Yes. In other words, does the UBI proposition have an adjustment for inflation clause? If not, inflation will eat up purchasing power over time. The first thing you need to understand is that inflation is a monetary phenomenon. Please read this Economist’s View on Money and Inflation. So the UBI won’t spur much inflation. But… […]
Category Archives: Andrew Yang
Opinion: Why we need single-payer healthcare
Anne Wojcicki worked in finance as a healthcare analyst for investment funds. Her focus was on biotech firms. She started to realize that if someone is a healthy 100-year-old, and was never diabetic, never had heart disease, never had walking issues—then they are not generating any money for the healthcare system. The healthcare system does […]
What is Andrew Yang’s position on gun control?
All of the 2020 Democratic presidential candidates support universal background checks. Andrew Yang is the only candidate so far that does not favor a ban on assault weapons.  For many Americans, guns are a big part of their culture and identity. Responsible gun owner should continue to enjoy the right to bear arms, subject […]
Does the Freedom Dividend require more taxes?
Yes, but you need to consider the cost/benefit of these taxes, and the harmful effects of the taxes. How do you feel about the VAT? Keep in mind that the UBI is added to your overall pay. You won’t pay more in VAT than you receive in UBI unless you spend over $10,000/month. Notice that […]
Will UBI be used as neetbucks?
Neetbucks is money for people who have basically dropped out of society. Young people who are NEET are “Not in Education, Employment or Training.” It’s been a big thing in Europe for a while. The concern that people have is that with the UBI or Freedom Dividend, young people can afford to intentionally drop out […]
Does Yang want white supremacists’ votes?
Yang has mentioned that he is concerned for poor whites as their unemployment will trigger chaos and violence. Does this serve to downplay the African American’s struggle and give an easy handle for white supremacists to latch onto? A: No. Yang rejects support from white supremacists, and has said so publicly many times. If you […]
Is UBI an American idea?
Yes. If you look at the history of this idea, it’s deeply American. Thomas Paine was for it at the founding of the country. Martin Luther King Jr was for it. Milton Friedman, the leading conservative economist championed it in the 70s. It passed the House of Representatives twice, under Richard Nixon. And 11 years […]
Do Americans support Universal Basic Income?
Yes. About half of Americans support UBI, and that number is only going to go up.  References: Why Is Andrew Yang Running for President? (First YouTube Interview) @ 8:00
How does the VAT work?
The Value Added Tax, or VAT, is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption. Thus, goods which are sold for export or services which are sold to customers […]
Is the UBI a new welfare program?
No. This is not welfare. It’s universal. We are the richest, most abundant country in the history of the world, and we can easily afford $1,000/month per person. What the UBI does: Grows the economy. Enables people to afford their basic needs. Gets people’s heads above water. Helps people to invest and save for the […]