Take the Yang pill and we'll all be rich

source on the video the screenshot is from?

YANGCONNEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECT!!!!!!!!!!!!!!!

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>thinking OP was referring to UBI
How do you think the government is going to automate all the agreements it has with each of it's citizens to pay them $1k/month. Hmm... an automatic agreement? What would be the value in a network that allows automatic agreements to be executed trustlessly?

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So $1000 becomes the new $100? And everything you bought before is worth 10x less, rich money stops investing and the US crumbles to pieces. Yang gang, the chinks last hail Mary attempt at dethroning America.

>muh inflation

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> short everything
> yang win
> the economy crashes
> you're now rich

I can't wait to get universal basic income so I can play video games and eat tendies all dayyyyyyy

Inflation comes from speed of commerce first then increasing money supply. I’m still going to vote for yang though

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Voting for yang. See no better options at this point

1000 china hustles will come your way if you vote for le based chinaman

Yang is literally the only one to say "white people" in a non-negative context, so he has my vote.

Pretty genius campaign strategy honestly. It's a simple outcome normies can understand: I vote for this guy and I get $12k a year. Easy decision.

The presidential election after that will be a bidding war. Whoever can squeeze the balance sheets the most wins.

>Not knowing that all people who's Yang UBI surpasses their income will be sterilized.
I welcome this.

Vote Yang

Or we will take your all your money (pic related)

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the vat will never reciprocate the total value of the UBI money pumped into the economy.
even in the case it does, it won't stop slumlords doubling their rent rates to suck up all that loose money.
meanwhile, iphone and nike sales will grow exponentially, further funneling money into the hands of a very few companies that have throttled the market through outsourcing and marketing.

nobody will be better off

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.

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>socialists
You don't actually understand what that word means do you?

Sage. Stop astroturfing old memes yangshills.

>US budget 4 trillion
>UBI 2 trillion.

Actually I've been thinking if yang does become president it would actually be insanely bullish for BTC. Imagine how many wagecuck anons can put 1k into crypto every month.

And if it does crash the economy it would also be bullish for crypto

>paid commie shilling on a website that is alt-right and majority libertarian
wew

I think ubi could go terribly or wonderfully but either way lets give it a try

>$1000/mo
>rich
you losers are funny

turning 30 this year and i'm registering to vote for the first time. the first gamer president wants to give me $1000 a month AND pump btc to 100k?

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what is this shill shit

I'm in my 30's and I made less than $12k each year for the past 2 years. I would love to have $12k extra each year. Yang has my vote.

So the UBI tax is supposed to be 10% for 1k/mo for everyone. So if you make over 120k/yr pretax you are paying more in than out.

So now we'd have a salary cap at 120k and I suspect we'd see alot more payments made in stock options for high salary workers. The smartest thing to do would be to reinvested in equities and noninflationary assets since our buying power will be eroded to nothing once Jamal and the NEET gang start buying quality goods en masse.

Then we'll see a migration of high net worth individuals and entities from the country and an influx of unskilled immigrants seeking gibs because I sincerely doubt they're going to find employment in the US at that point.

UBI would destroy this country within a decade.

This is clear for all to see. Why is everyone so retarded user and not as smart as you?

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Because they're fucking retards and can't see the bigger picture

d-do you not have renters rights in America?

>And this UBI money would come from a vat on existing money in our economy right?
>Yup
Potentially wrong. We don't know how the government could do this. There are THREE possibilities:
1. They could just print more money which would cause a more rapid inflation
2. They could raise taxes which would screw people with a higher salary over. For example while I may get +$1,000/month, I would probably have to pay an extra $2,000/month in taxes which is an overall loss for me
3. They could reduce spending elsewhere in the budget, or entirely cut social programs in order to allocate funds for UBI
If it's option #1 or #2, I would never vote for Yang. If it's option #3, then I would vote for Yang.

BASED YANG $1000 A MONTH BASED BASED WE'LL PAY AN ADDITIONAL 10% SALES TAX TO COVER 25% OF IT AND JUST PRINT THE REMAINING 75% ADDING ONLY $2.7 TRILLION DOLLARS TO WHATEVER THE DEFICIT ALREADY IS A YEAR SO BASED WHY DIDN'T ANYONE ELSE THINK OF THIS WOW

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According to their website, they would cut food stamps and welfare and impose a 10% flat tax across the board. So a consolidation of welfare programs and an additional tax hike.

