You can probably guess why that wasn't raised by Yang - people who have said programs or think that poor people benefiting from said programs would see it as a bad trade.
Personally, without cost containment on the supplier side (ie, inflation), or pegging this benefit to inflation, it sounds like a bad idea.
Cash handouts are some of the most cost-effective things a government can do (up to a point), as dollars given to people living on a shoestring often recycle in the economy up to 5x, and result in about $1.73 returning to government via taxes for every $1 spent.
> Cash handouts are some of the most cost-effective things a government can do (up to a point), as dollars given to people living on a shoestring often recycle in the economy up to 5x, and result in about $1.73 returning to government via taxes for every $1 spent.
That looks interesting; can I have a source for those numbers?
Personally, without cost containment on the supplier side (ie, inflation), or pegging this benefit to inflation, it sounds like a bad idea.
Cash handouts are some of the most cost-effective things a government can do (up to a point), as dollars given to people living on a shoestring often recycle in the economy up to 5x, and result in about $1.73 returning to government via taxes for every $1 spent.
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