Cuomo presses Yang on policy: Why doesn't that offend capitalism?

  • Published: 13 September 2019
  • 2020 Democratic presidential candidate Andrew Yang explains the logistics behind his "Freedom Dividend" -- a plan to give American families $1,000 per month. #CNN #News

Comments • 3 778

  • Adam Dominguez
    Adam Dominguez  2 days back

    Hey UBI is kinda like abolishing the IRS

    • Puddington
      Puddington  3 days back

      The Freedom Dividend has two purposes. Protecting Americans against automation and creating jobs. He wants to tax automated industries like online shopping, automobiles, electronics and other luxury goods and then give that revenue directly to Americans. This will incentivize local commerce over non-local commerce and thereby create jobs for daycare workers, mechanics, plumbers, waiters, etc. This will also future-proof the economy against job loss to automation. As automation produces more goods and services, so will the revenue from the tax on those goods and services increase and thereby increase the Freedom Dividend for all Americans, which in turn, will keep local commerce booming over time instead of dying off to automation as it is doing now.

      Think of automation as free labor. He wants Americans to profit off of that free labor. Right now, the only people profiting off of automation are the owners like Jeff Bezos, Mark Zuckerberg, Google and Wal-Mart. They continue to pull in record profits each year while eliminating jobs at the same time. If nothing is done, then automation will just out-compete the middle class out of existence.

      • Brad Gudim
        Brad Gudim  4 days back

        An honest man, with answers to problems.

        • Marcus Barbagallo
          Marcus Barbagallo  2 weeks back

          He's got my vote

          • It's me!
            It's me!  2 weeks back

            Wait, MATH was too hard to remember? You can remember Make America Great Again, but not MAKE AMERICA THINK HARDER? Someone needs to retire...

            • Cash Empire
              Cash Empire  2 weeks back

              Man, I am very conservative, but Mr. Yang is pretty darn smart and I like him.

              • Hadden’s Hen
                Hadden’s Hen  2 weeks back

                Thank you for CNN!!!! 🤗 love Andrew Yang!

                • Joris Bonson
                  Joris Bonson  2 weeks back

                  At least someone who does not use bs as answers.

                  • Kay
                    Kay  3 weeks back

                    That grandma Harris needs to back to the nursing house

                    • Dave Choi
                      Dave Choi  3 weeks back


                      • Awoken Minds
                        Awoken Minds  3 weeks back

                        Cuomo says democrat party and that party, referring to the GOP. What party does he belong to?

                        • 여행 유튜버 Rollin Joint

                          He is the ultimate positivity

                          • tisfatty
                            tisfatty  3 weeks back

                            cnn if you want rating invite yang back for a 30 minuets session with cuomo...... people will start believing cnn as not fake news anymore....

                            • S bones
                              S bones  3 weeks back

                              He says it can be "easily" afforded, but why do I hear a lot about how other mathematicians have proven that it would be wrong? Does he have a response to this/does anyone know what's up

                            • Louis Huang
                              Louis Huang  3 weeks back

                              Yang Gang

                              • Habit Allies - I Do Habit And Skill Challenges

                                Looked like Cuomo switched personalities half way through this convo

                                • Windy canovercome
                                  Windy canovercome  3 weeks back

                                  iask how he get the dividen money to people and roga answer Roga Pora8 minutes agoHighlighted reply
                                  Instead of taxing the people or new wealth taxes, his proposal collects taxes on specific sales and services that get distributed back to citizens 18+. Think about a credit card that gives rewards or cash back, or a rebate check. Does that make sense?

