What would be the effects of Andrew Yang's policies in the United States?
Electronic voting, if not properly secured, would be a disaster for democracy.
At the 2017 Def Con conference, hackers demonstrated that they could hack into each and every one of the 22 different voting machines purchased from U.S. government auction sites and eBay.
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Online voting could boost voter participation and restore trust in democracy.
In the 2016 election, only 55.4% of eligible voters actually voted; stations are often relocated or ill-equipped, causing people to stand in line for hours. With blockchain technology, people could vote easily from their devices, and check if their vote has been registered.
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Countries that tried electronic voting went back to paper ballots.
In a 2016 report, the International Institute for Democracy and Electoral Assistance (IDEA) shared that eight countries, six of which were in Europe, abandoned the use of e-voting mainly due to security concerns.
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The abolition of the death penalty would reflect public sentiment.
According to Gallup poll, Americans in favour of death penalty went from 80% in 1990 to 56% in 2018. It is considered unconstitutional and not a deterrent: in 2007, murder rates in states that still had the death penalty exceeded those in states that had abolished it by over 42%.
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Medicare for All could reduce the number of people who end up in poverty.
Recent research found that 66.5% of all bankruptcies were tied to medical issues. It is estimated that 530,000 families turn to bankruptcy each year because of medical issues and bills.
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Medicare for All would guarantee universal coverage to all those eligible.
Under the current system, CBO estimates an average of 29 million people per month - 11% of U.S. residents under age 65 - were uninsured in 2018. Most of those people would be covered by the public plan under a single-payer system, depending on eligibility.
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A single-payer system might affect the quality of the service offered to patients.
Currently, about 70% of U.S. hospitals are privately owned; in a single-payer system, the government could play a larger role in owning hospitals but would also have more responsibility. This could lower the quality of the service offered.
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Nuclear power could dramatically reduce US gas emissions.
Nuclear power produces 63% of US carbon-free electricity, and nuclear plants avoid the emission of over 750 million tonnes of CO2 per year. By 2030, a further reduction in emissions of 32% would be possible thanks to nuclear.
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Nuclear power is not a quick and risk-free solution.
To build a nuclear plant, 10 years are necessary versus 2 for wind, geothermal and biomass plants. Also, constant maintenance is necessary to avoid disasters (Chernobyl, Fukushima).
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VAT would increase the tax burden.
To close the budget gap, a VAT of at least 15% is needed. In 2019, this would mean more than $1.2 trillion in increased taxes. A tax increase of this magnitude would raise the federal tax burden between 33% and 44% above its historical average.
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The risk of fraud is very high with VAT.
Countries in the European Union (EU) lose approximately $107 billion annually in uncollected VAT, corresponding to a tax gap of 12%.
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VAT creation would encourage the development of a large underground economy.
Saving up to 20% or more on every transaction would be a powerful incentive for consumers and businesses to work together to evade VAT.
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Birth control has an important economic role.
It is estimated that for every $1 invested in family planning, $4 are saved in other areas like education and public health.
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Access to birth control will allow women to participate more in the economy of the country.
Between 1972 and the early 1990s, thanks to birth control, the share of women in their prime working age who were in the workforce rose from 72% to nearly 84%. Had that not happened, the economy would have been about 11% smaller in 2012.
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Birth control will help reduce the gender pay gap.
The pill is responsible for about a third of the closure in the gender wage gap that was achieved by 1990.
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Universal Basic Income (UBI) works only if it is financed by a deficit.
According to a study by the Roosevelt Institute, paying for UBI by increasing the federal debt would grow the economy (+12% GDP). On the other hand, paying for the policy by increasing taxes on households would have no effect on the economy.
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The Freedom Dividend would increase the deficit.
The plan to give every adult citizen $1,000 per month would add $1.4 trillion to the annual deficit.
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The Freedom Dividend would reduce poverty and inequality.
According to an analysis published on the UBI Center, thanks to the Freedom Dividend, 87% of Americans would come out ahead, including 90 percent of those in households earning under $50,000 and 54 percent of those in households earning $200,000 or more.
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Cuts to government workers aren’t possible, since government offices are already understaffed
As shared by the Secretary of State, 60% of the state’s top-ranking career diplomats have left, new applications have reduced by 50% and only 10 out of the top 44 politically appointed posts have been filled.