A democrat running for President of the United States is Andrew Yang. Yang is running on a platform of “Universal Basic Income” (UBI). Yang promises to give all Americans over 18, $1,000 a month for life, or $12,000 dollars a year. Yang calls this a “Freedom Dividend.”
Yang reasons that as automation and technology grows, it will eliminate millions of jobs from workers. Yang’s freedom dividend will be similar to a Social Security of a basic income. Yang proposes a 10 percent Value Added Tax (VAT) to penalize companies that benefit from automation.
Lets do the math: There are approximately 194.3 […]
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