Andrew Yang: We Need Universal Basic Income to Save the Economy from a Coronavirus Depression

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Andrew Yang: We Need Universal Basic Income to Save the Economy from a Coronavirus Depression
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In an exclusive interview, Andrew Yang says he’s spoken with Democratic leaders about a basic income plan to respond to the new coronavirus pandemic

on Monday afternoon about why a basic income could keep many Americans afloat right now, what type of plan he’d implement if he were president, and whether he plans to run for office again in the future.

And so you have to look up and say, ‘How the heck do you try to keep millions of Americans of families afloat in that situation?’ We already had record levels of financial precariousness before the crisis: Almost half of Americans said they couldn’t afford an unexpected $400 bill, and 78% are living paycheck to paycheck. So what do you do?

If you were president right now, how would you design a coronavirus-specific basic income relief plan? Are there existing models or test cases elsewhere right now for the type of universal basic income you’re calling for?is one data point where it’s been wildly popular for decades.

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