The U.S. and China are the 2 most advanced economies in the world, but China is set to surpass the U.S. for a variety of reasons, including China’s illegal activities like stealing American patents and violating the trade rules.
The solution to that should of course be the prevention of China’s illegal activities but also the introduction of a Universal Basic Income in the U.S.
The reason America is starting to lose its opportunities because our economy was created when owning a business required people to be hired, therefore jobs to be created etc., however this does not longer works.
Thanks to technology, today you can start a really huge and successful business without hiring people, that’s why participation in the workforce in the U.S. is now on a record low in years.
A Universal Basic Income (UBI) would solve all of these issues by enabling people to start businesses, join the workforce again (by removing the need for them to stay in our conditional welfare which is destroying the economy) and by many more ways.
Andrew Yang is a 2020 Presidential Candidate who plans to make Universal Basic Income (UBI) a reality, his Freedom Dividend plan will set UBI as a right of Citizenship, that will drop crime levels, eliminate poverty, boost the economy and more.
Alaska already has a UBI dividend for years, and it works perfect, the state funds the universal dividend with oil, that’s what we should do in the rest of the country, but instead of oil, we’ll use technology money, check Yang’s detailed policies in his website.
It seems like Andrew Yang’s plan is the only solution so far for making people participate in the workforce, start new businesses, reduce crime and inequality, while making America the land of opportunity again.