Check out the TB2K CHATROOM, open 24/7               Configuring Your Preferences for OPTIMAL Viewing
  To access our Email server, CLICK HERE

  If you are unfamiliar with the Guidelines for Posting on TB2K please read them.      ** LINKS PAGE **



*** Help Support TB2K ***
via mail, at TB2K Fund, P.O. Box 24, Coupland, TX, 78615
or


POL Meet Andrew Yang, the 2020 candidate giving away money, in 'universal basic income' pitch
+ Reply to Thread
Results 1 to 9 of 9
  1. #1
    Join Date
    May 2001
    Location
    Behind Enemy Lines
    Posts
    163,992

    Meet Andrew Yang, the 2020 candidate giving away money, in 'universal basic income' pitch

    Meet the 2020 candidate giving away money, in 'universal basic income' pitch
    Paul Steinhauser
    5-6 minutes


    SOMERSWORTH, N.H. – Several Democratic presidential candidates are pitching government-backed health care, child care and education in their 2020 platforms.

    Andrew Yang is going a step further -- pushing a plan for "universal basic income." And to demonstrate what he's talking about, the entrepreneur from New York City and uber-longshot for the Democratic presidential nomination is personally giving away money to families in Iowa and New Hampshire, the states that vote first and second in the presidential caucus and primary calendar.

    “It would help people improve their health, nutrition, pay off some debts and bills that have been hanging over them, reduce their stress levels,” Yang told Fox News in an interview, describing what he's dubbed a "freedom dividend."

    The grand plan would involve the government giving $12,000 a year to each adult American -- the kind of guaranteed income scheme that's been tested recently in Finland, as well as California.

    The plan, like his candidacy, is a longshot. But, thematically, it dovetails with such sweeping government aid ideas as those contained in the newly unveiled Green New Deal and other proposals on Capitol Hill.

    Yang said his plan would be paid for by a value-added tax, known as a VAT. He’s estimated a 10 percent VAT would raise some $700-800 billion. And to publicize the push, Yang is giving $1,000 per month this year out of his own pocket to a family in Iowa and New Hampshire.

    Giving money to potential voters in two crucial early voting states could raise some eyebrows, legally speaking. But Yang said he checked with the Federal Election Commission before going ahead with his plan.

    “I talked to the FEC and they said as long as it’s my personal funds, and it’s a personal gift with no strings attached, they have no issues,” he said.

    He added that he’s “optimistic” the families receiving his personal cash payments this year “will come out for me, but I have no expectations and certainly no obligations.”

    The New Hampshire recipients, the Fassi family from Goffstown, were selected out of a pool of dozens of Granite State applicants. They started receiving the monthly $1,000 payments in January. The campaign says a family in Iowa will be chosen soon through a similar contest.

    Experts at the Campaign Legal Center – a nonpartisan organization that works to reduce the influence of money in politics – told Fox News that the distribution of personal funds is not something that campaign finance laws cover.

    They added that they didn’t believe what Yang was doing would be unlawful, since the money being given away came with no strings attached, and should not be considered a form of bribery.

    Yang was the CEO of the test-prep education company Manhattan GMAT. In 2011, he launched Venture for America, a New York City-headquartered organization that trains entrepreneurs.

    Yang argued that automation is increasingly displacing the country’s workforce and that a cash payment will be needed for people to afford to live through the automation evolution.

    “People see what’s happening in their communities. People see that stores are closing. Thirty percent of Americans malls are going to close in the next four years and working in retail is still the most common job in the economy. So you don’t need robots walking the streets of New Hampshire to understand that our economy’s evolving in unprecedented ways,” he said.

    And he claimed that his message is resonating in Iowa and New Hampshire with some people who voted for Donald Trump in 2016.

    “A lot of Trump voters have come up to me and said ‘I voted for Donald Trump and I’m going to vote for you because you’re not a Washington insider.’ Someone actually said to me ‘you’re what I thought I was getting when I voted for Donald Trump,’” he explained.

    Speaking to a small gathering of activists and voters at a café in Somersworth, Yang joked that if the president had a nickname for him, it could be “comrade Yang.”

    Politically, Yang's proposal is one of many that Republicans would be eager to trash as modern-day socialism. After last week's unveiling of the Green New Deal, the Republican National Committee panned it as a "socialist wish list" that would cost trillions and kill jobs.

    But Yang claimed that what he’s proposing is “very, very different from socialism when the government actually nationalizes the means of production.”

    Yang declared his candidacy for the White House nearly a year ago, though has been overshadowed by an already-crowded field of senators and other famous politicians. Yet he argued the big field offers a silver lining:

    “Because every time someone comes in, people look around and see who’s in the field. People are still looking for options. And the bigger the field, the more fragmented it is, the better it is for us.”

    https://www.foxnews.com/politics/202...n-12k-per-year

  2. #2
    Join Date
    May 2001
    Location
    In A Basket Of Deplorables
    Posts
    9,652
    Just for reference, the median home price in Goffstown NH is 297,000. There are admittedly homes selling for under 100k (no idea of condition), but Goffstown is hardly a struggling community.
    E Deploribus Unum

    Oderint dum metuant

    Every day is a JDAM day

  3. #3
    Join Date
    May 2001
    Location
    Cow Hampshire
    Posts
    18,014
    And, of course, the unintended consequence of a guaranteed income is - a new Zero.

