
quote:
Who's gonna pay for that?
quote:
It would be easier than you might think. Andrew proposes funding UBI by consolidating some welfare programs and implementing a Value-Added Tax (VAT) of 10%. Current welfare and social program beneficiaries would be given a choice between their current benefits or $1,000 cash unconditionally – most would prefer cash with no restriction.
A Value-Added Tax (VAT) is a tax on the production of goods or services a business produces. It is a fair tax and it makes it much harder for large corporations, who are experts at hiding profits and income, to avoid paying their fair share. A VAT is nothing new. 160 out of 193 countries in the world already have a Value-Added Tax or something similar, including all of Europe which has an average VAT of 20 percent.
The means to pay for a Universal Basic Income will come from 4 sources:
1. Current spending. We currently spend between $500 and $600 billion a year on welfare programs, food stamps, disability and the like. This reduces the cost of Universal Basic Income because people already receiving benefits would have a choice but would be ineligible to receive the full $1,000 in addition to current benefits.
2. A VAT. Our economy is now incredibly vast at $19 trillion, up $4 trillion in the last 10 years alone. A VAT at half the European level would generate $800 billion in new revenue. A VAT will become more and more important as technology improves because you cannot collect income tax from robots or software.
3. New revenue. Putting money into the hands of American consumers would grow the economy. The Roosevelt Institute projected that the economy would grow by approximately $2.5 trillion and create 4.6 million new jobs. This would generate approximately $500 – 600 billion in new revenue from economic growth and activity.
4. We currently spend over one trillion dollars on health care, incarceration, homelessness services and the like. We would save $100 – 200 billion as people would take better care of themselves and avoid the emergency room, jail, and the street and would generally be more functional. Universal Basic Income would pay for itself by helping people avoid our institutions, which is when our costs shoot up. Some studies have shown that $1 to a poor parent will result in as much as $7 in cost-savings and economic growth.
LINK
Posted on 2/18/19 at 7:38 am to OleWarSkuleAlum
And what’s to keep every landlord in America from increasing rent by $1,000 per month?
This kind of shite, just like increases in minimum wage, only help a very small portion of the population and only for a very short period of time.
This kind of shite, just like increases in minimum wage, only help a very small portion of the population and only for a very short period of time.
Posted on 2/18/19 at 7:40 am to TbirdSpur2010
quote:
frick this, frick him, and frick you.
Posted on 2/18/19 at 7:41 am to funnystuff
quote:
How would lowering the incentive work increase the size of the labor force?
quote:
Decades of research on cash transfer programs have found that the only people who work fewer hours when given direct cash transfers are new mothers and kids in school. In several studies, high school graduation rates rose. In some cases, people even work more. Quoting a Harvard and MIT study, “we find no effects of [cash] transfers on work behavior.”
In our plan, each adult would receive only $12,000 a year. This is barely enough to live on in many places and certainly not enough to afford much in the way of experiences or advancement. To get ahead meaningfully, people will still need to get out there and work.
LINK
Posted on 2/18/19 at 7:42 am to Nado Jenkins83
quote:
Can I use it on hookers and blow?
quote:
The data doesn’t show this. In many of the studies where cash is given to the poor, there has been no increase in drug and alcohol use. In fact, many people use it to try and reduce their alcohol consumption or substance abuse. In Alaska, for example, people regularly put the petroleum dividend they receive from the state in accounts for their children’s education. The idea that poor people will be irresponsible with their money and squander it seems to be a biased stereotype rather than a truth.
Decision-making has been shown to improve when people have greater economic security. Giving people resources will enable them to make better decisions to improve their situation. As Dutch philosopher Rutger Bregman puts it, “Poverty is not a lack of character. It’s a lack of cash.”
LINK
Posted on 2/18/19 at 7:43 am to OleWarSkuleAlum
quote:
This would enable all Americans to pay their bills, educate themselves, start businesses, be more creative, stay healthy, relocate for work, spend time with their children, take care of loved ones, and have a real stake in the future.
All of that is one gigantic fantasy that would never ever play out the way he illustrates above.
Americans would start buying unnecessary homes, utilities etc when it comes to “paying bills”.
They would go to schools that are too expensive to “educate themselves”
More than half this country is to stupid/lazy to have any money in savings much less start a fricking business.
$1000 wouldn’t make one more healthy they would just purchase more fast food or whatever they are currently eating on.
All of that is currently happening today giving everyone $12k per year is only going to make each person want more... $12k wasn’t enough for healthcare I need more, $12k isn’t enough for college I need more. We’ve seen this over and over again. Every dime of that money from close to half this country would be wasted on unnecessary shite.
Posted on 2/18/19 at 7:43 am to OleWarSkuleAlum
If $1k is good, then $2k must be better, right?
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