Entrepreneur and political novice Andrew Yang is hoping a wild gambit will help him win the Democratic presidential nomination: give 10 American families US$1,000 a month.
The announcement of a test run of his signature universal basic income proposal, which Yang argues is necessary to counter automation’s threat to millions of American jobs, garnered cheers from the student audience at the September debate and gave his candidacy a boost . At least half a million people have entered Yang’s basic income raffle .
Although he called his idea “unprecedented,” that’s not entirely true. It’s a direct echo of the Townsend Plan, […]
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