What’s Wrong with Yang’s UBI Proposal?

US Democrat presidential nomination candidate Andrew Yang includes a kind of universal basic income in his platform; and he identifies it as a “dividend” which I prefer because it clarifies that it is not welfare but a deserved share of our common heritage of wealth and knowledge which derives from the effort and skills of all our ancestors(1). But there are various aspects of his proposal which undermine its effect.

Most importantly it is NOT universal, and in fact is just a give-away to those of us whose need is not sufficient to qualify for welfare in the current system. Those on welfare do not get the full benefit of the “dividend” because they have to give up their current benefits in order to receive it. To call this a universal improvement is quite dishonest and the best I can do for Yang on this issue is thank him for raising the issue but not to support his proposal as it stands.

The issue does need to be discussed however, and Yang has other proposals that also deserve attention, so I do hope his voice gets heard and properly responded to.

  1. See my earlier page on ‘Capital’ for more on this ↩︎
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2 Responses to What’s Wrong with Yang’s UBI Proposal?

  1. Pingback: More Thoughts on UBI « alQpr

  2. Pingback: #YangMediaBlackout | alQpr

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