UBI or as Yang often calls it, “freedom dividends” would re-legitimize American capitalism by obtaining the consent of its “losers” in the age of automation & globalization. Empower temporal losers to re-enter the marketplace of experiments.

When everyone plays, we all win. https://twitter.com/AndrewYang/status/1296513591265447939

“Although he didn’t call it a UBI, the idea of a minimum income was the earliest policy proposal Friedman came up with. In his papers, I was astounded to find his first proposal for what he called ‘a minimum standard of living’ written in 1939.”

“Although he has a reputation as a radical libertarian, Friedman believed there was a clear role for the state in society. In particular, he believed there would always be persons who could not compete effectively in a market economy. He also recognized the role of luck in life.”

William F. Buckley asked him if he wasn’t worried about people taking the money and neglecting their children, etc. Friedman responded: “If we give them the money, we will strengthen their responsibility.”