Posted on 09/04/2019 9:08:35 AM PDT by ChicagoConservative27
Andrew Yang’s (D) aggressive pitch to offer a universal basic income of $1,000 monthly to U.S. adults has been attempted numerous times on a small scale, but the experiments have not necessarily produced the desired results.
The Washington Post details an experiment implemented by a nonprofit, which aimed to give “20 African American single mothers living in public housing $1,000 each month for a year” with no strings attached. The experiment began last November, and the women began receiving checks the following month. According to the Post, most of the women – 15 total – were working at the time. “Twelve had reported being so short on cash that they had used an emergency lender in the preceding six months,” the Post reported.
(Excerpt) Read more at breitbart.com ...
The whole concept of “free money” is just so fascinating. It’s like these people understand absolutely nothing about economics.
Just give everybody ten million dollars. (We used to say a million, but I want to be sure everybody has more than enough money.)
Then nobody will have to work.
Everything will be free.
Why don’t the Old White Men and The People Who Listen To Them understand this simple fact?
How is this (bribery) not a violation for at least 10 FEC regs???
Duh, who wouda thunk it? I agree - free EVERYTHING! I want a free McClaren, and a beach side condo on Maui with garage. No, don’t need a house ... I’m not greedy ... just want my fair share of the Trillions of government money.
The most dangerous idea currently being pushed by the Left. Guaranteed to produce a vast, permanent, unemployed, parasitic underclass which is for sale to the highest bidder.
lol
“Report: Andrew Yang’s ‘Free Money’ Proposal Proves to Be a Bust”
nonsense. he just didn’t offer ENOUGH free money! He should try $10,000/month .... i bet that would get him some positive attention!
I’m still waiting for my free obama phone so guess I won’t be getting that $1k, either.
I’m short of cash and I identify as an African American woman. Where’s my money?
We somewhat already do this. The standard deduction is $12,200, which is 12M a month. At the lowest tax rate, that means the gov’t is not taking ~$120 each month. There’s your UBI, you just have to earn it first!
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