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16 votes
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As New Zealand goes into lockdown, government considers a universal basic income to ward off economic peril
7 votes -
What if Andrew Yang was right? Mitt Romney has joined the chorus of voices calling for all Americans to receive free money directly from the government
21 votes -
California state lawmaker introduces bill to create universal basic income of $1K a month
21 votes -
Why poor people make poor decisions
11 votes -
The economic effects of automation aren’t what you think they are
13 votes -
General equilibrium effects of cash transfers: experimental evidence from Kenya
14 votes -
How to increase taxes on the rich (if you must)
14 votes -
What Andrew Yang means
11 votes -
Stockton's basic income trial: Early results show how money is spent
6 votes -
A young mayor makes the case for a guaranteed income
11 votes -
Aino-Kaisa Pekonen – No-strings-attached basic income model would not be a part of the government's social welfare overhaul
7 votes -
Should the US and the states create their own Sovereign Wealth Fund?
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world The Norway...
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world
The Norway Fund has been the receiver of all of Norway's Gas Taxes and Profits but has not paid out anything, so its only grown. But its intend purpose is to supply a form of a UBI (or subsidize Gov't tax revenues if the taxes were to ever fall short enough)
To Fund it, in the US, we need the Gas tax to be quadrupled. Double ($1/gal) it to properly pay for road maintenance and to pay for properly funded and expanded metro development, Greener metro lines, bike lanes, double it again ($2) to pay for Wealth Funding
This gas tax funding of $1/gal would contribute 175Billion in investments
After 40 years the wealth Fund would provide $7 Trillion Annually to pay for a UBI for as long as the US were to want it. Without any additional tax revenue
I think we can look at other jobs and industries where there is a boom and bust cycle, casinos, and where future income should be considered
Mississippi Gambling Revenue and therefore taxes has fallen 31% in 2018 (tax revenue $234 million) vs 2008's (345 million) best year numbers.
If Mississippi had contributed it's taxes to a Sovereign Wealth Fund instead of using it as a Substitute to Government taxes what would the effect have been.
A year after gambling was Legalized in Mississippi, skipping the first years taxes, the state of Mississippi has received Gaming Taxes, Starting in 1994, a total of $6.3 Billion in tax revenues
If those same taxes had been invested in a Wealth Fund its current value would be ~$29.6 Billion
Of course this would have required Mississippi to create 6 Billion in alternate tax Revenues, and this is the stump speech Yang needs to create.
Because in 5 years when Gaming Revenues have dropped another 50% its time for Mississippi to be ready, and in this case you're sitting on a $50 Billion Wealth Fund. That can pay out $4 billion a year to its 2.9million residents or fund the government services instead of deep cuts
14 votes -
Distributional analysis of Andrew Yang’s Freedom Dividend
8 votes -
What would happen if we just gave people money?
37 votes -
Andrew Yang: The 2020 candidate warning of the rise of robots. The entrepreneur says Trump won in 2016 because the US automated away jobs – so he wants to become president to do something about it.
7 votes -
What happens when techno-utopians actually run a country
11 votes -
Universal basic income is Silicon Valley’s latest scam
14 votes -
A tough week for tech workers, and it won’t be the last
7 votes -
What are your thoughts on a Universal Basic Income?
With the incredible pace of automation and AI taking place across all sectors of our Global Economy, countries/governments/citizens need to start seriously thinking about how we can continue to...
With the incredible pace of automation and AI taking place across all sectors of our Global Economy, countries/governments/citizens need to start seriously thinking about how we can continue to survive when there are simply not enough jobs to be had. UBI is one option that countries have attempted to "beta test" with varying results. What is ~'s[sic] opinion on UBI and automation and AI "taking our jerbs"?
41 votes