Posted on 01/14/2021 2:48:40 PM PST by SeekAndFind
Former Democratic presidential candidate Andrew Yang made his first appearance as a New York City mayoral candidate on Thursday, proposing a basic income program for the city’s poorest.
“We will launch the largest basic income program in the history of the country,” Yang stated. “We will lift hundreds of thousands of New Yorkers out of extreme poverty, putting cash relief directly into the hands of the families who desperately need help right now.”
Yang’s plan, a modified version of his national universal basic income (UBI) proposal, would involve providing roughly 500,000 New Yorkers “who are living in extreme poverty with an average of $2,000 per year.”
The campaign added that program would grow over time "as it receives more funding from public and philanthropic organizations." Unlike a national plan, however, the local plan would need to be part of a balanced budget.
“At the local level, where budgets are constrained, you can’t run budget deficits, the question is, what does Yang plan to cut?” Dean Baker, chief economist at the Center for Economic and Policy Research, told Yahoo Money. “If New York City wants to spend a couple of billion dollars a year on the universal basic income, it has to cut other spending or raise taxes on the rich.”
All New Yorkers would be eligible for the payments regardless of immigration status or whether they’ve been incarcerated. The direct relief would be supplementary to other benefits people receive so SNAP, TANF, Medicaid, and housing assistance recipients “would have no interruption to these benefits,” according to Yang’s campaign website.
“There will of course be expenses associated with getting the money out which given those numbers doesn't seem like he's included them,” Baker noted.
(Excerpt) Read more at finance.yahoo.com ...
There ya go all you NYC libs,,,, your savior has arrived.
Handing out welfare like Trump and Schumer wanted to.
$2000/yr?! That’s not not even months supply of crack. What a loser.
I agree with that....as long as it is married with getting rid of ATDC, Food Stamps, Rent subsidies, and welfare. Just the overhead costs in running these progroms will be a bundle.
So... who can live on $2,000 a year?
2k a year?, In New York City?, what would that get you a couple of burgers and a beer once a month?
I hope he beats Cuomo’s a$$!!
Nevermind, miss read it.
"Look at the shiny gold thing in my right hand."
It would be a Miracle when all the tax payers cut and run
And the money is coming from where exactly?
“ Yang’s plan ... would involve providing roughly 500,000 New Yorkers “who are living in extreme poverty with an average of $2,000 per year.””
... making $12/hr the new $0. Anyone making minimum wage can just quit working and maintain the same standard of living. Sure, a job will profit in addition to that income (not replace it, like unemployment pay does now) ... how many staying at subsistence levels or less will avail themselves of working in addition, vs in exhaustion/sloth simply stop working altogether?
Occurs to me Yang’s plan necessitates open borders to fill abandoned low end jobs (many minwage workers opting to quit work altogether) with people, escaping real poverty and seeing the value of work, willing to take a free check AND work from the bottom up.
I identify as poor person.
[There ya go all you NYC libs,,,, your savior has arrived.]
That’s pretty much what I was thinking. UBI is going to be a thing, I think, of the NWO. Gotta have everybody in the system.
Gah, I misread year as month. Now I’m confused about what he’s trying to accomplish.
Democrats gotta keep those ghetto warriors happy, they’re going to need them to do to us what they have planned.
This makes perfect sense . All they have to do is increase taxes on the remaining 25% of businesses that are still solvent.
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