Name: CloseUp: Presidential candidate Andrew Yang advocates universal basic income
Uploaded: 2019-01-22T16:31:27.000Z
Duration: 11 min 37 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

IT IS A POLICY IDEA THAT PERKS YOUR EARS UP, UNIVERSAL BASIC INCOME.

WHILE SOME VIEW THAT CONCEPT AS ANTITHETICAL TO THE AMERICAN ECONOMIC SYSTEM, PRESIDENTIAL CANDIDATE ANDREW YANG SAYS IT WILL BE ABSOLUTELY NECESSARY TO SAVE THE ECONOMY FOR REGULAR

PEOPLE AS AUTOMATION AND ARTIFICIAL INTELLIGENCE TAKE OVER.

ADAM: BEFORE WE JUMP INTO THIS DISCUSSION, TELL US A BIT ABOUT YOURSELF AND YOUR BUSINESS BACKGROUND AND WHY YOU'RE RUNNING FOR PRESIDENT.

I STARTED WITH VENTURE AMERICA THAT HELPED START THOUSANDS OF BUSINESSES ACROSS THE COUNTRY.

WHILE I WAS DOING THAT WORK, I REALIZED WE HAD AUTOMATED AWAY 4 MILLION MANUFACTURING JOBS THROUGHOUT THE MIDWEST AND THE SOUTH, WHICH IN MY MIND LED DIRECTLY TO DONALD TRUMP WINNING

MY FRIENDS IN SILICON VALLEY KNOW WE ARE ABOUT TO DO THE SAME THING TO MILLIONS OF RETAIL CENTER JOBS, CALL-CENTER JOBS, AND TRUCK DRIVING JOBS THROUGHOUT THE ECONOMY.

ADAM: IN YOUR BOOK, YOU START WITH A QUOTE FROM STEPHEN HAWKING THE CAUGHT MY EYE.

" “WE ARE AT THE MOST DANGEROUS MOMENT IN THE DEVELOPMENT OF HUMANITY BECAUSE OF THE RISE OF ARTIFICIAL INTELLIGENCE AND AUTOMATION."

HOW DO YOU EXPLAIN THAT ECONOMIC THREAT TO SOMEONE ON ELM STREET HERE IN MANCHESTER?

TO THE PEOPLE OF NEW HAMPSHIRE, I WOULD ASK THIS, HAVE YOU NOTICED MAIN STREET BUSINESSES CLOSING?

THE REASON MAIN STREET STORES ARE CLOSING IS AMAZON IS SUCKING UP AN ADDITIONAL $20 BILLION IN COMMERCE EVERY YEAR.

A LOT OF THAT FROM MAIN STREET BUSINESSES.

MALLS AND MAIN STREET STORES INTO CLOSING.

IT IS NOT LIKE ROBOTS WALKING THE STREET IN NEW HAMPSHIRE, BUT I GUARANTEE IF YOU GO TO AMAZON FULFILLMENT WAREHOUSE YOU WILL SEE THE ROBOTS.

THAT IS IMPACTING PEOPLE IN NEW HAMPSHIRE RIGHT NOW.

THE RUBBER WILL REALLY HIT THE ROAD WITH CARS AND TRUCKS START BECOMING AUTONOMOUS IN THE NEXT SEVERAL YEARS.

ADAM: HOW DOES A UNIVERSAL BASIC INCOME FIT INTO THIS TEMPLATE TO SOLVE THE PROBLEM?

>> WHAT IS GREAT ABOUT THE UNIVERSAL BASIC INCOME, OR THE FREEDOM DIVIDEND, IT WOULD CHANNEL ABOUT $8 BILLION IN NEW BUYING POWER INTO THE HANDS OF NEW HAMPSHIRE MOMS, DADS, REALLY

THAT WOULD CHANNEL ALL THIS MONEY THAT WOULD GO BACK INTO THE MAIN STREET ECONOMY IN NEW HAMPSHIRE.

