Why Andrew Yang’s Economics Fail

Democratic Presidential Candidate Andrew Yang has been rising in popularity lately, particularly due to his support of a Universal Basic Income (UBI)/Freedom Dividend and a Value Added Tax (VAT). On February 12th, 2019, Yang appeared on the Joe Rogan Experience Podcast to explain his policy views. In this video, I debunk the Keynesian assumptions within Yang’s policies and demonstrate why his proposals cannot improve the economy in the long term.

Hashtags: #YangGang2020 #Yang2020 #FreedomDividend #AndrewYang #politics #government #UBI #VAT

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Original Video:

Citations/Source Material:

Chen, S. A. (2014, October 29). Five Jobs That Transformed America. Retrieved March 20, 2019, from https://blogs.ancestry.com/cm/five-jobs-that-transformed-america/

Farm Population Lowest Since 1850’s. (1988, July 20). Retrieved March 20, 2019, from https://www.nytimes.com/1988/07/20/us/farm-population-lowest-since-1850-s.html

Hazlitt, H. (2017, June 12). Government Guaranteed Income is Not a Solution. Retrieved March 20, 2019, from https://mises.org/wire/government-guaranteed-income-not-solution

Why Alaska’s Experience Shows Promise for Universal Basic Income. (2018, May 10). Retrieved March 20, 2019, from http://knowledge.wharton.upenn.edu/article/alaskas-experience-shows-promise-universal-basic-income/

De Rugy, V. (2012, June 04). Hauser’s Law: This Reality Isn’t Negotiable. Retrieved March 20, 2019, from https://www.nationalreview.com/corner/hausers-law-reality-isnt-negotiable-veronique-de-rugy/

Sowell, T. (2014). Basic Economics. New York: Basic Books.

Gramlich, J. (2018, May 02). U.S. incarceration rate is at its lowest in 20 years. Retrieved March 20, 2019, from https://www.pewresearch.org/fact-tank/2018/05/02/americas-incarceration-rate-is-at-a-two-decade-low/

What is Universal Basic Income? (2019). Retrieved March 20, 2019, from https://www.yang2020.com/what-is-ubi/

Nikiforos, M., Steinbaum, M., & Zezza, G. (2017, August). Modeling the Macroeconomic Effects of a Universal Basic Income. Roosevelt Institute. Retrieved March 20, 2019, from http://rooseveltinstitute.org/wp-content/uploads/2017/08/Modeling-the-Macroeconomic-Effects-of-a-Universal-Basic-Income.pdf

Mani, A., Mullainathan, S., Shafir, E., & Zhao, J. (2013, August 30). Poverty Impedes Cognitive Function. Retrieved March 20, 2019, from http://science.sciencemag.org/content/341/6149/976.abstract

Rothbard, M. N. (2010, April 22). The Value-Added Tax Is Not the Answer. Retrieved March 20, 2019, from https://mises.org/library/value-added-tax-not-answer

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