May 23, 2019

Andrew Yang Is Right About Guaranteed Income

“he Democratic Party features a litany of presidential candidates who are, for various reasons, unelectable. Among them, however, is one candidate who is at least raising a vital issue with the potential to affect every American. He is Andrew Yang. A Gen-Xer who made his wealth in Big Tech, Yang has been on the cutting edge of the massive disruptions that are transforming our country.

Because of his experience in the tech sector and his grasp of the coming disruptions it will create, he champions the concept of Universal Basic Income (UBI). UBI is an unconditional cash payment delivered to all citizens individually, without means-testing or even a work requirement.

Yang is fond of informing audiences that UBI is not a new idea. It’s not even a liberal policy. In the 1970s, during the Nixon Administration, the late Milton Friedman supported a similar concept known as the Negative Income Tax (NIT).”

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