/biz/ - Business & Finance

>>16463894
he is the anti-boomer candidate so he cant win. too many boomers still alive

>>16463894
he lost all of my respect after he bawled like a woman in front of a crowd

>A VAT will have no negative impacts on the economy
>TARP bailouts and QE do not cause inflation

>>16463894
this guy is probably the biggest retard the dems are trotting out

>>16463955
I don't think he has ever insinuated that a VAT does not have negative effects associated with it. But it's the only effective tax that can be applied nation wide to increase government revenue. It can also conveniently be offset by tax returns or dividends, like his UBI program.

Unlike the wealth tax that literally just doesn't work at all.

>>16463955
Reminds me of another party that did that and won

>He seems to be the only candidate in the left that has any working knowledge of economics.

Ah yes the wonderful economic policy of give everyone free gibsmedats, domesticating people on the government dole like niggers and creating an hyper inflationary effect on the whole economy. The problem isn't capitalism the problem is cronyism and corporatism and the inflation of asset prices relative to wages via the FED.

>>16463972
why do you think so, with respect to his economic policies

>>16463972
https://www.forbes.com/sites/francescoppola/2017/08/31/top-economists-endorse-universal-basic-income/#6a13a55215ae

>>16463894
If you give poor people free money the end result will be

1. the cost of the goods they typically buy will increase as when demand increases and supply stays the same cost goes up.

2. The manufacturers will increase production of those goods to meet demand.

>>16464001
Which one you talking about

>>16463894
Politics is all bullshit, and yang is no exception. Theres no way to balance the budget as he claims.
But hey, the fuck the budget. Free gibs is what democracy is about

>>16463982
>lose 1000 from taxes
>make 1000 from "dividend"
HORY SHIT IT'S RIKE FREE MONEY

>>16464004
>hyper inflationary effect
did the petroleum dividend create a hyper inflationary effect in Alaska?

Also inflation is largely created by increasing the money supply in the market which UBI would not do. There wouldn't be more money chasing the same amount of goods, it would be the same amount of money across a greater amount of people.

>>16463982
>While prices will likely increase on many goods, the increase will, for the most part, be smaller than the VAT as producers find more efficient ways to produce goods and adjust prices to maximize profitability.
Obviously, producers will just make things more efficiently! Duh!

As somebody who works for the federal government, 90% of my coworkers are completely unnecessary. I’ve even worked in different agencies (I do healthcare IT, don’t worry) and the same is true no matter where I go.

Yes UBI would give undeserving people 1k but it would stop hundreds of millions from being leeched by do-nothing GS-13s and the like.

>>16464036

no because 1. it's a state and no a country and 2. it's 2k a year.

>>16464030
>lose 1000 from taxes
even assuming there were no exemptions on the VAT, at 10% you would need to spend 120k a year for it to be a net neutral for you with UBI. If you spend any less than that, its a net gain.

The math is pretty simple.

>>16464036
>ranked 47th in population
>1/5 of yang's proposal
>mostly white people live there

>>16464075
Did it create an inflationary effect at all? You can't just base assumptions on nothing.

>>16464051
so you're saying the VAT doesn't make up for the money given away? how will it be paid for?

>>16464081

As a land lord if I know the general public is getting an extra 1k a month and also increasing taxes you can bet I'll raise your rent

>>16464100

>>16464081
Why does yang always bring up Alaska?

I'd support this shit it was a tax on natural resources (along with other taxes) but introducing ANOTHER huge national tax? Fuck off with that shit

>>16464089
...??? No, i'm not saying that at all. Did you read the post? If you spend more than 120k than it's a net negative for you. That net negative is what funds the UBI.

>>16464099
You can say that about minimum wage increases or anything that would increase the amount of wealth anybody has ever. Did /biz/ forget about market economics? People would just move to properties with cheaper rent.

>>16463894
>He seems to be the only candidate in the left that has any working knowledge of economics.
Bloomberg knows more than this dumb chink.

