This 2020 Candidate Wants To Give You $1,000 A Month
He also wants to change the way we measure our economy.
Andrew Yang might not be the biggest name in a jam-packed field of 2020 Democrats, but the entrepreneur has some of the most attention-grabbing ideas when it comes to economic policy — mainly, universal basic income.
"We need to do this because technology's now advancing to a point where it's going to displace many, many people out of retail jobs, call center jobs, trucking jobs, and on and on through the economy," Yang said.
He calls it the Freedom Dividend, an opt-in program that would supply every American 18 years and up with $1,000 a month. It would be paid for by the consolidation of funds already being spent on assistance programs, like food stamps, and a value-added tax. Critics say it's a form of socialism, but Yang argues it's a way of declaring a dividend for ourselves as shareholders of our country.
"What we really have to do is to evolve to an economic system that works for us, that revolves around us," Yang said. "What I say about Universal Basic Income is it's not socialism. It's capitalism where income doesn't start at zero.”
While his campaign for basic income put him in the spotlight, Yang has other economic proposals vastly different than his Democratic counterparts. That includes wanting to change the way we measure the economy.
"America's life expectancy has declined for the last three years, suicides and drug overdoses are at record highs, mental health is reaching, unfortunately, crisis levels in terms of depression and anxiety. So GDP is record-high, but we're disintegrating in many aspects of our society. We need to change the measurements to things that reflect how we're doing, things like mental health and freedom from substance abuse, income and affordability, childhood success rates, environmental sustainability," Yang said.
Yang's 2020 campaign marks his first foray into politics. He has spent most of his life as an entrepreneur and has a steep hill to climb. Polling shows him far behind declared Democrats like Elizabeth Warren or Kamala Harris. And he won't qualify for the primary debates in June unless he polls 1 percent in three different polls or gets enough donations. But he says he has no qualms about it.
"I was 1 percent or higher in the last Monmouth poll and that was nationwide, and most people are still getting to know me. So I'll be on the debate stage in June, no doubt about it," Yang said.
Utah law aims to curb teen use of TikTok, Instagram
Utah's governor has signed sweeping legislation aimed at trying to significantly lower use of TikTok and Instagram among young people.
Trump arrested? Putin jailed? Fake AI images spread online
Experts warn that AI-generated images can and will contribute to misinformation, especially online.
TikTok CEO's Capitol Hill testimony raises questions
As lawmakers consider banning TikTok in the U.S., its CEO said "Bans are only appropriate when there are no alternatives."
Are video games contributing to gambling problems?
Experts say the legalization of gambling, especially in mobile settings, is leading to a blurrier line between that and video games.
Ukrainian mom's visit to the US turned into a mission to help refugees
What started as visit to her son in Chicago is now a mission to help other Ukrainian refugees settle in the Windy City.
Woman sues artificial tears maker after loss of eyeball
Ezricare's artificial tears have been linked to a bacterial infection that is causing blindness, loss of eyes and even death.