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What happens if America rolls out the $1,000 per adult Freedom Dividend?

Asked by JLeslie (59828points) September 28th, 2019 from iPhone

Presidential hopeful Andrew Yang is proposing a universal basic income (UBI) of $1,000 per month for each adult American citizen. He’s going to be getting the money by taxing extremely profitable companies like google and Amazon, instead of letting them pay very low or no taxes with current tax law.

Here is a link to Yang’s website you can easily X out of his request for donations if that pops up first. He has a really good FAQ section. https://www.yang2020.com/what-is-freedom-dividend-faq/

For the Q, lets try to really think about the state of America now, and how you think it will affect America. I’m sure people will bring up other countries as examples, but we all know there are positive and negative examples around the world of socialism. Yang is not proposing a government take over of businesses and property nor dictatorship. He’s not a communist.

Some questions I have:

1. Would you stop working, or work less, if every American adult citizen was given $1k per month?

2. Do you think the amount should be different than $1k?

3. Would one benefit be that older people could retire sooner, so young people would have more employment opportunities?

4. If you don’t quit work, what would you do with the extra money? Spend? Save? Donate?

Aside from the questions I wrote out, I’m interested in your other thoughts on the topic.

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