Presidential candidate Andrew Yang has proposed giving all American adults $1,000 per month — 'no strings attached' — in universal basic income.
2020 Democratic hopeful Andrew Yang, a tech entrepreneur who has proposed giving all American adults $1,000 per month, criticized his political rivals' wealth tax plans as"somewhere between problematic and disaster."
Warren was the first candidate to introduce a proposed wealth tax in January. She called for a 2 percent annual tax on households making between $50 million and $1 billion and a 3 percent tax on households bringing in over $1 billion per year. Sanders released his tax plan earlier this month that would cut the wealth of billionaires in half over 15 years and raise an estimated $4.35 trillion over 10 years. The Vermont senator's plan includes eight different taxes based on net worth for both married couples and single filers, starting at a 1 percent tax on net worth for couples making above $32 million.
Democratic presidential candidate, entrepreneur Andrew Yang speaks during the Democratic Polk County Steak Fry on September 21, 2019 in Des Moines, Iowa. Seventeen presidential candidates attended the Polk County Steak Fry. Yang recently slammed both Elizabeth Warren and Bernie Sanders' tax plans as"somewhere between problematic and disaster.
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