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What I don't get about Yang's pitch is that $1,000/mo is sold as a basic income. In what part of America can $1,000 pay for rent/food/power? Why bother calling
by PostOnce 7y ago
What I don't get about Yang's pitch is that $1,000/mo is sold as a basic income. In what part of America can $1,000 pay for rent/food/power? Why bother calling it a basic income and not just a universal tax credit or something, if it isn't in fact a basic income (which means enough to survive on)?
- toomuchtodo 7y agoThat’s the US poverty line for a single person. It can be done. It’s not comfy, but it can be done.
- gamechangr 7y agoHe does in fact do just that. He calls it " A freedom dividend" https://www.yang2020.com/policies/the-freedom-dividend/ https://www.yang2020.com/policies/the-freedom-dividend/ Yang doesn't mean for it to be enough to survive on. He means it to be enough to "supplement people to get out of a scarcity mentality".
- derrick_jensen 7y agoYou can live pretty comfortably off of $1000 a month (as a single person) in the Midwest. If you are in some sort of relationship, you have an effective $2k (not including the savings from not having to pay for rent again). If you need more money, save some money up over time and put it into a mutual fund or another financial device.
- mac01021 7y agoIt seems like he may have switched more recently to calling it "the freedom dividend", rather than UBI. I'm not sure how consistently, though. Also, in most of the USA, $1,000 is enough for rent, food, and power, at least with a flatmate taking on half of the rent.