>> IN SPITE OF THAT, I SOLVED
IT, YES.
>> Tucker: GOOD TO SEE YOU.
>> YOU TOO.
>> Tucker: LAST YEAR, AMAZON
THE COMPANY MADE $11 BILLION IN
PROFIT.
THAT IS ONE-THIRD OF THE GDP OF
THE ENTIRE STATE OF VERMONT.
IT IS A TON OF MONEY.
BUT REMARKABLY, AMAZON DID NOT
PAY A SINGLE DIME OF FEDERAL
INCOME TAX, AND THEY ARE NOT
ALONE.
DOZENS OF POSSIBLE CORPORATIONS
PAY NOTHING IN FEDERAL INCOME
TAXES THIS YEAR.
DELTA AIR LINES, CHEVRON, GM,
MORE.
SOME ARE EVEN GETTING TAX
REBATES THEY CAN APPLY LATER.
IT IS A WEIRD SYSTEM WE HAVE.
OUR TAX CODE IS BROKEN, BUT
ALMOST NO ONE IS SAYING ANYTHING
ABOUT IT FOR A DEMOCRATIC
PRESIDENT A CANDIDATE ANDREW
YANG IS.
HE HAS A PLAN HE SAID WOULD
CHANGE IT.
WE TALKED TO HIM ABOUT HIS PLAN
A LITTLE WHILE AGO.
>> Tucker: SEE YOU MAKE THE
CASE THAT THESE COMPANIES TAKE
AMAZON, BUT IT COULD BE CHEVRON,
GM, BECAUSE TAXPAYERS HAVE IN
PART GIVEN TO THEM AND THEY ARE
GIVING NOTHING IN RETURN.
HOW ARE WE FIXING THIS?
SPEAKER AMAZON IS THE MOST
EGREGIOUS EXAMPLE, THEY ARE
SOAKING UP $20 BILLION IN BUSINS
SOAKING UP $20 BILLION IN BUSINA
SOAKING UP $20 BILLION IN BUSIND
CAUSING 30% OF AMERICANS
MALLS AND STORES TO CLOSE, AND
TAXPAYERS SEE ZERO IN RETURN.
IF YOU LOOK AT WHETHER ADVANCED
ECONOMIES HAVE DONE, THEY FIGURE
THIS OUT.
WE NEED TO HAVE A MECHANISM IN P
WE NEED TO HAVE A MECHANISM IN A
WE NEED TO HAVE A MECHANISM IN E
WE NEED TO HAVE A MECHANISM IN T
WE NEED TO HAVE A MECHANISM IN M
WE NEED TO HAVE A MECHANISM IN Z
WE NEED TO HAVE A MECHANISM IN N
WE NEED TO HAVE A MECHANISM IN I
WE NEED TO HAVE A MECHANISM IN S
WE NEED TO HAVE A MECHANISM IN G
WE NEED TO HAVE A MECHANISM IN I
WE NEED TO HAVE A MECHANISM IN G
TO PAY ITS FAIR SHARE, ALONG
WITH NETFLIX, THE OTHER
COMPANIES THAT ARE PAYING ZERO
IN TAXES.
VALLEY AFTER-TAX, THE AMERICAN
PEOPLE WOULD GET A TINY SLICE OF
EVERY GOOGLE SEARCH, ON AND ON,
VERY TOUGH FOR COMPANIES TO GET
OUT OF AN ADDED TAX SYSTEM.
>> Tucker: WHY DON'T WE HAVE
THAT?
>> GREAT QUESTION.
PEOPLE HAVE ADVOCATED FOR QUITE
SOME TIME, IN MY CAMPAIGN IS
ADVOCATING AND CHAMPIONING IT
RIGHT NOW, WE NEED TO WISE UP
THAT COMPANIES LIKE AMAZON ARE
VERY SMART AND MOVING THEIR
EARNINGS THROUGH PLACES LIKE IRE
EARNINGS THROUGH PLACES LIKE IRA
EARNINGS THROUGH PLACES LIKE IRD
EARNINGS THROUGH PLACES LIKE IR,
EARNINGS THROUGH PLACES LIKE IRS
EARNINGS THROUGH PLACES LIKE IRE
NOTHING OF IT.
MAKE IT IMPOSSIBLE FOR THEM TO
SELL IN OUR SOCIETY WITHOUT
COST.
>> Tucker: THE BANKRUPTCY OF
COUNTLESS AMERICAN BUSINESSES.
THERE IS ALSO THE FACT THEY
BASICALLY SUBSIDIZED THEIR LABOR
COSTS USING OUR SOCIAL SERVICES.
