Why Andrew Yang is running for President


By popular demand, I've put my tweetstorm on my website for easier readability and sharing.

1/ In preparation for Andrew Yang in the the CNN Democratic Debates...

Who is that Asian man standing next to Joe Biden?

 

2/ Andrew Yang built nonprofit Venture for America and ran it for 7 years. Trained entrepreneurs to help create jobs in cities like Detroit, Cleveland, St Louis, Birmingham, New Orleans. Work was given awards by Obama Administration and had documentary made by Netflix.

Andrew Yang Whitehouse

 

3/ Yang discovered there was a deeper problem. Every job he helped create, he realized we lost a thousand. “I saw that we were pouring water into a bathtub that has a giant hole ripped in the bottom.”

Andrew Yang The Claw

 

4/ “We are in the third inning of the greatest economic transformation in the history of the world. Trump won because we automated away 4 million manufacturing jobs in swing states Michigan, Pennsylvania, Ohio, Wisconsin, Missouri, Iowa.”
Andrew Yang Why Trump Won

 

5/ Almost half have left the workforce and almost half of these workers filed for disability. Labor force participation is at 63%. The same level as Ecuador and Costa Rica with almost 1 out of 5 prime working age men out of the workforce.

Andrew Yang Labor Force Participation Rate

 

6/ Suicides, drug overdoses, anxiety, depression, financial insecurity are at record highs 📈. Business formation, labor force participation, interstate migration, marriage, childbirths are at record lows 📉. Life expectancy has declined for the last 3 year 📉.

Andrew Yang Drug Overdose Suicide Rates

 

7/ “Donald Trump is the symptom, not the disease. The disease is economic insecurity caused by a changing economy that is leaving people behind."

Andrew Yang Manufacturing Productivity Increasing but Jobs Decreasing

8/ 5 most common jobs in US: administrative and clerical work, retail and sales, food service and prep, trucking and transportation, and manufacturing. 32% of Americans graduate from college, so a majority of high school graduates has one of these jobs. These jobs are next to go.  

Andrew Yang Jobs At Risk to be Replaced by AI

 

9/ Retail employs 1 in 10 workers, 14.5 million Americans. Average age 39, majority female, $12/hour. 30% of malls are closing in next 4 years due to Amazon and retail jobs are going away.

 

10/ 2.5 million call center workers in the United States making $14 an hour—typically high school graduates. Artificial Intelligence will outperform the average call center worker very soon.

 

11/ Truck driving is most common job in 29 states in America. 3.5 million truck drivers in US and 7.2 million workers who serve those drivers. Self-driving truck technology is rapidly becoming sophisticated enough to replace these drivers.

 

12/ Government-funded retraining programs of displaced manufacturing workers had a success rate of between 0 and 15%. When we suggest retraining, we’re saying the market doesn’t value you anymore and we'll push you towards something the market does value. We need better metrics.

Andrew Yang Truck Drivers

 

13/ By focusing on GDP, we’ve promoted production over all else. Andrewwants to start measuring economic prosperity using human indicators: Quality of life, life expectancy, happiness, well-being, mental health, consumer and student debt, work/civic engagement levels, etc.

Andrew Yang GDP Rising

 

14/ Freedom kickstarts Human-Centered Capitalism. $1k/month to every American adult. Enables all Americans to pay bills, get education, start businesses, stay healthy, relocate for work, spend time w/ children, take care of loved ones, and have a real stake in the future.

Andrew Yang Human Centered Capitalism

 

15/ Putting money into the hands of American consumers would grow economy. Roosevelt Institute projects it would grow by $2.5 trillion and create 4.6 million new jobs. This would generate $800 billion in new revenue from economic growth and activity.

Andrew Yang Freedom Dividend Creates Jobs

 

16/ Freedom Dividend is not a new concept. It has been proposed by Thomas Paine at the founding of the country. Martin Luther King Jr was for it. Nobel prize-winning economist, Milton Friedman, supported it.

Andrew Yang Martin Luther King Freedom Dividend

 

17/ Alaska has had the Freedom Dividend for 37 years where everyone gets $1k-$2k/year from oil. Technology is the oil of the 21st century. We can tax companies that are benefiting most from automation - every Amazon transaction, every Google search, every robot truck mile.

Andrew Yang Alaska Oil Dividend

 

18/ Amazon's sucking up $20 billion in business every year and pays $0 in taxes. Big companies and rich people are excellent at moving things around to avoid taxes – Amazon, Google, and other companies funnel hundreds of billions in earnings overseas.

Andrew Yang Amazon Profits vs Tax

 

19/ A Value-Added Tax (VAT) is a tax on the production of goods or services a business produces. It is a fair tax and it makes it much harder for large corporations, who are experts at hiding profits and income, to avoid paying their fair share.

Andrew Yang MATH rally

 

20/ To pay for the Freedom Dividend we’ll implement a Value-Added Tax at 10%, half the European level. VAT will become increasingly important to capture the value generated by automation in a way that income taxes would not. Staples would be excluded; luxury goods, a higher rate.

Andrew Yang Europe VAT rates

 

21/ The Freedom Dividend would not cause inflation. In monetary economics, inflation is based on changes in the supply of money. This plan has minimal changes in the supply of money because it is funded by a Value-Added Tax.

Andrew Yang Freedom Dividend No Inflation

 

22/ In studies where cash is given to the poor, there has been no increase in drug and alcohol use. Decision-making has been shown to improve when people have greater economic security. Giving people resources will enable them to make better decisions to improve their situation.

Andrew Yang Freedom Dividend No Increase in Drug or Alcohol

 

23/ Research on cash transfer programs have found that the only people who work fewer hours when given direct cash transfers are new mothers. $12,000 a years is barely enough to live on. To get ahead meaningfully, people will still need to get out there and work.

Andrew Yang Freedom Dividend People Will Not Work Less

 

24/ By giving to everyone, the stigma for accepting cash transfers from government disappears. Additionally, it removes the incentive for anyone to remain in certain income brackets to receive benefits. A wealthy person will pay more into the system than he/she gets out of it.

Andrew Yang Freedom Dividend Giving to Everyone Removes Stigma

 

25/ “In an ideal world, we wouldn’t fear automation. It should be something we celebrate, as new technology makes our lives easier. We’re each shareholders in the richest country in the history of the world. Since everyone contributes, everyone should receive the dividend.”

Andrew Yang Freedom Dividend Giving To Everyone Removes Stigma

 

26/ "I'm not running for President because I've fantasized about ever being President. I'm running for President because I'm an American and a Parent. I can see the country we will leave to our children, it is not something I'm willing to accept."-@AndrewYang #Yang2020 #YangGang

I love #YangGang. I’ve looked everywhere for the pink vaporwave hat I’d proudly wear in public. It didn’t exist. So I created one for myself. I produced 200 for fellow Yang Gangers who share my feelings. Together, let’s raise $5,000 for Yang2020! When you buy a hat, you donate $25 to the campaign. If you don't want to contribute, get $25 off by using the coupon code: MATH. And of course, crypto  accepted!  Buy a hat here here.


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