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Entrepreneur Andrew Yang, a Big Supporter Of Universal Basic Income, is Running For President (techcrunch.com)

In a recently published podcast, Andrew Yang, tech entrepreneur and founder of Venture for America, said he is vying for the Democratic party nomination to run for President of the United States. From a report: Yang outlines his radical policy agenda, which focuses on Universal Basic Income and includes a "freedom dividend." He talks about the very real and immediate threat of artificial intelligence, how new technologies are erasing millions of jobs before our eyes, and why we need to put humanity first. He also addresses "the big four" and what he plans to do about Amazon.

During the interview, Yang called out governments inability to address large scale problems and the challenges that technology is creating in modern American society. "I believe that we need to start owning these realities [of automation and artificial intelligence taking away jobs] and these challenges as a people, as a country, and as a society, and start being honest. I'm running for president to solve the big problems and to show that these things are not beyond us," Yang says. Yang's own plan to address the increasing power tech companies are wielding in the world involves something called a "freedom dividend", which would paid for by a value-added tax. The revenue from that tax (levied on "gains from the big four") would be redistributed via the "freedom dividend" to citizens, Yang says.

22 of 465 comments (clear)

  1. UBI, it's about time by losfromla · · Score: 5, Insightful

    We either plan for it now or start buying pitchforks and torches. And oiling up the guillotines because we _will_ eat the rich.

    --
    Only I can judge you.
    1. Re:UBI, it's about time by halivar · · Score: 4, Insightful

      Yeah, but if you have your way, you'll find out quickly that to someone, somewhere, *you* are the rich.

    2. Re:UBI, it's about time by Rick+Schumann · · Score: 2, Insightful

      WILL.
      NOT.
      WORK.

    3. Re: UBI, it's about time by Rick+Schumann · · Score: 2, Insightful

      Giving people handouts never fixes anything, it just makes things worse, fix the goddamned economy so people can earn a decent living instead!

    4. Re: UBI, it's about time by jwhyche · · Score: 5, Insightful

      Giving people handouts never fixes anything, it just makes things worse, fix the goddamned economy so people can earn a decent living instead!

      Well at some point you are going to find out that is has to be this way. That are start limiting births with mandatory birth control. At some point its going to become clear, there is no fixing the economy for this kind of issue. There simply isn't enough jobs out there and as technology advances jobs are going to become a ever shrinking resource.

      Of course you can also just let people starve in the streets. Look how well that worked for the French at one time.

      --
      I read at +2. If your post doesn't reach that level I will not see or respond to it.
    5. Re:UBI, it's about time by halivar · · Score: 4, Insightful

      But look at what happened to those who did the purging in all three cases: the early revolutionaries are the victims of the second purge, as punishment for their revolutionary excess.

    6. Re:UBI, it's about time by serviscope_minor · · Score: 4, Insightful

      no need to jump headlong into socialism at this point in time.

      Why not? People living in social democracies tend to have a high standard of living and a high level of happiness.

      --
      SJW n. One who posts facts.
    7. Re:UBI, it's about time by serviscope_minor · · Score: 4, Insightful

      1) standard of living has been proven to be nearly irrelevant to happiness,

      Good job I listed them as separate points then, isn't it!

      2) your second statement is only true if you cherry pick your dataset. if you include all socialist republics , russia, china, cuba, etc what you are saying is decidedly not true or at best uprovable.

      Well, yes, if you cherry-pick social democracies to include things which are decidedly democracies then you can indeed prove that people living somewhere might not be happy.

      --
      SJW n. One who posts facts.
    8. Re: UBI, it's about time by Hognoxious · · Score: 4, Insightful

      You completely fail to offset the job 'losses' you mention with the significant job gains in people needed to manufacture the new technology.

      You completely fail to comprehend that if the direct job losses weren't greater than the indirect gains there'd be no cost savings from automation, and therefore it wouldn't happen.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    9. Re:UBI, it's about time by q_e_t · · Score: 4, Insightful

      Learn the difference between social democracies and the USSR, then post. Essentially, the GP said "Apples are delicious" and you said "Ah, but what about these lemons?".

  2. Too Early by Oswald+McWeany · · Score: 5, Insightful

    I don't deny that one day UBI might be feasible, and even necessary but it's just too soon and too radical, especially for the US. He's not going to get his party's nomination, and if he does, it's 4 more years of Trump.

    --
    "That's the way to do it" - Punch
    1. Re:Too Early by Lab+Rat+Jason · · Score: 3, Insightful

      Look, lets call a spade a spade here... he is asking for socialism. His platform is "democracy is dead." People need to get comfortable saying that, because that's what it is... if you are for UBI, you are a socialist. ;)

      --
      Which has more power: the hammer, or the anvil?
    2. Re:Too Early by rickb928 · · Score: 3, Insightful

      "About half the people in this country make more than they need"

      That you seem to not see the evil in this is what worries me. 'more than they need' is easily defined into 'more than me'. And then, of course, it will be taken if we allow it.

      How about you go out and get what you need on your own? K, thanks, bi.

      --
      deleting the extra space after periods so i can stay relevant, yeah.
    3. Re:Too Early by BlueStrat · · Score: 3, Insightful

      I'm good with that. I'm a socialist. That is miles and miles better than sociopathic conservative corporatist.

      Yeah, the US as the new Venezuela.

      Sounds positively delightful as it's worked out so well for Venezuelans.

      UBI avoids the pitfalls of the old Soviet quip "We pretend to work, they pretend to pay us." by eliminating the "..we pretend to work" bit.

      Brilliant.

