UBI (Universal Basic Income) would solve nothing for poor people and ultimately would simply make the rich even richer, under current conditions. Don’t believe me? Think about it….

I am an adamant supporter of UBI and Yang so I’ve got a bone to pick. Here goes.

Firstly your first statement that welfare, food stamps and other assistance would be done away with under Yang’s UBI is not correct in a literal sense. His proposal was an "opt-in" policy. You could either opt in to UBI or continue receiving whatever benefits you already get. So if your benefits are more than $1k/month then you stay on your benefits. If it is less, then presumably you’d opt in to UBI because you’d be better off.

It’s true that Yang’s UBI would […]

Full Post at www.reddit.com