Valid criticisms of Yang's UBI:
To sum up:
- UBI would cost 253.8 billion per month / over 3 trillion per year - inflation any one?
- Yang's reasons for instituting UBI are based on false interpretations of historical figures (MLK, Nixon, Friedman).
- Yang's reference of the Alaska permanent fund dividend as evidence that UBI works (funded by petroleum profits and mineral leases) is inaccurate as it is based on oil prices (that rise and fall). Alaska's budget deficit also effects the size of the payout - currently making it inadequate to cover even basic expenses.
- Yang blames manufacturing automation on job loss but neglects to recognize job outsourcing and offshoring.
- Yang falsely assumes driver-less trucks will replace all truck driving jobs - the american center for mobility cites, "In the coming decade, automated vehicles will not significantly, if at all, impact truck driving jobs".
- Very few occupations consists of activities that can be entirely automated. Most consist of some activities that can be automated. Making the workplace enhanced by automation, not dominated by it, "Even with automation, the demand for work and workers could increase as economies grow, partly fueled by productivity growth, enabled by technological progress".
- Yang's VAT tax on corporations assumes that it will somehow be passed to consumers who will then use it to buy things... what about saving?
- Yang believes people would stop committing crimes and start taking better care of themselves... if only they had an extra $1k per month.
The host closes with statements that agree with DeepDiver's long summation on buying up gold as a means of weathering the incoming hyper-inflation should memes and feels carry this guy to the white house.
To sum up:
- UBI would cost 253.8 billion per month / over 3 trillion per year - inflation any one?
- Yang's reasons for instituting UBI are based on false interpretations of historical figures (MLK, Nixon, Friedman).
- Yang's reference of the Alaska permanent fund dividend as evidence that UBI works (funded by petroleum profits and mineral leases) is inaccurate as it is based on oil prices (that rise and fall). Alaska's budget deficit also effects the size of the payout - currently making it inadequate to cover even basic expenses.
- Yang blames manufacturing automation on job loss but neglects to recognize job outsourcing and offshoring.
- Yang falsely assumes driver-less trucks will replace all truck driving jobs - the american center for mobility cites, "In the coming decade, automated vehicles will not significantly, if at all, impact truck driving jobs".
- Very few occupations consists of activities that can be entirely automated. Most consist of some activities that can be automated. Making the workplace enhanced by automation, not dominated by it, "Even with automation, the demand for work and workers could increase as economies grow, partly fueled by productivity growth, enabled by technological progress".
- Yang's VAT tax on corporations assumes that it will somehow be passed to consumers who will then use it to buy things... what about saving?
- Yang believes people would stop committing crimes and start taking better care of themselves... if only they had an extra $1k per month.
The host closes with statements that agree with DeepDiver's long summation on buying up gold as a means of weathering the incoming hyper-inflation should memes and feels carry this guy to the white house.
two scoops
two genders
two terms