>>16464122
Well mostly because it's the only American UBI program in existence. Also it would be a national tax offset by his UBI which again would be a net positive for anyone not spending more than 120k a year in consumer goods.

>>16463952
Crying from empathy shows me he's a good person.

>>16463894
>>16463982
>>16464006
>>16464036
>>16464051
>>16464081
>>16464128
>>16464139
>27 replies
>8 posts by this ID

>>16463972
>t. retard that would get destroyed in a debate with him

>>16464169
What's wrong with active discussion?

>>16464128
yes, let's rely on the wealthy to pay for it. rich people with top-tier accountants definitely won't find loopholes. also, show me a single reputable source that shows Yang's proposal works. besides, it needs to pass US congress, so your proposal is dead in the water anyways

https://taxfoundation.org/andrew-yang-value-added-tax-universal-basic-income/

>>16463894
pic not related?

>>16464178
hand waves everything except 1000 neetbux good
>active discussion

>>16464162
>which again would be a net positive for anyone not spending more than 120k a year in consumer goods.

Yeah fuck off faggot. Economically illiterate but also straight up theft.

Andrew Yang will win the 2020 election and the reason is simple

1. Income and wealth inequality has become a serious threat to the establishment and Silicon Valley does not want to see their heads roll in a revolution

2. Ever since 2008 a paradigm shift occurred where the old rules no longer apply to presidential elections due to social media. 2008 obama, 2016 Trump 2020 Yang. Money no longer buys a president, data does. Google and Twitter have already stated they won't support ads for campaigns. But there is this saying: absolute power corrupts absolutely and Yang seems the most attractive to techies. Zuckerberg and Musk have already mentioned they support UBI

3. If the U.S. does not start taking an aggressive stance on progress they will be left behind on as China becomes by far the leader on the 4th industrial revolution

4. The memes

>>16463894
$1k a month :)

>>16464240
>Andrew Yang will win the 2020 election and the reason is simple
He's polling at 2, retard. His polls are actually going down and his momentum is slowing. I can't wait for this chink to drop out so I never have to see his mongoloid face spammed here again.

>>16464269
5. $1,000 per month. Ever heard of politicians buying voters?

>>16464198
what did I hand wave? Bring up something specifically in the reply if you could, thanks.

>>16464187
>rich people with top-tier accountants definitely won't find loopholes
do you understand how VATs work? It's almost impossible if not actually impossible to find loopholes on a value added tax.

https://www.youtube.com/watch?v=bshcigTwuYc

Here is a "reputable" source, Greg Mankiw, one of the most prolific economists and economics writers in academia.

>>16464081
>Did it create an inflationary effect at all? You can't just base assumptions on nothing.

Its a nationalized resource tard not a tax, god I reaaallly want yang to drop out these shill and retards who support him are annoying as fuck.
Let me break it down for you nationalized resources are what, Alaska, and Denmark have not inflationary just trade as usual with the share holders being citizen.

>>16464349
Ok so what are your assumptions based on then? Lay out the economic values that are changed. Is the money supply in the market increased via UBI?

>>16464004
The niggers are already getting welfare. At least the middle class will finally get something back from taxes

>>16464343
Nice you have any more interesting sauce?

>>16464343
https://www.theguardian.com/news/2017/nov/06/lewis-hamilton-avoided-taxes-jet-isle-of-man-scheme-paradise-papers

https://www.cnbc.com/2017/06/08/loophole-allows-uber-to-avoid-uk-tax-undercut-rivals.html

loopholes will always exist. don't kid yourself, faggot

>>16464485
Lawrence Summers, just before Mankiw, former president of Harvard, director of the National Economic Council under Obama, and Chief Economist of the Worldbank in the 90s also argued for the VAT and against a wealth tax earlier in that conference. Most developed countries have a VAT in general.

https://youtu.be/7aywtAJgHsY

https://en.wikipedia.org/wiki/Value-added_tax

The wikipedia has a map on which countries have a VAT and which don't The countries in blue don't

>>16463894
Hoodnigger tier cringe.

