Give it to me straight. From an economic standpoint why won't his policies work?

Give it to me straight. From an economic standpoint why won't his policies work?

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If he starts universal payment everyone just puts their prices up to make it null

So what you're saying is that economic policies are irrelevant because the economy is a zero sum game?

This is what they say about minimum wage laws but it never actually happens.

Capital flight.

>why won't his policies work?
Because no one wants to make it work.

You can literally gut social welfare programs like food stamps to pay for the Freedombux program which would run 100x more efficiently.

You know how many Americans are currently on welfare, food stamps, government assistance, etc? Millions. Yet for some strange reason none of this contributes to inflation. But UBI magically will. Weird how that works.

Hope it end disastrously for usd, we hold crypto

this. you can't rob peter to pay paul and expect peter to stick around.

People will commit to living only in their UBI in big communes

explain. He's not proposing increasing capital gains taxes afaik

It's exactly how it happens actually. Also businesses offset the added cost by cutting labor force and spreading the burden over the remaining employees.
About the question posed in the OP. When everyone gets $1k then no one gets $1k.
I would like to add that NEETs are a fucking plague on society and deserve nothing.

Inflation.

Niggers. Ironically, literally, and metaphorically.

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Nobody is suggesting more US dollars be printed. Just that it's distributed differently.

Using this thread to ask a question
youtube.com/watch?v=VtBt2OSL2Mw
This conservative youtuber claims that people will largely use UBI to pay off bills, rather than spending it directly on consumer goods, which will lead to economic collapse. Maybe I'm economically illiterate, but did he just pull this idea out of his fucking ass? How does everyone off bills lead to economic ruin?

His policies will work bro. It's MATH boomer.

because when people get money to do nothing there's no incentive to do much more, production goes down, economy goes down, less taxes to pay for free gibs and then it all collapses

if I received $1000 per month today, I could retire. It would cover most my mortgage and I already make enough in passive income for the remainder of my bills. i'd become a barista or something stupid, work part time, get benefits and laugh at all the workers paying me for doing nothing

Niggers already receive roughly about $1000 government bucks as it is.

Because he's not white.

So they'll pay their bills with the 1k and stash the rest of their income away or something? Yeah right, that's usually how people act once they start earning more money than they did before lmao

$1000 is nothing. If that's all it takes for you to retire you are very close to it anyway

Paying off bills doesn't increase retail and new spending which = 0 growth.
Just like the FED hates it when people save instead of spend their money.

It will because everyone would be receiving it, and landlords and corp owners would know this

If I received $1000 / month I would spend it on open source AI research.
Just because you would lose sight of important things doesn't mean everyone would.

Because the $1000 he is promising is not flexible or tied to any economic variable. The Alaskan Permanent Fund, the fund that he tries to convince people is the same as his policy, changes with the price of oil. One year the Alaskans might get $1500, another year they might get $800. His plan is $1000 guaranteed regardless of the economy. A complete disaster in the making.

>give useless dumb niggers even more money
>useless dumb nigger breeds and spends it
>useless dumb nigger needs more money

Stop trying to convince of ways to give niggers your money

>If I get $1000 a month I'm gonna quit my job even though my monthly bills are $3500 a month. Why work lol when you can live for free right guys lol. UBI will take away the incentive to work. It'll destroy the economy. That's what my boomer professor Mr. Cohen told me. Human nature!

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You can live for free in prison too. You don't see everyone lining up to go to prison.

He's a Silicon Valley plant, designed to create discontent within the democratic party.

UBI is an indirect subsidy to companies like Apple, Nike, and Sony.
Every fucking chump that gets 1000 bucks on their 18th birthday is going to go buy a new smartphone and some yeezys.
It also doesn't stop landlords from just upping their rent 1000 bucks a month.
His answer that "market competition" will solve the problem is a fucking dodge.
Landlords will only be vaguely incentivized to offer low prices on a lease, just barely to the point they will beat other offers. Except that most cities are already in a housing crisis situation, with companies like black rock or invitation homes owning 5% of the housing stock. The bigger issue will be that rentors now don't respect the value of the dollar, and will more readily eat up exorbitant contracts.

Collusion even happens in market simulations, with AI that can't communicate.
Mister fucking tech gook should know better.

youtube.com/watch?v=XnhjGGRZciE

UBI is only a decent idea if you get rid of every other form of social welfare. Even then, it's still a pretty shit idea.

Because he's an Asian scammer.

Take business out of the US where would they take it to? I’d be happy if the kikes would leave maybe then I could get some cheap commercial housing.

Oh look, it’s that guy.

