Automation Quote by Andrew Yang
“A universal basic income funded by a value-added tax, which is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale, would spread the benefits of automation to a much wider group of people.”
About This Quote
Source Speech: Economic Policy Proposal, 2019
A value-added tax could fund universal basic income, sharing automation benefits widely.
In simple terms: VAT funds UBI for many.
Key Takeaway
Consider progressive funding for social safety nets.
Themes
economics
policy
automation
Mood
policy
economic
Type
propositional
analytical
When to use this quote
- government budgeting
- public debates
- social programs
Key Concepts
UBI
VAT
wealth distribution
Questions to Reflect On
- What safeguards ensure fairness in a VAT-funded UBI?
- How does automation impact job markets?
A Different Perspective
VAT may be regressive without offsets.
