Name: Andrew Yang on Universal Basic Income and Why He's Running On It For President | Op-Ed | NowThis
Uploaded: 2018-09-05T14:43:40.000Z
Duration: 3 min 25 s
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The imperative

If enough Americans come together, raise our hands, and say yes we want

Future simple

then we can make it happen in 2021 and will be the first thing I do

To-infinitive

as president. Hello, I'm Andrew Yang and I'm running for president to implement

universal basic income in response to this incredible transition we're going

Universal basic income is a policy where every citizen gets a certain amount of

money every month regardless of their work status or anything else going in

their lives. Under my plan, every American adult between 18 and 64 will receive

free and clear, no questions asked. Doesn't matter if you're

working, not what your income is. One thousand dollars

We're going through the greatest technological and economic shift in our

history and we need to accelerate our society and government to keep pace with

the challenges of 2020. We've already automated away millions of

manufacturing jobs and we're about to do the same thing to workers in retail,

truck driving, call centers, fast food restaurants, and on and on throughout the

economy so this plan the $1,000 per month plan was studied by the Roosevelt

Institute which projected that it would grow the economy by two and a half

trillion dollars per year and would create four and a half million new jobs.

$12,000 a year is enough to push an American up to just about the poverty

line which is a little bit more than $12,000 per year. So there's like all

of the the big 'Oh it's going to grow the economy. It's going to create millions of

jobs. It's going to create all of these new businesses' which it totally will. But

I'm more excited about the fact that's going to help the single mother pay for

their children's food and education. It's going to help children grow up to become

more conscientious and agreeable and graduate from high school at higher

levels. It's going to help balance the scales for women who do so much work

that right now is not compensated; for underrepresented minorities who don't

have access to the same opportunities and have less savings. The way the

freedom dividend, which is what I call universal basic income. The way the

freedom dividend is funded is through a new tax that will fall on the companies

that are benefiting most from automation.  So we need to shift to a value-added tax

that would fall on companies like Amazon and the robot trucking companies where

value-added tax every other industrialized country in the world

except for the US has a value-added tax and through a value-added tax at half

the European level, we could pay for a universal basic income of $1,000 per

month for all Americans. A universal basic income will be the greatest

catalyst to entrepreneurship, and creativity, and the arts that we have

ever seen because when Americans have their heads up and can think about the

future, they'll be thinking about the businesses they want

to start, the organizations they want to create, and really what they want to see

in the world. So right now many many Americans have a mindset of scarcity

which is that we don't have enough; there's not enough to go around; we can't

afford it. But the truth is we are the richest and most advanced society in the

history of the world. Our economy is up to $19 trillion in size, up four

trillion in the last ten years alone. We can easily afford $1,000 per

adult, per month. This is the great equalizer of our time. Economic justice

is social justice. There is no social justice without leveling the playing

field in terms of how much money we get as Americans to be able to pay for our