Placeholder Image

Subtitles section Play video

  • As some presidential candidates continue to

  • drop from the race ahead of the Iowa Caucuses, one

  • non-traditional one is still in it, and still

  • growing his followers online.

  • We sit down with democratic presidential

  • candidate Andrew Yang on this edition of Iowa

  • Press.

  • Funding for Iowa Press was provided by Friends, the

  • Iowa Public Television Foundation.

  • The Associated General Contractors of Iowa, the

  • public's partner in building Iowa's highway,

  • bridge and municipal utility infrastructure.

  • I'm a dad.

  • I am a mom.

  • I'm a kid.

  • I'm a kid at heart.

  • I'm a banker.

  • I'm an Iowa banker.

  • No matter who you are, there is an Iowa banker

  • who is ready to help you get where you want to go.

  • Iowa bankers, allowing you to discover the genuine

  • difference of Iowa banks.

  • ♪♪

  • For decades Iowa Press has brought you

  • politicians and newsmakers from across Iowa and

  • beyond.

  • Celebrating nearly 50 years of broadcast

  • excellence on statewide Iowa PBS, this is the

  • Friday, January 10 edition of Iowa Press.

  • Here is David Yepsen.

  • ♪♪

  • Yepsen: Only months since an enormous

  • field of presidential candidates descended on

  • the Iowa State Fair, the field has dwindled, almost

  • a dozen candidates have left the race since

  • August.

  • But one unlikely contender is still in it.

  • And this entrepreneur is still growing his

  • following online in what he calls the "Yang Gang".

  • Andrew Yang is pursuing the democratic nomination

  • for President and he joins us for the first time here

  • at the Iowa Press table.

  • Mr. Yang, welcome to the show.

  • Yang: It's great to be here.

  • Thank you for having me, David.

  • Yepsen: And I want our viewers to know that to

  • accommodate your schedule and ours we're taping this

  • program on January 3rd.

  • Journalists joining us across the table today are

  • Caroline Cummings, Reporter for Sinclair

  • Broadcast Group and Kay Henderson, News Director

  • at Radio Iowa.

  • Henderson: Let's begin with this question, what

  • is your reaction to the U.S.

  • drone strike that killed Iran's top general?

  • Yang: To me it was a disproportionate response

  • and it's dangerously pushing us towards full on

  • armed conflict with Iran, which is not the will of

  • the American people.

  • So to me we need to pull back, we need to

  • deescalate tensions in the region, protect our bases

  • and embassies in the area.

  • But bigger picture this could have been avoided if

  • we had stayed in the multilateral.

  • nuclear agreement with Iran that President Trump

  • pulled us out of, which ended up leading to this

  • series of provocations.

  • We need to go back to first principles.

  • In our Constitution it says that it is an act of

  • Congress to declare war and that has not been the

  • case since 2001.

  • We have been in a constant state of armed conflict

  • since 2001 and we need to push the power to declare

  • war back to Congress where it belongs.

  • Henderson: If voters are undone by this, how do you

  • argue that your experience is better in the Oval

  • Office than someone like Vice President Joe Biden

  • with his foreign policy portfolio, or someone like

  • Pete Buttigieg who has a military background?

  • Yang: As Commander in Chief I will be focused on

  • the greatest threats of the 21st century which

  • include state actors, like Iran yes, but also climate

  • change, artificial intelligence, cyber

  • security.

  • These are issues that frankly an extra aircraft

  • carrier may not help secure us against.

  • To me those are the real challenges of this time

  • and that is where I would lead us as President.

  • Cummings: Why would you be a good wartime President?

  • Yang: When I talk to Iowans and people around

  • the country what they're looking for in a Commander

  • in Chief is a sense of judgment and values and I

  • would approach these life and death decisions with

  • the values of the American people in mind.

  • When I talk to Americans around the country they do

  • not want us to be putting our brave men and women

  • into harm's way in foreign theaters that are not core

  • to our national interests.

  • Cummings: You recently said on Twitter in

  • response to this that you have signed a pledge to

  • end "forever wars".

  • Is there ever a time though that there is no

  • choice?

  • Yang: I have a three part test for when I would

  • intervene militarily.

