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Andrew Yang wants to tax Silicon Valley to fund universal basic income plan
The 2020 presidential candidate said companies like Amazon should "pay their fair share" as automation begins to displace human workers.
- Andrew Yang is a 2020 Democratic presidential candidate whose key campaign promise is to give every American adult $12,000, regardless of their current income.
- Yang said his universal basic income plan could be funded by a value-added tax levied on tech companies.
- Yang's proposal has no shortage of critics, but he maintains that his UBI program would grow the economy by trillions of dollars.
Andrew Yang, the 44-year-old 2020 Democratic presidential candidate, says the U.S. economy needs to evolve into its next form, noting that automation and technology, such as driverless cars, are expected to displace millions of workers in coming years. To Yang, that new economy includes giving a $1,000 check every month to every American adult.
The lawyer-turned-tech executive outlined his form of a universal basic income program to George Stephanopoulos on ABC's This Week on Sunday.
"We have to solve the problems that got Donald Trump elected in 2016," Yang told ABC News Chief Anchor George Stephanopoulos on This Week Sunday. "And to me the main driver of his victory was that we automated away 4 million manufacturing jobs in Michigan, Ohio, Pennsylvania, Wisconsin, the swing states he needed to win."
Yang, who's earned a relatively small but dedicated base of #YangGang supporters, pointed to the Alaska Permanent Fund as proof that UBI programs can work in the U.S.
"Everyone in the state gets between $1,000 and $2,000 a year from oil money," Yang said. "And because it's oil money, there's no stigma attached, it's not a rich to poor transfer, and it's wildly popular in a conservative state. [...] So what we have to do is we make it a right of citizenship for all Americans and do what they are doing in Alaska with oil money, with technology money for everyone around the country."
Yang said he'd fund his UBI program, dubbed the "Freedom Dividend," with a value-added tax.
"What we have to do is, we have to join every other advanced economy and have a value added tax that would fall on the Amazons of the world, and because our economy is now so vast at $20 trillion, up $5 trillion in the last 12 years, a value added tax at even half the European level would generate over $800 billion in new revenue," Yang told Stephanopoulos.
Haha you all are the best. #yanggang https://t.co/Nvl8CexGpk— Andrew Yang (@Andrew Yang)1554690173.0
What's a value-added tax?
A value-added tax is typically defined as a tax on the amount by which the value of a product has been increased at each stage of the production chain. Here's a simpler explanation from tax expert William Gale taken from an interview he gave to The Atlantic:
"The example I always use is a loaf of bread you buy in a store for a buck — so you have a farmer, a baker, and a supermarket along the production chain. Let's put the VAT at 10 percent.
1) The farmer grows the wheat and sells it to the baker for 20 cents. The VAT is 2 cents. The baker pays the farmer 22 cents, and the farmer sends 2 cents in VAT to the government.
2) The baker makes a loaf and sells it to the supermarket for 60 cents. The VAT is 6 cents. Now the supermarket pays the baker 66 cents, of which 6 is VAT. The baker sends the government 4 cents -- he pays 6 cents in VAT but receives a two cent credit from the government.
3) The store sells the loaf to me for a dollar. I pay $1.10. The store sends the government 4 cents total - the 10 cents it collected in VAT on its sales, minus the 6 cents it paid to the baker in VAT, which it gets back in a credit. In total, the government gets 2 cents from the farmer, 4 cents from baker, 4 cents from the store. That's 10 cents on a final sale of a dollar — for a 10 percent VAT."
Why tax Silicon Valley?
The big winners of new technology are going to be companies like Amazon, not the American people, according to Yang. That's a problem, considering the retail giant paid nothing in federal taxes last year.
"Is it Amazon's fault that they paid zero in taxes?" Yang told MSNBC's Morning Joe in March. "No, it's our fault."
Amazon recently noted that it's set to pay $756 million in state and international taxes this year, and that it "pays all the taxes we are required to pay in the U.S. and every country where we operate."
As companies such as Facebook, Google, Uber, and Amazon benefit from A.I., millions of Americans are expected to lose their jobs. Yang said a third of the country will be at risk of permanent unemployment. Others in the tech industry paint a similarly stark picture, like Taiwanese venture capitalist and A.I. expert Kai-Fu Lee, who in January told CBS News' Scott Pelley that he believes 40 percent of the world's jobs will be replaced by robots that can automate blue-collar and even some white-collar jobs.
