Andrew Yang’s number one policy while he was running for President of The United States was Universal Basic Income. An idea of giving every American Citizen over the age of 18, $1,000 a month – no questions asked. The reason for it? Job loss, depression, and income inequality.
Due to the scary Coronavirus outbreak, right now would be no better time to bring on a plan similar to Yang’s.
“Lower interest rates do nothing for the wage worker losing shifts and tips, for the mom stuck at home looking after her child because the school closed, for the restaurant or theater losing business because people are staying in,” Yang noted yesterday on Twitter. “The only stimulus that would work is #UBIStimulus.”
Jobs are closing. People are losing out on income, if people aren’t able to go to work – how can they make money? They can’t! How can they live? They can’t!
We need to issue this $1,000 a month to people as soon as possible. We need to get ahead of the curve before this virus hit’s even more!
Josh Bivens recommends it, as does Jay Shambaugh, the director of the centrist Hamilton Project at the Brookings Institution. Jason Furman, formerly the chief economic advisor to President Obama, just called for “a simple one-time payment of $1,000 to every adult who is a U.S. citizen or a taxpaying U.S. resident, and $500 to every child who meets the same criteria,” with automatic triggers to extend the payments if economic conditions worsen.
AOC even agrees with it:
This needs to be issued immediately.