The Economics of Andrew Yang

The video discusses Andrew Yang's candidacy for the 2020 presidential election, focusing on his economic policies. Yang's key proposal is a Universal Basic Income, termed the 'Freedom Dividend', funded by taxes on corporate America. The video explains the potential economic impact of this policy, including the multiplier effect. Yang also proposes political donation reform to counteract corporate lobbying. His policies, though socialist in nature, have gained support from libertarians due to their emphasis on individual freedom.

What is the primary focus of Andrew Yang's candidacy as discussed in the video?

• His foreign policy strategies

• His environmental policies

• His economic policies

• His stance on healthcare

What is the annual amount proposed for the Universal Basic Income under Yang's plan?

• $12,000

• $10,000

• $20,000

• $15,000

How does Yang propose to fund the Universal Basic Income?

• By increasing income tax

• By cutting military spending

• Through a value-added tax and financial transaction levy

• By borrowing from international banks

What economic principle is used to describe the effect of the Freedom Dividend on the economy?

• The trickle-down effect

• The law of diminishing returns

• Supply and demand

• The multiplier effect

What is the purpose of Yang's proposed $100 government account for citizens?

• To fund public infrastructure

• To allow political donations

• To encourage savings

• To support local businesses

Which group has shown unexpected support for Yang's policies?

• Environmentalists

• Libertarians

• Conservatives

• Socialists

What is a key feature of Yang's economic policies that appeals to both socialists and libertarians?

• Increased corporate subsidies

• Mandatory savings plans

• Strict government control over spending

• Freedom for individuals to choose how to spend their income