"Chauffeurs, truck drivers, anyone who does driving for a living — their jobs will be disrupted more in the 15–25 year time frame," he said. "Many jobs that seem a little bit complex, chef, waiter, a lot of things will become automated."
With these job losses looming over the horizon, Yang thinks Silicon Valley should "pay their fair share," as he told MSNBC.
How a universal basic income would affect Americans
Yang said his program would offer not only a reprieve for displaced workers, but also space for people to pursue more meaningful work.
"If you have a little bit more freedom from scarcity, then you can start making moves towards the sort of work that you want for yourself, that you value, that you find fulfilling and exciting," Yang said in an interview with Ben Shapiro.
Yang argues that removing financial pressure from Americans would allow more people to experiment with entrepreneurism, potentially leading to the creation of companies that create enormous value for the economy.
"You're going to end up creating hundreds of thousands of new entrepreneurs, guaranteed, if you have something like the Freedom Dividend, because there are so many Americans who would love to take a shot," Yang said in an interview with Kmele Foster of The Fifth Column podcast.
"Now, you could argue that, 'Hey, maybe some of these people should not be being entrepreneurs [...]' But you'd wind up with a really significant number of diamonds in the rough, and the way our system works is that a number of diamonds could potentially create so much value that it doesn't really matter what happens with the five people next to them. So, there would be, to me, if anything, an unlocking of human capital that would end up enhancing our system's dynamism."
Of course, Yang's plan has many critics. Some say the math behind the Freedom Dividend doesn't add up; others argue that giving Americans a UBI would make them lazy. It's hard to predict what would happen, but one oft-cited UBI study conducted on the Alaska Permanent Fund offers a clue: The results showed no real impact on full-time employment rates, while part-time employment increased by 17 percent.
"It is reasonable to expect an unconditional cash transfer, such as a universal income, to decrease employment," the authors said. "A key concern with a universal basic income is that it could discourage people from working, but our research shows that the possible reductions in employment seem to be offset by increases in spending that, in turn, increase the demand for more workers."
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Emotional intelligence is a skill sought by many employers. Here's how to raise yours.
- Daniel Goleman's 1995 book Emotional Intelligence catapulted the term into widespread use in the business world.
- One study found that EQ (emotional intelligence) is the top predictor of performance and accounts for 58% of success across all job types.
- EQ has been found to increase annual pay by around $29,000 and be present in 90% of top performers.
Researchers hope the technology will further our understanding of the brain, but lawmakers may not be ready for the ethical challenges.
- Researchers at the Yale School of Medicine successfully restored some functions to pig brains that had been dead for hours.
- They hope the technology will advance our understanding of the brain, potentially developing new treatments for debilitating diseases and disorders.
- The research raises many ethical questions and puts to the test our current understanding of death.
