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Is Mark Cuban Right About An Andrew Yang-Style System To Send Americans Free Money?

KEY POINTS

  • Universal basic income is a government payment designed to cover basic needs
  • A Pew survey indicates Americans are cool to the idea and the World Bank says no country has such a program in place
  • Mark Cuban said bi-weekly $1,000 payments will instructions to spend it all within 10 days would go a long way to repairing the economy

Would Americans spending like crazy pull the economy out of the coronavirus sparked recession? Billionaire investor Mark Cuban says that’s just the ticket and that’s why the government should be sending out $1,000 checks to taxpayers every two weeks with instructions to spend it all – fast.

“Those without [help] are struggling badly,” Cuban told CNBC last week. “We need to get them help.”

Some 20 million Americans lost their jobs as a result of coronavirus lockdowns in early spring, and since then, only about half of those jobs

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