                                  • North Universe
                                    North Universe  3 weeks back

                                    Yang has a BA in Economics from Brown and inflation is one of the first things he's thought about. He does not believe inflation is a concern with UBI, and explains why here (timestamped)

                                  • Windy canovercome
                                    Windy canovercome  3 weeks back

                                    are u sure. then some people would say then he the store just gonna raise price for the product thats not good if that is happen because is just remind me of how they raise the check but then products at store get a raise n at the end u end up like before. but i just hopeful they dont do that because people go back and support the store so no need to do that but some does. also if that happens that they raise tax for the product then those who dont get the dividen they have to buy amozed stuff that cost more n that would be nice u guys are making those people struggle they might struggle even more then before because the price go up and they didnt get the dividen. well he needs to get the point of where he dont make already struggle poor evn more struggle and more poor

                                • John Lee
                                  John Lee  4 weeks back

                                  Vote vote vote vote vote vote vote vote vote vote

                                  • Carmine DAuria-Gupta
                                    Carmine DAuria-Gupta  4 weeks back

                                    Capitalism isn’t a person. It can’t be offended

                                    • Khai Lee
                                      Khai Lee  4 weeks back

                                      CNN is so very racist indeed. CNN is surprised to see Yang is doing great. Shut up already Cuomo, you have no credibility to america.

                                      • michael sanducci
                                        michael sanducci  4 weeks back

                                        Amazon is responsible for closing 30% of all stores and malls in the USA? ok sure thing fuckwad

                                        • David Zhang Gaming quickscope king
                                          David Zhang Gaming quickscope king  5 days back

                                          Mike sanducco you are right we need to wake the sheeple up to this mans lies and take to the streets

                                        • North Universe
                                          North Universe  3 weeks back

                                          @michael sanducci while what you say is true, it does not dispute the fact that the wealth has been sucked out of locally owned stores. When someone opened a business during the rise of Amazon, and couldn't compete with them, they failed and went bankrupt. Amazon can invest in communities and create jobs, but the damage has already been done. You can see this in many towns in America, from the mom & pop stores and shopping plazas left vacant, to the hundreds of abandoned malls. All of those stores and malls were inputs to the local economy of the town, via redistributed wealth from jobs.

                                        • michael sanducci
                                          michael sanducci  3 weeks back

                                          North Universe well Amazon is part of a larger circle of the economy and idont doubt that some of that money is directly a result of Amazons impact on the markets. Amazon invests in communities and those people in turn work with or indirectly with Amazon and so they also may purchase from Amazon as well.

                                        • North Universe
                                          North Universe  3 weeks back

                                          Amazon generates over $200 billion in eCommerce. That money would've been spent mostly locally without such competitive prices online.

                                      • L.D. Brite look me up later

                                        If he made his dividend maybe a little bit less and a little bit more realistic making sure that the money does not go to criminal elements in our society then maybe there'd be a tiny chance of Congress actually approving it once he's the president. Alll of you people are being conned, and you re a sellout. it's like your stupidity never ends.

                                        • North Universe
                                          North Universe  3 weeks back

                                          Yang details how bipartisan support for a UBI will make it favorable for both parties in Congress to support here (timestamped)

                                      • L.D. Brite look me up later

                                        He's probably still going to be around for the next few presidential elections in 2024 and in 2028 so what's the rush guys ???Trump is very good at keeping the economy healthy and strong for all of us. what's the rush ? ? ? I think we should be very cautious before we embrace socialism and giving money to the criminal elements of our society. No replies please

                                        • jchoi609
                                          jchoi609  4 weeks back

                                          One of the nicest interviews this year. Respect for both Yang and Cuomo; not often you see such nice friendly discourse. Pretty sure they both agreed on the Castro issue lol.

                                          • Jack Seabloom
                                            Jack Seabloom  4 weeks back

                                            Como is a joke. Pure and so very simple. Fake News

                                            • The Juicy Boy
                                              The Juicy Boy  4 weeks back

                                              I love Yang. Hes different. Hes got a very solid plan and hes a great numbers man

                                              • D. C.
                                                D. C.  4 weeks back

                                                Fredo the cunt

                                                • Jerry Nigro
                                                  Jerry Nigro  4 weeks back

                                                  Fredo you’re such a looser can wait to see someone call you Fredo again you prick

                                                  • Charlie Keiner
                                                    Charlie Keiner  4 weeks back

