Posted on 01/15/2019 10:12:36 AM PST by John Semmens
Entrepreneur, Ivy-Leaguer, New Yorker, and prospective 2020 Democratic presidential candidate Andrew Yang hopes to win his way into the White House on a promise of a $1,000 per month “freedom dividend” to every American family.
“Critics will say my idea is impractical,” Yang predicted. “But I’ve just initiated a pilot test of the concept with the Fassi family of Goffstown, New Hampshire. I gave them their first check on New Year’s Eve. The checks will continue for the entire year. I predict that their lives will be enriched and their anxieties relieved. If elected president in 2020 I will extend the program nationwide.”
Yang’s critics seem more likely to be in touch with reality, though. A pilot test with a sample size of one is not a valid scientific study. Giving $1,000 per month to 126 million US families carries a $126 billion per month and $1.5 trillion per year cost.
Still, Yang remains optimistic. “I don’t believe lack of money is as much of an impediment as lack of vision,” he maintained. “Given the US government’s unlimited power of taxation and the Federal Reserve’s ability to create as much money as it deems necessary, I’m confident we can fund the ‘freedom dividend.’ Between making a few donations to congressional candidates and twisting some arms once I have access to confidential IRS and FBI files, I believe I will be able to persuade the necessary parties to carry out my plan.”
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https://azconservative.org/2019/01/12/black-caucus-demands-course-correction-for-u-s/
This might actually work as part of the Fair Tax. Increase the -prebate” to $1000 eliminate all other Federal largess. Tinker with the Fair Tax rate so no deficits. Limit the prebate to citizens over 18. Might even be able to eliminate Socialist insecurity.
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