I think this is worth the time to read and that the policy of UBI deserves some consideration. It's an idea that has potential to appeal to people across the political spectrum, as evidenced by diverse array of economists and politicians that have supported variations of it, but I'm not convinced that Yang's version fits that bill.
While I believe that some form of UBI could be an improvement over the status quo, I am very weary of having to raise an additional $800 bn per year in taxes and allowing current welfare recipients the choice of receiving the Freedom Dividend or retaining their current benefits. One of the biggest advantages of UBI would be the elimination of legacy entitlement bureaucracies.
I'm also extremely dubious of all the fear mongering about AI and robots taking our jobs. We've been through similar changes before. Half of all Americans used to work in agriculture compared to the 2% that do today. Also many of the "smartest people in the world" are perpetually missing the mark when it comes to predicting the viability of autonomous vehicles and other trendy technology.
I think this is worth the time to read and that the policy of UBI deserves some consideration. It's an idea that has potential to appeal to people across the political spectrum, as evidenced by diverse array of economists and politicians that have supported variations of it, but I'm not convinced that Yang's version fits that bill.
While I believe that some form of UBI could be an improvement over the status quo, I am very weary of having to raise an additional $800 bn per year in taxes and allowing current welfare recipients the choice of receiving the Freedom Dividend or retaining their current benefits. One of the biggest advantages of UBI would be the elimination of legacy entitlement bureaucracies.
I'm also extremely dubious of all the fear mongering about AI and robots taking our jobs. We've been through similar changes before. Half of all Americans used to work in agriculture compared to the 2% that do today. Also many of the "smartest people in the world" are perpetually missing the mark when it comes to predicting the viability of autonomous vehicles and other trendy technology.