Subtitles section Play video Print subtitles CHRIS MATTHEWS IS STANDING BY WITH MR. YANG. WITH MR. YANG. >> I'VE GOT ANDREW YANG HERE. >> I'VE GOT ANDREW YANG HERE. YOU KNOW I HAVE TO TALK TO YOU YOU KNOW I HAVE TO TALK TO YOU ABOUT YOUR CAMPAIGN BECAUSE YOU ABOUT YOUR CAMPAIGN BECAUSE YOU ARE A WONDER. ARE A WONDER. YOU'RE A LONG SHOT, I THINK YOU'RE A LONG SHOT, I THINK THAT'S FAIR TO SAY. THAT'S FAIR TO SAY. >> SURE. >> SURE. >> AND YOU COME FROM OUTSIDE THE >> AND YOU COME FROM OUTSIDE THE POLITICAL WORLD. POLITICAL WORLD. AND YET EVERYBODY LISTENS TO AND YET EVERYBODY LISTENS TO YOU. YOU. SO HERE IS YOUR CHANCE. SO HERE IS YOUR CHANCE. WHAT ARE WE GETTING OUT OF A WHAT ARE WE GETTING OUT OF A THREE-HOUR DEBATE TONIGHT? THREE-HOUR DEBATE TONIGHT? I WAS GOING THROUGH THE TOPICS. I WAS GOING THROUGH THE TOPICS. WHICH THEY DID A GOOD JOB AT WHICH THEY DID A GOOD JOB AT ABC. ABC. HEALTH CARE, THE NUMBER ONE HEALTH CARE, THE NUMBER ONE ISSUE WITH DEMOCRATS. ISSUE WITH DEMOCRATS. GUNS, THE HOTTEST ISSUE RIGHT GUNS, THE HOTTEST ISSUE RIGHT NOW. NOW. IMMIGRATION, IT'S NOT GOING IMMIGRATION, IT'S NOT GOING AWAY. AWAY. AFGHANISTAN, WHICH WAS A VERY AFGHANISTAN, WHICH WAS A VERY HOT TOPIC THIS WEEK. HOT TOPIC THIS WEEK. AND OF COURSE EDUCATION THE AND OF COURSE EDUCATION THE SECOND ISSUE AMONG DEMOCRATIC SECOND ISSUE AMONG DEMOCRATIC ISSUES. ISSUES. SO THEY HIT THAT HOLE PANOPLY OF SO THEY HIT THAT HOLE PANOPLY OF ISSUES TONIGHT. ISSUES TONIGHT. WHAT WOULD A REASONABLE PERSON WHAT WOULD A REASONABLE PERSON SAY THE DEMOCRATIC PARTY IS SAY THE DEMOCRATIC PARTY IS ABOUT RIGHT NOW IF THEY WATCHED ABOUT RIGHT NOW IF THEY WATCHED THE WHOLE THREE HOURS? THE WHOLE THREE HOURS? THAT'S THE BIG QUESTION, BUT THAT'S THE BIG QUESTION, BUT YOU'RE A BIG THINKER. YOU'RE A BIG THINKER. >> IDEALLY, THE DEMOCRATIC PARTY >> IDEALLY, THE DEMOCRATIC PARTY IS ABOUT SOLUTIONS THAT IMPROVE IS ABOUT SOLUTIONS THAT IMPROVE THE LIVES OF WORKING AMERICANS. THE LIVES OF WORKING AMERICANS. AND THE REASON I'M RUNNING FOR AND THE REASON I'M RUNNING FOR PRESIDENT IS THAT RIGHT NOW PRESIDENT IS THAT RIGHT NOW WORKING AMERICANS ARE SEEING WORKING AMERICANS ARE SEEING LESS AND LESS OF THE ECONOMIC LESS AND LESS OF THE ECONOMIC GAINS OF THE 21st CENTURY. GAINS OF THE 21st CENTURY. THE GAINS ARE BEING CAPTURED BY THE GAINS ARE BEING CAPTURED BY A SMALLER AND SMALLER GROUP OF A SMALLER AND SMALLER GROUP OF BOTH COMPANIES AND INDIVIDUALS. BOTH COMPANIES AND INDIVIDUALS. >> IS THAT BECAUSE THE BIG >> IS THAT BECAUSE THE BIG EQUITY OPERATIONS BUY THESE EQUITY OPERATIONS BUY THESE COMPANIES, SOMETIMES THEY CHOP COMPANIES, SOMETIMES THEY CHOP THEM