  • The first is that there needs to be a vital

  • national interest at stake or the ability to avert a

  • clear humanitarian catastrophe.

  • Number two, there needs to be a well-defined timeline

  • where we can bring our troops home.

  • And number three, we need to have partners and

  • allies that are willing to join us in the mission.

  • If these three conditions are satisfied then I would

  • consider engaging our troops but it needs to be

  • a very high threshold.

  • I speak to veterans here in Iowa and across the

  • country and many of them are still struggling.

  • To me the investment has to be when you recruit men

  • and women into the Armed Forces, but then it has to

  • persist after they come home.

  • Our resources right now are heading to things that

  • are not making our people stronger or more secure.

  • Yepsen: Let's talk about your campaign.

  • The hallmark of your campaign is something

  • called a universal basic income.

  • Would you explain that to us?

  • Yang: The freedom dividend is a policy where every

  • American adult gets $1000 a month from the age 18

  • until you expire.

  • That seems very dramatic but this is a deeply

  • American idea that has been with us since our

  • founding.

  • Thomas Paine was for it, Martin Luther King was for

  • it, Milton Friedman was for it and one state,

  • Alaska, has had a dividend in effect for almost 40

  • years where now everyone in the state gets between

  • $1000 and $2000 a year no questions asked.

  • What oil is to the people of Alaska, technology is

  • to the entire country.

  • Here in Iowa this state went red in the 2016

  • election because we blasted away 40,000

  • manufacturing jobs right here in the state.

  • And what we did to those jobs we are now doing to

  • retail jobs throughout the state where 30% of your

  • stores and malls are closing forever.

  • It started on your farms and moved to your

  • factories, now it's on your Main Streets,

  • eventually it will hit your highways in the form

  • of self-driving trucks.

  • We need to have a freedom dividend in place so

  • everyone here in Iowa actually participates in

  • the gains of the 21st century economy instead of

  • being sucked dry, which is what is happening to many

  • rural areas here in Iowa and around the country.

  • Yepsen: Why do you call it the freedom dividend?

  • Yang: It's a dividend on our shared economic

  • progress and it makes us more free to pursue the

  • kind of work that we want to do every day.

  • It also recognizes the kind of work that my wife

  • does at home with our two boys, one of whom is

  • autistic.

  • That work does not get included in our economic

  • measurements, it is not recognized by our market

  • as having value, and we know that is the most

  • valuable and challenging work that anyone is doing.

  • So the freedom dividend would recognize the work

  • we're already doing in our families and communities

  • and it also makes us more free to pursue work that

  • would meet our own needs and values.

  • Cummings: You cited Alaska, or you cited it on

  • this program and you cite it on the trail, but that

  • is based on oil money and it's also a different

  • model.

  • You're talking about $1000 a month for a whole year,

  • this is $1000 to $2000 a year.

  • Considering that and Alaska's population is it

  • a fair test case for a universal basic income for

  • the country?

  • And are there things in Alaska's economy that you

  • can point to, to say this actually really works?

  • Yang: If you look at the petroleum dividend first

  • it was passed by a republican Governor in a

  • deep red state.

  • It is wildly popular, has created thousands of jobs,

  • has improved children's health and nutrition and

  • has decreased income inequality in the state.

  • If you look up, we have a trillion dollar tech

  • company, Amazon, that is paying literally zero in

  • taxes, less than everyone watching this at home

  • right now.

  • It's not just Amazon.

  • Many of our tech giants are paying zero or near

  • zero in taxes and they're selling and reselling our

  • data for tens of billions of dollars.

  • I joke with voters on the trail, if our data is so

  • valuable why didn't you get a data check in the

  • mail?

  • And then they laugh.

  • But I tell them, the data checks are all flowing

  • straight to Facebook and Amazon and Google.

  • So what oil is to Alaska, technology, data, AI,

  • software, is to the rest of the country.

  • And the biggest winners in the 21st century economy

  • are not actually sharing those winnings with the

  • rest of us.

  • That is what I'm going to change as President.

  • Cummings: So how do you actually pay for that

  • though?

  • Critics of the idea like the Tax Foundation say the

  • math just doesn't add up.

