Subtitles section Play video Print subtitles NEIL: ALREADY COME A CROWDED FIELD THE NUMBER OF DEMOCRATS WHO HAVE ANNOUNCED THEY ARE GOING TO MAKE THE RUNNING FOR THE WHITE HOUSE. BEFORE WE HAVE THE DOZEN OR SO NOW AND MAYBE A DOZEN OR TWO DOZEN MORE CAN DO DURING A PRESIDENTIAL RUN OF THEIR RUN, THERE WAS THIS GUY, THE 2020 PRESIDENTIAL CANDIDATE, ENTREPRENEUR, SOME SUCCESS IN THE BUSINESS WORLD, WHICH COMES AT A TIME. VERY GOOD TO HAVE YOU. WHY ARE YOU DOING THIS? >> I SPENT THE LAST SEVEN YEARS CREATING SEVERAL THOUSAND JOBS IN NEW ORLEANS AND OTHER IN THEIR I.C.E. ARE THE AFTERMATH OF THE DEVASTATION IN MANUFACTURING JOBS. THE REASON I DONALD TRUMP ONE AND 2016 IS THAT WHICH AUTOMATED 400 MILLION MANUFACTURING JOBS IN MICHIGAN, OHIO, PENNSYLVANIA, WISCONSIN AND NOW MY FRIENDS IN SILICON VALLEY KNOW WERE ABOUT TO DO THE SAME THING TO MILLIONS OF RETAIL JOBS, CALL CENTER JOBS, FAST FOOD JOBS IN TRUCK DRIVING JOBS HERE THAT'S WHY HE DECIDED TO RUN FOR PRESIDENT TO HELP US MANAGE THIS TRANSITION WE ARE IN THE MIDST OF. NEIL: YOUR WEALTH COMES FROM TELLING -- [INAUDIBLE] THAT'S WHERE A LOT OF IT IS. YOU'RE NOT A BILLIONAIRE, BUT YOU'RE UP THERE APPEARS TO MAC THAT'S VERY. DEFINITELY NOT A BILLIONAIRE. I'VE HAD SOME SUCCESS AND CERTAINLY I'VE LOOKED AROUND AND BEING THIS COUNTRY NEEDS PEOPLE LIKE ME TO STEP OUT. NEIL: ALL RIGHT, YOU ARE ADVOCATING AND THIS IS AMONG MANY WHO ARE COMPETING FOR THE DEMOCRATIC NOMINATION FOR THE UNIVERSAL INCOME. THE CHEW EXTENDED TO PRETTY MUCH EVERYBODY. HAVE AT IT. >> THAT'S RIGHT. IF YOU LOOK AT THE HISTORY OF THIS IDEA, DEEPLY AMERICAN. WHERE THOMAS PAINE WAS FOR. MARTIN LUTHER KING WAS FOR IT. MILTON FRIEDMAN, WITH BEATING CONSERVATIVE ECONOMIST. IT PASSED THE HOUSE OF REPRESENTATIVES TWICE UNDER RICHARD NIXON AND IT WAS IMPLEMENTED 11 YEARS LATER IN ONE STAYED WHERE FERGUSON IN $1,002,000 A YEAR. THAT'S A DEEPLY REPUBLICAN STATE PASSED BY REPUBLICAN GOVERNOR WHO ASKED THE ALASKAN PEOPLE WHO WOULD YOU RATHER GET THE OIL MONEY THE GOVERNMENT ARE YOU? NEIL: WHO WOULD FUND THIS? I WOULD YOU PAY FOR THIS? >> IF YOU LOOK AROUND YOU CAN SEE THE HEADLINES AMAZON PAID NO TAXES LAST YEAR DESPITE RECORD PROFITS. WE HAVE TO PUT THE AMERICAN PEOPLE IN POSITION TO START HARVESTING THE GAINS FROM ARTIFICIAL INTELLIGENCE, SELL GERMAN CARS AND TRUCKS AND ADVANCED TECHNOLOGY. AND WITH THAT MONEY WE CAN FUND THE DIVIDEND FOR ALL AMERICANS. NEIL: I KNOW YOU'VE GOT THE ATTENTION AMONG PEOPLE WHO LIKE THAT IDEA, BUT HAVE YOU PAY FOR IT? THAT WOULD BE OVER $2 TRILLION A YEAR. HE WENT THE PRICE TAG COMES DOWN VERY QUICKLY BECAUSE WERE ALREADY SPENDING HUNDREDS OF BILLIONS OF DOLLARS ON 126 AND 15 WELFARE PROGRAMS WHICH SHOULD BE LARGELY CONSOLIDATED. A LOT OF THAT WOULD GET REPLACED BY THE DIVIDENDS BECAUSE PEOPLE WOULD VASTLY PREFER THOUSAND DOLLARS IN CASH AND CONDITIONAL TO THE HODGEPODGE OF BENEFITS OF THE ADMINISTRATION MONITORING THEY CURRENTLY EXPERIENCE. NEIL: BUT TO GUYS LIKE YOU REALLY NEED TO MONEY YOURSELF? >> AT THE RIGHT OF CITIZENSHIP AND THAT MEANS IT'S NOT STIGMATIZE TRANSFER FROM RICH TO POOR. THE GREAT THING IS WE CAN BUILD A TRICKLE UP ECONOMY FROM PEOPLE AND FAMILIES BECAUSE MOST OF US WOULD GO RIGHT BACK INTO THE ECONOMY THROUGH MAIN STREET BUSINESSES AROUND THE COUNTRY. NEIL: RIGHT NOW THERE IS AN ATTITUDE