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In a tweet on Tuesday, Yang said his freedom dividend would not only recognize work traditionally performed by women – like caregiving – but it would also allow them to leave exploitative jobs and relationships by giving them extra resources each month.
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Yang faced questions about his UBI proposal during an interview on ABC’s “The View” on Monday, where hosts appreciated the idea that stay-at-home or single mothers could essentially get paid for the work they perform.
Yang has proposed giving every American ages 18 and over $1,000 per month, regardless of income or employment status. He has said he would fund the proposal by “consolidating some welfare programs” and imposing a value-added tax (VAT) of 10 percent. A VAT is levied on the production of goods or services produced by businesses.
Yang estimates the U.S. government could save $100 billion to more than $200 billion because people would have the means to take better care of their health, while fewer individuals would end up incarcerated.
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The entrepreneur has said UBI could help combat the effects of job elimination due to technological innovation.
The idea is gaining popularity, and a number of cities around the country have either began – or have thought about implementing – test trials.