  • Yang: Well, I love math and if you look at our

  • system, again, if you have the biggest companies in

  • our society paying zero in taxes then of course it's

  • going to be hard to pay for much of anything.

  • But if you put a mechanism in place where we get our

  • fair share of every Amazon sale, every Google search,

  • every Facebook ad, eventually every robot

  • truck mile and AI work unit, it will generate

  • hundreds of billions of dollars in revenue from

  • day one.

  • And then when this thousand dollar dividend

  • is in the hands of every Iowan the money will go

  • right back into your communities to car repairs

  • you've been putting off and daycare expenses and

  • little league signups and local non-profits and

  • religious organizations.

  • This is the trickle up economy from our people,

  • families and our communities up because the

  • money doesn't disappear, it circulates right

  • through our Main Streets every single day.

  • Yepsen: Talk about the taxes you would have to

  • raise to pay for this.

  • A value added tax?

  • National sales tax?

  • Talk about those elements.

  • Yang: So if you look around the world other

  • countries have had the same issue that we have

  • where you have the Amazons paying zero in taxes.

  • So what they have done is they have passed a value

  • added tax that takes a tiny toll at the point of

  • sale and it's impossible for these companies to

  • escape that kind of transactional tax.

  • So if you had that kind of tax on the Amazons of our

  • country it ends up generating hundreds of

  • billions of dollars of revenue very quickly.

  • So a value added tax at even half the European

  • level would generate more than $800 billion in new

  • revenue with a giant up arrow attached to it

  • because these companies are producing more value

  • every day.

  • Right now if artificial intelligence software

  • comes out and replaces the 2.5 million Americans who

  • work at call centers right now who make $14 an hour

  • we're not going to see a dime of that value unless

  • we have this kind of mechanism in place.

  • Yepsen: What percentage value added tax?

  • Yang: Half the European level would be

  • approximately 10%.

  • But what you can do is you can ratchet that up on

  • things like artificial intelligence and robot

  • trucks and then exempt things like diapers and

  • milk.

  • You can have the toll be higher on the things that

  • you want to target most effectively.

  • Yepsen: Caroline mentioned the Tax Foundation.

  • The Tax Foundation says it will have to be more like

  • 22% and you can only afford $750 a month.

  • Yeah, it's math and all that, but there's a big

  • difference in the cost of what this would be and

  • also just how much Americans would get out of

  • it.

  • Yang: What the Tax Foundation is missing,

  • again, is the trickle up second order benefit and

  • impact of having this money in our hands because

  • Iowans know this, 78% of us are living paycheck to

  • paycheck, almost half of us can't afford an

  • unexpected $500 bill, so if you put $1000 into our

  • hands it will get spent in our communities and it

  • will circulate through our communities multiple times

  • and that will generate in itself hundreds of

  • billions of dollars in new value and tax revenue.

  • It will also be an almost unprecedented boon to

  • creativity, arts, culture, entrepreneurship, new

  • business formation, and risk taking.

  • Right now rates of new business formation in Iowa

  • and around the country are at multi-decade lows

  • because people don't have the means to be able to

  • take a risk.

  • We have loaded our young people up with record

  • levels of student loan debt.

  • And if you're not starting new businesses then you're

  • going to have a very hard time creating the growth

  • and jobs that you need.

  • You put this dividend in our hands and you will see

  • the new business formation rates rise very quickly.

  • Henderson: Other than the universal basic income

  • sort of way to tide the economy over as it

  • transitions because of artificial intelligence do

  • you foresee measures that the federal government

  • should take to regulate robotics?

  • Yang: I do.

  • Right now our government is 25 years behind the

  • curve on technology and I can say that with

  • precision because we got rid of the Office of

  • Technology Assessment in 1995.

  • So Congress has been flying blind on technology

  • issues for over two decades.

  • And if you turn on any of the D.C. programming you

  • sense that they don't get it, they don't understand

  • that our kids right now are addicted to

  • smartphones, that we have some of the smartest

  • programmers in our country turning super computers

  • into dopamine delivery devices for our teenagers.

  • D.C. is way behind that curve.

