LJ_Reloaded
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- Joined
- Apr 3, 2010
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Bone up on your Russians, patriotic Americans. First comes income-for-all. Next after that? You all get rounded up into Soviet-style labor camps!
Rightguide, AJ, Busybody, I implore you, tear up those coronavirus hoax stimulus checks! For uhmurricaaaa
https://finance.yahoo.com/news/jack...ef-fund-universal-basic-income-163957394.html
Rightguide, AJ, Busybody, I implore you, tear up those coronavirus hoax stimulus checks! For uhmurricaaaa
https://finance.yahoo.com/news/jack...ef-fund-universal-basic-income-163957394.html
Here’s how UBI would work, as Yang sees it: All U.S. citizens between the ages of 18 and 64 would receive an unconditional $1,000 per month, which would cost the U.S. between $2 trillion and $4 trillion per year. While proponents have long believed the safety net can help reduce poverty, critics argue the sheer amount of federal funds would only increase the nation’s debt load and burden taxpayers.
But the $2 trillion coronavirus stimulus law known as the CARES Act — and potentially more stimulus on the way — showcases the dire need of average Americans to stay afloat, with $290 billion dedicated to one-time stimulus checks of $1,200 to those making less than $75,000 per year.
Yang’s idea wasn’t in reaction to a pandemic, of course, but instead was rooted in the belief that automation will ultimately displace most Americans. But the novel coronavirus is keeping businesses shut and Americans at home, forcing a record of nearly 10 million workers to file jobless claims in a two-week period alone.
Perceived as a privileged cocktail hour discussion not too long ago, UBI has become a serious policy idea for governments around the world. Spain’s Economy Minister Nadia Calvino said, “We are going to implement UBI as soon as possible,” in an interview with broadcast network La Sexta on Sunday. She added that the instrument may be used “not only for this exceptional situation,” and “that it may stay forever.” While there’s no specific start date, Spain will be the first country to provide this guaranteed income if it’s implemented.