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Jul 31, 2019 · Yang wants to give every American $1,000 a month, offset by a VAT tax and social-welfare cuts. Learn the benefits, drawbacks and challenges of his Freedom Dividend plan.
- Townsend’s Income Guarantee
- A Success Or ‘Shortcut to Utopia’?
- Yang’s Catchy Idea May Catch on Too
In 1934, Dr. Francis Everett Townsend was a 66-year-old unemployed physician living in Long Beach, California. He claimed that when he saw older women rooting around in his trash for food, an idea hit him: The federal government should guarantee an income of $200 per month – about $3,700 today – for Americans 60 years and older who agreed to stop w...
Soon Townsend clubs in Washington, California, New Jersey and elsewhere decided to test the plan on randomly chosen club members. They gave the winners $200, assessed the quality of their purchases and calculated its economic impact. Life Magazine devoted an entire spread to a Chelen, Washington, senior citizen’s spending spree. The clubs declared ...
As with any historical analogy, there are limits. Townsend organized his supporters into clubs, whereas Yang wants website visitors and Twitter followers to bolster his campaign. And Yang’s “freedom dividend” – what the program is called if scaled up – would be more expensive because of its much broader reach. It grants $1,000 per month to all citi...
Andrew would implement the Freedom Dividend, a universal basic income of $1,000/month, $12,000 a year, for every American adult over the age of 18. This is independent of one’s work status or any other factor.
Nov 15, 2019 · Yang's signature policy, the "Freedom Dividend," is a universal basic income (UBI) of $1,000 a month for all adults. He proposes to fund it with a VAT, new taxes and fiscal savings, but faces criticism from both sides of the political spectrum.
- CBS News
- 5 min
Jul 29, 2020 · "It's virtually unanimous." VIDEO 01:55. Andrew Yang explains his plan for universal basic income. Since ending his presidential bid, Yang launched Humanity Forward, a nonprofit that bolsters...
- Yelena Dzhanova
- 2 min
Sep 9, 2019 · Yang proposes a 10 percent value-added tax (VAT) on most goods and services to fund his $1,000 monthly payments to every adult. Learn how a VAT works, who uses it, and what are the pros and cons of Yang's proposal.
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Oct 23, 2019 · Yang, a tech entrepreneur and author, proposes that the government give every American adult $1,000 a month — a form of universal basic income, no strings attached. He says this income is...
