Jonathan Herzog claims 94% of Americans would benefit from VAT-funded UBI
Jonathan Herzog · Jonathan Herzog: His Plan To Get 30k Votes to Beat Jerry Nadler for NY Congressional Seat, YangGang Strategy and Freedom Dividend · May 18, 2020 · at 1:05:05
Congressional candidate Jonathan Herzog explains the math behind funding a universal basic income via a 10% value-added tax to host Nathan Latka.
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“If you spend less than a 120,000 dollars a year on stuff, Then you are so much better off, and that's basically 94% of all people in the United States, because there's money coming in from oxygen in the system, from all the transactions, all the production, all the manufacturing, and then money going out directly to people, and that completes and reinvigorates the entire cycle and has this multiplying effect in the economy.”
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