ON THE PREDOMINANT LEFT-WING OF THE PARTY WHICH A LOT OF PEOPLE SAY IS THE PARTY RIGHT NOW, THAT THAT QUESTION AND EVEN GUYS LIKE YOURSELF WHO SUCCEED ON YOUR OWN INTO A GREAT DOG, ALEXANDRIA OCASIO-CORTEZ SORT OF SEEMS TO BE THE SPOKESMAN FOR THAT MOVEMENT HAS SAID THAT EVERY ALIEN THERE IS A POLICY MISTAKE HERE AND WHAT DID YOU MAKE OF IT? >> YOU'VE GOT TO LOOK AT THE BIG PICTURE OR THE THIRD INNING OF THE GREATEST ECONOMIC AND TECHNOLOGICAL TRANSFORMATION IN HISTORY. WILLIAM AYERS OR OF A NATIONAL BYPRODUCT. NEIL: YOU AGREE WITH WHAT THEY'RE SAYING. BILLIONAIRES CREATED A LOT OF JOBS AND A LOT OF OPPORTUNITIES. >> I THINK THERE ARE WAYS THAT WE CAN MORE EFFECTIVELY HAVE THE AMERICAN PEOPLE BENEFIT FROM SOME OF THE HUGE WINNINGS THAT PEOPLE HAVE EXPERIENCED DURING THE ECONOMY. NEIL: THESE GUYS HAVE CREATED A GAZILLION DOLLAR ENTERPRISES ACROSS THE COUNTRY. >> AND I AM IN THE CAMP AS YOU SUGGEST THAT OUR SYSTEM CREATES VERY, VERY WEALTHY PEOPLE WHO HAVE BEEN FORTUNATE, BUT THEY'VE DONE A LOT OF VALUE CREATION. NEIL: WOULD YOU RAISE THEIR TAXES? >> TO BE THE FOCUS ON INCOME TAX IS NOT THE RIGHT WAY TO GO. 20 OF JEFF BEZOS IS AN EXAMPLE. JUST STARTED AMAZON. HE HAS OVER $100 BILLION IN AMAZON STOCK. HASN'T SOLD ANY. SO THERE'S NO TAXABLE EVENT. SO I THINK A WEALTH TAX IS NOT THE RIGHT WAY TO GO. WE HAVE TO JOIN EVERY ADVANCE COMPANY AND HOW A VALUE-ADDED TAX IS MUCH, MUCH HARDER FOR BIG MULTINATIONAL COMPANIES TO WRIGGLE THEIR WAY OUT OF INK IN THEIR WAY OUT OF. NEIL: MANY HAVE SUCH ATTACKS. >> BUT YOU DO SEE THAT THEY WERE ABLE TO HARNESS MORE OF THE BIG WINNERS IN TERMS OF THE CORPORATE COMPANIES THAT ARE GENERATING LOTS OF PROFITS. THEY WERE ABLE TO GET THE TAX REVENUE. NEIL: 10% OF ITALIAN CITIZENS PAY TAXES EVEN THE HIGH VALUE-ADDED TAXATION. THIS IS THE ONLY THING I KNOW IT'S AN ITALIAN-AMERICAN. YOU ARE A GOOD INTENTIONS ARE GOING TO MANUAL STICK AMERICANS WITH A GOOD-SIZED BILL? >> WE ARE TRYING TO CREATE A DIVIDEND FOR ADULTS WHERE EVERY AMERICAN CITIZEN IS THE OWNER AND SHAREHOLDER OF THE RICHEST AND MOST ADVANCED ECONOMY IN THE HISTORY OF THE WORLD. WE CAN EASILY AFFORD $1000 DIVIDEND THAT WILL GO RIGHT BACK INTO THE ECONOMY AND CREATE 2 MILLION JOBS AROUND THE COUNTRY AND GROW THE CONSUMER ECONOMY BY 8% TO 10%. NEIL: YOU ARE TALKING ABOUT THIS CHANCE TO DEAL WITH TRUCKERS AND MANUFACTURING WORKERS. RIGHT NOW WE ARE AT RECORD LOW UNEMPLOYMENT. KEY GROUPS ARE LUCKY NOT THE HIGHEST EMPLOYMENT LEVELS WE HAVE EVER SEEN. SO A LOT OF PEOPLE STEP BACK AND SAY ANDREW IS JUST MISSING THIS BIG PICTURE IS SO TERRIFIC IT WOULD SHOW UP IN THE NUMBERS. >> WELCOME IF YOU LOOK AT OUR LABOR FORCE PARTICIPATION RATE, IT'S STILL AROUND 63%, WHICH IS CLOSE TO A MULTI-DECADE LOW THE SAME AS EL SALVADOR AND THE DOMINICAN REPUBLIC. NEIL: A LOT OF REPUBLICANS WILL COUNTER THAT IF YOU WERE TO COME THE PARTY'S NOMINEE AND THEY'VE BEEN THERE, DONE A LOT BETTER THAN THAT. >> TAKE A LOOK AT THE CURVE AND IT PEAKS AROUND 2009 AT HEARTS CRASHING SHORTLY THEREAFTER. IF YOU LOOK AT STATISTICS, ONE IN FIVE PRIME WORKING AGE AMERICAN MENACE OUT OF THE WORKFORCE RIGHT NOW AND THIS IS YOUR EXPANSION.
B1 US economy tax american people dividend dozen Andrew Yang: A wealth tax is not the way to go 4 0 王惟惟 posted on 2019/04/28 More Share Save Report Video vocabulary