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Andrew Yang’s NYC universal basic income plan would see MSG, tax exempt landlords pay

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Former Democratic presidential candidate Andrew Yang is making universal basic income a central tenet of his political campaign once again — this time for New York City Mayor.

“It makes us stronger, healthier, more secure, mentally healthier, improves our relationships,” Yang said of the concept of guaranteed income. “55% of Americans are now for cash relief, in perpetuity, and 85% are for cash relief during this pandemic.”

Yang’s proposed income program would extend an average of $2,000 per year to New York City residents living in extreme poverty and would cost $1 billion per year, according to his campaign website.

The mayoral candidate told CNBC’s “The News with Shepard Smith” Monday…



Source cnbc.com

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