Income inequality is a real and very problematic issue in our world. While some live in McMansions and spend their money like no one’s businesses, others can barely get by financially.
2020 Presidential candidate and businessman Andrew Yang wants to correct this issue. Using income inequality as the basis of his potential Presidential platform, he is proposing the idea of the UBI (Universal Basic Income) to the American voters.
In his 2018 book,Ā The War on Normal People: The Truth about America’s Disappearing Jobs and Why Universal Basic Income Is Our Future, Mr. Yang explores how economic instability and income inequality is having a detrimental effect on this country. He describes how computers and automation have taken over certain industries and forced many into unemployment or underemployment. It was only a couple of generations ago that a job in a factory or a mine was all a family needed to land themselves in the middle class. Today, those jobs are gone, leading those communities down to a rabbit hole of addiction, crime, destruction and economic depression.
The UBI, as Mr. Yang describes it in the book, would alleviate many of those problems and correct the problems that are associated with income inequality.
I think that all Americans, regardless of where they stand on the political spectrum, need to read this book. This book, if nothing else, is an eye-opener to the reality of the America that we live in today and what needs to be done to fix it.
I recommend it.
Yang is great! I’m not American but would be very happy to see him or Bernie elected. I also support UBI and published a lengthy post about it just yesterday (https://adambolandblog.com/2019/07/07/money-for-nothing/) if anyone is interested in taking a look.
Automation and income inequality have been massively rising in recent years and UBI is the perfect way to solve both problems (which I argue are related problems) if it is done right. We need to get the funding for UBI from income or wealth taxes on millionaires and billionaires so that we may reduce the massive gap between the poorest and richest of any given country (America in particular).
Great post! š
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