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@AndrewYang on why AI growth won’t reach most Americans without UBI:
"AI is going to increase GDP and economic output very substantially. And right now GDP's at 84,000 a head. It's gonna pass 90 and then 100,000 a head, and then keep on going."
"The problem is that most Americans are not going to feel that in their own lives. They might see a number on a TV screen somewhere, but the money isn't gonna flow to them."
"I was saying $1,000 a month in 2020. Now that would be 1,250 a month, adjusted for inflation."
"That would be a game changer to millions of Americans. 1,250 a month would get the boot off their throat. And do I think that's enough? Do I think we should be doing more? I do. But I'd love to have that as a foundation or a floor."
"Right now we're in a bit of a bind where the work is going to be done by machines, and machines aren't gonna pay taxes, and then humans are gonna lose their jobs. And when we work, we do pay taxes."
"You're going to be in the worst of all worlds where the value is going someplace else. We're not gonna see taxable revenue, and then the tax base is going to shrink."
@Fwd_Party