Andrew Yang is seeking the presidential nomination of the Democratic Party in 2020. He may not be a household name, but he is running on a bold and headline-grabbing platform.
The central tenet of his campaign is the idea of universal basic income (UBI). All U.S. citizens between the ages of 18 and 64 would receive an unconditional $1,000 per month, which would cost the U.S. between $2 trillion and $3 trillion per year. Perhaps less known is his desire to find a new way to measure economic value. Currently, gross domestic product, or GDP, is the universal way to […]
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