loading...

20 March 2020 02:36

Basic income Finland Tucker Carlson

As a minister who worked with Andrew Yang, I'm glad to see everyone finally admitting he was right

Hydroxychloroquine is among several drugs already approved for other indications that the president wants the FDA to look at as possible COVID-19 treatments, Hahn said at a White House coronavirus task force briefing. Hahn also mentioned the work FDA is doing to develop a COVID-19 vaccine, emphasizing that "we expect it to take 12 months to get to completion where we could actually approve a vaccine," he said. "We want the American people to know that testing is available in all 50 states, and is becoming increasingly available literally every hour of the day," he said. State and private labs are now required by law to report all coronavirus testing directly to the CDC, to give the American public and also give our researchers timely and important information." He emphasized that asymptomatic people shouldn't seek a test because "we want to make sure testing is available for people who are experiencing symptoms." Task force coordinator and Ambassador at Large Deborah Birx, MD, noted that although the public will be seeing the numbers of COVID-19 cases increase dramatically over the next 2-3 days as more tests become available--this week, the national case count has been rising 40% or more daily--that shouldn't be a cause for concern. Regarding personal protective equipment, "we continue to work with healthcare providers, businesses, and state leadership to ID available supplies, not merely in the federal stockpile but much more importantly across the private sector," said Pence.

Subsequently, he introduced the idea of a universal basic income (UBI) of $1,000 a month for every American to offer some measure of stability and reassurance while we faced the crisis ahead. The central idea of his presidential campaign was a universal basic income of $1,000 per month. To be sure, fear of an impending global pandemic resulting from a novel coronavirus was not the reason Mr. Yang spent months insisting the federal government provide American adults with a universal basic income of $1,000 per month. Mr. Yang said he would recommend payments of $1,000 per adult and $500 per child in the near term with the hope that they could continue in perpetuity. "My big concern is that we should make it consistent, and once a month so that if this crisis continues, people don't see their savings evaporate," he said.

"But I do feel some degree of pride in that I believe that my campaign — with the help of hundreds of thousands of supporters around the country — helped advance a set of solutions that it turns out the country needed in a time of crisis." Throughout his presidential campaign, Mr. Yang called for a monthly basic income that would be provided to American adults from the time they turned 18 until their death. Mr. Romney, for instance, has suggested a one-time $1,000 check — not universal basic income — as a starting point; Representative Tulsi Gabbard of Hawaii has proposed $1,000 payments until the emergency has ended; and Representatives Tim Ryan of Ohio and Ro Khanna of California have proposed an emergency earned-income tax credit that they said would provide a check to Americans who earned less than $65,000 last year. In an interview, Mr. Khanna, a co-chair of Mr. Sanders's presidential campaign, said he would be willing to work with those who wanted to send checks quickly, but was concerned that under some plans, financial help would not be targeted to those who need it most. Indeed, the economic ripple effect of the virus is already being felt most acutely by service workers and hourly workers whose jobs have evaporated as Americans have been urged to practice "social distancing." With so many Americans forced to stay home, some experts said that sending them money was the best way to stimulate the economy. And unlike most recessions, we don't want people going to work — we want a lot of people to stay at home and not be interacting socially," said N.

But Jason Furman, a Harvard economics professor who advised President Barack Obama, noted that while universal basic income had "a lot of attractive features," it would be expensive to administer in the long run. Though Mr. Yang favors making payments permanent, he stressed the need to "take care of our people and then figure out what we're going to do" after the crisis recedes. Throughout his campaign, Yang pushed the idea of a universal basic income — $1,000 a month for every American adult — to help reinvigorate the middle class and to offset job displacement due to automation. Just over a month after Yang dropped out of the race, policies similar to his signature proposal have, at least temporarily, become mainstream options for both parties, as lawmakers try to support working Americans while the coronavirus lays waste to the economy. Andrew Yang: Well, the details have yet to be ironed out as to what the intervention or stimulus is going to look like.

But the main idea is very, very much identical to universal basic income, where the vast majority of Americans are going to get a check from the government in order to help us weather this crisis. Now, if you think about this pandemic, in many ways, it's like an accelerated version of sending us all home and making it so that we can't actually command the living wage in the market, because there is no market, and you're not allowed to leave the house. Now it's being laid bare that obviously there needs to be a way to get economic value into people's hands when we're trapped at home. Then obviously, we would need to put money into people's hands for quite some time. And this is one reason why, in my mind, doing this all the time would be wise, because in a country as wealthy as ours, we can easily afford to put enough into people's hands, where they can meet their basic needs.

But you're totally correct that what we're looking at now is, in many ways, an emergency version of a universal basic income, because the consensus is so clear that this is something we have to do. But some people sat me down and said, "Hey Andrew, if you drop out after New Hampshire, it will actually be better for your ideas and your movement over time than if you stay in and grind it out for a while, and here's why." And then they explained it to me and they convinced me. And Joe had called me the week before and asked me to help his campaign and endorse him, and I put him off at that time, because I said, I think that the voting hasn't really resolved itself in this way. I'd like to head up a new department of technology and innovation, because I think we need to try and drag the government into the 21st century. We should be going much, much bigger." And Anthony's plan, which I think has the right idea, is large cash transfers to people, yes.