>If it's option #3, then I would vote for Yang
I should reiterate. I might vote for Yang, but most likely not due to the reasoning in this post

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>So now we'd have a salary cap at 120k
That makes absolutely no sense

This shit is already annoying. Imagine how bad it's going to be as we get closer to the election.

This meme could only possibly be the result of a half-assed content farm.

Absolute garbage. Unequivocal dreck. No joke, no point, literally presents the viewer as a porn star.

I don't know what he's paying you, but it's far too much.

Because my making more than 120k you move beyond your breakeven price with UBI and you're getting nothing back. Why would you accept more than 120k in the form of income and stay in the united states? What's the incentive?

>what’s the incentive to make 500k if you have to pay more taxes
Do you even hear yourself mate

>taking advice from a discord tranny

What I'm saying is, why not move and make that money in a country with better tax incentives?

Checkin those Linkpilled double dubs. Fuck Yang though.

Are you retarded? Landlords don't decide rent prices, the market does. You can't jump from 10% to 110% profit margins if literally any other investors can jump in and compete with you.

Dumb closed minded retard. There are various trials that have been done and are planned on being done for UBI. Done from various countries.
If there was no potential, why the FUCK would these trials be a thing then? Hmm maybe because the economy isn't as simple as your puny brain thinks it is?

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not to mention that the landlord would be a greedy fucking dickhead to be receiving the 1k from ubi and still try to swindle it out of his poor tenants, the point of ubi is to make life better/easier for everyone not to make everyone rich...

He doesn't. He probably thinks the Nordic countries are socialist too. Probably a dumbass Trumptard.

It's funny how you mistakenly believe you understand market competition only in the context of everyone getting a predictable stipend of $1000 a month and somehow not a moment before. Not only will there be inflation of the currency in the literal sense as the VAT sales tax that consumers (i.e. (You) ) will be paying covers only 25% of the proposed additional expenditures (which rival the entire current annual budget on their own), but price increases will exceed this inflation rate as they have in other industries where the government is the most (((generous))); healthcare and education.

You're the grug brained retard here, and you're a gay homosexual faggot too; how about that, huh? All of the UBI trials you could possibly cite are abject failures and if you had an ounce of critical thinking left in your druggie burnout brain you'd have already realized that.

How does giving a few thousand geographically segregated people a couple hundred dollars a month amongst an economy of millions not receiving that couple hundred dollars a month simulate UBI in any way, shape or form, particularly when we already have benefits spending affecting millions already? It doesn't.

The "UBI studies" are a complete unscientific joke that you'd have to be an absolute retarded moron idiot dumbass to allude to with any sincerity.

Norway taxes its citizens so extensively that the government maintains a fund worth $200,000 per person it could give away to each citizen all at once or selectively, and it doesn't, even though they have a homeless rate similar to the U.S.

LOOOOOOOOL

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I’m voting for Yang. If Ken Griffen gets a 200 million bailout I deserve 1k per month. UBI is a fair path forward.

I am a former drumpftard. It’s sad

Even with UBI the USA would have a better tax rate than most of Europe
Would you rather have your tax dollars go directly to the government, or spread out evenly among the population?

Okay. You're retarded.

Your arguments had no substance. They were long winded rants of "nanana I'm not LISTENIIING!!!" and "ubi is always wrong just cuz I say so".

Keep being stupid, just don't vote in 2020.

this already happens even without UBI
>why do they do business in Singapore

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The majority of the country is poor and retarded. Watch how quickly UBI gets popular

>healthcare and education

Oh yes, those absolute bastions of free market exchange. High prices definitely because of tax money contributions, not being choked with endless protectionist regulations.

That's what I'm thinking happens. They're going to vote us all into poverty. So the bigger question is how do we protect what we already have.

>make shitty argument based on asinine "studies" done by economic retards that are less representative of UBI than existing benefits programs are
>get called out on your bullshit
>admit that you're ostensilbly illiterate while claiming an argument you're too stupid to understand has no "substance"

leave this thread lmao

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$1000 a month would cause massive inflation and your $1000 would become worthless
also it would destroy the economy

do you retards not understand this?

It doesnt. There are test runs being done that show promise and you just ignore them and say "don't care".

dunning kruger effect

>Landlords don't decide rent prices, the market does.
Yes, and what happens when you dramatically increase demand without increasing supply dipshit?

Most limitations on food, shelter, etc are artificial. All digital limitations are artificial.
Robots will increase these limits 1000x
Your argument makes no sense.

