Unless you've been living under a rock for the past couple of months, you've probably heard that literally everyone is running for president. Okay, so I'm exaggerating, but only mildly; more than 20 different politicians initially entered the 2020 presidential race to unseat Donald Trump in the White House, with most of them gunning for the Democratic nomination.
Sure, getting a stack from the government every month sounds cool, but what's the catch? Well, taxes on goods and services would have to go up in order for the freedom dividend to work. The increased taxes that major companies like Apple and Microsoft would have to pay the government would then be funneled into the funds for the universal income. So that monthly check would probably come with some higher prices on some of your favorite products.
As a businessman, much of Yang's perspectives towards healthcare are informed by his history of being an employer who had to provide healthcare for his employees. He discussed the concept in his book"Our job-based health insurance system does the very thing we most want to avoid – it discourages businesses from hiring. For employers, company-subsidized health insurance costs are a major impediment to hiring and growth.
Note that the Freedom Dividend does not stop at 65 years of age, but rather is for anyone 18 or older.
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