    If everyone has an additional $12K annual - the price of existence for all will go up $12K. THAT will be the starting point.

    Free markets are like that.

    A $2500 solar array before government subsidy. With a $2500 subsidy (sounds good - FREE solar) suddenly the price of a solar array goes to $5000.

    Not so free anymore that solar. Meanwhile solar producers multiply, all created to capture that $2500 and not necessarily profit on solar production (Think Solyndra) and drive each other competitively below the profit point of production.

    You end up worse than before.

    But a guaranteed income SOUNDS so good.

    Dobbin
    I hinnire propter hoc ecce ego

  4. #4
    Join Date
    May 2001
    Location
    Anna, Texas
    Posts
    3,048
    Good math skills. A VAT will raise 800 billion a year. The UBI will cost about 2.5 Trillion a year. Enough said.
    "When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." ~ Frederic Bastiilt

    "Duty is ours; results are God's."

  5. #5
    Join Date
    Feb 2003
    Location
    Tampa Bay Area
    Posts
    4,944
    Quote Originally Posted by Dobbin View Post
    And, of course, the unintended consequence of a guaranteed income is - a new Zero.

    If everyone has an additional $12K annual - the price of existence for all will go up $12K. THAT will be the starting point.

    Free markets are like that.

    A $2500 solar array before government subsidy. With a $2500 subsidy (sounds good - FREE solar) suddenly the price of a solar array goes to $5000.

    Not so free anymore that solar. Meanwhile solar producers multiply, all created to capture that $2500 and not necessarily profit on solar production (Think Solyndra) and drive each other competitively below the profit point of production.

    You end up worse than before.

    But a guaranteed income SOUNDS so good.

    Dobbin
    Not just free markets, markets in general are like that.
    Buckle up, boys and girls. This could get a bit rough.

    Gardening: the next great hobby!
    Got Seeds?
    - Tristan

  6. #6
    I highly doubt the UBI will be universal. They will need to cut some corners - just more welfare that actual working people won't ever see. The working poor WILL however see the inflation.

    I could live on $12K a year, at present purchasing power, but it's a moot point; we are a sinking ship. All a UBI will accomplish is to attract MORE useless low IQ, criminal, and diseased illegals.

  7. #7
    Join Date
    Jul 2004
    Location
    State of confusion
    Posts
    7,525
    “The plan, like his idiocy, is a longshot.”

    Fixed it for him.
    "...Cry 'Havoc' and let slip the cats of war..."
    Don’t use your last bullet on them.
    I’m not afraid of dying...I just don’t want to be there!
    ...sell your cloak, and buy a sword...Second Amendment 1.0

  8. #8
    Join Date
    Aug 2009
    Location
    Jefferson
    Posts
    7,691
    The answer is very very very simple:

    2 Thessalonians 3:10 King James Version (KJV)

    10 For even when we were with you, this we commanded you, that if any would not work, neither should he eat.

    This whole "universal basic income" CRAP is SOOOO far beyond insane and stupid that I just can't believe it!! There is just no way this will EVER EVER EVER EVER EVER work. It goes against GOD's design, it goes against NATURE's design, it goes against human psychology and anything else you can think of, as weall as it goes against any and all logic and common sense. Anyone even suggesting it, let alone thinking this is a good thing should be beotch slapped until the common sense get's beat into them.
    We have done so much, with so little, for so long....We can now do anything, with nothing, forever.

  9. #9
    Join Date
    Oct 2002
    Location
    tn
    Posts
    1,986
    I figure this is how they prove that the general public can't make reasonable choices for themselves, therefore the king will make decisions for you.

    The king and his court.
    working on unplugging.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


NOTICE: Timebomb2000 is an Internet forum for discussion of world events and personal disaster preparation. Membership is by request only. The opinions posted do not necessarily represent those of TB2K Incorporated (the owner of this website), the staff or site host. Responsibility for the content of all posts rests solely with the Member making them. Neither TB2K Inc, the Staff nor the site host shall be liable for any content.

All original member content posted on this forum becomes the property of TB2K Inc. for archival and display purposes on the Timebomb2000 website venue. Said content may be removed or edited at staff discretion. The original authors retain all rights to their material outside of the Timebomb2000.com website venue. Publication of any original material from Timebomb2000.com on other websites or venues without permission from TB2K Inc. or the original author is expressly forbidden.



"Timebomb2000", "TB2K" and "Watching the World Tick Away" are Service Mark℠ TB2K, Inc. All Rights Reserved.