Andrew Yang: Universal Basic Income plan

I UNDERSTAND THIS IS A VERY LONG POST, HOWEVER I ENCOURAGE YOU TO READ IT ALL. IT PROVIDES GREAT CONTEXT AND IS VERY INTERESTING FOR SOMEONE WITH STRONG POLITICAL MOTIVATION!

During the 2020 Democratic Presidential Debate, candidate Andrew Yang stated his idea to give out $1,000 to each individual in the U.S. over 18 each month (Universal Basic Income <UBI>).

Using simple calculations that’d come out to be $12,000,000,000,000 (12 Trillion USD) over the course of one four-year presidential term.The U.S. National Debt is around $22,000,000,000,000 (22 Trillion USD).The estimated net worth of the entire world populace (in 2015) is around […]

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