John Yang wants to give everybody $1,000/month. The U.K. has proposed a similar effort (“Universal Credit”). Let’s take a look at the U.K.:
up to 1.6 million adults will gain more than £1,000 extra a year but, 1.9 million will lose at least that much. So the government’s usual response that more people will gain doesn’t not hold weigh this time.
Most hit hardest are likely to find themselves temporarily poor.