back in 2017, said that his proposal to provide every American adult with a $1,000 guaranteed monthly income is a plan to evolve the U.S. economy for the 21st century.elected in 2016," Yang told ABC News Chief Anchor George Stephanopoulos on "This Week" Sunday. "And to me the main driver of his victory was that we automated away 4 million manufacturing jobs in Michigan, Ohio, Pennsylvania, Wisconsin, the swing states he needed to win.
Born to immigrants from Taiwan in Schenectady, New York, Yang studied economics and political science at Brown University and went on to Columbia University's law school. After briefly working as a corporate lawyer, Yang became a small business owner and went on to work for a healthcare startup. Yang then ran a national education company that was eventually purchased. Yang took the earnings from the purchase and committed "to create jobs in cities hit hard by the financial crisis.
"Well this has been in place in one state, Alaska, for almost 40 years, where it's universal. Everyone in the state gets between $1,000 and $2,000 a year from oil money," Yang said. "And because it's oil money, there's no stigma attached, it's not a rich to poor transfer, and it's wildly popular in a conservative state."
"What we have to do is, we have to join every other advanced economy and have a value added tax that would fall on the Amazons of the world, and because our economy is now so vast at $20 trillion, up $5 trillion in the last 12 years, a value added tax at even half the European level would generate over $800 billion in new revenue."
For what purpose?
All for it. I”be been paying to giving out free shit. I’ll take some back. Thanks
What's a tech company? Amazon is. But Amazon also competes against Walmart. Is Uber a tech company? Likely. But Uber also competes against auto companies. It's not a well thought out idea. It's simplistic for a complex situation.
What happens when they move their businesses?
Joke
Really? Oh boy! Everybody? No matter if we make an income now or not? Wow! You got my vote dude! Can you even make sure we don’t lose our avocado supply?
So just take the profits of private companies and give to the people? What could go wrong with this plan?
He’s making a good point. Tech companies who re-invest profits w/o paying shareholders have the richest net worth CEO’s. Just how? Facebook is an example. Returning first to investors, shareholders & employees rather than Zuckerberg must be made necessary.
Another guy wasting everybody's time and money thinking he could be President...
I get the underlying premise (automation will destroy or economy) but not sure how this stimulus won’t get past the obvi hurdles - inflation, long term implementation, other essential gov spending, shifting manufacturing needs etc.
First time in 25 years has an idea raised by someone on the left got my attention and actually sound legitimate.
Never heard of this guy.
Queue the Boomers already receiving a ton of tax payer money per month saying this could never happen.
There's a lot of speculation in his explanation on how to pay for it. A lot of assumptions.
Shoot a $1.000 a mouth will disappear on rent alone!! Hello? It sounds good, but it's not!
inflation so instant, you don't even care about the new money.
And then the tech companies move to Japan and South Korea.
Good lord....
, media always has a tendency to misrepresent or leave important things out. There is more to it than just taxing tech companies. Here is a link where he explains UBI aka Freedom Dividend YangGang
Really bruh?
So a universal income ?
And then when those companies high-tail out of here he will..............? Damn....didn’t think of that!
So, they’ll tax these companies, then give $1k each to the owners, executives, workers monthly who are citizens. Then tax them and pay them 1k monthly. Then tax them and pay them 1k monthly again and again. All US citizens he means. Okay. Are they going to tax the 1k?
And when tech companies move out of the country...
You mean if we got rid of big government? And criminal congress?
The numbers don’t work. He should stop playing with himself.
Bahahahahahahaha FreeMoney CommieStyle
Also: Banks, Big Pharma, hedge funds.
Typical Democrat take from a companies and give to others
Does that amount cover citizens only or anyone in the USA.
No it couldn't.
WHO IS THIS GUY?!
What a complete economic fool. He was exposed as such during his interview on benshapiro show. 350,000,000 x $1,000 per month - $350,000,000,000 per month just to fund his buying votes Ponzi scheme. All the tech companies on the planet don't have revenues that high monthly.
Not for long. Why would they stay in business?
The Planned Peasanthood Tax
Is he serious