Here’s his answer to 2)

"My plan to fund UBI is a Value-Added Tax of half the European level. Because our economy is so vast this would generate between $700 and $800 billion in revenue, and this is necessary to capture the ongoing gains from automation (income taxes don’t work very well for that). We spend $500 billion in income support, welfare and disability right now that would be redundant. Our revenue to GDP ratio is 25% which means we would get back 25% of the economic growth that would be generated by putting $1,000 into every American’s hands, which […]

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Andrew Yang has a one word answer for why he’s running for president in 2020. It’s not Trump, or healthcare, or fame. It’s automation: the way in which machines are taking away jobs already and are set to take away many more in the future. “To me, this is an elephant in the room that’s stomping around and making a mess and everyone seems to be ignoring it,” he says.

Yang, a New York entrepreneur, sees machines taking away employment from retail store assistants, truck drivers, and call center workers–some of the most numerous job categories in the country–and before […]

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