LIKE KENMOORE.

THAT IS GOOD FOR 5% GAIN FOR

SEARS.

$3 A SHARE.

>>> OUR NEXT GUEST IS A 2020

DEMOCRAT CANDIDATE FOR THE

PRESIDENCY.

HIS IDEA GIVE CITIZENS 18 TO 64,

ALL OF THEM, $1000 EACH FROM THE

GOVERNMENT.

ANDREW YANG WITH US.

HE IS A PRESIDENTIAL CANDIDATE.

WELCOME TO THE PROGRAM.

>> THANK YOU FOR HAVING ME.

IT'S A PLEASURE.

STUART: WAIT A MINUTE, 18 TO 64

EVERYBODY GETS 1000 BUCKS A

MONTH FROM THE TREASURY?

I DON'T KNOW HOW MUCH, I CAN'T

DO THE MATH BUT THAT IS

TRILLIONS OF DOLLARS ISN'T IT.

>> THE HEADLINE COST IS ABOUT

$2 TRILLION WHICH SOUNDS LIKE A

LOT.

STUART: A YEAR.

>> A YEAR.

THE KEEP IN MIND THE SIZE OF OUR

ECONOMY IS 19 TRILLION A YEAR.

IT HAS GROWN BY FOUR TRILLION

LAST 10 YEARS ALONE.

WE CAN EASILY AFFORD $1000 A

MONTH.

STUART: WHERE DOES THE

$2 TRILLION COME FROM?

>> WE SPEND 5 OR $600 BILLION ON

INCOME SUPPORT, DIRECT PAYMENTS

TO CITIZENS AROUND THE COUNTRY.

I WOULD IMPLEMENT A VALUE-ADDED

TAX AT HALF THE EUROPEAN LEVEL,

GIVE US ENOUGH MONEY FOR $1000

PER CITIZEN PER MONTH.

STUART: THE VALUE-ADDED TAX IN

EUROPE IS ROUGHLY 20%.

LET'S BE CLEAR.

THAT IS A SALES TAX.

YOU WOULD IMPLEMENT A 10% SALES

TAX ON EVERYTHING SO WE COULD

GIVE EVERY ADULT A 1000 BUCKS A

MONTH.

THAT IS BASICALLY IT, RIGHT?

>> KEEP IN MIND THE VALUE-ADDED

TAX, HE HAVE DOLLAR GOES INTO

THE HANDS OF AN AMERICAN CONSUME

WHICH WOULD GROW THE ECONOMY

2 1/2 TRILLION DOLLARS PER YEAR.

STUART: YOU THINK.

>> THAT WOULD CREATE 4 MILLION

NEW JOBS.

GIVE $1000 WOULD SPEND IT

THROUGH THE LOCAL ECONOMY AND

MAIN STREET BUSINESSES EVERY

DAY.

STUART: THIS IS UNIVERSAL INCOME

KIND OF DEAL, RIGHT?

>> THAT IS EXACTLY RIGHT.

WE NEED IT BECAUSE TRUCK DRIVING

IS THE MOST COMMON JOB IN 29

STATES RIGHT NOW IN THE U.S. WE

ALL KNOW TRUCKS WILL START

DRIVING THEMSELVES FIVE TO 10

YEARS.

RETAIL IS THE SECOND BIGGEST JOB

CATEGORY IN THE UNITED STATES

AND 30% OF ALL THEM WILL CLOSE.

STUART: YOU'RE BASING A

UNIVERSAL INCOME, $1000 A MONTH

FOR EVERY ADULT ON THE FACT THAT

TRUCK DRIVES WILL BE DRIVEN OUT

OF BUSINESS BY TECHNOLOGY?

AND RETAIL IS BEING DRIVEN OUT

OF BUSINESS BY AMAZON.

OKAY.

WAIT A SECOND.

LET ME ASK BUT THE MORALITY OF

THIS.

>> SURE.

STUART: WHEN I CAME TO AMERICA

MY UNDERSTANDING WAS THAT YOU

WORKED FOR MONEY.

IT WASN'T JUST GIVEN TO YOU.

YOU HAVE TO GET OUT THERE AND

WORK FOR IT.

YOU'RE DOING THE EXACT OPPOSITE.

