WAIT! YOU MEAN GOVERNMENT DOESN’T CREATE THE MONEY IT GIVES AWAY! UN-POSSIBLE! IF THAT WERE TRUE, SOCIALISM WOULD NEVER WORK!
Presidential candidate Andrew Yang cheerfully touted his “Freedom Dividend” during last night’s debate. We will save our economy and Americans by gifting them with $1,000 a month! WOOOO!
According to Yang, robots (whom CNN just touted as racist because robots are typically white) have taken over industries and caused unemployment to rise. His grand idea? Fork over $1,000 a month to everyone and our communities will be saved. Sounds great doesn’t it? I mean seriously, who wouldn’t want $1,000 a month arriving in your bank account – supposedly tax free? Easy money is GREAT!
“Yang addressed concerns about universal basic income in an “Ask Me Anything” forum on Reddit on Wednesday. He said Democrats in Congress will be “thrilled” to have defeated President Donald Trump and will want to get the Freedom Dividend passed right away. He also has a plan to convince Republicans — or at least enough of them for the legislation to pass in the Senate.
“For the Republicans, they’ll be like, ‘Wait a minute. Do I really want to sabotage the Dividend that will help my constituents in rural areas and areas that have been devastated by automation?’” Yang wrote online.
Yang added: “Imagine their offices back home and phone lines. Cash is a hard thing to demonize. It’s tough for Mitch McConnell to argue, ‘The money will hurt you.’””
Well, guess what? That money WILL hurt us. Here’s a breakdown of his proposal.
Only adult citizens will get the money. Thus if you are counting on a $5,000 per 5 person (2 adults, 3 kids) household, you are out of luck.
If you receive government benefits, you will be required to chose between those benefits and the Freedom Dividend. Would military veterans/spouses benefits be included or excluded from that choice? It isn’t clear since currently the only benefits listed include SSI, SNAP, and WIC.
Who will foot the bill for all of this largess?
- A 10 percent VAT
- A tax on financial transactions
- Taxing capital gains and carried interest at ordinary income rates
- Remove the wage cap on the Social Security payroll tax
- A $40 per metric ton carbon tax
A metric shit ton of taxes because of course.
All of this is because the economy is the villain here.
"This $1000 a month is a path forward for many Americans, who right now are going to continue to get pushed aside by the economy," says 2020 hopeful Andrew Yang about his plan for a universal basic income.t.co/z3rWgjDhpB pic.twitter.com/t33Hm9ACv9
— New Day (@NewDay) August 1, 2019