Yang touted the benefits of a 'trickle-up economy' that allows average Americans the ability to reinvest and spend a tiny portion of the profits pulled in by corporations like Amazon and Google.
"If we put a mechanism in place where we get our fair share, a tiny of slice of every Amazon sale, every Google search, every Facebook ad, and eventually every robot truck mile and AI work unit, we can generate hundreds of billions of dollars off the bat," Yang told CNN.
"And that number has a big 'up arrow' attached to it and then when we put this money into Americans' hands where does the money go? It goes right back into the local economy to car repairs and little league sign-ups and daycare expenses—this is a trickle-up economy," Yang added in the CNN segment called"Democrats vs. The Economy.
Yang followed up those comments in an April PBS News Hour segment in which he again targeted Silicon Valley companies such as Apple, Facebook and Google which are replacing humans with AI while simultaneously paying few, if any, taxes. "Right now, the biggest winners from artificial intelligence and new technology, Amazon and the biggest tech companies, are right now paying zero in taxes which is the case with Amazon, so we need to wake up to the challenges of the 21st Century economy and get more buying power in the hands of Americans, but also make sure our biggest companies are not benefiting without paying their fair share." Yang told PBS News Hour in April.
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