Topic: Bitcoin for Monthly $1K Payouts? Andrew Yang Says Yea (Read 309 times)

I hope people vote for him. He has some good ideas. However, I am confused. How can everyone get $1k each month for nothing? I hear about this UBI but I still don't understand how it works. Where would that money come from?


Well I do sort of agree with you but I still think he is the best bet. It is the best of two evils sort of thing.

1,000 $ is a lot of money, How about another project, How to do when disaster strikes. While this may not happen, it can also affect the market as taxes on products increase.

He should think about everything he has to say first because it will have a huge impact on his presindency

This is just another election propaganda to solicit votes from the cryptocurrency community. This is one way to make oneself smells good. But we will see if he will really implement his promises once he win the election. This is not a simple implementation since he will be facing some pressures from the banking and financial sector. Let us just hope that he will win and he will really fulfill his promise. If he really will win and fulfill it then that is the time maybe we will be seeing bitcoin at 100k$.

I like Andrew Yang principally because the guy is Asian and he seems to have many good ideas too but too much of socialism can be wrecking havoc an economy like the USA. Just giving people money out of thin air is not the best way towards real productivity and can even cripple many people's will to survive and flourish. I am suggesting that he concentrate on making the fields fairer and to provide more opportunities for the poor and underprivileged to explore more of their skills, talents and resources. The idea of giving money can get for a candidate many votes but at the end of that can be catastrophic.

It's the equivalent of a $12k USD tax break for every tax paying citizen. Trump gave his business buddies in the 1% a bigger slice last year. It can be done.

I do not quite understand how he is going to implement it not to the detriment of the country's economy

Yeah, comrade!
Unfortunately the same applies to you, submit to the current rules or go hide in your farm and eat your potatoes till the eath will be free of your views.
I'm pretty sure at your farm you produce your own power, with your own generators, your own batteries, your own tools with the steel you manufacture yourself from the iron you mine yourself: PPP



You have a large connection with farmers..lols...or you have a connection with large farmers?
If you really have a business and you only accept crypto why are you not telling us what that is?
For a businessman is pretty weird to come to a crypto forum and start with the socialist and conspiracy CIA bs rather than talking about his work and his business.

No I am a fan of everyone creating the supply at the same rate, to begin with and are free to enterprise after, because it is the only thing that will be accepted by merchants, vendors and producers in the future.

I am the first producer and vendor to not accept any fiat for my work or goods, More will follow suit soon as I have a large connection with many farmers in Canada.

You watch! Satoshi`s supply and Vitalik`s are not welcome for my goods and services either, unless they accept my coins at a 1:1 trade for their goods and services.

I won`t need to weasel shit, they are the fucking weasels and they will submit or starve.

I don`t give a fuck if I don`t sell anything, I got real food for a few lifetimes in my real cold storage`s and unlimited on my land, I won`t starve .

That is the problem, a welfare state stats spends too much money will eventually fail.

And people should realize something, just like your house or your car or your bank account, the money the government pays is OUR money. The government isn't creating money out of thin air it's redistributing funds, and if this happens without your accord, guess how is called forced wealth redistribution. You, me, everyone in this topic will be taxed more to cover this kind of program in his own country. And think of the numbers, 1k/month/each? 2.8 trillion a year?

Guess how will he cover it, introducing VAT!
https://www.pbs.org/newshour/politics/how-would-andrew-yang-give-americans-1000-per-month-with-this-tax

Whenever I read that a tax will be introduced and it will be higher for yachts, I'm sure the one proposing it is a frustrated pos who isn't fighting for the "normal" people, he is driven by hate against the ones that have more than he has.

Oh, and that would actually mean that you will only get 910$ since 10% you're going to pay in taxes when you buy stuff.
And the increase will also affect things outside those 900$.
In the end, due to inflation, raised prices and the wonders of socialist policies guess what will happen.
Instead of everybody having a nice life we will all be equally dirt poor.

Then the government won't have money and they will further raise taxes, when there are no more taxes they will start printing money....how many times do we have to experience this to understand why it's a bad idea?
 


Bleah, populism has hit Europe as well, look at what's happening from the UK to Italy.
A new wave of social justice politicians are trying to get votes not likes or thumbs-up, and sooner or later we all are going to pay a hefty price for those shenanigans.


