6 years ago
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Democratic presidential hopeful wants to give citizens $1,000 a month
A Democratic presidential hopeful for the 2020 presidency is proposing $1,000 a month for all for all citizens between the ages of 18 and 64 as part of a universal basic income program. Andrew Yang, an American entrepreneur and the founder of Venture for America, said the spending proposal would cost the U.S. Treasury an estimated $2 trillion a year. “The size of our economy is now $19 trillion a year. It’s grown by $4 trillion in the last 10 years alone. We can easily afford $1,000 a month per citizen,” he told FOX Business’ Stuart Varney on Monday.
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Two trillion a year. I'm sure we can raise enough revenue to expand the annual budget by ~50% without completely wrecking the economy.
But people do like their free stuff.