WHAT IS THE COST OF THAT, DO YOU
THINK?
>> IS IN THE BILLIONS OR TENS OF
BILLIONS.
ONE INSTANCE WHERE McDONALD'S
WAS SENDING ITS PEOPLE
INSTRUCTIONS AS TO HOW TO FILE
FOR VARIOUS SOCIAL SERVICES.
YOU ARE RIGHT, SOCIAL PROGRAMS
HAVE BEEN SUBSIDIZING THE
LOW-WAGE PATTERNS MANY OF THESE
EMPLOYERS.
>> Tucker: SO WHY ARE YOU THE
ONLY CANDIDATE WHO IS THINKING
THROUGH WHAT TO DO ABOUT THIS.
NO MATTER?
IS A KIND OF WEIRD?
>> I THINK IT IS WEIRD PAIRED
ALL YOU HAVE TO DO IS LOOK AT
OTHER COUNTRIES, OTHER ADVANCED
ECONOMIES HAVE FIGURED IT OUT,
AND WE ARE THE ONLY ADVANCED
ECONOMY THAT DOES NOT HAVE A
VALUE-ADDED TAX IN PLACE.
WE NEED TO MAKE SURE THE
AMERICAN PEOPLE ARE ACTUALLY
SEEING SOME OF THE GAINS FROM
THE INCREDIBLE INNOVATION AND
VALUE THAT COMPANIES LIKE AMAZON
AND SALESFORCE, NETFLIX, ALL OF
WHOM PAID ZERO IN TAXES LAST
YEAR, OR GETTING AWAY WITH.
AND THEY ARE DOING THEIR JOB,
PAY AS LITTLE IN TAXES AS
POSSIBLE.
WE HAVE TO DO OUR JOB, MAKE SURE
THE AMERICAN PEOPLE SEE OUR FAIR
SHARE.
>> Tucker: JUST TO ARGUE THE
OTHER SIDE FOR A SECOND, THAT
WOULD PRESUMABLY INCREASE THE
COST OF AMERICANS AMEI
COST OF AMERICANS AMEA
COST OF AMERICANS AMEN
COST OF AMERICANS AMEC
COST OF AMERICANS AMEN
COST OF AMERICANS AMEU
COST OF AMERICANS AMEE
COST OF AMERICANS AMES
COST OF AMERICANS AMEO
COST OF AMERICANS AMEF
GOODS?
>> IN SOME WAYS, COMPANIES WILL
FIND COST EFFICIENCY OR EAT PART
OF IT, BUT THAT IS ONE REASON MY
CAMPAIGN WANTS TO TAKE DOWN
MONEY WE ARE GETTING FROM THE
ADDED VALUE TAX AND RETURN IT TO
THE AMERICAN PEOPLE IN THE FORM
OF A DIVIDEND.
THAT IS THE MOST DIRECT WAY WE
CAN HAVE THE AMERICAN PEOPLE
BENEFIT.
THE FEAR IS THAT EVEN IF WE DO
END UP INCREASING THE TAX RATE
ON SOME OF THESE COMPANIES, THE
AMERICAN PEOPLE WON'T BENEFIT
FROM THAT.
>> Tucker: BECAUSE THAT MONEY
WILL BE SWALLOWED BY OUR
POLITICAL MACHINE SOMEHOW?
>> YEAH, IT WILL GO INTO THE
GIANT PIPES OF D.C., NEVER TO BE
SEEN OR HEARD FROM AGAIN.
THE GOAL IS TO MAKE SURE THAT
DOESN'T HAPPEN BY PUTTING THOSE
ECONOMIC RESOURCES DIRECTLY TO
THE AMERICAN PEOPLE.
>> Tucker: WOULDN'T THAT BE
BAD FOR THOSE OF US WHO LIVE IN
THE DISTRICT OF COLUMBIA AND ON
PROPERTY HERE?
WOULDN'T IT BE BETTER FOR US IF
WE COULD HOARD ALL OF THE MONEY?
>> I HAVE A FEELING ALL OF YOU
WOULD BE FINE.
WASHINGTON, D.C., THE HIGHEST
PER CAPITA INCOME IN THE COUNTRY
AT THIS POINT.
I'VE A FEELING THE BOUTIQUE
RESTAURANTS WILL HAVE PLENTY OF
BUSINESS.
>> Tucker: BECAUSE WE ARE
MAKING INNOVATIVE PRODUCTS THE
WARD WANTS TO BUY.
NO, YOU'RE TAKING THE MONEY AND