As the coronavirus causes a plunge in oil prices and stock market panic, former Democratic presidential candidate Andrew Yang voiced his support for a universal basic income (UBI) stimulus to help provide an economic cushion amid the crisis.
“I’m in favor of a #UBIStimulus to help people get through a very rough time,” Yang tweeted on Monday afternoon. Hours later, around the time CNN reported that Donald Trump was planning to enact a payroll tax cut to held hourly workers and reports leaked of possible help for affected industries, Yang again expressed his belief that a UBI stimulus is necessary. […]
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