So. My older brother has hopped on the YangGang train. I don’t like Yang at all. I don’t agree with anything he has to say, but I was wondering on why you faggots think Universal Basic Income won’t work. I don’t believe it’ll work it all. I also believe it’s Jew backed, but would like more info on that.
I don’t know who in the right mind would want some chink as president.
>pic related
If everyone has 1000 dollars, having $1000 will become equal to having nothing.
Because it will be taxed through income tax and VAT. Purchasing parity will drop over time and quality of life will decrease.
UBI is just vote-buying
prices only stay low on certain goods because some people cant afford them and there is a finite amount of time to get something off the shelf.
Someone’s economically illiterate
Weewoo weewoo weewoo we got a retard over here
everybody already has 1000 dollars. still not useless. your argument is useless.
also 1000 buckaneers and cut all social services and such and its a bargain.
seems impossible to me it would cost around 2.9 trillion dollars a year
If I was american I'd vote for Yang regardless if it works or not.
>does not work
major economic crysis, society might collapse earlier than expected
>works
free money
>meme flag
No opinion
And yes everyone totally has 1000 yes 100%, no they don’t you nigger.
$1000 is not a lot of money.
Most of you will waste it on drugs, drink and fashion anyway,
to give you 1000$, state must take 1200$ from taxes
I love seeing low level understandings of markets and how the economy works. Anyone thinking 1k a month is going to hurt the economy and devalue the dollar is a moron. It would essentially be a stimulus. Being scared a slave to the rich and only wanting money when they make fortunes to trickle it down to you is not only pathetic, its retarded.
yeah they do. your argument is still useless independently of my meme flag
>$1000 = $0
u so smart
imagine at your local grocery store if the steak section was suddenly emptied out by noon every day because everyone has 1000 free dollars to blow through. with that kind of spike in the demand, the only logical next step would be a price increase.
now apply that concept to literally everything.
UBI will increase inflation, the people who tell you otherwise are lying. But for those itt, UBI will be have to contend with inflation that already exists and is has been steadily increasing. Also it is financially untenable unless we slash spending, ideally getting rid of welfare programs and replacing it with UBI. I don't trust anyone to actually cut spending though.
There’s a rather ignorant stigma about UBI around here, people will instantly scream “muh economic crisis” without actually looking into it or Yangs policies
"free" money has never worked and is not going to fix the economic crisis which will render your 1000 dollars worthless
Money isn't created in this plan, so it won't create inflation.
Prices might go up from higher demand, but that's not inflation.
>wants open borders
>wants to ban ice
>want to give out 1000k to everybody
>want to tax companies for having robots
>companies start hiring people because it’s cheaper for low minimum wage jobs or force people to work twice as hard
>or in the alternative hire illegals because no one is going to stop you
>no taxes from robots
>print money to fulfill $1000
>money supply increase
>inflation skyrockets
Assuming there are robots to tax. If he supports open border and banning ice who is going to stop companies from hiring illegals?
>>does not work
>major economic crysis, society might collapse earlier than expected
No, these types of things cause the slow, stagnant type of collapse. Things will clearly be going wrong, but socialists will shift the blame, encourage mass ignorance and falsehood. Sickening.
Food stamps is probably the closest thing to UBI right now.
Would you expand food stamps to everyone, not just the poor?
Would you remove spending limitations from food stamps so it can be spent on anything?
>"Hurr durr I ignore total cost and pre-existing inflationary trends"
>Stimulus actually works
Please look up the tax returns after the 2009 stimulus package. Keynesians get the rope
This.
Yang is planning to tax you $1000 and then give you $1000 and expects you to be stupid enough to be grateful for it.
No ones saying it’ll fix the economic crisis but it is extra income to make everyone’s lives easier instead of the already failed welfare state we have.
This will lessen the load of many families so they can actually take care of their children or fix their car without having to work several thousand jobs or having to give away a limb to get extra income. Our system is absolute shit, anyone who says otherwise is a boomer who lives in the past.
He's wrong, but he is talking about purchasing power so you are a retard.
I'll take a chick president if it gets me $1000 a month in addition to my autismbux. But since that yellow cocksucker only wants to give $1000 to normies, fuck him.
Fattening up the Earned Income Tax Credit might be better because it coerces people to get even a small part time job.
>welfare state broken
>give them more money
Brainlet
>What is deman-pull inflation?
You just pulled a lotta horseshit out of your ass. Do you just speculate people’s political positions? I mean he’s explained pretty well how on his website and podcasts about his policies.
Not good to spread misinformation dumb dyke
People should be more educated I agree but its also the yang gangs responsibility to prove why it will work despite theoretical and empirical evidence showing it doesn't
That's not how inflation works.
I guess that's exactly what I described. What goods do you think will be most affected by demand-pull inflation?
>be liberal
>don’t support open border
>don’t support banning ice
>don’t support automatic amnesty for stepping into the us
I can’t wait until aoc gets in his face and make him cry lol the weak little bitch he is
>Assuming that Yangs proposed UBI and the current welfare system in the US are any way similar in policy or structured other than they give a certain group of people money
You’re the brainlet buddy
>tax you $1000
*more than $1000.
