Isaac Tom, 10, listens as Democratic presidential candidate Andrew Yang speaks during a rally in Washington Square Park, May 14, 2019 in New York City. One of Yangs major campaign promises is a universal basic income of $1,000 every month for every American 18 years and older. (Drew Angerer / Getty Images) “Politics is not arithmetic.” Álvaro Cunhal, former secretary-general, Partido Comunista Português In a response to my critique of Andrew Yang’s universal basic income (UBI) proposal, my friend Matt Bruenig of the People’s Policy Project claims that there is $5 trillion in annual capital income available to pay […]
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