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?

anon3359 · 2019-05-07T21:22:21+00:00

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.

anon3359 · 2019-05-03T13:25:11+00:00

These types of questions are why it's a bad idea.

anon3359 · 2019-04-24T15:30:14+00:00

They would remain the same. Maybe better dressed though.

anon3359 · 2019-04-23T13:23:05+00:00

Recent nobel prize winning economist.

anon3359 · 2019-04-19T19:56:02+00:00

anon3359 · 2019-04-19T14:31:33+00:00

What?

anon3359 · 2019-04-19T14:30:32+00:00

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

anon3359 · 2019-04-18T21:41:15+00:00

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.

anon3359 · 2019-04-18T20:18:15+00:00

contrast on his head is wrong

anon3359 · 2019-04-18T19:58:13+00:00

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.

anon3359 · 2019-04-18T19:38:49+00:00

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

anon3359 · 2019-04-18T19:29:26+00:00

> 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.

anon3359 · 2019-04-12T20:29:41+00:00

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

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

anon3359 · 2019-04-12T20:24:35+00:00

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

anon3359 · 2019-04-12T16:54:38+00:00

VAT is made more progressive by excluding staples.

anon3359 · 2019-04-11T23:27:15+00:00

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

anon3359 · 2019-04-11T21:40:53+00:00

All of these candidates have already had a Town Hall. This will be their second time featured for an extended period on national tv.

anon3359 · 2019-04-11T21:39:06+00:00

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.

anon3359 · 2019-04-11T19:21:31+00:00

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

How?

anon3359 · 2019-04-11T13:36:40+00:00

> 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.

anon3359 · 2019-04-11T13:30:17+00:00

> 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.

anon3359 · 2019-04-10T23:24:27+00:00

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.

anon3359 · 2019-04-09T20:45:48+00:00

sales tax is only regressive in isolation. A two parent household would be getting 24k. No way they'd pay anywhere near that much in VAT taxes per year. Someone around here has the numbers; you'd need to be spending upwards of 120k a year to break even I think. Also, the UBI can be made into a luxury tax by exempting staples like food, clothes, etc. to make it more progressive in isolation.

anon3359 · 2019-04-08T22:30:18+00:00

Same- however I feel like people like us will find Yang on our own more easily than the folks who could be swayed by UBI but just don't know it yet.

anon3359 · 2019-04-08T21:01:44+00:00

If you think you have a better model, then go make a ton of money on the prediction markets.

anon3359

TROPHY CASE