  • D.C. doesn't understand what is going on with AI

  • and robotics.

  • So it's not just about this dividend that is

  • distributed throughout our society to make us all

  • beneficiaries.

  • It's also that we need to get into the labs and

  • partner with some of the leading technology firms

  • to make sure they're not doing something

  • problematic or even disastrous.

  • Henderson: How do you do that in a capitalistic

  • society, put limits on technology?

  • Yang: I am friends with some of the leading

  • technologists in our country and they have said

  • to me that their incentives on things like

  • artificial intelligence are all to go as fast as

  • possible because they're competing with each other

  • and China.

  • And so they said look, if all of us are just racing

  • at breakneck speed one of us is going to do

  • something really, really problematic at some point.

  • And they actually said to me, we could use some

  • guardrails from government on this.

  • So this is from the technologists themselves.

  • Now, again, our government is so behind the curve

  • that we can't even take them up on this request.

  • But that would change with me in the White House.

  • Henderson: You mentioned China.

  • As President how would you crack down on China using

  • technology as sort of a Big Brother?

  • They're monitoring minority populations with

  • technology today.

  • Yang: Yes, what they're doing to the Uyghur

  • population in their country is reprehensible

  • and we need to do a number of things.

  • Number one, we need to make sure that our

  • technology companies remain the world leaders

  • in artificial intelligence and right now we are in

  • danger of being leapfrogged by the Chinese

  • because they have more access to more data than

  • we do and the government is subsidizing their

  • computing infrastructure to the tune of tens of

  • billions of dollars, more than even our richest

  • companies.

  • So number one, as President I would partner

  • with our technology companies to make sure

  • that we can match the resources that the Chinese

  • are bringing.

  • Number two, we need to have a world data

  • organization analogous to the WTO to set standards

  • for how this technology is being used and how our

  • data is being used.

  • Right now China has developed its own

  • technology ecosystem that it is trying to export to

  • other parts of the world.

  • We have to make sure that they fail because we do

  • not want a world where everyone is using Chinese

  • software.

  • And the way we make sure that they do not make

  • inroads is you set a global standard with the

  • EU and Japan and you let China know that they have

  • no choice but to play ball just the same way they did

  • with the WTO.

  • Henderson: You mentioned privacy.

  • California has recently enacted a law about the

  • use of the stuff that we all do online.

  • Should that be a federal law?

  • Yang: It should but I would go even further than

  • the California law.

  • Our data should be ours regardless of whether or

  • not we loan it to a technology company.

  • We should know what they're doing with it,

  • certainly if they're selling and reselling it.

  • We should benefit directly from any revenue they're

  • generating from our data.

  • I would make it so that we're getting data checks

  • in the mail.

  • And we need to be able to turn off the data if we

  • decide that we want to walk away.

  • Right now it's a black box, no one knows what is

  • going on and we just get notified when there is a

  • breach and we're like, oh I guess my password got

  • hacked and maybe I have to change all my passwords.

  • That's the way we're interacting with our data

  • privacy right now and it is not enough.

  • We have to let the technology companies know

  • that it's still our data and that is where the

  • federal government has to have a very firm hand.

  • Cummings: Julian Castro who recently departed from

  • the race has said that Iowa and New Hampshire

  • should no longer remain first in the primary

  • calendar because they are overwhelmingly white.

  • Do you agree that the calendar ought to change?

  • Yang: I love Iowans, I love New Hampshire voters.

  • I find everyone to be very smart and savvy and able

  • to make decisions based on something bigger and

  • broader than their own identity.

  • To me Iowa elevated Barack Obama.

  • I feel very confident that my campaign's case to

  • rewrite the rules of the 21st century to work for

  • us and our kids will resound loud and clear

  • here in Iowa.

  • I do not have a problem with our process.

  • Cummings: But you have spent an overwhelming

  • amount of time in New Hampshire, more than any

  • other candidate.

  • Is Iowa not as important in your calculus to the

  • nomination?

  • Yang: I've been in both states 24 times, this is

  • my 24th trip here to Iowa.

  • And I'm a parent with two young boys.

  • I joke that it's like having kids where if you

  • visit one you have to visit the other.

