Andrew Yang: ‘We Have To Solve the Problems That Got Donald Trump Elected in 2016’

STEPHANOPOULOS And one of ░░░░░░░░ solutions is universal basic ░░░░░░░░ 12 000 to every ░░░░░░░░ adult So first off ░░░░░░░░ should well off people ░░░░░░░░ you and me get ░░░░░░░░ 000 a year from ░░░░░░░░ government Yang Well this ░░░░░░░░ been in place in ░░░░░░░░ state Alaska for almost ░░░░░░░░ years where it s ░░░░░░░░ everyone in the state ░░░░░░░░ between 1 000 and ░░░░░░░░ 000 a year from ░░░░░░░░ money And because it ░░░░░░░░ universal there s no ░░░░░░░░ attached it s not ░░░░░░░░ rich to poor transfer ░░░░░░░░ it s wildly popular ░░░░░░░░ a conservative state So ░░░░░░░░ we have to do ░░░░░░░░ we have to make ░░░░░░░░ a right of citizenship ░░░░░░░░ all Americans and do ░░░░░░░░ they are doing in ░░░░░░░░ with oil money with ░░░░░░░░ money for all for ░░░░░░░░ around the country STEPHANOPOULOS ░░░░░░░░ had that surplus this ░░░░░░░░ going to cost 2 ░░░░░░░░ to 3 trillion more ░░░░░░░░ half the federal government ░░░░░░░░ current spending So how ░░░░░░░░ you going to pay ░░░░░░░░ it Yang Well if ░░░░░░░░ look around who are ░░░░░░░░ to be the biggest ░░░░░░░░ from A I and ░░░░░░░░ technologies It s going ░░░░░░░░ be Amazon Google Facebook ░░░░░░░░ we all can see ░░░░░░░░ Amazon paid 0 in ░░░░░░░░ taxes last year So ░░░░░░░░ we have to do ░░░░░░░░ we have to join ░░░░░░░░ other advanced economy and ░░░░░░░░ a value added tax ░░░░░░░░ would fall on the ░░░░░░░░ of the world And ░░░░░░░░ our economy is now ░░░░░░░░ vast that 20 trillion ░░░░░░░░ 5 trillion in the ░░░░░░░░ 12 years a value ░░░░░░░░ tax at even half ░░░░░░░░ European level would generate ░░░░░░░░ 800 billion in new ░░░░░░░░ STEPHANOPOULOS The value added ░░░░░░░░ could end up hurting ░░░░░░░░ at the lower end ░░░░░░░░ the income scale you ░░░░░░░░ want to consolidate welfare ░░░░░░░░ and the 1 000 ░░░░░░░░ make up would be ░░░░░░░░ against any other federal ░░░░░░░░ people get So couldn ░░░░░░░░ that end up helping ░░░░░░░░ well off people much ░░░░░░░░ than those at the ░░░░░░░░ end of the income ░░░░░░░░ Yang You know the ░░░░░░░░ at the top end ░░░░░░░░ the the income scale ░░░░░░░░ a lot more and ░░░░░░░░ can actually make the ░░░░░░░░ so it falls more ░░░░░░░░ on luxury goods as ░░░░░░░░ to consumer staples So ░░░░░░░░ the way for us ░░░░░░░░ get this money is ░░░░░░░░ to go to where ░░░░░░░░ money is and where ░░░░░░░░ money is is in ░░░░░░░░ hands of the Amazons ░░░░░░░░ the Googles and Facebooks ░░░░░░░░ the world.