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  • THESE PROGRAMS A SECOND LOOK.

  • SHANNON.

  • >> Shannon: TRACE GALLAGHER,

  • THANK YOU VERY MUCH.

  • LET'S BRING IN 2020 DEMOCRATIC

  • PRESIDENTIAL HOPEFUL ANDREW

  • YANG.

  • A MAJOR ISSUE IS RUNNING ON IS

  • THE UNIVERSAL BASIC INCOME.

  • HE CALLS IT THE FREEDOM

  • DIVIDEND.

  • ANDREW, WELCOME TO "FOX

  • NEWS @ NIGHT."

  • >> THANK YOU FOR HAVING ME.

  • >> Shannon: YOU HEARD WHAT

  • TRACE SAID AND WE HAVE

  • INFORMATION FROM TECHNOLOGY

  • REVIEW.COM ON FINLAND'S

  • UNIVERSAL BACON INCOME TRIAL.

  • IT SAYS A TRIAL FOR UNEMPLOYED

  • PEOPLE IN FINLAND WERE GIVEN A

  • BASIC INCOME FOR TWO YEARS DID

  • NOT GET THEM INTO WORK BUT IT

  • MADE THEM HEALTHIER AND HAPPIER.

  • HOW ARE YOU GOING TO SELL THIS

  • TO THE AMERICAN PEOPLE?

  • >> THE FINLAND DATA WAS

  • PROMISING IN TERMS OF PEOPLE'S

  • HEALTH AND MENTAL HEALTH.

  • IN THE EMPLOYMENT BENEFITS, YOU

  • WOULDN'T EXPECT TO SEE UNLESS

  • YOU WERE TO HAVE THAT CASH

  • BENEFITS IF PERMITTED ACROSS A

  • COMMUNITY FOR CERTAIN PERIOD OF

  • TIME.

  • UNDER MY PLAN, THE FREEDOM

  • DIVIDEND, IF YOU PUT $1,000 A

  • MONTH IN THE HAND OF EVERY

  • AMERICAN CONSUMER, A LOT OF THAT

  • MONEY WOULD GET CIRCULATED TO

  • THE ECONOMY OVER AND OVER AGAIN

  • AND IT WOULD CREATE HUNDREDS OF

  • THOUSANDS OF NEW JOBS.

  • >> Shannon: YOU KNOW THE

  • NUMBER ONE QUESTION IS HOW THE

  • HECK ARE YOU GOING TO PAY FOR?

  • WHAT ESTIMATE SAID $3 TRILLION

  • TO $4 TRILLION.

  • WHAT'S YOUR PLAN?

  • TAXING OUR WAY TO THE BENEFIT?

  • TAKING FROM THOSE WHO ARE

  • WORKING TO GIVE TO EVERYBODY

  • WHETHER THEY ARE WORKING OR NOT?

  • >> IF YOU LOOK AT HER THE

  • BIGGEST WINNERS REMAIN TO BE

  • FROM ARTIFICIAL INTELLIGENCE AND

  • NEW TECHNOLOGIES, IS GOING TO BE

  • AMAZON, GOOGLE, FACEBOOK,

  • WILBUR, THE BIGGEST TECHNOLOGY

  • COMPANIES IN OUR COUNTRY AND WE

  • CAN SEE THAT AMAZON PAID

  • ZERO IN FEDERAL TAXES LAST YEAR

  • DESPITE RECORD REVENUES.

  • IF WE KNOW THAT THE BIG WINNERS

  • IN THE NEW TECHNOLOGY AGE ARE

  • GOING TO BE PAYING ZERO TAXES

  • AND OF COURSE WERE NOT GOING TO

  • HAVE ENOUGH MONEY TO GO AROUND.

  • BUT IF WE FOLLOW OTHER COUNTRIES

  • EXAMPLES AND CREATE A MECHANISM

  • WHERE WE ALL BENEFIT FROM THESE

  • INNOVATIONS, THEN WE CAN PAY FOR

  • A $1,000 DIVIDEND FOR EVERY

  • AMERICAN ADULT.

  • OUR ECONOMY IS UP TO

  • $20 TRILLION.

  • THE PROBLEM IS THOSE BENEFITS

  • ARE NOT BEING FILED BY THE

  • AVERAGE AMERICAN FAMILY.

  • >> Shannon: YOU ARE VERY

  • SUCCESSFUL ENTREPRENEUR.

  • THIS IS A COUNTRY THAT UNIQUE IN

  • THE WAY THAT CAN HAPPEN.

  • DO YOU WORRY ABOUT TRILLIONS IN

  • NEW TAXES, THAT IT'S GOING TO

  • DISCOURAGE ENTREPRENEURIAL

  • SPIRIT?

  • >> WHAT I WORRY ABOUT IS IF YOU

  • LOOK AT THE RATES OF BUSINESS

  • FORMATION AND STARTS FOR THE

  • COUNTRY, MULTI-DECADE LOADS AND

  • 85% OF THE COUNTRY.

  • IF YOU WANT ENTREPRENEURSHIP TO

  • FLOURISH, YOU SHOULD BE TRYING

  • TO PUT BUYING POWER INTO THE

  • HANDS OF THE AVERAGE AMERICAN

  • FAMILY AND MAKE IT SO THAT

  • STARTING A BUSINESS IS MORE

  • REALISTIC AND FEASIBLE FOR

  • HUNDREDS AND THOUSANDS OF

  • AMERICANS AROUND THE COUNTRY

  • WHICH IS WHAT THE FREEDOM

  • DIVIDEND WOULD PROVIDE.