  • (laughter) Yang: So certainly it's not a

  • situation where Iowans have not had the same

  • level of dedication and energy because history

  • will be made right here on February 3rd.

  • Henderson: You have been outspoken about the

  • Democratic National Committee's rules about

  • who can and cannot participate in the

  • debates.

  • Have the rules for the January 14th debates just

  • gotten out of hand?

  • Yang: What's fun is this will be airing on January

  • 10th so we'll all find out what's going on.

  • But I don't have a problem with the DNC's rules

  • either as long as there are actually polls in the

  • field.

  • Right now as we're having this conversation there

  • has not been a qualifying poll here in Iowa in

  • almost 50 days.

  • That is a long time in this campaign.

  • And so as long as there are actually polls in the

  • period I don't have a problem with the DNC's

  • requirements.

  • But if there aren't polls in the period then I would

  • suggest that is not an appropriate standard to

  • hold campaigns to because how can you actually meet

  • a threshold if there are no polls?

  • Yepsen: I want to talk about your own career.

  • You're running for President of the United

  • States.

  • Most Presidents have had some experience in public

  • office, most, not all.

  • Why didn't you start a political career the way

  • Theodore Roosevelt did, whom you say you admire?

  • He held several public offices before he became

  • Vice President.

  • Why not run for the U.S.

  • Senate?

  • Why not some other office?

  • Yang: I spent the last seven years helping to

  • create several thousand jobs in the Midwest and

  • the South primarily and I saw that we had blasted

  • away 4 million manufacturing jobs leading

  • directly to Donald Trump becoming President and our

  • country unfortunately was scapegoating immigrants

  • for things that immigrants had very little to do

  • with.

  • If I decided to bide my time and try and climb the

  • political ranks we would run out of time.

  • We have five to ten years before the robot trucks

  • hit our highways.

  • I have been to I-80 in Davenport and it says very

  • proudly that 5,000 people stop there every day.

  • When you have self-driving trucks how many people

  • will stop at I-80 and the other tens of thousands of

  • truck stops, motels and diners that rely upon

  • truckers getting out and having a meal?

  • I'm running for President not because I fantasized

  • about being President.

  • I'm running for President because I'm a parent and a

  • patriot, I see the future we are leaving to our

  • children, it is not something I'm willing to

  • accept and Iowans should not accept it either.

  • Cummings: Mr. Yang, we'll briefly switch to some of

  • the top issues of the campaign, health care

  • among them, and the debate over Medicare for all.

  • You have said that you agree with Medicare for

  • all, the Bernie Sanders' backed plan, in "spirit".

  • Can you explain what that means?

  • Yang: I believe we need universal health care in

  • this country but I would not legislate away private

  • insurance.

  • Many Americans negotiated for their private

  • insurance plans with their employers and even gave up

  • wages to do so.

  • So the government needs to provide universal health

  • care and then demonstrate to the American people

  • that this is a better way to go than the private

  • insurance plans and outcompete them over time.

  • But our health care system is fundamentally not

  • working because it is not designed to actually make

  • us stronger and healthier.

  • It is designed to make maximum revenue and profit

  • for the drug companies, the private insurance

  • companies and the device companies and that is what

  • needs to change.

  • We have to get the incentives aligned with

  • our health and well-being and then we will actually

  • be able to make progress on the real issues in our

  • communities like the fact that people can't afford

  • drugs, the fact that we have record levels of

  • suicides and drug overdoses, the fact that

  • our life expectancy has declined for the last

  • three years, almost unprecedented in a

  • developed country.

  • We're spending 18% of our GDP on our health care

  • system and it is not actually working for us.

  • Henderson: The other big debate among the

  • candidates has been about free tuition for college

  • at a public institution.

  • There are private colleges all over Iowa that are

  • very worried about this.

  • Do they have good reason?

  • Yang: I think that free college is an appealing

  • idea but to me is not the right approach.

  • Now, should we be supporting public

  • education to a higher level?

  • Yes.

  • Have costs become totally out of control for parents

  • and families who are sending their kids to

  • college?

  • Yes.

