SHANNON.

>> Shannon: TRACE GALLAGHER,

THANK YOU VERY MUCH.

LET'S BRING IN 2020 DEMOCRATIC

PRESIDENTIAL HOPEFUL ANDREW

YANG.

A MAJOR ISSUE IS RUNNING ON IS

THE UNIVERSAL BASIC INCOME.

HE CALLS IT THE FREEDOM

DIVIDEND.

ANDREW, WELCOME TO "FOX

NEWS @ NIGHT."

>> THANK YOU FOR HAVING ME.

>> Shannon: YOU HEARD WHAT

TRACE SAID AND WE HAVE

INFORMATION FROM TECHNOLOGY

REVIEW.COM ON FINLAND'S

UNIVERSAL BACON INCOME TRIAL.

IT SAYS A TRIAL FOR UNEMPLOYED

PEOPLE IN FINLAND WERE GIVEN A

BASIC INCOME FOR TWO YEARS DID

NOT GET THEM INTO WORK BUT IT

MADE THEM HEALTHIER AND HAPPIER.

HOW ARE YOU GOING TO SELL THIS

TO THE AMERICAN PEOPLE?

>> THE FINLAND DATA WAS

PROMISING IN TERMS OF PEOPLE'S

HEALTH AND MENTAL HEALTH.

IN THE EMPLOYMENT BENEFITS, YOU

WOULDN'T EXPECT TO SEE UNLESS

YOU WERE TO HAVE THAT CASH

BENEFITS IF PERMITTED ACROSS A

COMMUNITY FOR CERTAIN PERIOD OF

TIME.

UNDER MY PLAN, THE FREEDOM

DIVIDEND, IF YOU PUT $1,000 A

MONTH IN THE HAND OF EVERY

AMERICAN CONSUMER, A LOT OF THAT

MONEY WOULD GET CIRCULATED TO

THE ECONOMY OVER AND OVER AGAIN

AND IT WOULD CREATE HUNDREDS OF

THOUSANDS OF NEW JOBS.

>> Shannon: YOU KNOW THE

NUMBER ONE QUESTION IS HOW THE

HECK ARE YOU GOING TO PAY FOR?

WHAT ESTIMATE SAID $3 TRILLION

TO $4 TRILLION.

WHAT'S YOUR PLAN?

TAXING OUR WAY TO THE BENEFIT?

TAKING FROM THOSE WHO ARE

WORKING TO GIVE TO EVERYBODY

WHETHER THEY ARE WORKING OR NOT?

>> IF YOU LOOK AT HER THE

BIGGEST WINNERS REMAIN TO BE

FROM ARTIFICIAL INTELLIGENCE AND

NEW TECHNOLOGIES, IS GOING TO BE

AMAZON, GOOGLE, FACEBOOK,

WILBUR, THE BIGGEST TECHNOLOGY

COMPANIES IN OUR COUNTRY AND WE

CAN SEE THAT AMAZON PAID

ZERO IN FEDERAL TAXES LAST YEAR

DESPITE RECORD REVENUES.

IF WE KNOW THAT THE BIG WINNERS

IN THE NEW TECHNOLOGY AGE ARE

GOING TO BE PAYING ZERO TAXES

AND OF COURSE WERE NOT GOING TO

HAVE ENOUGH MONEY TO GO AROUND.

BUT IF WE FOLLOW OTHER COUNTRIES

EXAMPLES AND CREATE A MECHANISM

WHERE WE ALL BENEFIT FROM THESE

INNOVATIONS, THEN WE CAN PAY FOR

A $1,000 DIVIDEND FOR EVERY

AMERICAN ADULT.

OUR ECONOMY IS UP TO

$20 TRILLION.

THE PROBLEM IS THOSE BENEFITS

ARE NOT BEING FILED BY THE

AVERAGE AMERICAN FAMILY.

>> Shannon: YOU ARE VERY

SUCCESSFUL ENTREPRENEUR.

THIS IS A COUNTRY THAT UNIQUE IN

THE WAY THAT CAN HAPPEN.

DO YOU WORRY ABOUT TRILLIONS IN

NEW TAXES, THAT IT'S GOING TO

DISCOURAGE ENTREPRENEURIAL

SPIRIT?

>> WHAT I WORRY ABOUT IS IF YOU

LOOK AT THE RATES OF BUSINESS

FORMATION AND STARTS FOR THE

COUNTRY, MULTI-DECADE LOADS AND

85% OF THE COUNTRY.

IF YOU WANT ENTREPRENEURSHIP TO

FLOURISH, YOU SHOULD BE TRYING

TO PUT BUYING POWER INTO THE

HANDS OF THE AVERAGE AMERICAN

FAMILY AND MAKE IT SO THAT

STARTING A BUSINESS IS MORE

REALISTIC AND FEASIBLE FOR

HUNDREDS AND THOUSANDS OF

AMERICANS AROUND THE COUNTRY

WHICH IS WHAT THE FREEDOM

DIVIDEND WOULD PROVIDE.