  • >> Shannon: THE PRICE TAG,

  • THERE ARE A LOT OF QUESTIONS.

  • WITHOUT IMPACTING LARGE

  • COMPANIES HAVE TO WORRY ABOUT

  • TAXES, THEIR STOCKHOLDERS AND

  • THAT TRANSLATES INTO INVESTORS

  • AND 401(K)s.

  • I'M NOT AN ECONOMIST I WANT

  • CONTENT TO BE ONE, BUT QUESTIONS

  • NEED TO BE ANSWERED.

  • SOMETHING ELSE THAT I BELIEVE

  • THAT YOU SUPPORT, MEDICARE

  • FRAUD.

  • WHEN YOU PULL PEOPLE, PEOPLE SAY

  • IT SOUNDS GREAT.

  • EVERYBODY SHOULD HAVE HEALTH

  • INSURANCE COVERAGE BUT THE

  • KAISER POLL, WHEN YOU ASKED

  • PEOPLE HOW IT'S GOING TO BE PAID

  • FOR, THE IMPLICATIONS OF THIS.

  • A LIMITING PRIVATE HEALTH

  • INSURANCE, IT IS UPSIDE DOWN BY

  • NEGATIVE 21 POINTS.

  • UPSIDE DOWN BY 23 POINTS, MORE

  • TAXES.

  • DELAYING TESTS OR TREATMENTS,

  • THE AXIS PEOPLE WOULD HAVE.

  • NEGATIVE 44% REACTION.

  • THEY ARE NOT FOR THAT WHEN THEY

  • DEAL WITH THE REALITY.

  • HOW DO YOU SOLVE IT?

  • >> I HAVE BEEN THE CEO OF A

  • COMPANY I KNOW THAT HEALTH

  • INSURANCE RIGHT NOW IS A MAJOR

  • ANCHOR IN OUR ECONOMY.

  • IT MAKES IT HARDER TO HIRE NEW

  • WORKERS.

  • WHEN YOU DO HIRE SOMEONE, YOU

  • ARE INCENTIVIZED TO MAKE THEM

  • TEMPORARY OR CONTRACT AND NOT

  • GIVE THEM BENEFITS.

  • IT'S HARDER TO SWITCH JOBS.

  • IT'S HARDER TO START A BUSINESS.

  • SO THE FACT THAT AMERICANS ARE

  • VERY KNOW WE CAN UP TO THE FACT

  • THAT WE CAN IMPROVE ON OUR

  • HEALTH CARE SYSTEM, AND THE

  • NOTION THAT WE CAN'T AFFORD IT

  • OR THAT EVERYONE'S GOING OUT TO

  • PAY MORE IN TAXES IS IGNORING

  • THE FACT THAT WE ARE ALREADY

  • SPENDING 18% OF GDP ON

  • HEALTH CARE, TWICE AS MUCH AS

  • OTHER COUNTRIES, TO WORSE

  • RESULTS.

  • THAT'S WHY WE ARE SO FRUSTRATED

  • BY THE SYSTEM.

  • IF WE TAKE THE MONEY THAT

  • COMPANIES ARE ALREADY PLOWING

  • INTO HEALTH CARE, WE HAVE ENOUGH

  • MONEY TO BE ABLE TO MAKE

  • HEALTH CARE MORE ACCESSIBLE TO

  • MORE AMERICANS AND NOT BREAK THE

  • BANK.

  • OR RAISE TAXES ON THE AVERAGE

  • FAMILY.

  • >> Shannon: HOW THE WORLD YOU

  • PAY FOR IT?

  • THE ESTIMATE ON SENATOR SANDERS

  • PLAN IS $32 TRILLION.

  • MONEY DOESN'T GROW ON TREES.

  • SO MUCH OF THE EQUATION HAS TO

  • DO WITH HOW THE GOVERNMENT WOULD

  • COMPENSATE DOCTORS OR HOSPITALS

  • AND WE KNOW THERE ARE PATIENTS

  • WHO CAN'T GET IN WITH DOCTORS

  • BECAUSE THE GOVERNMENT DOES NOT

  • PAY ENOUGH OF A REIMBURSEMENT

  • RATE FOR A LOT OF THESE

  • GOVERNMENT PROGRAMS.

  • DO YOU WORK ABOUT -- WORRY ABOUT

  • THE IMPACT ON HEALTH CARE, NOT

  • JUST --

  • >> THE NUMBER ONE FRUSTRATION IS

  • THE EXCESSIVE BUREAUCRACY AND

  • PAPERWORK.

  • IF YOU SIMPLIFY THAT PROCESS,

  • THEN THE REIMBURSEMENTS DON'T

  • NEED TO BE ASTRONOMICAL IN THE

  • GROUP TO MAKE A PAYOUT FOR THE

  • DOCTOR OR THE HEALTH CARE

  • PROVIDER.

  • IF WE COULD CLEAN UP OUR

  • BUREAUCRACY, IT WOULD LIBERATE

  • MANY DOCTORS TO DO WHAT THEY

  • WANTED TO DO IN THE FIRST PLACE

  • WHICH IS ACTUALLY CARE FOR

  • PATIENTS.

  • >> Shannon: WELL, I KNOW MANY

  • ARE CONCERNED THEY'RE NOT GOING

  • TO GET THE REIMBURSEMENT RATES.

  • WHETHER LESSENING THE

  • ADMINISTRATIVE BURDEN COULD

  • LESSEN THE STAFF.

  • GREAT TO HAVE THIS CONVERSATION

THESE PROGRAMS A SECOND LOOK.

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