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:

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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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Riley Dennis Fails on Universal Basic Income (UBI)

I’ve debunked Universal Basic Income (UBI) in the past. However, when Hey Dude77 pointed out that Riley Dennis had come to its defense, I couldn’t resist the urge to debunk it again.

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Original Video:

____________________________________________________________________________________________
Citations/Source Material:

Freedman, D. H. (2016). Basic Income: A Sellout of the American Dream. MIT Technology Review. 119(4), 48-53.

Schneider, H. (2017). Universal Basic Income—Empty Dreams of Paradise. Intereconomics/Review of European Economic Policy, 52(2), 83-87.

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

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Free Money? NOT! UBI Debunked

Mr. Dapperton let me know that Kurzgesagt had put out this video about Universal Basic Income (UBI). I’ve addressed the topic before, but this video was trending so I felt it merited a response.

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Original Video:

Family Guy Footage:

“Burning Down the Bayit.” Family Guy. Fox. 4 Mar 2012. Television.

All content owned by Fox. No Copyright infringement is intended.

My Original Video on UBI:

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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It is not my intention to cause the original video creator to receive any kind of harassment or abuse. While I have no control over the feedback you choose to provide, I ask that you avoid any forms of harassment or abuse.

Academic Sources:

Freedman, D. H. (2016). Basic Income: A Sellout of the American Dream. MIT Technology Review. 119(4), 48-53.

Schneider, H. (2017). Universal Basic Income—Empty Dreams of Paradise. Intereconomics/Review of European Economic Policy, 52(2), 83-87.

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Debunking Inequality Media on Universal Basic Income (UBI)

Universal Basic Income or (UBI) is becoming an increasingly popular idea. However, regardless of what one calls it, a UBI is still a form of wealth redistribution and retains the key problem of Socialism. In this video, I respond to a defense of UBI put out by inequality media.

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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

HARASSMENT NOTICE
It is not my intention to cause the original video creator to receive any kind of harassment or abuse. While I do use sarcasm and satire, my intention is to provide a counter argument to claims they have made. While I have no control over the feedback you choose to provide, I ask that you avoid any forms of harassment or abuse.

Academic Sources:

Freedman, D. H. (2016). Basic Income: A Sellout of the American Dream. MIT Technology Review. 119(4), 48-53.

Schneider, H. (2017). Universal Basic Income—Empty Dreams of Paradise. Intereconomics/Review of European Economic Policy, 52(2), 83-87.

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

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