                                                    Maybe Fredo should have yang work his books lol

                                                    • Jason Clemens
                                                      Jason Clemens  4 weeks back

                                                      Chris " 2:52 Fredo" Cuomo

                                                      • Momera
                                                        Momera  4 weeks back

                                                        How can everybody who listens to Yang not love him? Republican or Democrat, he's such a smart, genuine and lovable guy. I hope he wins

                                                        • David Gainey
                                                          David Gainey  4 weeks back

                                                          I want 3000 not 1000. This plan is a joke do the numbers 3.2 trillion a year. You would have to take amazon time 50 to pay for it.
                                                          Can you imagine the size of the tents in the street in California and the drug parties.

                                                          • North Universe
                                                            North Universe  3 weeks back

                                                            Yang outlines how cities and nonprofits would be incentivized to help homeless citizens collect their Freedom Dividend (timestamped)

                                                        • Organized Opinions
                                                          Organized Opinions  4 weeks back

                                                          I'm not going to lie. I was a bernie bro. I really was but now. I think I want to be part of the Yang Gang.

                                                          • Blackbeard
                                                            Blackbeard  4 weeks back

                                                            Welcome to the #YangGang! Please read this article: “There is No Policy Proposal by Any 2020 Presidential Candidate More Progressive than Andrew Yang’s Freedom Dividend” by Scott Santens.

                                                        • D F
                                                          D F  4 weeks back

                                                          People say his freedom dividend is socialism, it's not, its actually the government helping us to become better capitalists. What's the point of living in a capitalistic country if you're broke. I'll take that money a start a business for me and my family, quadrupling it in profits. Now that is capitalism. 2020 yang gang

                                                          • Vladimir PutinYarbutt
                                                            Vladimir PutinYarbutt  4 weeks back

                                                            Yang gang people need to know that he might be giving $1000 in cash but he'll take a good amount of it back by cutting other welfare system and benefits. Then he'll raise consumption tax so it's like getting $100. Now let's talk about his policy on any other front... *Crickets chirp*

                                                            • North Universe
                                                              North Universe  3 weeks back


                                                            • North Universe
                                                              North Universe  3 weeks back

                                                              For those who don't opt-in to UBI, Yang would increase their benefits as to offset the VAT. (timestamped)

                                                            • Blackbeard
                                                              Blackbeard  4 weeks back

                                                              Value-Added Tax alone is indeed regressive because it falls mostly to the consumers. BUT, in Yang's proposal, not all goods will be subject to the VAT. Basic consumer products such as groceries and clothing will be excluded from the VAT. Now, even if businesses pass the entire VAT of 10% (1/2 of the European level) to their consumers, then one would have to spend more than $120,000 a year ($240,000 for a 2-person household) on taxable goods to be affected negatively by it. So a wealthy person will likely pay more into the system than he or she gets out of it. This will increase the buying power of the bottom 94% of Americans.

                                                              If you want to see your other point about welfare programs addressed, please read this article by Scott Santens, a UBI guru: “There is No Policy Proposal by Any 2020 Presidential Candidate More Progressive than Andrew Yang’s Freedom Dividend”

                                                              Here is a quote from it:

                                                              “This article is meant to be a detailed response to anyone claiming Yang ‘doesn’t care about the poor,’ or that ‘a VAT makes the UBI regressive,’ or that Yang’s plan ‘increases inequality’ and is a ‘neoliberal Trojan horse meant to destroy the safety net.’ None of those claims reflect reality. The reality is that while Yang’s proposal can certainly be improved, if signed into law as proposed, the Freedom Dividend would be the single most progressive policy advance ever signed into law in American history.”

                                                          • Mega ManX
                                                            Mega ManX  4 weeks back

                                                            Fredo said Andrew Yang is too Smaught!!! I thought only Fredo was Smaught!!

                                                            • LoliPoppin
                                                              LoliPoppin  4 weeks back

                                                              So. . .Freedom Dividend = Communism?

                                                              • Blackbeard
                                                                Blackbeard  4 weeks back

                                                                @LoliPoppin Freedom Dividend requires Capitalism to function. It is Capitalism where income doesn't start at zero.

