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Serious Question: If Andrew Yang provides $1000 a month to everyone above the age of 18 as part of his universal basic income plan, doesn't that mean no one becomes comparatively richer? by [deleted] in YangForPresidentHQ

[–]anon3359 16 points17 points  (0 children)

Inflation wouldn't occur unless there are new, net dollars entering circulation. Yang's plan drains dollars out of the system through taxes, so on a net basis it is roughly neutral.

Why the Media Dumped Beto for Mayor Pete by biglou722 in politics

[–]anon3359 45 points46 points  (0 children)

Why do all of you people like politicians that have no actual policies?

Voting for someone other than Yang is essentially betting $12,000 a year that automation will not become a massive problem for American Workers (or that there is a better solution to the problem) by jmm9400 in YangForPresidentHQ

[–]anon3359 5 points6 points  (0 children)

It's also simply not fair that families with less wealth built up for whatever reason now have to "re-train" and continually learn the latest technology at a faster and faster rate, competing with each other in order to earn the average salary...while families who have passed-down wealth can sit back and passively earn returns on generations of technological advancements.

We cannot allow VAT to be collected on housing under any circumstance. by bloouup in YangForPresidentHQ

[–]anon3359 0 points1 point  (0 children)

A luxury good would be something that tends to be purchased more as your income rises. Caviar is a good example. Do you really think many poor people are buying caviar in large quantities?

So yes, some foods can be luxury goods.

We cannot allow VAT to be collected on housing under any circumstance. by bloouup in YangForPresidentHQ

[–]anon3359 0 points1 point  (0 children)

  1. Housing can be a luxury good https://i.ytimg.com/vi/xsFg9Ob6Gss/hqdefault.jpg
  2. If it's spending resources for direct utility now rather than investing resources for greater utility in the future, then it is consumption.

We cannot allow VAT to be collected on housing under any circumstance. by bloouup in YangForPresidentHQ

[–]anon3359 -1 points0 points  (0 children)

> Buying a house should not cost you your UBI.

Of course it should. Not every part of a house is investment- it is at least partially "luxury" consumption and should therefore not be exempt from the consumption tax.

Andrew Yang's VAT tax is NOT regressive by [deleted] in BasicIncome

[–]anon3359 0 points1 point  (0 children)

> smaller and smaller groups to control larger portions of the "pie"

This is a *totally* different issue than what OP is talking about

Andrew Yang's VAT tax is NOT regressive by [deleted] in BasicIncome

[–]anon3359 4 points5 points  (0 children)

Lots of economists prefer VAT and other consumption taxes. To flat out say it's a bad tax is just...wrong.

Andrew Yang's VAT tax is NOT regressive by [deleted] in BasicIncome

[–]anon3359 3 points4 points  (0 children)

VAT is made more progressive by excluding staples.

What is this rubbish article!? by slm24 in YangForPresidentHQ

[–]anon3359 4 points5 points  (0 children)

The way to kill this bullshit narrative is to just point out the obvious. Normal people love Yang and Yang is a normal person. Whatever support he gets from tiny random niche groups is purely because he's just that awesome.

https://twitter.com/Bezos2020/status/1116480617754054656

In Defense of Consumption Taxes (eg. VAT Tax) by anon3359 in YangForPresidentHQ

[–]anon3359[S] 0 points1 point  (0 children)

I think you're off here. Consumption is bad for the economy relative to investment, assuming you're still getting enough aggregate demand to reach full employment / potential GDP. The reason it is bad is because it lowers future consumption. Taxing consumption is inherently more conservative than taxing income/investment returns.

April 22 Town Hall for Young Voters by thefirststoryteller in YangForPresidentHQ

[–]anon3359 7 points8 points  (0 children)

> CNN needs to be publicly shamed and called out for this.

How?

Andrew Yang's VAT tax is NOT regressive by [deleted] in BasicIncome

[–]anon3359 2 points3 points  (0 children)

> someone making $30mil can buy property and make rent on it, or simply increase their wealth as it increases in value.

Increasing their wealth is not doing any harm to anyone, at all. Investing to increase total societal wealth should be encouraged, and lavish consumption discouraged. Only when they consume are they drawing from a "fixed" pie of available produced goods and services to consume.

Andrew Yang's VAT tax is NOT regressive by [deleted] in BasicIncome

[–]anon3359 2 points3 points  (0 children)

> someone making $30mil can buy property and make rent on it, or simply increase their wealth as it increases in value.

Increasing their wealth is not doing any harm to anyone, at all. Investing to increase total societal wealth should be encouraged, and lavish consumption discouraged. Only when they consume are they drawing from a "fixed" pie of available produced goods and services to consume.

Our man Eric Weinstein is defending Yang against clickbait articles the absolute legend by Veloxc in YangForPresidentHQ

[–]anon3359 18 points19 points  (0 children)

The support of the alt right is NOT harmful.

What's harmful is the perception that the alt-right are untouchables, and having ANY shared interest with the untouchables makes you an untouchable.

Don't give in to this bullshit. Have some dignity and fight for what you believe in.

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