A Quote by Andrew Yang
The benefits of a universal basic income overall are huge.
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Instead of a universal basic income, we could have a basic income guarantee. Or, as economists prefer to call it, a negative income tax.
A universal basic income means not only that millions of people would receive unconditional cash payments, but also that millions of people would have to cough up thousands more in taxes to fund it. This will make basic income politically a harder sell.
A universal basic income funded by a value-added tax, which is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale, would spread the benefits of automation to a much wider group of people.
Some people have proposed universal basic income, UBI, basically making sure that everybody gets a certain amount of money to live off of. I think that's a wonderful idea. The problem is, we haven't been able to guarantee universal healthcare in this country.
I'm a capitalist, and I believe that universal basic income is necessary for capitalism to continue.
Expanding the EITC can get us close to a universal basic minimum income.
A universal basic income doesn't give people dignity or protect them from boredom and vice.
A universal basic income would be the best way to give everyone the opportunity to do more unpaid but incredibly important work, such as caring for children and the elderly.
The impending destruction of jobs due to automation and AI technologies is definitely increasing the need for - and speed at which - we have to implement big solutions, such as a universal basic income.
Zoning laws making housing more expensive? That's less of a problem with a universal basic income and more of a reason to put money directly into people's hands.
I know that there are many excellent arguments for a universal form of basic income. Since everyone would get it, it would remove the stigma that dogs recipients of assistance and 'entitlements'.
Race is a huge factor when it comes to income and social inequality, and it plays a role in the structural barriers you are talking about. But when you're in the upper echelon of the 1 percent - even though it's certainly a more white demographic overall - there are fewer barriers.
Imagine if Facebook's users received a universal basic income every day. This isn't going to be easy because it means that inherently their business model is going to take a little bit of a pay cut.
I will not cut benefits. I want to enhance benefits for low-income workers and for women who have been disadvantaged by the current Social Security system.
The concept of UBI (universal basic income) is a good concept and when Arvind Subramanian had started it, I told him that Indian politicians will say continue the existing subsidies and give this over and above.
You know, there is an image of me out there for which advocacy of a universal basic income is inconsistent. It doesn't fit the narrative because this is supposed to be the hardhearted, racist, sexist, homophobe, Charles Murray. And he wants to increase spending on the poor? That doesn't fit.
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