Potential next US president promises basic income to all Americans

Andrew Yang is a potential next US president, he promises a universal basic income of $1.000 for all Americans.

He is an American entrepreneur, the Founder of Venture for America, and a 2020 Democratic presidential candidate.

Andrew Yang has worked in startups and early stage growth companies as a founder or executive for nearly two decades.

He is running for President in 2020 as a Democrat and he is 43 years old. His platform is centered on the idea of universal basic income, or cash handouts distributed irrespective of employment status.

He is also the author of a book called “The War on Normal People: The Truth”, which was Originally published in April 3, 2018:

“Good jobs are disappearing. New technologies like robots and AI are great for business, but will quickly displace millions of American workers.

In the next twelve years, a third of all American workers are at risk of permanently losing their jobs, a crisis far worse than the Great Depression.

If we want a bright future, we have to do something we’ve never done before—and we have to do it now.”.

With the fancy slogan “Let’s Put Humanity First.”, Andrew Yang says “It’s time for Universal Basic Income.” in his presidential website’s homepage.

“I’m running for President on a platform of Universal Basic Income and evolution to the next stage of capitalism” he wrote on Twitter.

According to Yang’s platform, a VAT tax, or value-added tax, could pay for a nationwide universal basic income.

Yang has estimated a 10 percent VAT tax would raise between $700 and $800 billion in the United States.

According to his website, Andrew Yang spent the last 6 years creating jobs in cities like Cleveland, Detroit, Baltimore, and Pittsburgh.

Close Menu