Someone has to pay for the lazy nogs' $1000, and they're not making anything to pay for their $1000.
>be liberal
>give 1k to all
>ban food stamps
>ban welfare
>ban disability
>ban social security
Sure bud. Let’s see how long yang stands up for that
Yangfggots think you give a nigger a grand he would go out and cure cancer or some shit. You know what that nigger would do? Waste it all, demand more, and commit crime knowing everyone will get 1k at the beginning of the month
do you think Yang intends to give $1000 to every living human in the entire world?
I was referring to the user specifically don't strawman me. He stated that the UBI was superior alternative outcome to financial crisis, which implies the two things are independent from each other when they aren't. The only argument I'm expecting from him is "well its all inevitable so why not get more money out of it". Also you haven't demonstrated how giving people money is better than prevous welfare programs, in fact it is arguably worse because it isn't restricted to certain goods. You are over-exaggerating the current situation, which is not going to be fixed by UBI but by more free market oriented fiscal and monetary policy. Your UBI will be even less effective for the next generation if the problems aren't addressed, and in fact, UBI will hurt them because of burdensome costs.
Did this stupid fuck forget that welfare exists or something?
Get up to speed memeflag.
Do you think yang wants a border, ice, and no amnesty?
Demand-pull inflation retard. As the demand outpaces supply businesses are forced to raise prices.
Inflation is also caused by an increase of money supply. People bitch about prices but no one gave a shit when obama told the federal reserve to buy 60b MBs per month
I'd want an open borders Chink as president for $1000 that immediately changes market prices so as to be worthless.
Imagine if you will, that all social services became liquid assets. John Smith could liquidate his yearly medicare to purchase a brand new car and turn his spare room into a man cave. Sudden John gets sick and has to pay out of his pension for costly medical procedures that would have been covered under his medicare had he not liquidated it. John has to cancel his cell-phone, internet, netflix, grocery delivery, dollar shave club.
>An estimated 530,000 families turn to bankruptcy each year because of medical issues and bills, the research found.
This number would skyrocket if all social services were liquid accounts and it would bring on the economic collapse of any nation that implements it.
What goods/services will be most affected?
Normal goods I suppose. When people get more money they tend to spend at least some of it. When people have more money they tend to transition from inferior goods to normal goods. Also I suppose healthcare is one, which Yang gang seem to think is a good thing, despite this fucking up our already shit system. Maybe durable goods because of windfall?
YUP. And remember, VAT is not just for the consumer, it applies to every step of the manufacturing process, which hurts businesses despite raising prices, which really hurts the consumer.
The entire market. If everybody has 1000 the market price goes up 1000 across the board. It's Zimbabwe tier thinking.
imagine reality where universal healthcare exists you useless piece of shit.
gimme mah 1000 buckaroos
answer the question, cletus
No, why would you think that? Are you implying that people will just purchase foreign goods only? That would just devalue the dollar. I'm confused why you think giving 300 million people 1000 dollars wont affect purchasing power.
That’s your answer Mohammad. How can you say it’s only for us citizens when you have open borders and give amnesty every other year
in the end, goyim will spend all the money to jewish shit and they will be even more poor
>I'm confused why you think giving 300 million people 1000 dollars wont affect purchasing power.
Suddenly everyone is buying x% more of your goods. So you put up prices x%. Is that hard?
It finally took a pole to realize this is all a Jewish scheme
I support it, more likely to crash the system than “Israel is our greatest ally and there will never be a wall” is to fix the system
So your argument is "well its okay if we did it before"? Btw, I and many other people absolutely threw a shit fit when that happened. Quantitative Easing was one of the most hotly debated policies in the finance sector in all of financial history.
Wall's coming buddy. The rest is true tho.
But that's not how it works. In places where $15 an hour minimum wage was passed, it's not like everything suddenly went up $15.
Yes and? The economically illiterate should starve. It is natural selection at work.
One of our states (Alaska) gives each of its citizens $1000-$2000 a year. And that hasn't happened to them.
read
>Wall is coming
>Couldn’t get the wall built in nearly four years but trust me it will come if only you reelect Trump
No that's wrong. This makes our side look bad.
It happened like last month, declaration of national emergency, he got $8 billion for it, pentagon has already transferred $1 billion to get the ball rolling. You should have heard about it.
I don't think you can do sums. You take the total increase in income as a percentage, not the hourly rate.
Finland, Venezuela, etc. His argument is stupid but so is yours.
>wants to give away 1000 dollary doos to everyone
>wants to be able to take it away if you do bad things
>wants to remove the entire welfare/social services system to pay for it
sounds great, to bad it will never happen
I don't believe you.
how exactly does ICE and a border wall prevent sweat shop workers in china and bangladesh from recieving UBI?
better put: how do you expect the purchasing power to remain unchanged when the overwhelming majority of the global economy does not have access to the american UBI?
>According to U.S. Census Bureau data from 2015, the latest release, the median household income is $56,516. U.S. Census Bureau data takes a sample and extrapolates to the population as a whole, but is accurate enough.
