Comments by "wvu05" (@wvu05) on "Yang Drops M4A, Discussed ‘VP’ For Biden" video.
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@bluesrockfan36 Bernie adds to Medicare. Yang subtracts from existing programs. The 94% figure is false. It assumes that everyone gets the full thousand. And unless Yang has flip-flopped AGAIN, he has specifically said that housing and daycare subsidies are either/or. You don't get to $600B in cost savings unless you are going after pretty much every needs-based program out there.
How is it regressive, aside from the fact that not everyone gets it? (And before you repeat the nonsense of how much better it is, the amount is already lower than the poverty level to the point that Yang has to pretend that the extended family is back or that living with your buddies is an attractive option for anyone other than poor college students.) Well, he says "every Amazon purchase." This means that he isn't talking about luxury items, but perhaps exempting some staples, although Amazon does sell groceries, so even that is iffy. My state exempts groceries, clothing, medicine, and diapers from the sales tax, and the poorest 20% pay nearly ten times what the richest 1% do as a percentage of income:
https://itep.org/whopays/pennsylvania
AT BEST, it is putting your feet on the gas and the brakes at the same time, and you don't know what will happen then.
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@bluesrockfan36 So, the poverty level for one person is higher, Yang doesn't want people to get any more benefits, it is much higher than that for single parents, and he will not give any more for children, and he was insistent to Ben Shapiro that he won't expand the benefit, and it will eliminate poverty completely? Yeah, sure.
And there have actually been studies about different versions of UBI. Ones that are below the poverty level (the study defined it as €1100 for every man, woman, and child, so about $1200) and eliminates other anti-poverty programs. The end result? Poverty and wealth and income inequality get worse:
https://www.jacobinmag.com/2016/01/universal-basic-income-switzerland-finland-milton-friedman-kathi-weeks/
For someone who went to the research place that every Yang Gang banger eventually goes, the irony is that I am actually documenting more of my research.
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