                                                                Communism is, by definition, a revolutionary movement to create a classless, moneyless, and stateless social order built upon shared ownership of production. With Socialism, the core principle is the nationalization of the means of production – i.e. the government seizes Amazon and Google. The Freedom Dividend represents neither of these concepts and actually fits seamlessly into capitalism. It is projected to boost the economy by $2.5 trillion in eight years.

                                                                Really, the Freedom Dividend is necessary for the continuation of capitalism through the wave of automation and worker displacement. Markets need consumers to sell things to. FD is capitalism with a floor that people cannot fall beneath.

                                                              • LoliPoppin
                                                                LoliPoppin  4 weeks back

                                                                He claims it's capitalism but sounds like Communism.

                                                            • Conti Tonight Show
                                                              Conti Tonight Show  4 weeks back

                                                              Kamala's constant "head bobbing" is either one of 2 things.
                                                              A) It is a technique (trick) prosecutors use to influence the jury by suggesting people believe and agree with what she's saying.
                                                              B) Muscle memory from her days with Mayor Willie Brown

                                                              • GoldenArrow
                                                                GoldenArrow  4 weeks back

                                                                Yang can't tell the difference between capitalism and socialism

                                                                • Blackbeard
                                                                  Blackbeard  4 weeks back

                                                                  Universal basic income requires capitalism to function. UBI doesn't work in a socialist system.

                                                                • purefatdude2
                                                                  purefatdude2  4 weeks back

                                                                  UBI can't function in a socialist economy.

                                                                • North Universe
                                                                  North Universe  4 weeks back

                                                                  Yang's UBI is far from socialist and he explains his vision for what he calls Human Centered Capitalism here (timestamped)

                                                              • ChinoBandito
                                                                ChinoBandito  4 weeks back

                                                                Im conservative, but if yang wins the primaries, i would vote for him over trump

                                                                • Blackbeard
                                                                  Blackbeard  4 weeks back

                                                                  If you would like Yang to get the nomination, I highly suggest that you vote for him in your state's Dem primary. Depending on where you live, it may be open. If not, then I'd consider temporarily registering as a Dem just to vote for Yang. It may sound sacrilegious, but we're going against the establishment with Yang and it's going to take everything we can muster. You can always switch back after the primaries with no repercussions. Trump's GOP nomination is almost certain anyway, so why not vote for Yang in the primaries?

                                                                • purefatdude2
                                                                  purefatdude2  4 weeks back

                                                                  vote for yang in primaries so it is a win win situation!

                                                              • FTN PPG
                                                                FTN PPG  4 weeks back

                                                                This mother fucker wants to decriminalize opioids. Holy cow is he a genius. Finally a simple yet effective solution.

                                                                • Matthew Bouche
                                                                  Matthew Bouche  4 weeks back

                                                                  I'm so glad to see Andrew Yang become a front runner. 7 donations so far, and I will continue to support. His message needs to be heard.

                                                                  • Hello K
                                                                    Hello K  4 weeks back

                                                                    This is the first time I've seen a CNN video with a positive like/dislike ratio.

                                                                    • Tyler Tone
                                                                      Tyler Tone  4 weeks back

                                                                      Cuomo always treating Yang with respect is SLOWLY restoring some of that in CNN or at least his show, hope the other hosts will start doing the same

                                                                      • Stanley Hudson
                                                                        Stanley Hudson  4 weeks back

                                                                        🔴 Fredo.... you acknowledged that you're a jackal at the end of the video. Congrats

                                                                        • YeahOkBuddy
                                                                          YeahOkBuddy  4 weeks back

                                                                          Thank you Fredo for giving our boy Yang some speaking time

                                                                          • Vincent Tiw
                                                                            Vincent Tiw  4 weeks back

                                                                            Awesome interview both the host and Yang

                                                                            • chance96able
                                                                              chance96able  4 weeks back

                                                                              Got my vote #YangGang!!!!!!