Democratic presidential candidate Andrew Yang says he knows how to save capitalism: a universal basic income, or UBI, a policy he refers to as a “Freedom Dividend.”
Yang, a 44 year-old serial entrepreneur, argues that the U.S. faces a bleak future of unemployment riots in the absence of his proposal, because technology will eliminate millions of working-class American jobs. As a remedy, Yang proposes creating a universal basic income, or UBI, of $1,000 a month given unconditionally to every citizen over the age of 18.
“We need to invent a whole new economic system,” said Yang. “We are in the third […]
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