Democrat Andrew Yang promises every American $1,000 a month if president

4 The Record

Democratic presidential candidate Andrew Yang is pushing an idea you probably have never heard of before.

It’s called universal basic income.

He wants to pay every American adult $1,000 a month.
This is the second part of our conversation on 4 The Record.

Universal basic income

Yang has ideas that are definitely different. One that really stands out is your intent to pay a universal basic income. It would pay $1,000 a month to every American adult.

This would be a paradigm shift. I’ve never heard this talked about by anyone in Congress. Health care reform, climate change policies, immigration, family leave policies, marijuana legalization… all of which you support the progressive positions.

Yang addressed whether this is more ideological than realistic and responded to critics who will say it would make Americans more dependent on the federal government and create an unnecessary entitlement program.

Value-added tax

Yang would pay for it with a value-added tax. A lot of countries have this already. It’s like a national sales tax.
He proposes a 10 percent rate.
Democrats and Republicans have floated this idea in the past.

Yang discussed whether he wants this to replace the income tax system and what changes he would do to do that.

See the full conversation in the video above.

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