/biz/ - Business & Finance

>>12908285
Yang mentions those that receive benefits would only get an amount that totals 1k afterwards, and those that get more than 1k don't get anything. According to the government, 68m people already get SSI, making the pop over 18 getting paid drop to 186m people.
Unemployment recipients is about 2m people, each getting between 250 and 700 per WEEK. 184m people now.
42m SNAP recipients would get 750 USD (at 250/mo from SNAP) in UBI, meaning 142m people get 1k/mo and 42m people get 750/mo (extra).

378Bn USD extra for SNAP recipients.
1.704T USD for the rest of the adult population.
2T USD total for this proposal, at a high ball, since this isn't including other benefits at the cost reduction associated.

This also doesn't include the increase population collecting SSI, reducing the total cost for this. (Although retirees will see a hit to their SSI in 2032, a 23% decrease [projected due to lack of funding] should still keep most above the 1k limit).

Also, Yang proposed immigration reform, since payout would be incentive for mass hordes. A 25% VAT would almost entirely cover the program, although that's not including economic growth spurred by additional spending and liquidity added to the economy.

Additionally, population growth allowed by increasing financial flexibility could theoretically avoid the problem SSI is facing with a decline in contributors compared to beneficiaries.

I'm not exactly for gommunism, but feeding wealth back into the system rather than allowing it to ferment would be ideal. The wealthy will still build wealth, but it will cycle through the bottom, looping capital around rather than having it stuck at the top.
I like the idea of also giving middle/lower class people who aren't retarded some capital, to get some skin in the game in terms of our society.
Even if it fails I'm not horribly concerned. It would push politics towards individual again, which is also pretty good.
Most importantly, I like how "Yang Gang" sounds.