IT WOULD GO TO CAR REPAIRS, THE OCCASIONAL NIGHT OUT, TUTORING, FOOD FOR YOUR KIDS, HOME REPAIRS YOU HAVE BEEN PUTTING OFF.

ALL OF THAT MONEY WOULD STAY IN NEW HAMPSHIRE.

IT WOULD CREATE ABOUT 15,000 NEW JOBS RIGHT HERE.

RIGHT NOW, THOSE JOBS ARE GETTING SUCKED INTO THE CLOUD BY AMAZON AND EVENTUALLY BY THE SELF DRIVING CARS AND TRUCKS COMING TO OUR HIGHWAYS SOON.

ADAM: ARE THERE ANY OTHER COUNTRIES THAT HAVE DONE THIS WITH ANY MEASURE OF SUCCESS?

FINLAND EXPERIMENTED WITH IT BUT IT DID NOT SOUND LIKE THEY FIGURED IT OUT.

WEDNESDAY HAS HAD A DIVIDEND IN EFFECT FOR 36 YEARS -- ONE STATE HAS HAD A DIVIDEND IN EFFECT FOR 36 YEARS.

THAT STATE'S ALASKA WHERE THEY HAVE HAD AN OIL DIVIDEND IN A DEEPLY CONSERVATIVE STATE SINCE THE EARLY 1980'S.

I SAY TO PEOPLE, WHAT IS THE OIL OF THE 21ST CENTURY?

IF YOU REFLECT, YOU REALIZE THE OIL OF THE 21ST CENTURY IS TECHNOLOGY, SOFTWARE, ARTIFICIAL INTELLIGENCE, SELF-DRIVING CARS AND TRUCKS.

ADAM: DO YOU WORRY ABOUT FOSTERING GOVERNMENT DEPENDENCE?

I THINK THERE'S A REAL LIBERTARIAN STREAK IN NEW HAMPSHIRE.

MILTON FRIEDMAN, THE PATRON SAINT OF LIBERTARIAN ECONOMICS, WAS FOR THIS PLAN BECAUSE THERE IS NOTHING MORE LIBERATING THAN HAVING ECONOMIC FREEDOM.

IF EVERYONE WATCHING AND LISTENING THINKS, WHAT WOULD YOU DO WITH $1000 A MONTH?

THIS IS THE OPPOSITE OF SO MANY GOVERNMENT PROGRAMS WHERE THERE ARE ALL THESE STRINGS ATTACHED.

IT WOULD CUT A LOT OF THE RED TAPE AND LIGHTEN UP THE BUREAUCRACY THAT RIGHT NOW IS CONSTRAINING THE CHOICES OF MANY AMERICANS.

IT SOUNDS IT WILL BE A BIG OUTLAY IN ADDITION TO OTHER MAJOR PROGRAMS YOU ARE PROPOSING.

>> YOU HAVE TO LOOK AT THIS BIG PICTURE WHERE ALL THIS MONEY IS GIVING UP AND THE CLOUD AND HEADING OFF TO THE COASTS.

THE BIG WINNERS FROM THESE NEW TECHNOLOGIES WILL BE THE TRILLION DOLLAR TECH COMPANIES.

WE ARE GOING TO PASS A VALUE ADDED TAX WHICH WILL GET A LOT OF THAT MONEY BACK AND BRING IT TO THE PEOPLE OF NEW HAMPSHIRE SO YOU CAN REBUILD YOUR MAIN STREET ECONOMIES.

OUR ECONOMY NOW IS SO VAST AT ALMOST $20 TRILLION THAT A VALUE ADDED TAX THAT WOULD FALL MOST HEAVILY ON THE COMPANY'S IN A FITTING FROM AUTOMATION WOULD BE ENOUGH TO PAY A $1000 DIVIDEND

ADAM: IF YOU COULD ENGINEER A COMPROMISE TO END THE GOVERNMENT SHUTDOWN, WHAT WOULD YOU DO?

>> IF I WERE THE PRESIDENT, IT WOULD NEVER HAVE COME TO THIS.