No, retard. Inflation wouldn't be a thing since money would be reallocated, it wouldn't come from printed money

these tests were absolute bullshit lol
I actually want UBI to be implemented because I want you pieces of shit to become poor as fuck

kill yourself bootlicker

>Most limitations on food, shelter, etc are artificial.
No they're not, the working class consumes 99% of these things.
How would giving them 1k magically make them consume more of these things
kill yourself central bank bootlicker

>Inflation wouldn't be a thing since money would be reallocated
inflation is always a thing

>it wouldn't come from printed money
HAHAHAHAHAHA
It doesn't fucking matter.
Price increases don't necessarily come from printing money.
If all the rich people in the economy gave their money to the working class it would simply cause massive price increases because the working class already consumes 99% of all consumer goods.

holy shit just kill yourself central bank bootlicker

>dunning kruger effect
a yangcuck actually saying this lmao

Post one and explain how it is a better predictor for human behavior under UBI than existing benefits spending would be. You won't be able to, so just post one.

VAT only covers 25% of the additional expense (800,000,000~), the remaining 75% would have to be printed.

going to have to take democracy away before the useful idiots destroy everything

>VAT only covers 25% of the additional expense (800,000,000~), the remaining 75% would have to be printed.
THIS

Why do Yangcucks exist

because economics isn't taught in schools sadly, what a joke our society is

How are the tests bullshit, retard? Dunning kruger effect in action

>it would simply cause massive price increases because the working class already consumes 99% of all consumer goods.
More disposable income = more demand = more spending

Giving more money to the poor and middle class would boost the economy.

Cite a source showing how this would not be the case

Kys, retard

Your argument was literally "fuck test trials. I'm right, they're wrong"

That's a dunning kruger effect, dumbass retard

Here's one youtu.be/kl39KHS07Xc

1:51 very short video. Takes into account inflation argument, lists benefits such as more people going to school to get a skill, how working hours weren't reduced significantly, etc.

They also have various sources on their description

So let's vote for that retard trump that believes giving tax cuts to the rich is the way to go, huh? reuters.com/article/us-usa-economy-investment/1-5-trillion-u-s-tax-cut-has-no-major-impact-on-business-capex-plans-survey-idUSKCN1PM0B0

>same amount of money in economy
>same number of people needing a place to live

Having money is not increased demand moron. And what makes you think supply wouldn't increase? Minimum wagecucks cease to be tied geographically to their place of employment, opening up a market for housing development on cheap land farther from cities.

If somehow landlords are able to take significantly increased profits from rent, investors will want in and build more housing until that profit is back to equilibrium.

VAT wasn't the only way, idiot. He has a plan to implement 4 things and printing money isn't one of them

>How are the tests bullshit, retard?
because they only gave the money to a small number of people and not the entire population, all this did is transfer wealth from everyone else to this select group of people that got the money, fucking over everyone else but benefitting this small group of neets
so of course this small group of people are going to be better off.

if you gave ubi to everyone, it would just cause massive price increases and nobody would be better off
it's the dumbest idea I've ever heard and just goes to show what a lack of economic literacy has done to our society
sickening

>More disposable income = more demand = more spending
This isn't necessarily a good thing you keynesian brainlet.
Demand for the sake of demand just causes price increases, the supply did not increase.
The keynesian "multiplier" is a joke.
you brainlets suck the central bank/federal reserve's cock because you're fucking stupid

>Your argument was literally "fuck test trials. I'm right, they're wrong"
not him, but no, see above, retard

>Kurzgesagt
OH NO NO NO NO NO NO
The same group that made videos about how pouring millions of migrants into europe is a good thing lmao

Small tax cuts on the rich are fucking irrelevant you brainwashed moron.
Government spending levels(which the commie faggot trump has increased dramatically) are far more important,
the effect of central banking on the economy is far more important than slight tax cuts

>Having money is not increased demand moron.
when people go to spend it, it is, stupid.

>And what makes you think supply wouldn't increase?
Why would businesses build more housing units?

Also, prices for everything in the economy are going to dramatically increase thanks to ubi, why wouldn't landlords increase their rents?
They would get FUCKED OVER if they didn't increase their rents to the new price level

>it would just cause massive price increases and nobody would be better off
i think that depends on the ability to export your inflation. since there is large foreign demand for the USD, i think we'd be somewhat better off.

i do worry that this type of inflation export could make the US lose it's reserve currency status sooner vs. later, which some foreign governments would obviously love to see. i'm not sure if this is the angle that the accelerationists are aiming for, but it could be.

