COMPANY SHOULD SELL OFF ASSETS
LIKE KENMOORE.
THAT IS GOOD FOR 5% GAIN FOR
SEARS.
$3 A SHARE.
>>> OUR NEXT GUEST IS A 2020
DEMOCRAT CANDIDATE FOR THE
PRESIDENCY.
HIS IDEA GIVE CITIZENS 18 TO 64,
ALL OF THEM, $1000 EACH FROM THE
GOVERNMENT.
ANDREW YANG WITH US.
HE IS A PRESIDENTIAL CANDIDATE.
WELCOME TO THE PROGRAM.
>> THANK YOU FOR HAVING ME.
IT'S A PLEASURE.
STUART: WAIT A MINUTE, 18 TO 64
EVERYBODY GETS 1000 BUCKS A
MONTH FROM THE TREASURY?
I DON'T KNOW HOW MUCH, I CAN'T
DO THE MATH BUT THAT IS
TRILLIONS OF DOLLARS ISN'T IT.
>> THE HEADLINE COST IS ABOUT
$2 TRILLION WHICH SOUNDS LIKE A
LOT.
STUART: A YEAR.
>> A YEAR.
THE KEEP IN MIND THE SIZE OF OUR
ECONOMY IS 19 TRILLION A YEAR.
IT HAS GROWN BY FOUR TRILLION
LAST 10 YEARS ALONE.
WE CAN EASILY AFFORD $1000 A
MONTH.
STUART: WHERE DOES THE
$2 TRILLION COME FROM?
>> WE SPEND 5 OR $600 BILLION ON
INCOME SUPPORT, DIRECT PAYMENTS
TO CITIZENS AROUND THE COUNTRY.
I WOULD IMPLEMENT A VALUE-ADDED
TAX AT HALF THE EUROPEAN LEVEL,
GIVE US ENOUGH MONEY FOR $1000
PER CITIZEN PER MONTH.
STUART: THE VALUE-ADDED TAX IN
EUROPE IS ROUGHLY 20%.
LET'S BE CLEAR.
THAT IS A SALES TAX.
YOU WOULD IMPLEMENT A 10% SALES
TAX ON EVERYTHING SO WE COULD
GIVE EVERY ADULT A 1000 BUCKS A
MONTH.
THAT IS BASICALLY IT, RIGHT?
>> KEEP IN MIND THE VALUE-ADDED
TAX, HE HAVE DOLLAR GOES INTO
THE HANDS OF AN AMERICAN CONSUME
WHICH WOULD GROW THE ECONOMY
2 1/2 TRILLION DOLLARS PER YEAR.
STUART: YOU THINK.
>> THAT WOULD CREATE 4 MILLION
NEW JOBS.
GIVE $1000 WOULD SPEND IT
THROUGH THE LOCAL ECONOMY AND
MAIN STREET BUSINESSES EVERY
DAY.
STUART: THIS IS UNIVERSAL INCOME
KIND OF DEAL, RIGHT?
>> THAT IS EXACTLY RIGHT.
WE NEED IT BECAUSE TRUCK DRIVING
IS THE MOST COMMON JOB IN 29
STATES RIGHT NOW IN THE U.S. WE
ALL KNOW TRUCKS WILL START
DRIVING THEMSELVES FIVE TO 10
YEARS.
RETAIL IS THE SECOND BIGGEST JOB
CATEGORY IN THE UNITED STATES
AND 30% OF ALL THEM WILL CLOSE.
STUART: YOU'RE BASING A
UNIVERSAL INCOME, $1000 A MONTH
FOR EVERY ADULT ON THE FACT THAT
TRUCK DRIVES WILL BE DRIVEN OUT
OF BUSINESS BY TECHNOLOGY?
AND RETAIL IS BEING DRIVEN OUT
OF BUSINESS BY AMAZON.
OKAY.
WAIT A SECOND.
LET ME ASK BUT THE MORALITY OF
THIS.
>> SURE.
STUART: WHEN I CAME TO AMERICA
MY UNDERSTANDING WAS THAT YOU
WORKED FOR MONEY.
IT WASN'T JUST GIVEN TO YOU.
YOU HAVE TO GET OUT THERE AND
WORK FOR IT.
