Yang’s Heartless UBI Would Hurt Poor And Middle Class People Alike

Andrew Yang’s version of UBI is to give every American a “Freedom Dividend” of $1,000 per month, $230.79 per week for EVERY American over the age of 18.

“This is independent of one’s work status or any other factor. This would enable all Americans to pay their bills, educate themselves, start businesses, be more creative, stay healthy, relocate for work, spend time with their children, take care of loved ones, and have a real stake in the future.”
~ yang2020.com

Sounds great, right?
…it does, until you look under the hood:

How Yang proposes paying for it is by introducing VAT (Value Added Tax) of 10%, that’s a $100 on every $1,000 you spend! The VAT will hit the middle class the hardest, those making and spending $120K per year break even.
Those who make and spend $40K per year, will really only be effectively getting $8K per year, $153.85 per week.

It’s all about “The Math!”

Not sounding quite so great?
…stick around, it gets worse: