Andrew Yang: The 'Asian math guy' trying to be next US president

[New World Explorer]

The 44-year-old tech entrepreneur centres his campaign on "Freedom Dividend", a proposal to provide every American between the ages of 18 and 64 $1,000 every month with no strings attached.

https://www.bbc.com/news/world-us-canada-49805207

 

 

Please preserve neutrality when commenting

[Friends just call me Ross]

 If he's serious, that's tantamount to vote buying.  

 

 

[Omoyeme]

3 hours ago, New World Explorer said:

The 44-year-old tech entrepreneur centres his campaign on "Freedom Dividend", a proposal to provide every American between the ages of 18 and 64 $1,000 every month with no strings attached.

 

Great! I could use a new Dooney and Bourke satchel to go with my comfortable new shoes I'd wear at the RC's...or the GT -- whichever comes first!

 

[Dages]

Asian math guys without any knowledge of economy maybe?  

 

I can't wait for Paradise where we won't have to listen to these.

[Thesauron]

It’s a system many economic professionals are eager to try on a large scale. The idea is to allow every person a basic income, but then cut a whole lot of other social benefits, such as welfare.

[New World Explorer]

22 minutes ago, Thesauron said:

It’s a system many economic professionals are eager to try on a large scale. The idea is to allow every person a basic income, but then cut a whole lot of other social benefits, such as welfare.

I think he means $1000 a month on top of their income or regardless income...

[Bek]

21 minutes ago, Thesauron said:

It’s a system many economic professionals are eager to try on a large scale. The idea is to allow every person a basic income, but then cut a whole lot of other social benefits, such as welfare.

As far as I remember many economists thought it a crazy idea. Some even mocked it as "helicopter money".  

 

Finland has been the only country so far that has carried out a small-scale experiment on universal basic income to see if it would give the unemployed an incentive to find work. The result was that it did not, but it made the participants feel happier.

 

Is it possible to roll out this scheme on a large scale? It is up for debate.

 

 

[Thesauron]

As far as I remember many economists thought it a crazy idea. Some even mocked it as "helicopter money".  
 
Finland has been the only country so far that has carried out a small-scale experiment on universal basic income to see if it would give the unemployed an incentive to find work. The result was that it did not, but it made the participants feel happier.
 
Is it possible to roll out this scheme on a large scale? It is up for debate.
 
 

No, quite a lot of economists feel it’s a daring idea, but worth trying. But, it is a scheme like EVERY other scheme man has come up with. It will not work for the same reason that no other scheme has worked or will work, man is not equipped to guide his own steps. That’s that.

[Thesauron]

I think he means $1000 a month on top of their income or regardless income...

Yes, regardless of income, but it is also thought to be a social safety net when rolls out properly, and that it would replace any other social benefits you might be eligible for these days.

[ChocoBro]

Wasb

2 hours ago, Dages said:

Asian math guys without any knowledge of economy maybe?  

 

I can't wait for Paradise where we won't have to listen to these.

It's simple mathematics

 

GDP + money = bigger GDP

🤣

[BenJepthah]

On 9/29/2019 at 5:06 AM, Bek said:

As far as I remember many economists thought it a crazy idea. Some even mocked it as "helicopter money".  

 

Finland has been the only country so far that has carried out a small-scale experiment on universal basic income to see if it would give the unemployed an incentive to find work. The result was that it did not, but it made the participants feel happier.

 

Is it possible to roll out this scheme on a large scale? It is up for debate.

 

 

Mincome has only ever been effective in one context in the history of the human species. 

     In the camp of Israel in the desert for forty years.  The people had a minimum income in the form of manna and an opportunity to increase their flocks by non consumption and breeding. They could then in theory engage in trade with the friendly nations and improve their lives in other ways. But the Manna Mincome was a provision of God that was not taken away from others . Human schemes all require someone to be robbed first .