Pelosi’s Plan to BANKRUPT America and Guaranteed Basic Income
House Speaker Nancy Pelosi is considering another idiotic option for Americans that further brings in socialism.
She’s been further contemplating the idea of a guaranteed basic income more and seems to think that it might be a good idea.
About half of Americans are in the workforce currently and many of them are currently laid off or unemployed or something to that extent right now.
Let’s go with a lowball number and say that it’s only $1,000 per month for an entire year. There are roughly 25 million Americans that have been laid off so far, but let’s say only 10% of them would be eligible for this payoff. That’s $2.5 billion per month which is $30 billion per year.
Like I said, these are lowball numbers. In actuality, to cover everyone for a basic income, the cost would amount to $3 trillion per year.
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.”
The Daily Wire