Current Events > Andrew Yang (Chinese American) tweets 'We need a new President' and gets 1M RTs

(+) Yeah! (+)

https://twitter.com/AndrewYang/status/1267642032077656070

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He was cool while he lasted. But now I see his 1000$ a month to every american could never work. I mean this one time stimulus payment alone has cost the government like 3 trillion dollars. And that wasn't even to every American. Imagine if $1000 a month went to every american each month, the government would be out of cash in 6 months. I wish it could happen because it would be awesome, but the pipe dream never could become true

Why'd you point out he was Chinese-American?

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he is not wrong we need change

EricDraven59 posted... He was cool while he lasted. But now I see his 1000$ a month to every american could never work. I mean this one time stimulus payment alone has cost the government like 3 trillion dollars. And that wasn't even to every American. Imagine if $1000 a month went to every american each month, the government would be out of cash in 6 months. I wish it could happen because it would be awesome, but the pipe dream never could become true

well to be fair, his plan would have a mechanism in place to get some of that money back to feed into itself (the VAT) among other things to pay for it, the one time stimulus payment was just an emergency payment for everyone since people needed money now and didn't have something in place to get it back eventually

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EricDraven59 posted...

He was cool while he lasted. But now I see his 1000$ a month to every american could never work. I mean this one time stimulus payment alone has cost the government like 3 trillion dollars. And that wasn't even to every American. Imagine if $1000 a month went to every american each month, the government would be out of cash in 6 months. I wish it could happen because it would be awesome, but the pipe dream never could become true

Ahhh dude...the 1,200 stimulus checks took around 500 B from that money.

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Will he run as a third party candidate, though? If not, what's the point of his tweet?

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EricDraven59 posted...

He was cool while he lasted. But now I see his 1000$ a month to every american could never work. I mean this one time stimulus payment alone has cost the government like 3 trillion dollars. And that wasn't even to every American. Imagine if $1000 a month went to every american each month, the government would be out of cash in 6 months. I wish it could happen because it would be awesome, but the pipe dream never could become true

1. Current spending: We currently spend between $500 and $600 billion a year on welfare programs, food stamps, disability and the like. This reduces the cost of the Freedom Dividend because people already receiving benefits would have a choice between keeping their current benefits and the $1,000, and would not receive both.
Additionally, we currently spend over 1 trillion dollars on health care, incarceration, homelessness services and the like. We would save $100 200+ billion as people would be able to take better care of themselves and avoid the emergency room, jail, and the street and would generally be more functional. The Freedom Dividend would pay for itself by helping people avoid our institutions, which is when our costs shoot up. Some studies have shown that $1 to a poor parent will result in as much as $7 in cost-savings and economic growth.
2. A VAT: Our economy is now incredibly vast at $19 trillion, up $4 trillion in the last 10 years alone. A VAT at half the European level would generate $800 billion in new revenue A VAT will become more and more important as technology improves because you cannot collect income tax from robots or software.
3. New revenue: Putting money into the hands of American consumers would grow the economy. The Roosevelt Institute projected that the economy will grow by approximately $2.5 trillion and create 4.6 million new jobs. This would generate approximately $800 900 billion in new revenue from economic growth.
4. Taxes on top earners and pollution: By removing the Social Security cap, implementing a financial transactions tax, and ending the favorable tax treatment for capital gains/carried interest, we can decrease financial speculation while also funding the Freedom Dividend. We can add to that a carbon fee that will be partially dedicated to funding the Freedom Dividend, making up the remaining balance required to cover the cost of this program.

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1` million!

daaaaaaaaaaamn

people are sending their msg

SaltyWet posted...

Why'd you point out he was Chinese-American?

Tbh its important to point out where and when minorities excel, not many Asian American politicians a large percentage of doctors are Asian American more so than percentage of Asian American politicians

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GregShmedley posted...

Sweet. Now how many of those retweeting will be voting?

The ones who retweeted to speak ill about him.

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if super tuesday was a fucking holiday or we held voting on the weekends more people would vote

I agree with Yang!

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EricDraven59 posted...

He was cool while he lasted. But now I see his 1000$ a month to every american could never work. I mean this one time stimulus payment alone has cost the government like 3 trillion dollars. And that wasn't even to every American. Imagine if $1000 a month went to every american each month, the government would be out of cash in 6 months. I wish it could happen because it would be awesome, but the pipe dream never could become true

You remove other entitlements to do so. UBI isn't meant as an additional benefit. It's a replacement for things like SNAP.

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If they stopped giving money to bail out corporations and taxed the 1% more and making it illegal to move their money overseas to avoid taxes they could afford the UBI.
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If you combined welfare, housing, SSI, SSI disablity, medicare, medicaid and farmer subsidies you could easily afford UBI

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Spooking posted...

Yang is upset because we got Donald Dollars instead of YangBuxs.

Yangbuxs would be healthier

EricDraven59 posted...

He was cool while he lasted. But now I see his 1000$ a month to every american could never work. I mean this one time stimulus payment alone has cost the government like 3 trillion dollars. And that wasn't even to every American. Imagine if $1000 a month went to every american each month, the government would be out of cash in 6 months. I wish it could happen because it would be awesome, but the pipe dream never could become true

You didn't even listen to any of Yang's speeches.
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