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In the U.S. there is one presidential candidate championing a UBI of $1000/mo. It would be paid for by a VAT tax. Typically VAT tax is unpopular because it is
by throwaway07Ju19 7y ago
In the U.S. there is one presidential candidate championing a UBI of $1000/mo. It would be paid for by a VAT tax.
Typically VAT tax is unpopular because it is regressive. But the UBI more than compensates for the extra tax burden.
- tj-teej 7y agoIt is not a UBI as it is not U. The McDonalds cashier is likely getting subsidized housing and food stamp benefits. Yang's plan would require that the cashier has to choose between the "UBI" or her existing benefits. I asked his campaign why they designed it this way and they did not have an answer, I was told to ask the candidate directly, which was disappointing.
- maxaf 7y ago> Yang's plan would require that the cashier has to choose between the "UBI" or her existing benefits. I'm neutral on Yang's campaign, but I like the idea of a UBI because administering it will be much cheaper than running existing benefits. Means-testing has a real and very sizeable cost. What will happen to all the guvment workers who will get laid off once existing benefits have been supplanted by the UBI? They will go home to merrily enjoy their new UBI checks.
- ryandrake 7y agoIt’s the government: They’ll just move everyone over to the new Department of UBI, with an Administrator of UBI, a Deputy Administrator of UBI, an Assistant To The Deputy Administrator, a team of consultants, inspectors, auditors, inspectors of the auditors, auditors of the inspectors of the auditors, and so on. Nobody will actually lose their job.
- maxaf 7y agoYour comment is insightful, but left me no instructions as to whether I should be laughing or crying. So, I'll do both.
- deleted 7y ago[deleted]
- dv_dt 7y agoI think UBI is definitely interesting, but it can't wholesale replace benefits. For example, a major illness like cancer now can wipe out your income, your savings, and a UBI quite easily. I think UBI might be better than a range of some lower end benefits - but the also exists a variation of needs where we should commit to helping people with, that is going to exceed almost any general UBI threshhold in many cases, and still needs to be covered as benefits.
- maxaf 7y agoWhich existing means-tested government benefits are capable of paving over a major illness such as cancer?
- dv_dt 7y agoOne example might be medicaid - given it's in an incredibly barbaric and stressful way of exhausting your finances first, then trying to get onto the program all while fighting the illness.
- jimbokun 7y ago> They will go home to merrily enjoy their new UBI checks. Which might be cheaper for the government than paying them to do their current jobs.
- cmcd 7y agoYang talks about this on JRE, the idea is that individuals know what they need better than the boards designing "one size fits all" benefits. The Freedom Dividend is meant to help replace complicated benefits for those receiving less than the $1k with a more flexible fund. Cutting back existing benefit programs saves money in bureaucracy and empowers individuals to spend in ways that most benefit them.
- kingkawn 7y agopeople are still gonna end up broke and need food, but now there won’t be food stamps specifically set aside for food, or Medicaid funding specifically set aside for healthcare? Terrible choice. People need $1,000 a month on top of what they have, not a check and slashing all their present support.
- deleted 7y ago[deleted]
- matz1 7y agoYang has separate plan to tackle housing price. So essentially the choice is between food stamp or UBI. I would argue UBI is better since it allow you to buy anything you want, no paperwork/approval process required and you wouldn't lose it as you make more money.
- ska 7y agoFWIW, the article says she has no benefits like that.
- Ottolay 7y agoI hate how well off people assume poor people are getting large benefits. Most people under the poverty line do not receive over $1k in means tested benefits. Also, millions of Americans living in poverty receive no benefits at all.[1] [1] https://www.washingtonpost.com/business/economy/13-million-people-in-poverty-are-disconnected-from-the-social-safety-net-most-of-them-are-white/2019/02/04/807516a0-2598-11e9-81fd-b7b05d5bed90_story.html https://www.washingtonpost.com/business/economy/13-million-p...
- sebringj 7y agoyah I think we tend to lean toward Yang because well, Elon does and this is a tech forum...yada yada...Yang.
- Miner49er 7y agoYang's implementation is very regressive. You have the regressive VAT tax, but then you also have the fact that you are cutting government benefits then giving everyone $1000. So the poor just end up net poorer. Example: Now: $12,000 a year + $12,000 in benefits = $24,000 $50,000 a year + $0 in benefits = $50,000 UBI: $12,000 a year + $12,000 in UBI = $24,000 $50,000 a year + $12,000 in UBI = $62,000 The poorer person receiving benefits is actually poorer then before, relatively. Someone let me know if I'm missing something.
- hisnameismanuel 7y agoYep - the key thing you're missing is that Yang is going to allow people to choose whether they want to keep their benefits or switch to UBI.
- Miner49er 7y agoHow does that change my point though? Either way they end up net poorer. If you're poor and don't take the $1000, you are the same and everyone else is $1000 richer. This makes you effectively $1000 poorer. Yang actually says UBI will save money compared to benefits. So if you pick UBI you're even more than $1000 poorer, if he's right.
- matz1 7y ago>If you're poor and don't take the $1000, you are the same and everyone else is $1000 richer. This makes you effectively $1000 poorer $1000 poorer relative to other person but not actually poorer in terms of my purchasing power.
- jonnycoder 7y agoWhat do you think purchasing power for common goods will do once millions of people are on UBI? My bet is that prices will go up.
- 7y ago
- amelius 7y agoThe US will be the last country to implement UBI.