>goes to show what a lack of economic literacy has done to our society
sickening

Ya, you know more than all these economists, huh? Dunning kruger effect

Also, how do you think jobs are created in the first place, retard?
Demand.
Businesses hire based on demand, not on some whim. Ya, fuck jobs, huh?

Fucking moron.

>not him, but no, see above, retard

See the vid for an example of a test run, faggot retard.

Ubi would only "hurt" those that are extremely well off anyways, faggot. Brainless republican.

I SOOOOOOO want UBI to be implemented because I support accelerationism.
The economic collapse couldn't come any sooner.

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1. Ya nice counter argument to the vid. Holy shit kys

2. "Small tax cuts on the rich are fucking irrelevant you brainwashed moron."

How is it irrelevant? You're basically alluding to voting for trump again and that's his fucking policy, retarded dumb fucker.

>Government spending levels(which the commie faggot trump has increased dramatically) are far more important,
the effect of central banking on the economy is far more important than slight tax cuts

70% of GDP is accounted for by consumption, fucking retard

>implying that the free market won't immediately expand goods and services to absorb the extra influx of capital
>implying that giving more money away will stimulate creativity and production
>implying that the gibs from the state will not multiply to Weimar levels with successive Leftists trying to outdo one another through election cycles
>implying that taking the Yangpill is not the first step to Chinese takeover of the US and the disintegration of the remnants of our society

Remember what destroyed the black American family unit? "The Great Experiment," in the 1960s, which tried to protect single mothers. You know what it did? It incentivized single mothers, and removed fathers from the picture, causing two generations of American blacks to shatter themselves uselessly against the rocks of the inner cities for decades, in drugs, in hopelessness, and in crabs-in-a-bucket competitive tribalism.

>i think that depends on the ability to export your inflation. since there is large foreign demand for the USD
actually this is true
USA has the world reserve currency so we can export our inflation and exploit other nations, isnt it great

too bad if we implemented UBI the world reserve status would go away because people wouldn't put up with this shit anymore

the dollar would collapse

>Ya, you know more than all these economists, huh?
I do. The field of economics is a fucking joke btw, there are many economic fields competing with each other and you're an idiot if you think it's one unified field like mathematics

>Dunning kruger effect
This is you though.

>Also, how do you think jobs are created in the first place, retard?
>Demand.
AND supply, you also need supply

>Businesses hire based on demand, not on some whim.
Just demand for the sake of demand is not a good thing.
You are artificially increasing demand which will only result in price increases and nobody will be better off.
Why don't you understand this?

>See the vid for an example of a test run, faggot retard.
How does anything in the vid contradict anything I said?
Explain yourself bootlicker.

>Ubi would only "hurt" those that are extremely well off anyways
LOL The working class consumes 99% of all consumer goods.
It would primarily hurt the working class most of all because they are the primary consumers of the goods that will go up in price.

Eat shit central bank cuck.

>How is it irrelevant?
They barely have any economic effect.
Government spending levels and central banking are far more important.

>You're basically alluding to voting for trump again and that's his fucking policy
I voted for Ron Paul twice and voted for Rand Paul in the primaries, stupid.

>70% of GDP is accounted for by consumption, fucking retard
Too bad GDP is a bullshit number anyway lol

Can you believe how stupid these yangfags are?
I mean they literally HATE the field of economics and believe it's evil or something.
They worship central banking like the good bootlickers they are.

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>Why would businesses build more housing units?
Money, duh. Same cost, more profit, if rents go up. Or just lower cost (cheaper land, geographic mobility), same profit, if prices stay the same. Why would you expect investors to leave money on the table?

>Also, prices for everything in the economy are going to dramatically increase
Same amount of money in the economy so no that makes no sense.

Osaka is NOT an anarchist

>slumlord Herschel raises your rent by $1k
>slumlord Moishe across the street only raises your rent by $900
>to undercut Moishe, Herschel drops his rent by $200
>repeat until the price returns to what it was before
Competition still exists

>Money, duh.

>Same cost, more profit, if rents go up.
Except the cost increases, the price of capital increases, the amount of money needed to enjoy the things you want to purchase with the profits from being a landlord dramatically increases.
This doesn't help landlords whatsoever, they would be forced to raise rents.

>Same amount of money in the economy so no that makes no sense.
Wow you're dumb.
Do you think price increases only happen when the government prints money?
No.
If the government takes more money from rich people who were previously SAVING IT(ie. holding down prices by not consuming), and gives it to the working class who will then SPEND IT, then there is obviously more money circulating in the economy, prices will increase for everything.
Prices will first increase for consumer goods, ironically fucking over the working class the most.