as proposed by Andrew Yang
HUMAN-CENTERED CAPITALISM
Capitalism as an economic system has led to unparalleled innovation and improvement in the human condition. Many consider it to have “won” the war of ideas against socialism, but that simplistic view ignores that there is no such thing as a pure Capitalist system. And our current version of institutional capitalism and corporatism is a relatively recent development.
Our current emphasis on corporate profits isn’t working for the vast majority of Americans. This will only be made worse by the development of automation technology and AI.
We need to move to a new form of capitalism – Human Capitalism – that’s geared towards maximizing human well-being and fulfillment. The central tenets of Human Capitalism are:
Humans are more important than money
The unit of a Human Capitalism economy is each person, not each dollar
Markets exist to serve our common goals and values
The focus of our economy should be to maximize human welfare. Sometimes this aligns with a purely capitalist approach, where different entities compete for the best ideas. But there are plenty of times when a capitalist system leads to suboptimal outcomes. Think of an airline refusing to honor your ticket because they can get more money from a customer who purchases last-minute, or a pharmaceutical company charging extortionate rates for a life-saving drug because the customers are desperate.
https://www.yang2020.com/policies/human-capitalism/
THE FREEDOM DIVIDEND
Andrew would implement the Freedom Dividend, a universal basic income of $1,000/month, $12,000 a year, for every American adult over the age of 18. This is independent of one’s work status or any other factor. This would enable all Americans to pay their bills, educate themselves, start businesses, be more creative, stay healthy, relocate for work, spend time with their children, take care of loved ones, and have a real stake in the future.
Other than regular increases to keep up the cost of living, any change to the Freedom Dividend would require a constitutional amendment.
It will be illegal to lend or borrow against one’s Dividend.
A Universal Basic Income at this level would permanently grow the economy by 12.56 to 13.10 percent—or about $2.5 trillion by 2025—and it would increase the labor force by 4.5 to 4.7 million people. Putting money into people’s hands and keeping it there would be a perpetual boost and support to job growth and the economy.
LEARN MORE ABOUT UNIVERSAL BASIC INCOME
https://www.yang2020.com/policies/the-freedom-dividend/
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