Andrew Yang's Freedom Dividend: Will You Really Get $1000 Per Month?

Andrew Yang's Freedom Dividend: Will You Really Get $1000 Per Month?

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Andrew Yang is running for president as a Democrat in 2020 to implement a guaranteed income. This form of basic income that he is proposing for the United States is a set of guaranteed payments of $1,000 per month, or $12,000 per year, to all U.S. citizens over the age of 18. Yes, that means you and everyone you know would get $1,000/month every month from the U.S. government, no questions asked.

WHY DOES ANDREW YANG WANT TO IMPLEMENT THE FREEDOM DIVIDEND IN AMERICA?
Andrew Yang wants to implement the Freedom Dividend because the US is experiencing the greatest technological shift the it has ever seen. By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their jobs to automation in the next 12 years. Our current policies are not equipped to handle this crisis. Even our most forward-thinking politicians are unprepared.

As technology improves, workers will be able to stop doing the most dangerous, repetitive, and boring jobs. This should excite us, but if Americans have no source of income—no ability to pay for groceries, buy homes, save for education, or start families with confidence. Then the future could be very dark. Our labor participation rate now is only 62.7 percent, lower than it has been in decades, with 1 out of 5 working-age men currently out of the workforce. This will get much worse as self-driving cars and other technologies come online.

This basic income, funded by a simple Value Added Tax would guarantee that all Americans benefit from automation, not just big companies. An additional $1,000 a month would provide money to cover the basics for Americans while enabling us to look for a better job, start a business, go back to school, take care of loved ones or work toward our next opportunity.

Who WOULD GET THE FREEDOM DIVIDEND IN ANDREW YANG’S PLAN?
Every U.S. citizen over the age of 18 would receive $1,000 a month, regardless of income or employment status, free and clear and no jumping through hoops. Yes, this means you and everyone you know would receive a check for $1,000 a month every month starting in January 2021.

What would you do with $1,000 a month on top of whatever you now make? Let’s find out.

Comment below! HOW WOULD WE PAY FOR THE FREEDOM DIVIDEND?
Andrew proposes funding the Freedom Dividend by consolidating some welfare programs and implementing a Value Added Tax of 10 percent. Current welfare and social program beneficiaries would be given a choice between their current benefits or $1,000 cash unconditionally. most would prefer cash with no restriction.

A Value Added Tax (VAT) is a tax on the production of goods or services a business produces. It is a fair tax and it makes it much harder for large corporations, who are experts at hiding profits and income, to avoid paying their fair share. A VAT is nothing new. 160 out of 193 countries in the world already have a Value Added Tax. All of Europe has an average VAT of 20 percent.

The means to pay for the basic income will come from four sources: