Free $2,000/month; universal basic income is coming

Free $2,000/month; universal basic income is coming
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April 15, 2020 – Avoidthemark.com

Charles Davis, Business Insider

  • The Emergency Money for the People Act, introduced by Reps. Tim Ryan and Ro Khanna, would give $2,000 a month to Americans over the age of 16 who make less than $130,000 a year.
  • The payments would continue for at least six months and would last until unemployment falls to pre-coronavirus levels.
  • “A one-time, $1,200 check isn’t going to cut it,” Khanna said. “Americans need sustained cash infusions for the duration of this crisis in order to come out on the other side alive, healthy, and ready to get back to work.”

Old enough to drive a car? Then you would be old enough to receive $2,000 a month under a plan introduced this week by two Democratic lawmakers in the House of Representatives.

Under the Emergency Money for the People Act, US citizens who are 16 or older — and make less than $130,000 a year — would receive cash payments from the federal government for at least six months and until unemployment falls to pre-pandemic levels.

The bill was introduced Tuesday by Rep. Tim Ryan, a former presidential candidate associated with the moderate wing of the Democratic Party, and Rep. Ro Khanna, the former cochair of Sen. Bernie Sanders’ recently suspended campaign for president. It has 17 other cosponsors, all Democrats, including Rep. Barbara Lee, who helps lead the House Steering and Policy Committee.

In addition to the $2,000 payments to adults, qualifying families would receive $500 a child, with the money deliverable via direct deposit, check, or mobile apps such as Venmo.

“As millions of Americans file for unemployment week over week, we have to work quickly to patch the dam — and that means putting cash in the hands of hard-working families,” Ryan said in a press release.

The bill comes as the IRS is about to begin mailing out checks approved by the recent COVID-19 relief package. Those will come printed with President Donald Trump’s name on them, it was revealed this week.

But critics like Khanna argue those checks are an inadequate response to the crisis, which has forced more than 22 million people to file for unemployment over the past four weeks alone.

“A one-time, $1,200 check isn’t going to cut it,” Khanna said. “Americans need sustained cash infusions for the duration of this crisis in order to come out on the other side alive, healthy, and ready to get back to work.”

What are your thoughts about Universal Basic Income? Share in the comment section below.

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0 thoughts on “Free $2,000/month; universal basic income is coming

  1. This all false! Once every state signs a declaration of emergency that gives the president full power.

    1. From what I understand, once the president signs an executive order for national emergency it gives F E M A full power.

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