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.
PROBLEMS TO BE SOLVED
Approx. 40 million Americans live below the poverty line.
Technology is quickly displacing a large number of workers, and the pace will only increase as automation and other forms of artificial intelligence become more advanced. ⅓ of American workers will lose their jobs to automation by 2030 according to McKinsey. This has the potential to destabilize our economy and society if unaddressed.
Good jobs are becoming more and more scarce and Americans are already working harder and harder for less and less.
It is necessary to support and preserve a robust consumer economy.
Many Americans are stuck in the wrong jobs because of a need to survive.
There are many positive social activities that are currently impossible for many to do because they lack the financial resources to dedicate time to it, including taking care of a child or sick loved one, and volunteering in the community.
The most direct and concrete way for the government to improve your life is to send you a check for $1,000 every month and let you spend it in whatever manner will benefit you the most. The government is not capable of a lot of things, but it is capable of sending large numbers of checks to large numbers of people promptly and reliably. We have plenty of resources, they’re just not being distributed to enough people right now. Let’s build a new kind of economy – one that puts people first. If there’s one policy that would transform American lives for the better, it is Universal Basic Income.
https://www.yang2020.com/policies/the-freedom-dividend/
Congratulations to our presumptive Democratic nominee, Joe Biden!
If I were to vote in a presidential
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