Subtitles section Play video Print subtitles OUR FIRST HOME. THIS IS THE GENERATION THAT WILL THIS IS THE GENERATION THAT WILL BE ABLE TO SOLVE STUDENT LOAN BE ABLE TO SOLVE STUDENT LOAN DEBT. THIS GENERATION IS READY TO THIS GENERATION IS READY TO LEAD. LEAD. >> Reporter: MR. YANG, YOUR >> Reporter: MR. YANG, YOUR SIGNATURE POLICY IS TO GIVE SIGNATURE POLICY IS TO GIVE EVERY ADULT IN THE UNITED STATES EVERY ADULT IN THE UNITED STATES $1,000 A MONTH, NO QUESTIONS $1,000 A MONTH, NO QUESTIONS ASKED. ASKED. >> THATS RIGHT. >> THATS RIGHT. >> I THINK ITS LIKE 3.2 >> I THINK ITS LIKE 3.2 TRILLION A YEAR. TRILLION A YEAR. HOW WOULD DO YOU THAT? HOW WOULD DO YOU THAT? >> SORRY? >> SORRY? >> HOW WOULD DO YOU THAT? >> OH, SO, ITS DIFFICULT TO DO >> OH, SO, ITS DIFFICULT TO DO IF YOU HAVE COMPANIES LIKE IF YOU HAVE COMPANIES LIKE AMAZON, TRILLION DOLLAR TECH AMAZON, TRILLION DOLLAR TECH COMPANIES PAYING LITERALLY ZERO COMPANIES PAYING LITERALLY ZERO IN TAXES WHILE THEYRE CLOSING 30 PFRS OF OUR STORES.CLOSING 30 PFRS OF OUR STORES. NOW WE NEED TO PUT THE AMERICAN NOW WE NEED TO PUT THE AMERICAN PEOPLE TO BENEFIT FROM THESE PEOPLE TO BENEFIT FROM THESE PARTS OF THE ECONOMY AND IF WE PARTS OF THE ECONOMY AND IF WE HAD A VALUE-ADDED TAX EVEN HALF HAD A VALUE-ADDED TAX EVEN HALF THE EUROPEAN LEVEL IT WOULD GENERATE OVER $800 MILLION IN GENERATE OVER $800 MILLION IN NEW REVENUE, WHICH COMBINED IN NEW REVENUE, WHICH COMBINED IN OUR HAND, IT WOULD BE THE OUR HAND, IT WOULD BE THE TRICKLE UP ECONOMY. TRICKLE UP ECONOMY. WE WOULD SPEND THE MONEY AND IT WE WOULD SPEND THE MONEY AND IT WOULD CIRCULATE THROUGH OUR WOULD CIRCULATE THROUGH OUR NEIGHBORHOODS CREATING MILLIONS NEIGHBORHOODS CREATING MILLIONS OF JOBS, MAKING OUR FAMILIES OF JOBS, MAKING OUR FAMILIES STRONGER AND HEALTHIER. STRONGER AND HEALTHIER. WED SAFE MONEY ON WED SAFE MONEY ON INCARCERATION, HOMELESSNESS INCARCERATION, HOMELESSNESS SERVICES, EMERGENCY ROOM, SERVICES, EMERGENCY ROOM, HEALTHCARE AND THE VALUE GAINS HEALTHCARE AND THE VALUE GAINS FROM HAVING A STRONGER, FROM HAVING A STRONGER, HEALTHIER MENTALLY POPULATION HEALTHIER MENTALLY POPULATION WOULD INCREASE GDP BY SEVERAL WOULD INCREASE GDP BY SEVERAL HUNDRED BILLION DOLLARS. THIS IS A MOVE WE HAVE TO MAKE THIS IS A MOVE WE HAVE TO MAKE AS TECHNOLOGY IS AUTOMATING AS TECHNOLOGY IS AUTOMATING MILLIONS OF JOBS. MILLIONS OF JOBS. PRESIDENT TRUMP IS PRESIDENT PRESIDENT TRUMP IS PRESIDENT BECAUSE WE AUTOMATED JOBS IN MICHIGAN, WISCONSIN, JOBS IN MICHIGAN, WISCONSIN, PENNSYLVANIA AND WISCONSIN. PENNSYLVANIA AND WISCONSIN. WERE ABOUT TO DO THE SAME THING WERE ABOUT TO DO THE SAME THING TO MANY RETAIL JOBS, FAST FOOD TO MANY RETAIL JOBS, FAST FOOD DROBS, TRUCK DRIVING JOBS DROBS, TRUCK DRIVING JOBS THROUGHOUT THE ECONOMY. >> IF I GET TO UNDERSTAND A >> IF I GET TO UNDERSTAND A LITTLE BETTER, YOU ARE SAYING LITTLE BETTER, YOU ARE SAYING $1,000 A MONTH FOR EVERYONE OVER $1,000 A MONTH FOR EVERYONE OVER 18 BUT A VALUE-ADDED TAX SO YOU 18 BUT A VALUE-ADDED TAX SO YOU CAN SPEND THAT THERE ARE 1,000 ON VALUE-ADDED TAX?E ARE 1,000 ON VALUE-ADDED TAX? >> WELL, THE VALUE-ADDED TAX >> WELL, THE VALUE-ADDED TAX WOULD END UP, YOUD STILL BE WOULD END UP, YOUD STILL BE INCREASING THE BUYING POWER OF INCREASING THE BUYING POWER OF THE BOTTOM 94% OF AMERICANS. THE BOTTOM 94% OF AMERICANS. YOU HAVE TO SPEND A LOT OF MO
B1 US NBC tax added wisconsin healthier economy Andrew Yang Explains His Universal Basic Income Plan | NBC News 13 0 王惟惟 posted on 2019/08/10 More Share Save Report Video vocabulary