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Date: 2024-04-23 Page is: DBtxt001.php txt00017401 |
US Politics | ||
Burgess COMMENTARY Peter Burgess | ||
Do Andrew Yang’s Basic Income Ideas Make Sense?
I’m an economist. Let’s look at what Mr. Yang says.
Image: Yang’s official campaign website Andrew Yang is running for President of the United States of America. The central plank of his campaign so far and probably the main reason he’s attracted as much attention as he has, is that he’s promising to implement a Basic Income system if he becomes president. For anyone who doesn’t know; Basic Income is a regular, unconditional payment for all resident citizens, sufficient for them to live on. It should provide people with the money they need for necessities, regardless of their circumstances. Yang’s specific proposal is that “every American adult over the age of 18” will receive a Basic Income of $1,000 per month. Now, I’m not going to retread here the general arguments about whether Basic Income is or isn’t a good idea. There are many other articles that deal with those issues. And if you’re looking for a brief overview of Basic Income, you might find this video helpful. This article, however, is about what Yang says. I’m an economist and I accept that Basic Income has many potential benefits and that it is entirely possible (from an Economics perspective, at least) to have a very successful Basic Income system. But, a poorly implemented Basic Income system might not be successful. So, looking specifically at Andrew Yang’s Basic Income ideas, do they make sense to me, as an economist? I’ve looked through Yang’s Basic Income Question and Answer section on his official campaign website and these are the things that particularly drew my attention:
Of course, if you take the view that he has virtually no chance of actually winning the presidential election, then people can vote for him in the primaries, just to show their support for the principle of having a Basic Income. They don’t have to worry much about the specifics of Yang’s proposals, because those specific proposals aren’t likely to be implemented. On the other hand, if Yang doesn’t firm up his proposals, respond rationally to criticisms that are made of them and perhaps suggest more ‘realistic’ proposals, it could unfairly cast an unfavorable light on the general idea of Basic Income. But good luck, Mr. Yang. On the whole, you’re doing a great job of highlighting a policy we really ought to be paying more attention to, because Basic Income does have huge potential to help us build a stronger economy and a better society. ------------------------------------------------------------------------ If you clapped for this article, you might also like to read some of these articles: My Basic Income ‘Stories’ on Medium.com Not all my Basic Income Medium articles are in the same place — so you might find these links helpful: medium.com And you can learn more about Basic Income by visiting my website. Thanks for reading! Basic Income Articles about Universal Basic Income (UBI) Applause from Andrew Winston and 177 others ⭐ Robert Jameson WRITTEN BY ⭐ Robert Jameson Follow Economist, Philosopher, Author and Basic Income advocate. IMOS.org.uk Basic Income Basic Income Follow Articles about Universal Basic Income (UBI) See responses
⭐ Robert Jameson
| Mar 20, 2019 (Accesed September 2019) The text being discussed is available at | https://medium.com/basic-income/do-andrew-yangs-basic-income-ideas-make-sense-344347a7e20e and |
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