The Alaska Permanent Fund and Andrew Yang’s Universal Basic Income Are Not The Same Things

The first thing to understand is The Alaska Permanent Fund fluctuates, it’s not a guaranteed $1000 per month, also it’s an annual payment that’s gone as high as $2,072.00 which obviously whereas Andrew Yang want’s to pay every American $12,000 per year!

Andrew would implement a Universal Basic Income, ‘the Freedom Dividend,’ of $1,000/month, $12,000 a year for every American adult over the age of 18.

Andrew Yang’s dividend doesn’t fluctuate based on his own explanation, it’s fixed, which means that it wouldn’t be a dividend similar to the Alaskan state-owned corporation, the Alaska Permanent Fund Corporation (APFC), it would instead be whatever hell Andrew Yang calls it. In my opinion, he’s trying to buy votes because he’s not offering anything of any real substance. Also, each State in the United States has a different cost of living, which makes me wonder why he hasn’t accounted for the cost of living, part of the reason minimum wages are different in each State are based on the cost of living.

I’d like to see better question being asked about his Universal Basic Income, ‘the Freedom Dividend,’ because it appears that he’s simply throwing numbers around to buy votes, he’s also playing the race card, using his ethnicity to make it appear as if he’s good at math. Dividends typically fluctuate based on market conditions, Andrew Yangs UBI doesn’t appear to be attached to any market fundamental which could prove disastrous if America experiences an economic downturn, which could trigger hyperinflation, if the government can’t scale back spending because it’s obligated to give every single U.S citizen over 18 $12,000 USD per year.

This is after all that triggered the Venezuelan economic collapse. This is why dividends tend to fluctuate because oil as an example might have a bad year, the U.S economy might have a bad year and if he government is obligated to pay its citizens $12,000 per year and there isn’t enough money, the government will be forced to print money which could trigger hyperinflation, especially if the Federal Reserve is in a position where it can’t hike or lower interest rates.

Interesting times ahead.