WHERE IS THE MORALITY OF

HANDOUTS.

>> THE GREAT THING, YOU'VE BEEN

DOING BUSINESS JOURNALISM FOR

DECADES I NEVER SEEN

SHAREHOLDERS GET UPSET WHEN A

COMPANY DECLARES A DIVIDEND.

THIS IS DIVIDEND FOR THE

AMERICAN PEOPLE.

WE'RE THE RICHEST, MOST ADVANCED

SOCIETY IN HISTORY OF MANKIND.

WE CAN EASILY AFFORD $1000 PER

CITIZEN.

STUART: YOU'RE TAKING IT OFF

SOMEBODY TO GIVE TO SOMEBODY

ELSE.

I DON'T GET THE MORALITY, I

REALLY DON'T.

IT IS IMMORAL.

IT IS WRONG!

>> EVEN EARLIER THIS MORNING YOU

TALKED ABOUT HOW VARIOUS

TECHNOLOGY COMPANIES ARE TAKING

IN THE DATA FROM CONSUMERS.

WE'RE ALL PRODUCING IMMENSE

VALUE AS CITIZENS OF THIS

COUNTRY.

THIS IS JUST A RETURN OF THE

VALUE TO US IN SOME MEASURE.

WE'RE THE OWNERS AND

STAKEHOLDERS OF THE SOCIETY.

THE EXACT WAY THE OWNERS AND

STAKEHOLDERS OF A COMPANY

RECEIVE DIVIDEND EVERY QUARTER.

STUART: TOTAL SOCIALISM.

>> SOCIALISM, YOU'RE SMART

ENOUGH TO KNOW THIS --

STUART: THANK YOU.

>> WHEN A COUNTRY NATIONALIZES

THE MEANS OF PRODUCTION.

THIS IS PRO-MARKET, PRO-CONSUMER

STUART: PRO-MARKET?

YOU DON'T HAVE TO WORK YOU PUT

YOUR HAND OUT.

THAT IS NO MARKET.

>> NO AMERICAN WILL QUIT THEIR

JOB ON $1000 A MONTH.

THAT WILL NOT BE ENOUGH TO

SURVIVE MARGINALLY IN ANY

SITUATION.

WHAT THEY WILL DO, TAKE THE

MONEY, START NEW BUSINESSES.

THEY WILL GO BACK TO SCHOOL.

THEY WILL FREQUENT THEIR MAIN

STREET ECONOMY AND ALL GOING TO

BE BETTER OFF FOR IT.

STUART: PARADISE FOR IT?

>> WE HAVE TO START THINKING

BIGGER WHAT DIRECTION WE WANT TO

MOVE IN AS A SOCIETY BECAUSE THE

TRUTH IS, I WAS OUT IN SILICON

VALLEY LAST MONTH.

WE'RE GOING THROUGH THE GREATEST

TECHNOLOGICAL AND ECONOMIC SHIFT

IN HUMAN HISTORY.

WE NEED TO MAKE MUCH BIGGER

MOVES TOWARD AN ECONOMY

SUSTAINABLE LONG TERM FOR ALL

AMERICANS.

STUART: DID YOU TALK TO

ZUCKERBERG, THE FACEBOOK GUY, HE

HAS BEEN TALKING ABOUT THE

UNIVERSAL INCOME, GIVING

EVERYTHING TO EVERYBODY?

>> PEOPLE LIKE ZUCKERBERG AND

ELON MUSK, THEY WORK ON THE

FUTURE.

THEY SEE WHERE WE'RE HEADING.

THAT IS WHAT I WANT, I WANT OUR

ECONOMY TO ACCELERATE OUR

TECHNOLOGY BECAUSE WE'RE LAGGING

BEHIND.

STUART: ANDREW YOU'RE

INTERESTING GUY.

TOTALLY WRONG.

I JUST WONDER HOW MANY PEOPLE

WILL VOTE FOR 10% SALES TAX

ACROSS AMERICA.

>> HOW MANY PEOPLE WILL VOTE FOR

$1000 IN TEAR POCKETS IN THEIR

FAMILY AND EVERYONE IN THEIR

NEIGHBORHOOD.

THAT IS REALLY THE QUESTION?