A Quote by Andrew Yang
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.
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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.
The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent.
While it won't solve all the world's ills - and ideas such as a rent cap and more social housing are necessary in places where housing is scarce - a basic income would work like venture capital for the people.
We need more housing in San Francisco, plain and simple, and we especially need more affordable housing for our low-income households, seniors, teachers, formerly homeless people, veterans, and middle-income residents.
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.
In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.
Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses.
Instead of a universal basic income, we could have a basic income guarantee. Or, as economists prefer to call it, a negative income tax.
…It’s like a spiral: They keep making everything more basic so it will appeal to everyone. And gradually, everyone gets used to everything being basic, so we get less and less varied as people, more simple. So the corps make everything even simpler. And it goes on and on.
No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.
For the typical Americans, most of their income comes from wages. So, for people making less than $1 million a year, about 70% of their income comes from wages. But for those making more than $1 million, for the top 0.3%, it's the opposite.
It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more.
You want to give people a reason to hate my guts more? I'm making more money.
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.
Raising the federal minimum wage won't just put more money in the pocket of low-income families - it also means they spend more money at the businesses in their neighborhoods. [Donald] Trump's against that as well.
Musicals are so expensive to put on the stage that you have to have the backing of a corporate, you have to have Universal Studios or Disney or somebody to put in the money.
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