The most comprehensive and realistic approach to addressing poverty, homelessness, income inequality, and job loss due to automation is Andrew Yang’s Freedom Dividend.
Trickle up economy
Capitalism that doesn’t start at zero
One of the things I like most about the plan is the efficiency in getting money directly in the hands of the people and allowing the people to decide how to spend it. The United States spends billions of dollars on homelessness and poverty. But after the administration costs, bureaucracy, mismanagement, and corruption, very little of the money goes into the hands of the people that need it.
Every adult will receive the $1,000 a month, but predominantly this will help people in the inner city. Where the population is dense will see an influx of wealth. The money will predominantly go where it’s needed the most.
Andrew Yang’s policy also dictates that the Freedom Dividend can’t be used as recognized income on getting loans. That will greatly help people be fiscally responsible.
For so many people, especially young people, this will provide greater financial independence and responsibility.
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