![]() ![]() Yang wants to allow voting by mobile phone using blockchain security. While Yang believes the tech sector has created a lot of problems, he also thinks it’s uniquely positioned to solve some. ![]() Yang argues that if the tax were set at 10% (or about half the amount Europe charges) it would easily cover his $12,000 annual stipend for every American. for both parties: Republicans look at it as a tax hike, and Democrats believe it’s regressive because poor people’s consumption represents more of their income. The VAT is used by a majority of developed counties, but is considered a non-starter in the U.S. “It’s technology.”Īnd then he turns to his solution, which his campaign calls the Freedom Dividend but Yang informally describes as a “tech check.” To help pay for its estimated cost of about $255 billion per month, he wants to ditch corporate taxes on earnings and instead institute a value-added tax, or VAT, a tax on consumption. “It’s not immigrants causing these problems,” Yang said, in counterpoint to President Donald Trump. Journalism on the decline? Google’s ad network carries a bunch of responsibility for that.Īnd, he argues, there’s worse to come, as automation comes for clerical, call center, retail, food preparation and trucking jobs. Suicide and mental health issues on the rise? That’s Facebook. Retail jobs vaporizing and shopping malls closing? That’s Amazon. Surrounded by stacks of his book The War on Normal People, the former tech entrepreneur quickly launched into his case that the tech sector bears responsibility for many of America’s problems. Yang recently sat down with Bloomberg in a cramped conference room in San Francisco to talk about his ideas. And Yang’s fundraising and poll numbers were strong enough to qualify for nationally televised debates three times. He’s currently beating two senators, former liberal heartthrob Beto O’Rourke and Tom Steyer, the billionaire burning through his own cash while floundering in the polls. ![]() He’s managed to win over the tech industry’s support while making its negative impact on society his central focus, and he’ll be on the debate stage on Thursday night, trying to convince everyone he can fix it.Īn outsider with zero political experience, Yang has outlasted a senator, two governors and three members of the House in the crowded Democratic field. And so far, it’s kind of worked.Įndorsements from big names like Elon Musk, along with many small individual donations from software engineers-among the biggest givers to his campaign-have catapulted him into the middle of the winnowing pack of remaining Democratic candidates. Since he began his unorthodox campaign for the 2020 Democratic nomination, New York entrepreneur Andrew Yang has broken with a lot of traditional advice about campaign proposals, fundraising and public relations. Except this time the product isn’t some new gadget or app, it’s a presidential candidate. ![]()
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