THIS WALL IS MUCH MORE OF A SYMBOL THAN A SOLUTION.

ANYONE WHO LOOKS AT IT REALISTICALLY KNOWS THEIR MASSIVE PARTS OF THE BORDER THAT WILL END UP HAVING THIS IMPASSABLE WALL.

YOU WILL JUST BE CHANNELING TRAFFIC AND RESOURCES TO OTHER PARTS OF THE BORDER.

THE PROBLEM NOW IS OUR GOVERNMENT HAS FALLEN INTO SUCH A STATE OF DYSFUNCTION THAT PEOPLE ARE WILLING TO ARGUE OVER SYMBOLS.

YOU ARE TALKING ABOUT $5 BILLION IN THE CONTEXT OF A FEDERAL BUDGET.

AT THIS POINT, NEITHER DEMOCRATS NOR PRESIDENT TRUMP CAN GIVE AN INCH.

IT IS UNFORTUNATE WE HAVE REACHED THIS POINT.

IF I WERE PRESIDENT, WE WOULD NEVER BE NEAR THIS.

I AM NOT THE SORT OF PERSON WHO WOULD SHUT DOWN THE GOVERNMENT OVER SOME SYMBOL.

I AM A CEO AND BUSINESS PERSON, AND YOU WOULD NEVER SHUT DOWN A BUSINESS BECAUSE THE LEADERS CANNOT GET ALONG.

ADAM: SHOULD THE DEMOCRATS IN WASHINGTON ACCEPT SOMETHING LIKE A BARRIER IN EXCHANGE FOR REOPENING THE GOVERNMENT?

>> THAT IS A SIGN OF HOW RIDICULOUS THINGS ARE GETTING.

DEMOCRATS ARE LIKE IF YOU DON'T CALL IT A WALL, WE MAY SIGN ONTO A BARRIER.

THE STAKES ARE HIGH ENOUGH WHERE YOU WOULD HAVE TO CONSIDER A COMPROMISE.

BOTH PARTIES SHOULD AGREE YOU NEED TO ENFORCE A STRONG BORDER.

THEY DON'T WANT TO GET PRESIDENT TRUMP HIS SYMBOLIC WALL.

ADAM: A LOT OF DEMOCRATS FEEL DONALD TRUMP IS UNFIT FOR OFFICE AND SHOULD BE IMPEACHED.

>> I THINK PRESIDENT TRUMP IS A SYMBOL OF THE DEEP DYSFUNCTION OUR ECONOMY HAS WROUGHT ON THE AMERICAN PEOPLE.

57% OF AMERICANS CANNOT PAY AN UNEXPECTED $400 BILL.

WE ARE ABOUT TO DO THE SAME TO RETAIL AND TRUCK DRIVING JOBS AND ON AND ON.

PEOPLE REACHED OUT TO SOMEONE LIKE DONALD TRUMP BECAUSE THEY WERE DESPERATE FOR CHANGE IN THE GOVERNMENT THAT WAS FAILING THEM.

THE FACT THAT DONALD TRUMP IS NOT A GREAT LEADER OR PRESIDENT SHOULD NOT BE A SHOCK.

YOU SORT OF KNEW YOU WERE TAKING A MASSIVE GAMBLE.

I DON'T THINK IMPEACHMENT IS THE ANSWER BECAUSE WE NEED TO BEAT HIM AT THE BALLOT BOX AND START SOLVING THE PROBLEMS THAT GOT HIM ELECTED IN THE FIRST PLACE.

ADAM: YOU ARE A SUPPORTER OF MEDICARE FOR ALL.

IF THE GOVERNMENT DOES HAVE A SINGLE-PAYER HEALTH CARE SYSTEM, OBVIOUSLY HEALTH CARE RATIONING EXISTS NO MATTER WHAT SYSTEM, BUT WHAT PROCEDURES DO YOU BELIEVE WOULD BE RATIONED UNDER

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CloseUp: Presidential candidate Andrew Yang advocates universal basic income

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