I’ve been following Andrew Yang here and there for several months now. I paid close attention because I noticed he’s a smooth operator. Yang sells Americans on the idea that the ever elusive money tree exists and he has the seeds to prove it. According to Andrew, with him as President of the United States corporation everyone above the age of 18 will receive, $1,000.00 a month in free money!
Let us be realistic though, who would pass up that kind of offer? Nobody I know would. How about you? So yes, in theory, it sounds like a wonderful idea, but it is not practical. Free money doesn’t land anywhere close to the bull’s eye, in fact, the promise of free money for all, is so far off the mark, it falls outside the boundaries of reality, and that is the problem.
Before the most recent debate, I predicted Andrew Yang as the dark horse. Soon into the event, Lester Holt grilled Yang about his free money fairy tale, and Andrew revealed we will pay for his plan with a value-added tax. It was at that moment I thought people will put one and two together to see just how bad the idea was.
Yang’s execution during the debate was so poor; it had me almost certain he’d be down for the count. However, he already planted the money tree seed in the minds of the people months in advance. The seed sprouted, and it began to grow large enough for the free money dreamers to forgive his initial performance. On a Drudge poll after the debate, Andrew Yang came out ahead of all other participants.
What's the Problem with Free Money?
The problem with Andrew’s plan is the value-added tax. Most Americans have never heard of it before, so when they hear those three magic words, it does not register. The idea bounces off of their heads as if it were a ping pong ball. This phenomenon is called cognitive dissonance and causes Americans to only focus upon the so-called "free money."
Just so you know, the UK has a value-added tax and it adds 20% to all services and goods sold in the country, and the UK doesn't give out free money to everyone. That said, you can bet if America gave out free money to everyone that we'd have instant inflation of about 20-45% on all goods and services.
The costs of living will rise, and this will offset the benefits of the not so free money. Additionally, when you receive this money, taxes will automatically be withheld on the reoccurring 1,000 dollar payments. Yeah, don't think for a moment that uncle sam will forgo his cut. In essence, they aim to get you coming and going, Democrats have resorted to shuffling deckchairs on this titanically indebted ship of state.
When the illusion fails, and it will, people will feel extra entitled because of all that free and worthless money. They will be angry, there will be riots, and they will want more. They'll look to the haves, which they've always done longingly, but this time it will be with violence in their eyes, and blood on their minds. Socialism is the road to hell, a road that America should not take.
The image above is brought to you courtesy of Pixabay