Speaker of the House Nancy Pelosi is seriously considering trying to get a plan passed through Congress that would surely bring in socialism and bankrupt America.
Her plan is what has been proposed by people like Andrew Yang and Alexandria Ocasio-Cortez. The idea is a universal basic income. Pelosi said that the more she considers it the better the idea seems.
Right now, 30 million Americans are currently unemployed. If my numbers are accurate, that translates to an unemployment rate of about 27%. I know people are freaking out over that number and comparing it to the Great Depression, but we're not in the same condition as people were in the Great Depression.
To cover everyone for a basic income, the estimated cost would amount to $3 trillion per year. How on earth do they plan to ever make this much more revenue to offset this? It's practically impossible.
Speaker of the House Nancy Pelosi (D-CA) told MSNBC on Monday morning that the Paycheck Protection Program, which extends loans to small businesses to cover certain costs and to keep employees on payroll, was not sufficient and that lawmakers should begin weighing the option of a minimum guaranteed income, although she declined to explicitly endorse the policy position herself.
“Others have suggested a minimum income for — a guaranteed income for people. Is that worthy of attention now? Perhaps so,” Pelosi told MSNBC host Stephanie Ruhle on Monday morning after talking about the Paycheck Protection Program. “Because there are many more people than just in small business, and hired by small business — as important as that is for the vitality of the economy — and other people who are not in the public sector, meeting our needs in so many ways, that may need some assistance as well.”
The idea of a minimum guaranteed income recently gained popularity in the political sphere, in part, through heavy promotion from former Democratic presidential candidate Andrew Yang, who referred to his plan to give American adults $1,000 a month as “The Freedom Dividend.”
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