      Strat

      --
      Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
    4. Re:Too Early by losfromla · · Score: 4, Insightful

      It's working well for Norway, Sweden, Germany, Italy, France, basically all of the EU.
      I don't understand how my fellow USians are so angrily entrenched in a system that serves only the wealthy and where a serious illness can result in poverty and destitution for generations.

      Strat, what is wrong with a society that provides for all? It is possible but the anger, jealousy, and racism aren't allowing it to happen. Why shouldn't we start by reducing the work-week to 30 hours? Where is it written that we _have_to_ work 40 hours? Why not 10? Productivity increases should have been distributed equally but sadly they accrued to the wealthy only. If productivity doubled, in a fair world, we'd all reduce our work hours in half. What is wrong with that in your view?

      --
      Only I can judge you.
  3. Promising Free Shit by sexconker · · Score: 3, Insightful

    Promising free shit to the young, stupid, and lazy worked out so great for Bernie, didn't it?

    These people should first worry about the DNC existing long enough to put forth a candidate in 2020. It's a bit premature to be hobbling together a hollow platform that will only get you Bernied.

    Beyond that, why are you planning for action in 2020 when you'll be up against an incumbent POTUS? (For all of you who can't fathom Trump being reelected - Bush Jr. was reviled and won reelection, and the popular vote, easily. This happened because he was the incumbent and people fear change. The DNC put forth a bland turkey-burger candidate knowing they didn't want to waste any real effort against an incumbent. And of course, Obama sat and watched as the economy burned and our rights were stripped away and the surveillance state grew. He, too, won reelection handily.)

    You save your plays until 2024 unless you want to tip your hand and risk being scooped. It might make sense to throw your hat into the ring in 2020 and get your name out there, but you do NOT put your platform out there. It'll just have 4 extra years to be dismantled, attacked, made irrelevant, or copied.

    1. Re:Promising Free Shit by drinkypoo · · Score: 4, Insightful

      Promising free shit to the young, stupid, and lazy worked out so great for Bernie, didn't it?
      These people should first worry about the DNC existing long enough to put forth a candidate in 2020.

      Uh, wait. The DNC is who screwed Sanders. Promising people free shit worked out great, except that it didn't jibe with the DNC's mission of sucking corporate cock. It worked out so well for Sanders that he actually attracted voters who eventually went on to vote for Trump specifically because they couldn't vote for Sanders.

      It's a bit premature to be hobbling together a hollow platform that will only get you Bernied.

      It's a big jerkoff waste of time if he doesn't have a strategy for making the DNC do the will of Democratic voters, but I don't think premature is the right word.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  4. which problem? by supernova87a · · Score: 4, Insightful

    I view UBI as just another fad in the recent trend of America's liberal thinking (which, by the way, has been taken over by almost teenage-/child-like levels of logic) that seeks to equalize all outcomes for all people, end suffering, poverty, and eliminate inequity at every stage of life. Damn anyone who thinks otherwise or wonders about how it will work (and be accused of spouting hate speech if you disagree). This is getting ridiculous, and is by the way, impossible. And mind you, I'm generally liberal myself.

    UBI is the most blatant example among many proposals that is very clearly a taking of $ from the highest earners, and giving it to the lowest earners. How else could it work? If you have a closed system where the income distribution is even linear up the scale, the only way UBI works is if the top subsidize the bottom. So it's a different form of progressive tax.

    However, in this case, instead of subsidizing the means to be productive and earn a living, you simply give the people cash and assume they'll work it out for themselves. (For those imagining we would keep the social services, get real -- would we really give them cash *and* the social services too? Isn't UBI envisioned as a way to reduce social services? If social services worked, why do UBI?)

    Anyway, aside from the possibility somehow that corporations are the ones taxed and not individuals -- the long term question is: what kind of society does this produce, if brought to its conclusion? Some kind of Star Trek utopia where everyone's free to pursue higher, loftier goals for humanity? Or, more realistically, some kind of even more unbalanced state where the very few people at the top produce wealth, the middle class is hollowed out, and the lowest earners don't have to work? Has anyone studied the incentives that this produces, and whether it makes our society better?

    I think that is lacking in these idealized proposals.

    1. Re:which problem? by Train0987 · · Score: 4, Insightful

      Prospered? Are you joking? FDR's policies only worsened the Great Depression. It took a world war to end it.

  5. Re:Oh boy by drinkypoo · · Score: 2, Insightful

    Can we not have a decent level headed somewhat moderate person please?

    If America wanted a centrist, it would have elected Clinton. That's not what America wants. Why can't you see that? It's as plain as day. America would rather have a pussy-grabbing steak salesman than a centrist.

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  6. Death to Commies by mi · · Score: 1, Insightful

    The scumbag's explicit reference to guillotine shows, the French terror is what he wants for this country. He may be too stupid to do very much to advance this goal, but he is still a scumbag — just the kind to stand out there masked and shouting "Communism will win".

    Adherents of the vilest and deadliest school of thought known to humanity, responsible for millions of deaths and economic devastation of entire countries, these people somehow remain acceptable for the polite society — and even find sympathetic moderators to upvote their murderous rhetoric. All the while, for example, the stupid schmucks of the (relatively) harmless KKK are hunted and persecuted as if they were Satan incarnates.

    --
    In Soviet Washington the swamp drains you.
  7. Re:Hope he can outbid Hillary by HornWumpus · · Score: 4, Insightful

    She only knows how to do one thing, but somebody needs to explain the situation to her. She put Trump in office...that's how bad at politics she is.

    --
    John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'