By Asa Mathat for Techonomy – https://techonomy.com/wp-content/uploads/2013/09/imgl0026-610×406.jpg, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=66598552 Democratic presidential candidate Andrew Yang’s proposed initiative to give a universal income of $1000 to every American over 18 is a flawed plan.
This idea comes from a financial model called “Universal Basic Income,” which means all citizens of a city, state, or country will receive a set amount of money monthly regardless of their employment status or their wealth.
Yang called his version of the plan “Freedom Dividend.” According to Yang’s website, “The Freedom Dividend is a form of universal basic income, a type of social security that guarantees […]
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