So the idea of Universal Basic Income is the main policy of upstart contender Andrew Yang who espouses giving a thousand dollars a month to every American above the age of eighteen. Yang's entire campaign is exceptionally progressive on ideas and on spending but he's banking a lot of his presidential aspirations on attracting disaffected Trump voters and so on. Andrew Yang was first seriously featured on the Joe Rogan Experience and since then has been on the Rubin Report, David Pakman Show, H3 Podcast and other extremist independent media. The first two especially are considered havens of extremist right wing thought. Yang did bring up on JRE however that UBI was an idea that Milton Friedman put forward.
The obvious question is cost and he says that simplification of the welfare system by replacing dozens of programs with one of them (at least below a thousand dollar monthly threshold) would simplify things, also UBI would increase consumer spending and increase things like charity donations and have as he calls it "trickle up" effects and the main way he'll generate revenue is via taxing Big Tech and other companies who avoid paying taxes, in his words taking a chunk of every Amazon purchase, Uber mile and Facebook ad. He also cites the example of how popular Alaska's payments are from Big Oil as another and says his will be funded by Big Tech.
What is your all opinion of UBI?
The obvious question is cost and he says that simplification of the welfare system by replacing dozens of programs with one of them (at least below a thousand dollar monthly threshold) would simplify things, also UBI would increase consumer spending and increase things like charity donations and have as he calls it "trickle up" effects and the main way he'll generate revenue is via taxing Big Tech and other companies who avoid paying taxes, in his words taking a chunk of every Amazon purchase, Uber mile and Facebook ad. He also cites the example of how popular Alaska's payments are from Big Oil as another and says his will be funded by Big Tech.
A Rule for Conservative Anti-Poverty Plans: Keep It Simple
Today's byzantine set of assistance programs is enough to baffle a policy specialist, much less the intended beneficiaries. Reformers need to streamline the system.
www.theatlantic.com
What is your all opinion of UBI?