>hurr durr minimum wage bad hurr durr increases costs hurr durr

Some of us studied more than macroeconomics 101 you dumb cunt

fiat money and central banking doesn't work

>actually reality is fake

yeah, you got me
fiat money and central banking works so well that now we need some chink to print us some $1000 bills

This is false.

this.... it's a china hustle that doesn't address the real problems

>Studied
Obviously you didn't learn a fucking thing you brain dead fuck.

Yeah fucking right like any company is going to leave the giant us market over a tiny vat tax that literally every other modern country has

It does and it increases sensitivity to inflation. However encouraging inflation is good.if increased efficiency and automation are putting us into deflationary territory with negative interest rates.

Maybe. Who knows. It's not like economics is a real science.

Imagine thinking you can live off of 12k a year. You must be a child

Strawman.

Bullshit, the landlords are getting 1k as well. Why would they start charging more than 1% of the value of the property per year? UBI doesnt make property values increase over night.

Also, yang specifically said that those on welfare would either get 1k or it would be prorated in accordance of what they are currently receiving.

We already pay a premium on welfare nigs and the system that supports them. I think cutting out the byzantine welfare system and replacing it with a flat 1k check for everyone would pay for itself.

Paying people not to work is detrimental even if it feels nice.

Where exactly does he expect to get 2 trillion dollars from every year?

Vat, cost savings on eliminating bureaucratic positions within welfare and social services, decrease in the cost of crime, and taxing new businesses made possible by ubi in the first place.


I think it's a matter of paying slightly more on a new paradigm for much better societal returns.

This. Where would this magic money come from? Out of thin air devaluing our currency to shit causing out of control inflation, or would you tax the shit out of the haves to give to the have nots? Either of these is horrible for the US as a whole.

Needs guns to fend off the robots

>you two
>capable of reading

I said that my passive income would be enough to pay all my other bills. I'd be financially independent if I had another $12K. I currently get about $24K in passive income you twatwaffle

Holy point of UBI is to remove all the policies you just listed.

>we'll just cut spending on X to pay for Y!
Protip: they never do

They work for most people. Problem is the elite dont do policies that benefit most people

they will certainly work, they will simply hamper growth by having a VAT tax.

It's not economic problems, it's political.

If you shell out UBI then inflation will tend upwards. The Fed can fight inflation by increasing its interest rates and raising the interest rate of treasury bonds. By doing this they are essentially taking money from the rich by decreasing the margins banks make from issuing loans and raising interest rates on loans.

It isn't that it's unworkable, it's that the rich will fight for profits today even if it destabilizes the system tomorrow.

UBI facts:
1) Everyone will be happier
2) People will tend to spend more and save less = economic stronk
3) Financial literacy and security increases IQ by 15 points. Also improves health (less stress).
4) People will be able to invest their time into creative and innovative activities, making progress as human civilization. Because artistic and emotional people will not be forced to do soul-shattering tasks (bullshit job... or job for short) just to have money for food.
5) Unskilled and ambitionless degenerates will not contribute to the society having money or not. Some will improve but most will stay poor and stupid. With UBI at least they will not be a complete pain in the ass (homeless and crackheads) and hopefully also reduced criminals and socio/mental induced murderers in numbers

After the dividend, people will vote to receive more money. Thus a slippery slope toward socialism

Whether or not they will work isn't really the question.

A full gun ban bill is more likely to pass through the House and Senate and signed by the president before this $1000 free gibs pipe dream ever will.

>Rent was 1000
>Rent is now 2000
>I will not pay that, I will move to keep as much of my UBI
>Other guy with a condo: Ok, how about 1500
>Wait, why are you doing this? Aren't we supposed to all do the same thing?
>I have to pay off my condo, I can't do this kind of stupid games and wait for month for a new renter

>half of america lives off paycheck to paycheck
>still everybody wants three lcd tvs, playstations, sending their kids to private school, having some nestegg
>enter mere $1000 a month
>suddenly everybody gets off their debt lifestyle and live happely ever after frugal in a shed, and the kids don't need to private school any more, they can freely roam the woods
sure

Thats the reason they "voted" for luxury steaks at food banks too
its a logical next step from "hey you don't need to be homeless" to "I want that gucci bag and a new iphone 11 FROM THE GUVERNMENT"

because there isn't enough free money, not even with creating it with debt ad libitum

Even if that were so, the second landlord who's asking $1,500/month actually raised his rent from $1,000/month. The reality of the UBI is that without regulations that eliminate rent-seeking behavior, rentiers will capture the greatest benefit from it. In other words, landlords will get their $1,000/month UBI but they'll also take a percentage of everybody else's UBI. That is, the landlords will get *more than* $1,000/month.