  • But emphasizing free college as the path

  • forward ignores the fact that two-thirds of

  • Americans will not graduate from a four year

  • university and that millions of Americans

  • instead should be heading towards vocational, trade,

  • and apprenticeship programs that right now

  • we're systematically underinvested in.

  • Only 6% of American high schoolers are in technical

  • or trade programs.

  • In Germany that is 59%.

  • Think about that gulf.

  • So saying hey, we're going to make college free for

  • everyone is sending the wrong message, is

  • subsidizing a group of Americans that in many

  • cases need the subsidy less than some others.

  • Instead we should be giving everyone $1000 a

  • month, which partially pays for your tuition if

  • you decide to pursue that, but it also helps you go

  • to trade school, helps you start a business, helps

  • you care for your loved ones.

  • This is a much more fair and even-handed investment

  • of our society's resources rather than just saying

  • everyone should go to college.

  • The other thing I want to point out is that 40% to

  • 44% of recent college graduates are doing a job

  • that doesn't require a college degree and

  • subsidizing college education does not change

  • the underemployment rate for recent grads.

  • Cummings: All of your democratic counterparts in

  • this race agree that climate change is an

  • imminent threat.

  • But there are Americans who outright disbelieve

  • that climate change is real.

  • How do you convince the nation that this is an

  • important issue, as important as you and

  • others say it is?

  • Yang: Well, to me a lot of the reason why Americans

  • can't get unanimity or consensus on climate

  • change is that so many of us are just living

  • paycheck to paycheck and it's very hard if you

  • can't pay next month's rent for someone to say

  • hey, you need to worry about this problem that

  • may be years away.

  • The first thing we have to do is get the boot of

  • scarcity off of everyone's throat, say look, your

  • future is secure, your kids' future is secure.

  • And then we have to put a stop to this tug of war

  • that many Americans feel.

  • When you say we need to fight climate change do

  • you know what they hear?

  • They hear my prices are going to go up, my costs

  • are going to go up, my life is going to become

  • more inconvenient and the jobs are going to

  • disappear.

  • We have to let people know, look, addressing

  • climate change can be a huge job creator and it

  • will not increase your costs, it actually can

  • bring them down over time if we invest in the right

  • way.

  • But it begins with Americans feeling secure

  • in their own future because if you're not

  • secure in your own future then you're much less

  • likely to think about very huge future oriented

  • problems like climate change.

  • Yepsen: We've got just a minute left and let's talk

  • about entrepreneurship.

  • What should Iowans watching this program do

  • to foster a spirit of entrepreneurship in this

  • state or in their own children?

  • Yang: I'm a parent myself and so this is very near

  • and dear for me.

  • A lot of it is just preparing your kids to

  • become more resilient and feel secure in themselves

  • even if something does not work out.

  • So this could be sports, this could be getting out

  • in the neighborhood and trying to help an

  • organization in some way, but just letting our kids

  • know that they are sturdy and tough and that if

  • something goes wrong they can pick themselves up and

  • doing something that they actually care about rather

  • than something that they think is going to be

  • better for them in terms of the paycheck.

  • Those are the ways that we can actually prepare our

  • children for the next version of this economy.

  • Yepsen: Mr. Yang, we're out of time.

  • Thank you very much for being with us today.

  • Yang: Thank you, David, such a pleasure.

  • Yepsen: And we'll be back next week with another

  • edition of Iowa Press at our regular times, Friday

  • night at 7:30 and again at Noon on Sunday.

  • For all of us here at Iowa PBS, I'm David Yepsen.

  • Thanks for joining us today.

  • ♪♪

  • Funding for Iowa Press was provided by

  • Friends, the Iowa Public Television Foundation.

  • The Associated General Contractors of Iowa, the

  • public's partner in building Iowa's highway,

  • bridge and municipal utility infrastructure.

  • I'm a dad.

  • I am a mom.

  • I'm a kid.

  • I'm a kid at heart.

  • I'm a banker.

  • I'm an Iowa banker.

  • No matter who you are, there is an Iowa banker

  • who is ready to help you get where you want to go.

  • Iowa bankers, allowing you to discover the genuine

  • difference of Iowa banks.

As some presidential candidates continue to

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it