YOU'RE DOING THE EXACT OPPOSITE.
WHERE IS THE MORALITY OF
HANDOUTS.
>> THE GREAT THING, YOU'VE BEEN
DOING BUSINESS JOURNALISM FOR
DECADES I NEVER SEEN
SHAREHOLDERS GET UPSET WHEN A
COMPANY DECLARES A DIVIDEND.
THIS IS DIVIDEND FOR THE
AMERICAN PEOPLE.
WE'RE THE RICHEST, MOST ADVANCED
SOCIETY IN HISTORY OF MANKIND.
WE CAN EASILY AFFORD $1000 PER
CITIZEN.
STUART: YOU'RE TAKING IT OFF
SOMEBODY TO GIVE TO SOMEBODY
ELSE.
I DON'T GET THE MORALITY, I
REALLY DON'T.
IT IS IMMORAL.
IT IS WRONG!
>> EVEN EARLIER THIS MORNING YOU
TALKED ABOUT HOW VARIOUS
TECHNOLOGY COMPANIES ARE TAKING
IN THE DATA FROM CONSUMERS.
WE'RE ALL PRODUCING IMMENSE
VALUE AS CITIZENS OF THIS
COUNTRY.
THIS IS JUST A RETURN OF THE
VALUE TO US IN SOME MEASURE.
WE'RE THE OWNERS AND
STAKEHOLDERS OF THE SOCIETY.
THE EXACT WAY THE OWNERS AND
STAKEHOLDERS OF A COMPANY
RECEIVE DIVIDEND EVERY QUARTER.
STUART: TOTAL SOCIALISM.
>> SOCIALISM, YOU'RE SMART
ENOUGH TO KNOW THIS --
STUART: THANK YOU.
>> WHEN A COUNTRY NATIONALIZES
THE MEANS OF PRODUCTION.
THIS IS PRO-MARKET, PRO-CONSUMER
STUART: PRO-MARKET?
YOU DON'T HAVE TO WORK YOU PUT
YOUR HAND OUT.
THAT IS NO MARKET.
>> NO AMERICAN WILL QUIT THEIR
JOB ON $1000 A MONTH.
THAT WILL NOT BE ENOUGH TO
SURVIVE MARGINALLY IN ANY
SITUATION.
WHAT THEY WILL DO, TAKE THE
MONEY, START NEW BUSINESSES.
THEY WILL GO BACK TO SCHOOL.
THEY WILL FREQUENT THEIR MAIN
STREET ECONOMY AND ALL GOING TO
BE BETTER OFF FOR IT.
STUART: PARADISE FOR IT?
>> WE HAVE TO START THINKING
BIGGER WHAT DIRECTION WE WANT TO
MOVE IN AS A SOCIETY BECAUSE THE
TRUTH IS, I WAS OUT IN SILICON
VALLEY LAST MONTH.
WE'RE GOING THROUGH THE GREATEST
TECHNOLOGICAL AND ECONOMIC SHIFT
IN HUMAN HISTORY.
WE NEED TO MAKE MUCH BIGGER
MOVES TOWARD AN ECONOMY
SUSTAINABLE LONG TERM FOR ALL
AMERICANS.
STUART: DID YOU TALK TO
ZUCKERBERG, THE FACEBOOK GUY, HE
HAS BEEN TALKING ABOUT THE
UNIVERSAL INCOME, GIVING
EVERYTHING TO EVERYBODY?
>> PEOPLE LIKE ZUCKERBERG AND
ELON MUSK, THEY WORK ON THE
FUTURE.
THEY SEE WHERE WE'RE HEADING.
THAT IS WHAT I WANT, I WANT OUR
ECONOMY TO ACCELERATE OUR
TECHNOLOGY BECAUSE WE'RE LAGGING
BEHIND.
STUART: ANDREW YOU'RE
INTERESTING GUY.
TOTALLY WRONG.
I JUST WONDER HOW MANY PEOPLE
WILL VOTE FOR 10% SALES TAX
ACROSS AMERICA.
>> HOW MANY PEOPLE WILL VOTE FOR
$1000 IN TEAR POCKETS IN THEIR
FAMILY AND EVERYONE IN THEIR
NEIGHBORHOOD.
THAT IS REALLY THE QUESTION?