Earlier quoted context omitted.
Yang's implementation is very regressive. You have the regressive VAT tax, but then you also have the fact that you are cutting government benefits then giving everyone $1000. So the poor just end up net poorer. Example: Now: $12,000 a year + $12,000 in benefits = $24,000 $50,000 a year + $0 in benefits = $50,000 UBI: $12,000 a year + $12,000 in UBI = $24,000 $50,000 a year + $12,000 in UBI = $62,000 The poorer perso…
You're missing a couple of things - first, it isn't zero sum. I don't care if I'm poor relatively as long as I'm not poor absolutely. Second, the average benefit isn't $1,000 a month and in almost all cases the $1k per month is an increase on existing benefit numbers. Third, since it doesn't come with strings, you don't have to worry about losing your benefits when you get a job or a kid leaves the home, when you rel…
This might be true for you personally, but it is not true in general; whether people are dissatisfied with their level of wealth/poverty has a great deal to do with how it compares to others.