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Who should be the 2020 Democratic presidential nominee? Show more Show less

The Democrats are preparing to beat Donald Trump in the 2020 US Presidential election. While united by party, the contenders are divided on how they plan to take the US forward. So, who are the possible top candidates? What are their policies and what do they represent? And could they beat Donald Trump in an election?

Andrew Yang Show more Show less

What does Andrew Yang stand for? Yang's innovative Universal Basic Income policy is the push towards equality America needs.
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Andrew Yang will introduce Universal Basic Income

Andrew Yang understands the coming technological disruption, and the need to rethink labor and income. He will address this by introducing Universal Basic Income (UBI).
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2020 US Election Andrew Yang

Context

The idea of Universal Basic Income is a support system in which all citizens, regardless of existing means or employment, receive a certain amount of income from the state.

The Argument

Yang proposes offering a "Freedom Dividend", a UBI paying every American over 18 $1000 per month, in order to combat job loss due to automation. This comes at a time when no other politicians have a plan for this massive shift which would leave many more people unemployed with no form of income. Yang will pay for this by instituting a value-added tax raised from companies profiting from automation.[1] A study by the Roosevelt Institute suggested that this policy could grow the economy by 2.62 per cent and expand the workforce by 1.1 million.[2]

Counter arguments

UBI is not a realistic policy. Its price tag alone of $2 trillion equates to about half of the federal budget.[1] It could introduce a whole host of new problems, such as less people wanting to work or landlords simply raising rent in response, meaning those who need UBI the most would face a disproportionate rise in costs as it came about. Additionally, UBI would propose to replace welfare, meaning that the highest net gain would go to the upper and middle classes who do not currently need or use welfare.[3]

Framing

Premises

[P1] The economy is going to greatly suffer from job loss due to increasing automation. [P2] UBI is the best way to combat this, as it gives all citizens a safety net to shield against this.

Rejecting the premises

[Rejecting P2] An UBI is not the most efficient way to fairly provide a safety net to citizens.

Proponents

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Further Reading

References

  1. https://www.nytimes.com/2018/02/10/technology/his-2020-campaign-message-the-robots-are-coming.html
  2. https://www.vox.com/policy-and-politics/2017/8/30/16220134/universal-basic-income-roosevelt-institute-economic-growth
  3. https://theweek.com/articles/858097/andrew-yangs-ubi-problem

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This page was last edited on Wednesday, 27 May 2020 at 18:52 UTC