UP. THEM UP. SOMETIMES THEY DO SOME THINGS TO SOMETIMES THEY DO SOME THINGS TO CHANGE THE MANAGEMENT, BUT THEY CHANGE THE MANAGEMENT, BUT THEY SUCK THE WEALTH AWAY FROM THE SUCK THE WEALTH AWAY FROM THE ENTREPRENEUR WHO STARTED IT AND ENTREPRENEUR WHO STARTED IT AND THEY MAKE ZILLIONS OF DOLLARS ON THEY MAKE ZILLIONS OF DOLLARS ON WALL STREET. WALL STREET. IS THAT'S WHAT'S GOING ON THAT'S IS THAT'S WHAT'S GOING ON THAT'S DIFFERENT IN THE LAST 30, 40 DIFFERENT IN THE LAST 30, 40 YEARS? YEARS? EQUITY? EQUITY? SOMETHING IS DIFFERENT. SOMETHING IS DIFFERENT. >> THE FINANCIALIZATION OF A LOT >> THE FINANCIALIZATION OF A LOT OF THESE OPERATIONS IS OF THESE OPERATIONS IS DEFINITELY A HUGE FACTOR, BUT AN DEFINITELY A HUGE FACTOR, BUT AN EVEN BIGGER FACTOR IS THIS EVEN BIGGER FACTOR IS THIS WINNER TAKE ALL ECONOMY WHERE WINNER TAKE ALL ECONOMY WHERE YOU HAVE A TRILLION DOLLAR TECH YOU HAVE A TRILLION DOLLAR TECH COMPANY LIKE AMAZON LITERALLY COMPANY LIKE AMAZON LITERALLY DOESN'T NEED TO MAKE PROFITS IN DOESN'T NEED TO MAKE PROFITS IN A GIVEN QUARTER, PUTTING 30% OF A GIVEN QUARTER, PUTTING 30% OF MAIN STREET STORES AND RETAILERS MAIN STREET STORES AND RETAILERS OUT OF BUSINESS. OUT OF BUSINESS. HOW CAN YOU COMPETE IF YOU'RE HOW CAN YOU COMPETE IF YOU'RE SEAR'S OR SOME MAIN STREET SEAR'S OR SOME MAIN STREET HARDWARE STORE AGAINST AMAZON HARDWARE STORE AGAINST AMAZON THAT CAN UNDERCUT YOU AT EVERY THAT CAN UNDERCUT YOU AT EVERY TURN? TURN? SO AMAZON'S CLOSING 30% OF SO AMAZON'S CLOSING 30% OF AMERICAN STORES AND MALLS AND AMERICAN STORES AND MALLS AND PAYING ZERO TAXES. PAYING ZERO TAXES. >> THEY CAN OPEN UP A BOOKSTORE >> THEY CAN OPEN UP A BOOKSTORE IN BETHESDA, AND I'VE BEEN TOLD IN BETHESDA, AND I'VE BEEN TOLD IT DOESN'T MATTER IF THEY MAKE IT DOESN'T MATTER IF THEY MAKE MONEY OR NOT. MONEY OR NOT. >> IT DOESN'T MATTER. >> IT DOESN'T MATTER. HOW CAN YOU COMPETE AGAINST HOW CAN YOU COMPETE AGAINST THAT? THAT? THAT'S THE WINNER TAKE ALL THAT'S THE WINNER TAKE ALL ECONOMY WE'RE IN THE MIDST OF. ECONOMY WE'RE IN THE MIDST OF. >> HOW DOES A POLITICIAN STOP AN >> HOW DOES A POLITICIAN STOP AN AMAZON WHICH OWNS THE AMAZON WHICH OWNS THE "WASHINGTON POST"? "WASHINGTON POST"? >> SO THIS IS THE FUNDAMENTAL >> SO THIS IS THE FUNDAMENTAL QUESTION. QUESTION. OTHER COMPANIES HAVE FIGURED OUT OTHER COMPANIES HAVE FIGURED OUT YOU CAN'T LET A COMPANY LIKE YOU CAN'T LET A COMPANY LIKE AMAZON BECOME A TRILLION DOLLAR AMAZON BECOME A TRILLION DOLLAR COMPANY AND NOT PAY ITS FAIR COMPANY AND NOT PAY ITS FAIR SHARE OF TAXES. SHARE OF TAXES. MY PLAN IS TO GET OUR FAIR MY PLAN IS TO GET OUR FAIR SHARE. SHARE. >> HOW DO YOU GRAB