A Silicon Valley Lawmaker’s $1 Trillion Plan to Save Trump Country
Silicon Valley’s newest congressional representative is bringing the idea of basic income to Washington, to the tune of $1 trillion. Rep Ro Khanna (D-CA) - who's district is home to companies like Apple and Intel—would seem to have little chance of persuading the most conservative Congress in memory to blithely give away so much money. But there’s a wrinkle: The biggest beneficiaries wouldn’t be Rep Khanna’s well-heeled constituents in Cupertino or Santa Clara. It’s President Donald Trump’s core supporters in rural America who would have the most to gain.
Rep Khanna is preparing to introduce a bill that he calls “the biggest move in orders of magnitude” toward providing a basic income in the US. Specifically, it proposes a $1 trillion expansion of the earned income tax credit, which would roughly double the amount of money going into low-income families’ pockets. The main difference between Rep Khanna’s plan and the Silicon Valley utopianists’ version of basic income is that for now recipients would still have to have a job to qualify. Think of it more as a basic income warm-up.
A Silicon Valley Lawmaker’s $1 Trillion Plan to Save Trump Country