>>16464540
I'll concede that loopholes exist (albeit much much fewer cases), but considering the exhaustive open evidence on Lewis Hamilton which would have been hidden under say a wealth tax and the very specific niche case for Uber and treating all of its contractors as individual businesses, I'd say VAT is infinitely better than any tax alternative since other countries already admit they work.

When did "working knowledge of economics" come to mean "agrees with my views"?

>>16464004
The problem is weak men.

>>16463894
He's willing to be honest, but who's really pulling the strings behind Yang? I will vote for him anyway - just to pump my cryptos. Trump has been a massive dissapoint for my crypto investments thus far.

>>16464635
the point is the wealthy will always find loopholes and there's nothing you can do about it without fascist enforcement

>>16464674
>fascist enforcement
means all the smart & wealthy people will leave the country - just like in Turkey. Not good

>>16464674
Loopholes for all!

>>16464187
>rich people are gonna avoid taxes so lets just do nothing at all

faggot

>>16463894
>UBI is the elites' last desperate attempt to pacify the masses just a little longer until we reach the technological tipping point that will allow them to forever divorce the means of production from the working class. They couldn't give two shits about rioting truck drivers the minute they've got the robotic force to squash them in ways that will make current riot police look like child's play. Andrew Gangbang is just another collectivist tool here to administer short term sedation rebranded as a providential solution to a problem they created themselves thanks to overheated industrial progress artificially propped up by endless supply of fiat money.

>>16464240
based and red pilled

>>16464269
cringe and boomer pilled

>>16464923
cringe and schizo pilled

>>16464240
He didn't make the December debate, he's done

>>16464240
this faggot is polling at 1%

>>16464923

You're in the ballpark but you got there through a weird neighborhood.

>>16464923
This, but also UBI will eventually come with strings attached, like voluntary castration and medical experimentation.

>>16464165
>Chinese
>empathy
Pick one Moshe

>>16465071
jews are doing everything they can do downplay yang and get goys to ignore him and his great policies, you dolt

>>16465080
Whatever you say Chaim

>>16463894
> only candidate with working knowledge of economics
> doesn't understand the concept of inflation

>>16464846
>denying reality

>>16464108
didn't the last mosque/synogogue shooter fail to get past the front gate, killed an old german lady, and had his toy gun jam on him for the rest of the stream?

>>16465162
reality is the state can punish rich people who do illegal things. china fucking executes billionaires who are guilty of hurting people with dangerous products. the US government can handle dealing with tax evaders if it had the actual will to do so.

>>16465192
>loopholes
>illegal
i don't think you understand the concept

>>16465217
so close them. stop being a cuck and acting like the state can't stop rich people from hiding their money.

>>16463952
>Being a man
>Crying in public
What the fuck Yang??

>>16465147
Production of goods will increase to meet demand.

>>16465172
Shhh, let then dream Anon.

>>16465242
>he doesn't realize the endless bureaucratic red tape that needs to be cut through before you can close a federal tax loophole
>he doesn't realize that by the time they finally enact new legislation to close the loophole, a new loophole is found
jesus christ are you under 18? this is a tale as old as time

>>16465254
>implying you know anything about manhood

>>16465279
everything you're describing only happens because there is no political will to stop billionaires from not paying their taxes. this is because (((billionaires))) own the government. stop being retarded

>>16465290
>there is no political will
and there never will be. you need the US congress to act. name one person in the US congress that will support Yang's plan. None? There, your NEET dream just died. now kys

>>16464657

>>16464923
>>16465053
Sounds good to me.

>>16465337
Yes, as long as you dont steal from others or destroy society by giving women voting rights.

>>16465071
>hurr durr all Chinese people are like the psychos in rekt threads

Someone please post the version of Yang crying where he has Biden behind him kissing.