By Caitlin Johnstone
Americans are discussing the possibility of a universal basic income (UBI) more seriously than ever before, largely due to the surprisingly popular campaign of Democratic presidential candidate Andrew Yang. Yang has made UBI the central issue of his platform, promising a “Freedom Dividend” paid for by a Value Added Tax on businesses which would give every American between the ages of 18 and 64 an unconditional $1,000 a month to help offset the looming crisis of automation replacing US jobs.
“In the next 12 years, 1 out of 3 American workers are at risk of losing their jobs to new technologies — and unlike with previous waves of automation, this time new jobs will not appear quickly enough in large enough numbers to make up for it,” Yang’s campaign site argues. “To avoid an unprecedented crisis, we’re going to have to find a new solution, unlike anything we’ve done before. It all begins with the Freedom Dividend, a universal basic income for all American adults, no strings attached — a foundation on which a stable, prosperous, and just society can be built.”
Yang is absolutely correct that automation is going to be replacing the jobs of many people in the very near future, and he is absolutely correct that new solutions unlike anything ever tried before are going to be necessary to help address this problem. But his plan, and indeed all the most publicized plans which involve the implementation of a universal basic income, will necessarily lead to an…