We, the Yang Gang, are in it to win it, which is why we petition Andrew Yang modify his UBI policy to GBI, a Guaranteed Basic Income, as a comprise with the wider electorate that has a problem with “millionaires get it, too.” We describe how this slight modification keeps the spirit and intent of UBI intact and effective as ever.
With wealth inequality at an all-time high, we are noticing there’s a perceived unfairness in distributing the Freedom Dividend equally. The government bailed out the banks, gives tax breaks to the rich; many voters don’t want federal funds boosting millionaires’ incomes by $12,000 a year. They don’t want a political leader who thinks this is a good idea. But we want them to want you, we want you to hear them and modify your policy.
While we hear Milton Friedman’s main argument for universal basic income was to remove the stigma of welfare, we see the stigma of welfare being less of an issue now. We’re a more “woke” society, we see systemic oppression and question the meritocracy. Furthermore, while Friedman asserts a universal basic income “would have the effect of eliminating the separation of a society into those who receive and those who pay, a separation that tends to destroy the whole social fabric,” Yang has already turned the conversation away from that separation, by making it about the “biggest winners” in the economy, and those who provide their data.
An example of a modified GBI is one where the recipient eligibility cut-off high enough to only be separating those who notice the boost in their bank accounts, and the big winners who don’t.
Doing the math: at a certain salary, $12,000 is not a large sum. $12,000 on top of a $360,000 salary equals the average 3.3% raise. That cut-off modify the policy to "a Freedom Dividend of $1,000/month to every American, until they’re making $1,000 a day." We petition for a modified GBI, possibly something along those lines.
Keeping with Yang’s intent for basic income— providing an income floor for workers displaced by the changing economy, i.e., retail workers and truck drivers— a modified GBI could be one that gives an income floor to the rich, possibly millionaires, who close their businesses to fight climate change, i.e., the rancher who turns over his land to be reforestation, the used-car salesmen who finds there’s no market for used-electric cars.
At this time of both a great economic transformation, and peak wealth inequality, we the Yang gang are finding American’s aren’t ready for universal basic income, a system that treats millionaires and billionaires equally, using federal money. We petition that Yang modify UBI policy to GBI to get more Americans on board for 2020. We are in it to win it.