Speechless. @MittRomney now supports Universal Basic Income it seems for #COVID19 epidemic. The world has realigned.
“Every US adult should immediately receive $1,000 to help ensure families and workers can meet their short-term obligations and increase spending in the economy.”
“Every US adult should immediately receive $1,000 to help ensure families and workers can meet their short-term obligations and increase spending in the economy.”
2) However this is not true UBI because Romney likely intends for it to be temporary for the #COVID19. But the trial run to do it nationwide will set the groundwork and logistics to be proven if and how it would be implemented. This is a big dramatic step forward
3) This #COVID19-UBI also unclear if funded by what kind of taxes, like VAT, or if it will just be printed by Treasury as a direct cash infusion. Can that kind of printing money cause inflation? Maybe long term (if not a tax) but unlikely in recession environment w/ deflation.
4) But what happens usually with many successful programs is that once extended, there will be political momentum to continue them and find solutions for them. Thus this is great step for UBI, #BasicIncome movement, and @AndrewYang’s vision. #COVID19
