Do The Math

A democrat running for President of the United States is Andrew Yang. Yang is running on a platform of “Universal Basic Income” (UBI). Yang promises to give all Americans over 18, $1,000 a month for life, or $12,000 dollars a year. Yang calls this a “Freedom Dividend.”

Yang reasons that as automation and technology grows, it will eliminate millions of jobs from workers. Yang’s freedom dividend will be similar to a Social Security of a basic income. Yang proposes a 10 percent Value Added Tax (VAT) to penalize companies that benefit from automation.

Lets do the math: There are approximately 194.3 million American citizens,18 and over. Let’s start with these numbers.

194,300,000 X 12,000 = 2,331,600,000,000

This is 2 billion dollars on top of an already 20 trillion debt. It’s a tax which will be passed onto consumers as higher costs for goods and services. Comparing a VAT to Social Security is deceiving at best because people have already paid into Social Security system. Depending on your work history and contributions into Social Security determines what your supplement retirement income will be. Yang is proposing a tax on high income earners and ending favorable tax treatment for capitol gains and carried interest. That means if you have a 401K or some investment plan your rate of return will be less. On top of that, Yang proposes a “Carbon Fee” to supplement additional money needed to cover his plan. Notice that Yang calls a carbon tax a fee. Basically, more taxes.

Bottom line: Yang’s proposal of offering free money for nothing is highly deceptive. First, nothing is free except the air we breathe. There are hidden costs when new taxes are proposed. Those costs are always passed down to the consumer. Second, the math doesn’t add up. Yang says his plan will guarantee an unconditional income for everyone over 18 years of age. Does that include illegal aliens and other non-citizens living in the United States? Yang’s proposal says only US citizens, but we all know how entitlement programs are run by socialist leftist politicians. It will eventually lead to expansion of the program to include non-citizens. Fourth, it removes any incentives to work. It creates another entitlement program. All entitlement programs eventually cost more over time. Just look at the exploding costs of Social Security and Medicare/Medicaid.

Yang’s proposal is nothing more than a socialist gimmick for votes by promising “Free Money”. Just what we need another government run entitlement program. Government was never meant to dole out taxpayer money. Government doesn’t make any products. Government taxes products. The constitution does state the government responsibility to promote the general welfare of the nation. Nowhere in the Constitution does it say to provide welfare or a universal basic income. By taxing others to redistribute wealth is an age old socialist argument for income equality and not opportunity equality. That’s what the Constitution says in promoting the general welfare clause, providing opportunity equality.

Yang uses fear, uncertainty, and doubt (FUD) to offset his claim that technology and automation will eliminate jobs. On the contrary, technology will create new jobs. The claim that automation will create huge unemployment has been around since the industrial revolution. Technology actually creates new jobs, better paying jobs, and more leisure time. As our standard of living grows with automation, our lifestyles are made more comfortable, less toiling, and more free time to development more opportunities. As long as the government is confined to the bounds of the Constitution, taxes and regulations are kept low, then economic development flourishes. More government does the opposite, it suppresses economic development.

Final point: If a universal basic income actually worked, then why aren’t countries adopting this methodology? The answer is they have tried, and it failed. Like all socialist programs it caused higher unemployment, fewer jobs, and less opportunity. People want to work. They want the rewards of work. They like the freedom to work.

UBI has been tried in other States and cities in America. It’s been tried in other countries, and the results have been the same. UBI isn’t a new scheme that hasn’t been tried before, it has. There are documented studies on where UBI has been tried and failed. But the lure of free money is a powerful intoxicant. People need to do their homework whenever these schemes are proposed. If it sounds to good to be true, it probably is.

 

 

 

Economic Terrorism

Overwhelmed

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If Seniors don’t get their Social Security checks, then Obama made that happen.

The purpose is to overwhelm the economy.  Create an economic crisis, and cause an economic collapse from within.  By making this False statement, Obama is continuing his war against the United States Constitution.  He’s gone after the First Amendment by attacking free speech.  You cannot criticize Obama, or else you’ll be called a racist.  He has attacked the Second Amendment by selling guns to the Mexican Drug Lords.  Obama deliberately fabricated an environment to restrict guns in America.  Obama has attacked the Fourteenth Amendment by using the Commerce Clause to force the American people to purchase Government Healthcare insurance.

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An opinion article written by Wayne Allyn Root outlines Obama’s agenda to destroy our Capitalist economy and turn it into a Marxist – Socialist economy, dominated by dependent class government union workers.  Obama is purposely overwhelming the economy through social and economic crisis.  Here are some of the points:

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— Universal health care. The health care bill had very little to do with health care.  It had everything to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions).

— Cap and trade. Like health care legislation having nothing to do with health care, cap and trade has nothing to do with global warming. It has everything to do with redistribution of income, government control of the economy and a criminal payoff to Obama’s biggest contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants.

— Make Puerto Rico a state. Why? Who’s asking for a 51st state? Who’s asking for millions of new welfare recipients and government entitlement addicts in the middle of a depression?  Certainly not American taxpayers. But this has been Obama’s plan all along. His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.

— Legalize 12 million illegal immigrants. Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt America. But it adds 12 million reliable new Democrat voters who can be counted on to support big government.

— Stimulus and bailouts. Where did all that money go? It went to Democrat contributors, organizations (ACORN), and unions — including billions of dollars to save or create jobs of government employees across the country. It went to save GM and Chrysler so that their employees could keep paying union dues. It went to AIG so that Goldman Sachs could be bailed out (after giving Obama almost $1 million in contributions).

— Raise taxes on small business owners, high-income earners, and job creators. Put the entire burden on only the top 20 percent of taxpayers, redistribute the income, punish success, and reward those who did nothing to deserve it (except vote for Obama).

As stated, if Social Security checks don’t get issued, then Obama will have caused it.  Is Obama that cynical that he would allow Social Security checks not to be issued?  The Social Security system is already programmed to issue check in August.  Social Security is not a debt issue, because it is not expenditure.  It has already been paid into by millions of people.  Even though the government has been borrowing against Social Security for years, the trust fund that was supposed to be protected, is now in jeopardy of not being solvent to write checks because of a budget deadline?

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Marco Rubio tells it like it is!

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The democrats had over 800 days to complete a budget.  They owned both Houses and the Executive and they couldn’t pass a budget?  This is more proof that Obama is deliberately guilty of government malfeasance.  Obama should be Impeached and removed from office.

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Holding a Gun to America's Head

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What’s For Dinner?

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Grilled Teriyaki Mahimahi over Steamed Jasmine Rice and Saute’ Vegetables

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