Presidential Bid: Andrew Yang 2020
Enter Andrew Yang. He's the founder of Venture For America, a fellowship program for young entrepreneurs, and one of his most popular ideas is providing $1000 a month as a basic income for all Americans who needed it. The way he sees it, the technological advances right around the curve that push automation will disrupt the very livelihood of many Americans. We've already seen Tesla unveil autonomous vehicles, and Amazon disrupting the checkout process in the traditional grocery store- it's not far fetched that this could literally happen to every other industry where an entrepreneur sees fit to make a profit or improve a process.
He may not be a front runner in this 2020 election, but be clear: his message is strong enough to resonate among the youth and any other American who wanted/needed $1000 a month as a basic income. This would cost Americans roughly 2 trillion dollars a year- more taxes??
According to Fast Company, to pay for his plan Yang proposes a value added tax–sort of like a sales tax, except it’s collected not only at the retail sales stage, but at any part of the production chain where goods are transferred. Many other countries have VATs instead of sales taxes, seeing them as a fairer way to tax commerce than our model, which puts all the burden on consumers at the end of the value chain.
It sounds pretty good, an interesting concept both Bernie and Hillary both alluded to it but more so as one of those long-shot "sounds good saying it on stage when I'm campaigning, but it'll probably get lost in the midst of all the other obligations I'll have as President...".
Either way, we're all for anyone fighting for the basic living rights of people. Whether he succeeds or not, we need leaders who step up and propose game changing ideas about life, liberty, and the pursuit of happiness.