SALES TAX? >> HOW DO YOU GRAB SALES TAX? >> YOU PASS A ADDED VALUE TAX, >> YOU PASS A ADDED VALUE TAX, THE GOOGLES, THE FACEBOOK, THE THE GOOGLES, THE FACEBOOK, THE UBER, YOU GET US A TINY SLICE OF UBER, YOU GET US A TINY SLICE OF EVERY GOOGLE SEARCH, EVERY EVERY GOOGLE SEARCH, EVERY FACEBOOK ADD. FACEBOOK ADD. >> DOES THAT LEVEL THE PLAYING >> DOES THAT LEVEL THE PLAYING FIELD WITH THE LOCAL GIFT SHOP FIELD WITH THE LOCAL GIFT SHOP THAT'S DEAD ON MAIN STREET? THAT'S DEAD ON MAIN STREET? >> WHAT IT DOES -- >> WHAT IT DOES -- >> GEORGETOWN IS IN TROUBLE. >> GEORGETOWN IS IN TROUBLE. YOU'VE SEEN THESE STOREFRONT YOU'VE SEEN THESE STOREFRONT BUSINESSES ARE IN TROUBLE. BUSINESSES ARE IN TROUBLE. EVERY MOUNTAIN TOWN. EVERY MOUNTAIN TOWN. >> I AGREE. >> I AGREE. >> THEY ALWAYS HAVE THE TOWN AT >> THEY ALWAYS HAVE THE TOWN AT THE HIGHEST ELEVATION. THE HIGHEST ELEVATION. AS YOU DRIVE THROUGH TOWN, THERE AS YOU DRIVE THROUGH TOWN, THERE WAS A GIFT SHOP, A FLOWER SHOP, WAS A GIFT SHOP, A FLOWER SHOP, A BAKERY. A BAKERY. GONE. GONE. >> GONE. >> GONE. >> BECAUSE WALMART AND THOSE >> BECAUSE WALMART AND THOSE COMPANIES CAN SELL LOTS OF THAT COMPANIES CAN SELL LOTS OF THAT STUFF CHEAP. STUFF CHEAP. >> SO WHAT WALMART DID TO MAIN >> SO WHAT WALMART DID TO MAIN STREET STORE, AMAZON IS DOING TO STREET STORE, AMAZON IS DOING TO WALMART. WALMART. SO THAT GIFT SHOP CAN'T COMPETE. SO THAT GIFT SHOP CAN'T COMPETE. SO THE ONLY WAY TO -- SO THE ONLY WAY TO -- >> WHAT CAN YOU AS A POLITICIAN >> WHAT CAN YOU AS A POLITICIAN DO? DO? >> WHAT WE DO IS -- >> WHAT WE DO IS -- >> IF YOU GOT ELECTED PRESIDENT. >> IF YOU GOT ELECTED PRESIDENT. >> WE SUPERCHARGE THE CONSUMER >> WE SUPERCHARGE THE CONSUMER ECONOMY OF THAT RURAL AREA WITH ECONOMY OF THAT RURAL AREA WITH A THOUSAND BUCKS A MONTH FOR A THOUSAND BUCKS A MONTH FOR EVERY INDIVIDUAL. EVERY INDIVIDUAL. AND THEN -- AND THEN -- >> BUT THEY'LL SPEND IT AT >> BUT THEY'LL SPEND IT AT WALMART. WALMART. >> NO. >> NO. THEY'LL SPEND IT ON THEIR MAIN THEY'LL SPEND IT ON THEIR MAIN STREET STORES, ON DAY CARE, ON STREET STORES, ON DAY CARE, ON CAR REPAIRS, ON LITTLE LEAGUE CAR REPAIRS, ON LITTLE LEAGUE SIGNUPS. SIGNUPS. IT WILL ACTUALLY GIVE AMERICANS IT WILL ACTUALLY GIVE AMERICANS A REAL PATH FORWARD AND HELP A REAL PATH FORWARD AND HELP REBALANCE THE WINNER TAKE ALL. REBALANCE THE WINNER TAKE ALL. >> YOU DID A GREAT JOB OF >> YOU DID A GREAT JOB OF SETTING UP THE PROBLEM.
A2 US amazon main street walmart street shop main Andrew Yang: Working Americans Seeing Less Economic Gains Of 21st Century | Hardball | MSNBC 19 1 王惟惟 posted on 2019/09/14 More Share Save Report Video vocabulary