Therefore, if the median household income increased to 57,516, the cost of every item at the Dollar Tree would increase to $1.02. Actually the quality/weight of everything in the dollar store would decrease by $0.02
My argument is you yangfaggots are saying no goyim, all the prices are going to stay the same when this has happened before and it increased everything. Now you yangfags are back pedaling on historical facts that your monkey nigger did
>we get $1000/mo
>rents go up $1000/mo
UBI is too much of a stretch desu. The boomers up top are too greedy and stupid to see the bigger picture.
I don't actually have an argument or a formed opinion. I'm just shitting out info where it appears to belong.
If you have a fully formed idea on the subject, just say it. You're probably the only economist in the entire thread.
its true, and shockingly the state is ghetto tier
It is the future. For one most jobs will become absolite, and a new economic structure will need to be introduced. Preferably a structure that is centralized and well organized to a point of providing all basic resources given labour will be automated in exchange for ideas, obedient lawfulness, controlled and responsible reproduction and so on!
Inevitable furniture, if we are lucky enough to see it through and not send ourself back to stone age! However just because one receives ubi it will, should not mean they get to rot doing nothing, proper options for good activities and fun are a must!
Ok, so take the increased income as a percentage in those states. Prices didn't raise like you think they did. I don't see what your argument is here. There are places where people literally received more money, and prices did increase, but not by the same percentage.
You don't have to believe him. You can literally look up prices
smartasset.com
It exists. Alaska does its own thing, and it uses oil money to run a small statewide UBI program.
Pompeo ‘setting the stage for war with Iran,’ says Bush-era official
Mohammad I know your country has an iq of room tempeture but follow the logic closely. What do liberals want
>no borders
People run across the border
>no ice
People can’t be removed
>amnesty for all
All the illegals get us citizenship
>all us citizens get $1000
Yes this is essentially welfare for the entire world
Okay, so this is how it works. Purchasing power is boosted by something less than 1000 but close to it (because of forecasting). As soon as markets get buyer's signals they increase prices. Purchasing power falls to what it used to be. Technically purchasing power DID change. If you want to call me pedantic, then we can just say purchasing power didn't change and therefore the 1000 dollars is useless. Still not sure where you are coming from.
Ooo dollar tree. How about we talk rent you fucking nigger
I wouldn't call it ubi otherwise you might as well call getting money back after taxes ubi
I don't see how prices couldn't raise and I am not taking your word for it. Where is this 1000 coming from? Taxes?
What would you call it? You're just pedantically splitting hairs at definitions now btw.
UBI itself is a good idea, the way Yang wants to implement it is retarded.
All economists like UBI as a replacement for EVERYTHING. Yang wants UBI, but also all existing welfare, and also medicare for all. Now to Yang's credit he says you won't be able to claim UBI on top of existing welfare, which is a restriction that will last for approximately 5 minutes once candidates start trotting single mom's on stage and saying "Shouldn't Shaniqua and her 5 kids here be covered for healthcare AND UBI?".
All economists like UBI as a replacement for everything because you don't need new taxes. Yang's own website proposes a 10% VAT and a "financial transaction tax", and this actually still falls short of paying for UBI which is why he has to say shit like "oh but it will reduce costs for X, Y, and Z" and "the economy will grow so it will pay for itself" which is the same bs lie every politician has sold for decades. And btw if you want to see why a 10% VAT is a terrible idea check out pic related.
If UBI was being done the way that economists agree is a good idea, we replace literally all welfare with a single check, and we don't put into place any new taxes, it would be awesome. Instead it's like Yang found a great idea and intentionally came up with the single worst way to implement it possible.
$1000 rent would increase to $1240 under UBI. Some places would see higher rent as rental markets adapt to influx of new income.
His argument is bad, but yours is worse. Money isn't going to be spent on only Dollar Tree, and even if it was it would absolutely increase more than what you are saying because if all money increases were spent at Dollar Tree it would massively increase demand, which you assume stays the same. I know you were just trying to use an example, but its bad.
pfd wouldn't cover you for the whole year which is what ubi has always been about.
>People run across the border
lol just start using personal identity numbers, that way you'll be able to control who's really a US citizen. Illegals don't get anything because they don't have one.
the rest of what you said is retarded because its a fact that the overwhelming majority of the worlds population either lacks the means to reach the US or the incitement
I'm anti-UBI. There seems to have been a mistake, because my first post you replied to was arguing that prices would increase.
I dunno what to tell you. This tangent is an unrelated dead-end.
You don't have to take my word for it dude, that's why I posted the link. Go down to the calculator at the bottom of the page. Also, the money could come from our bloated military budget. Take a look here
pgpf.org
If we stopped playing world police, and stopped sending money to Israel, we could cut into a huge chunk of that. I'm not a Yang tard, and I won't be voting for him but UBI is a good thing. Yes, it would come from taxes but an increase in taxes wouldn't be needed. Hell, I would be fine if they just fucked off form the middle east and cut my taxes. I don't necessarily need $1,000 deposited into my bank account.
We have personal identity numbers. It's called a social security number. The problem is, people have been selling dead people's socials for as long as they've been used for identification.