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.
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.
Local 4 News, your local election headquarters, is proud to present 4 The Record, a weekly news and public affairs program focused on the issues important to you. It’s a program unlike any other here in the Quad Cities. Tune in each Sunday at 10:30 a.m. as Jim Niedelman brings you up to speed on what’s happening in the political arena, from Springfield, Des Moines, Washington, D.C. and right here at home.