Yang is running on a universal basic income that proposes giving each adult over 18 a monthly benefit totaling $12,000-a-year. The proposal would cost $1.8 trillion and be paid for with a value-added tax on Amazon transactions, Google searches and robot truck miles.
“There is a lot of data on this and what happens is people mental health improves, stress goes down, relationships improve, their physical health even improves over time,” the 44-year-old entrepreneur and former Obama administration official told “America’s Newsroom.”
Yang said “we’re already seeing this even on a very, very small scale” with a family he is supporting in New Hampshire.
He said the New Hampshire family that is getting $1,000 a month from him is using the money to pay their daughter’s college tuition.
The giveaway began on Jan. 1 and Yang said he wants to extend it to Iowa, another state that plays a key role during the early presidential primaries.
“What’s fun about his is that when people actually get a thousand bucks a month you see they do very positive things,” he said.
“GDP is like a highly flawed indicator of how we’re doing,” he responded. “The GDP is at a record high, meanwhile our life expectancy has declined for three straight years because of an increase in drug overdoses and suicides.”