Presidential candidate Andrew Yang wants to give Americans $1,000 per month

May 5, 2019 in News, Video by Slad

Andrew Yang, entrepreneur and 2020 caucus candidate, gives a speech and answers questions from the audience on Sunday, April 28, 2019, at Franklin Junior High in Des Moines.

Source: www.freep.com
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Andrew Yang, entrepreneur and 2020 caucus candidate, wants to give an Iowa family $1,000 a month to demonstrate his campaign policy.

During a campaign stop in Detroit, Democratic presidential candidate Andrew Yang pitched his proposed plan to provide $1,000 a month payments to every American.

Yang talked to a young, diverse crowd of around 300 people at Detroit Shipping Company, a restaurant collective in Midtown Detroit, on Saturday as part of his Humanity First Tour, according to MLive,

One of the subjects he touched on was his Universal Basic Income proposal, under which he says every American over the age of 18 would receive $1,000 a month.

Yang says the plan is needed to counter the rise of automation in jobs. He states on his website that by 2015, automation had already destroyed four million manufacturing jobs. Yang believes over the next 12 years, 1 out of 3 American workers are at risk of losing their jobs to new technologies, and that new jobs will not be created in time to make up for it.

 The UBI would be a form of Social Security given by the government, regardless of income or employment status. If Yang wins the 2020 elections, he says, payments would begin in January 2021.

Funding for UBI, he said, would come from a value-added tax of 10%. A VAT is a tax for a business’s production of good and services.

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