Past basic income studies show only new mothers and young adult students work less to devote more to their roles. Furthermore, $12K/year is right below the US poverty line, so we will still be incentivized to work to make the most of our lives.
Means-testing increases bureaucracy and introduces negative incentives for people to game the system. By giving it to everyone, it has bipartisan support and reminds everyone we are citizens of this great country.
No, it’s capitalism where income doesn’t start at $0/year, but at $12K/year. Socialism is state-controlled means of production; this is the complete opposite -- giving us as individuals control of our own money.
The Freedom Dividend is designed to increase the purchasing power of 94% of Americans, meaning businesses, business owners and public company shareholders will benefit tremendously from the increased spending as well.
Andrew Yang plans to exempt consumer staples from the Value-Added Tax (VAT) and is returning everyone $1K/month.
One would need to spend more than $10K/month to pay more in taxes than gains from the Freedom Dividend.