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The ProLib Show – Is Yang's UBI Bullshit?



Is Andrew Yang’s UBI bullshit? We’ll analyze and discuss the UBI plan Yang puts forward and examine exactly how he proposes it will work.

We’ll also break down how a VAT (Value Added Tax) works.

Is the Freedom Dividend good or easily debunked? What’s the logic behind Yang’s Freedom Dividend?

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Ana Kasparian from NoFilter on Yang’s UBI: https://www.youtube.com/watch?v=Vp4N-xLLv7g&feature=youtu.be

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This video may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This material is being made available within this transformative or derivative work for the purpose of education, commentary and criticism, is being distributed without profit, and is believed to be “fair use” in accordance with Title 17 U.S.C. Section 107.

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JusdatCraig Sickel Recent comment authors
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Craig Sickel
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Craig Sickel

FYI – the Social Security Cap is the maximum income that a person pays into SS. Currently if the income is over $132,900, they do not pay SS. All income < that and there is a deduction. So unlimited cap means the taxpayer pays 6.2% on all income (12.4% if self-employed.) Unlimiting the cap raises a lot of money from people making more than the current cap. The cap is regressive in that lower income people pay more. Inflation is usually caused by printing more money. In 2008 the money supply (M2) was $8T and now it is $15T. Inflation… Read more »

Jusdat
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Jusdat

Tax at 10% on $1M is a lot more than 10% on $1K. The wealthy people are actually have to pay a lot more VAT than us regular people, so in a way it's more effective way to move money from the rich to the poor.