Andrew Yang’s Universal Basic Income Plan in New York City would see tax-exempt homeowners pay MSG

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

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

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

The mayoral candidate told CNBC’s “The News with Shepard Smith” Monday night that he would target property tax-exempt owners in New York City, such as Madison Square Garden, to pay a portion of the invoice.

“MSG Tax Exemptions [are] $ 40 million a year alone, “Yang said.” If you look at that money and put it back in the hands of the city, plus invest some level of the city’s resources, we can alleviate extreme poverty here in New York City. ”

Yang also commented on the dramatic rise in hate crimes against Asians in the United States, calling it “a devastating time in the Asian-American community.”

Reports of hate crimes against Asians in the US increased 149% in 2020 from the previous year, according to the Center for the Study of Hate and Extremism. New York City saw an 833% increase in hate crimes against Asians, according to police data.

“We need to designate these incidents as hate crimes, and we need to build connections with the Asian American community because, I hate to say this, many of these incidents are still not being reported,” Yang said. “A lot of Asian Americans don’t have that kind of relationship with law enforcement and city officials, and I’d like to change that.”


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