>> Shannon: THE PRICE TAG,

THERE ARE A LOT OF QUESTIONS.

WITHOUT IMPACTING LARGE

COMPANIES HAVE TO WORRY ABOUT

TAXES, THEIR STOCKHOLDERS AND

THAT TRANSLATES INTO INVESTORS

AND 401(K)s.

I'M NOT AN ECONOMIST I WANT

CONTENT TO BE ONE, BUT QUESTIONS

NEED TO BE ANSWERED.

SOMETHING ELSE THAT I BELIEVE

THAT YOU SUPPORT, MEDICARE

FRAUD.

WHEN YOU PULL PEOPLE, PEOPLE SAY

IT SOUNDS GREAT.

EVERYBODY SHOULD HAVE HEALTH

INSURANCE COVERAGE BUT THE

KAISER POLL, WHEN YOU ASKED

PEOPLE HOW IT'S GOING TO BE PAID

FOR, THE IMPLICATIONS OF THIS.

A LIMITING PRIVATE HEALTH

INSURANCE, IT IS UPSIDE DOWN BY

NEGATIVE 21 POINTS.

UPSIDE DOWN BY 23 POINTS, MORE

TAXES.

DELAYING TESTS OR TREATMENTS,

THE AXIS PEOPLE WOULD HAVE.

NEGATIVE 44% REACTION.

THEY ARE NOT FOR THAT WHEN THEY

DEAL WITH THE REALITY.

HOW DO YOU SOLVE IT?

>> I HAVE BEEN THE CEO OF A

COMPANY I KNOW THAT HEALTH

INSURANCE RIGHT NOW IS A MAJOR

ANCHOR IN OUR ECONOMY.

IT MAKES IT HARDER TO HIRE NEW

WORKERS.

WHEN YOU DO HIRE SOMEONE, YOU

ARE INCENTIVIZED TO MAKE THEM

TEMPORARY OR CONTRACT AND NOT

GIVE THEM BENEFITS.

IT'S HARDER TO SWITCH JOBS.

IT'S HARDER TO START A BUSINESS.

SO THE FACT THAT AMERICANS ARE

VERY KNOW WE CAN UP TO THE FACT

THAT WE CAN IMPROVE ON OUR

HEALTH CARE SYSTEM, AND THE

NOTION THAT WE CAN'T AFFORD IT

OR THAT EVERYONE'S GOING OUT TO

PAY MORE IN TAXES IS IGNORING

THE FACT THAT WE ARE ALREADY

SPENDING 18% OF GDP ON

HEALTH CARE, TWICE AS MUCH AS

OTHER COUNTRIES, TO WORSE

RESULTS.

THAT'S WHY WE ARE SO FRUSTRATED

BY THE SYSTEM.

IF WE TAKE THE MONEY THAT

COMPANIES ARE ALREADY PLOWING

INTO HEALTH CARE, WE HAVE ENOUGH

MONEY TO BE ABLE TO MAKE

HEALTH CARE MORE ACCESSIBLE TO

MORE AMERICANS AND NOT BREAK THE

BANK.

OR RAISE TAXES ON THE AVERAGE

FAMILY.

>> Shannon: HOW THE WORLD YOU

PAY FOR IT?

THE ESTIMATE ON SENATOR SANDERS

PLAN IS $32 TRILLION.

MONEY DOESN'T GROW ON TREES.

SO MUCH OF THE EQUATION HAS TO

DO WITH HOW THE GOVERNMENT WOULD

COMPENSATE DOCTORS OR HOSPITALS

AND WE KNOW THERE ARE PATIENTS

WHO CAN'T GET IN WITH DOCTORS

BECAUSE THE GOVERNMENT DOES NOT

PAY ENOUGH OF A REIMBURSEMENT

RATE FOR A LOT OF THESE

GOVERNMENT PROGRAMS.

DO YOU WORK ABOUT -- WORRY ABOUT

THE IMPACT ON HEALTH CARE, NOT

JUST --

>> THE NUMBER ONE FRUSTRATION IS

THE EXCESSIVE BUREAUCRACY AND

PAPERWORK.

IF YOU SIMPLIFY THAT PROCESS,

THEN THE REIMBURSEMENTS DON'T

NEED TO BE ASTRONOMICAL IN THE

GROUP TO MAKE A PAYOUT FOR THE

DOCTOR OR THE HEALTH CARE

PROVIDER.

IF WE COULD CLEAN UP OUR

BUREAUCRACY, IT WOULD LIBERATE

MANY DOCTORS TO DO WHAT THEY

WANTED TO DO IN THE FIRST PLACE

WHICH IS ACTUALLY CARE FOR

PATIENTS.

>> Shannon: WELL, I KNOW MANY

ARE CONCERNED THEY'RE NOT GOING

TO GET THE REIMBURSEMENT RATES.

WHETHER LESSENING THE

ADMINISTRATIVE BURDEN COULD

LESSEN THE STAFF.

GREAT TO HAVE THIS CONVERSATION