Landlord is too specific a term but it's one that everyone understands. The proper term would be "rentier." With the UBI, rentiers gain an tremendous, unearned, and undeserved benefit above what everybody else get. Who are the rentiers? I'll list some off the top of my head:

1. Landlords
2. Health insurance
3. Prescription drugs
4. College tuition
5. Telecommunications companies

Essentially, any company or person with a monopoly on a product or service that people absolutely need or very desperately want will eat away a good portion of each person's UBI free money.

Why only give people $1k? Why not 10k, or a million? Then everyone would be millionaires....

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You are not smart.

>UBI facts:
'facts'
>1) Everyone will be happier
-Citation needed. Why would anyone be happier?
>2) People will tend to spend more and save less = economic stronk
Increased velocity of money is important, so is the savings rate. You WANT people to save, the caveat being that they INVEST and do not save too much.
>3) Financial literacy and security increases IQ by 15 points. Also improves health (less stress).
-Citation needed. Fluid IQ is relatively stable over a person's lifetime, having $1,000 doesn't make you 15 points more intelligent. Plenty of rich people that inherited money are dinguses.
>4) People will be able to invest their time into creative and innovative activities, making progress as human civilization. Because artistic and emotional people will not be forced to do soul-shattering tasks (bullshit job... or job for short) just to have money for food.
All with $1,000.
>5) Unskilled and ambitionless degenerates will not contribute to the society having money or not. Some will improve but most will stay poor and stupid. With UBI at least they will not be a complete pain in the ass (homeless and crackheads) and hopefully also reduced criminals and socio/mental induced murderers in numbers
'Hopefully'

Not one thing you said is a 'fact'.

This.

This is the simplest way to put it, if people truly believe handouts are the answer then why not just hand everyone billions of dollars.

It only makes sense to give the plebs enough so they can buy the products your automated factories produce.

With $1000 a month i could ez start up a career drawing furry handholding art (or something else that adds to humanity's cultural/artistic canon), and with everyone else having an extra $1000 to throw around id be way more likely to gain a patreon following

The point is that big tech companies are going to be making bank from AI tech meanwhile normal people are going to lose jobs in the millions. So they at least tax the big tech companies a bit more and give some of that tax back to every american citizen. Kinda like how quveit I think gives money every month to citizens(real citizens not immigrants) because of national oil.

Of course I don't really give a shit since I'm not from USA. But the whole $1k a month is just a bandaid fix and a way to buy freedoms away from the sheep. A lot easier to introduce gun control when people can just neet it up, smoke weed/drink and are generally more comfy. Then social credit score, more cameras etc etc until we have a China like country with a ruling elite. Whether Andrew Yang knows this or is "genuinely" trying to help USA, the result will be bad in the long term.

Now it makes sense.

I don't know why I discuss economics on a Chinese basket weaving forum, it's a waste of the degree that I wasted money to get. Everyone wants a UBI because they are shitters. The only thing that might work is an incentive based NIT.

Once everything is made by robots alone and there is absolute abundance, we will be handing out people millions of dollars

all these niggers want to create barriers for small businesses min wage just allows for more walmarts; an inflation adjusted cost of living wage is the solution, but this guy doesn't get either.

We aren't there yet. People still have jobs.

According to some people we're close to a major paradigm shift in regards to job automation and phasing out of humans. Whether you believe that probably determines if you support Yang's ideas or not.

The original Luddites, who went around destroying looms, eventually found other jobs. To date, no new machine or invention has caused long-term, mass unemployment. Yang is too stupid and full of himself to realize the fatal flaws in his programs.

If this is a serious question you should either open a book and start reading or go back to tumblr user.

The changes that occured back then were not any less revolutionary than UBI seems to be today. The percentage of the population that actually has a job has gone down dramatically since then.

Virgin UBI vs Chad Negative Income Tax

>it never happens

Lol. You don't work do you? You have absolutely no idea how an economy functions.

>We aren't there yet. People still have jobs.
Just wait till Chainlink takes off. Industry revolutionizing Automation isn't going to come in the form of robots but through the usage of smart contracts.

Negative income tax is the same thing, except worse for the rich people. I'm not arguing against it, I'm just saying that they're very similar proposals.

Look who you YOU YOURSELF ARE

80% of the OTHER PEOPLE WONT.

Idiot. McDonald's near me in Los Angeles pays $15 an hour. They're expensive as hell for what they offer now. Their Big Mac has subtly shrunk in size. If companies want the consumer to eat their cost, they'll find out a way. Believe me and people that actually work leave their house, that's exactly how it happens.

>It also doesn't stop landlords from just upping their rent 1000 bucks a month.
In Alaska everyone gets their neetbux on the same day yet landlords don't increase rent that month? Why is that? Businesses don't price gouge on that day/month either.
It was $1600 for everyone including children so a family of four would get $6400.