Friday, May 17, 2019

Yang Gang hates on math as Boomer math because math shows Universal Basic Income is a BFD, not "nothing"

Total cost of federal regulations in 2012 was $2.028 trillion (in 2014 dollars), according to the National Association of Manufacturers.

Federal departmental spending in 2014 was about $1.654 trillion ($3.777 trillion in total outlays minus outlays for Social Security, Medicare and Interest on the debt).

Total = $3.682 trillion for "hundreds of agencies, departments and laws".

Eliminate all that (a GARGANTUAN and variously highly INADVISABLE proposition, you know, like NO defense spending, NO environmental regulation spending, NO food and drug inspection spending, etc.), and you could easily give every man and woman 18 and over in 2014 $2.868 trillion, with money left over: Universal Basic Income of $12,000 a year to 2014's 239.049 million people 18 and over (on average) = $2.868 trillion under Andrew Yang's plan.

Ray Dallio's estimate of $3.8 trillion must include all the kids, too (319 million US population in 2014 x $12,000).

Or are we just going to add the $2.868 trillion to the outlays of $3.777 trillion?

Either way, ain't gonna happen, because this ain't "nothing".

Pie in the sky, bye . . . and bye, commie.