I always thought Ceausescu was also some auto mechanic or something close to a bus driver like Maduro, guess I was wrong. He was a cobbler....
The right people for the job...of ruining a country.

Agreed, everyone was up in arms when Donald Trump suggested that they should build a Wall between the USA and Mexico and the cost of this wall was supposedly about $21.6 billion. I think Andrew Yang is targeting the poor and unemployed voters with promises like this.

I have been in countries where the government have large social grants for unemployed people and most of these people just stop looking for work and they waste the money on booze. Teach them to fish, give them the tools to fish... but never just give them the fish. 

This is a form of 'freedom dividend' for all Americans chosen between 18 and 64 years. Which is known for asking that the US government pay US $ 1,000 per month. The fund is a basic form of universal money to make a little money because of automation.

It reminds me of Rahul Gandhi of India who also spoke similar things like "universal basic income" before the election without looking at the feasibility of such project and without considering the situation of the national treasury. isn't it an open call for bribe?? But yes, cryptocurrency may see fresh liquidity from US market, if it becomes a reality! But those who are screaming with happiness with the hope of receiving $1000 worth of bitcoin payment, did they consider the feasibility of it??

i thought this technique of "fooling people by paying them" only works in under developed third world countries with a gigantic gap between the upper class and middle/lower classes in society. it is kind of funny to see it in a supposedly advanced country like US. it would be interesting to know how much this has worked on Americans, and more importantly how long would it take to see the effects of it in their inflation and by how much. i have seen 20% increase in 1 year before...

Is forcible land redistribution really comparable to basic income? The US is already a welfare state, so changing the structure of paid benefits shouldn't warrant vague comparisons to Soviet Russia.

The important question seems to be "how will this affect taxes, especially compared to existing welfare systems?" Does anyone know? Because presumably if someone is getting paid $1K in basic income, they are not also getting paid by welfare programs like SSI, food stamps, AFDC ("welfare"), and things like that. Right?

Or imagine an average citizen googling "download Bitcoin wallet" and falling for one of those fake malicious wallets, because they don't know that you first have to verify the site and then the cryptographic signature of the developer. Or how their exchange account would get hacked because their password is their cat's name. I think 99% of the population is simply not ready for Bitcoin because of their security habits.

Candidates of low popularity have common behaviour of saying incredible stuff they will do after winning because they know they won't.
Until this person ever gain any popularity he will not want to do it anymore because its not serious.

Indeed this is how we ended with 2 USD monthly salaries, no healthcare, no education and rampant crime.
You can link this in your comments: https://en.wikipedia.org/wiki/Crisis_in_Venezuela

There wasn't such a land reform of late, but many owners where stripped of theirs during Chavez, to be put in the hands of workers, and then... they were all abandoned.

Ironic that, under that flag of socialism, the minimum wage was essentially abolished. And the rest is the result of rampant corruption and crime. Funny thing is, they use the very same arguments you just did jokingly. I once watched the last speech of Ceausescu on youtube, and its almost identical to the typical speechs of Maduro. These people appear to not have a mind, or don't care to repeat the same things endlessly. Replace Kulaks with "American imperialism" and you have nailed "the left" speech of this subcontinent for the past half century.

Yeah, comrade, the money should all be given to the working class, to the heroine mothers, the steel factory workers, and the children that are going to protect the fatherland. Death to the kulaks to anyone who isn't sweating tears and blood while working for the glory of our beloved country.

Because this has done wonders in the past, in Eastern Europe, in Zimbabwe, in South Africa , in Venezuela. Only success stories!!!!


So I guess you're one of the fans of redistributing Satoshi's coins to all the people in the world, right? 
I'm really curious how are you going to weasel your way out of this one. 

Perhaps the money should be given to people who actually deserve it, the majority of the population, the working class. (people who actually give up lifespan at a exceeding rate to serve others)

It works when all the people have food water and shelter, and the city`s are more self sustaining and housing. So wait what are we suppose to do let a few create the supply while the rest of us slave for it?

Fuck that, everyone should make the supply at the same rate, then enterprise if they want to.

I like the way he casts it as a dividend on the equity we each hold as citizens. Therefore it is not free. But in that case I'd want citizenship rules tightened up considerably. If people want dividends from their investment in the country then they need to be actually invested in the well being of the country.