What's dead may never die, it seems<p>The researchers did not hail from House Greyjoy — "What is dead may never die" — but came largely from the Yale School of Medicine. They connected 32 pig brains to a system called Brain<em>Ex</em>. Brain<em>Ex </em>is an artificial perfusion system — that is, a system that takes over the functions normally regulated by the organ. The pigs had been killed four hours earlier at a U.S. Department of Agriculture slaughterhouse; their brains completely removed from the skulls.</p><p>Brain<em>Ex</em> pumped an experiment solution into the brain that essentially mimic blood flow. It brought oxygen and nutrients to the tissues, giving brain cells the resources to begin many normal functions. The cells began consuming and metabolizing sugars. The brains' immune systems kicked in. Neuron samples could carry an electrical signal. Some brain cells even responded to drugs.</p><p>The researchers have managed to keep some brains alive for up to 36 hours, and currently do not know if Brain<em>Ex</em> can have sustained the brains longer. "It is conceivable we are just preventing the inevitable, and the brain won't be able to recover," said Nenad Sestan, Yale neuroscientist and the lead researcher.</p><p>As a control, other brains received either a fake solution or no solution at all. None revived brain activity and deteriorated as normal.</p><p>The researchers hope the technology can enhance our ability to study the brain and its cellular functions. One of the main avenues of such studies would be brain disorders and diseases. This could point the way to developing new of treatments for the likes of brain injuries, Alzheimer's, Huntington's, and neurodegenerative conditions.</p><p>"This is an extraordinary and very promising breakthrough for neuroscience. It immediately offers a much better model for studying the human brain, which is extraordinarily important, given the vast amount of human suffering from diseases of the mind [and] brain," Nita Farahany, the bioethicists at the Duke University School of Law who wrote the study's commentary, told <em><a href="https://www.nationalgeographic.com/science/2019/04/pig-brains-partially-revived-what-it-means-for-medicine-death-ethics/" target="_blank">National Geographic</a>.</em></p>
An ethical gray matter<p>Before anyone gets an <em>Island of Dr. Moreau</em> vibe, it's worth noting that the brains did not approach neural activity anywhere near consciousness.</p><p>The Brain<em>Ex</em> solution contained chemicals that prevented neurons from firing. To be extra cautious, the researchers also monitored the brains for any such activity and were prepared to administer an anesthetic should they have seen signs of consciousness. </p><p>Even so, the research signals a massive debate to come regarding medical ethics and our definition of death. </p><p>Most countries define death, clinically speaking, as the irreversible loss of brain or circulatory function. This definition was already at odds with some folk- and value-centric understandings, but where do we go if it becomes possible to reverse clinical death with artificial perfusion?</p><p>"This is wild," Jonathan Moreno, a bioethicist at the University of Pennsylvania, told <a href="https://www.nytimes.com/2019/04/17/science/brain-dead-pigs.html" target="_blank">the <em>New York Times</em></a>. "If ever there was an issue that merited big public deliberation on the ethics of science and medicine, this is one."</p><p>One possible consequence involves organ donations. Some European countries require emergency responders to use a process that preserves organs when they cannot resuscitate a person. They continue to pump blood throughout the body, but use a "thoracic aortic occlusion balloon" to prevent that blood from reaching the brain.</p><p>The system is already controversial because it raises concerns about what caused the patient's death. But what happens when brain death becomes readily reversible? Stuart Younger, a bioethicist at Case Western Reserve University, <a href="https://www.nature.com/articles/d41586-019-01216-4#ref-CR2" target="_blank">told <em>Nature</em></a> that if Brain<em>Ex</em> were to become widely available, it could shrink the pool of eligible donors.</p><p>"There's a potential conflict here between the interests of potential donors — who might not even be donors — and people who are waiting for organs," he said.</p><p>It will be a while before such experiments go anywhere near human subjects. A more immediate ethical question relates to how such experiments harm animal subjects.</p><p>Ethical review boards evaluate research protocols and can reject any that causes undue pain, suffering, or distress. Since dead animals feel no pain, suffer no trauma, they are typically approved as subjects. But how do such boards make a judgement regarding the suffering of a "cellularly active" brain? <a href="https://bigthink.com/philip-perry/after-death-youre-aware-that-youve-died-scientists-claim" target="_blank">The distress of a partially alive brain</a>? </p><p>The dilemma is unprecedented.</p>
Setting new boundaries<p>Another science fiction story that comes to mind when discussing this story is, of course, <em>Frankenstein</em>. As Farahany told <em>National Geographic</em>: "It is definitely has [sic] a good science-fiction element to it, and it is restoring cellular function where we previously thought impossible. But to have <em>Frankenstein</em>, you need some degree of consciousness, some 'there' there. [The researchers] did not recover any form of consciousness in this study, and it is still unclear if we ever could. But we are one step closer to that possibility."</p><p>She's right. The researchers undertook their research for the betterment of humanity, and we may one day reap some unimaginable medical benefits from it. The ethical questions, however, remain as unsettling as the stories they remind us of.</p>
A 71% wet Mars would have two major land masses and one giant 'Medimartian Sea.'
- Sci-fi visions of Mars have changed over time, in step with humanity's own obsessions.
- Once the source of alien invaders, the Red Planet is now deemed ripe for terraforming.
- Here's an extreme example: Mars with exactly as much surface water as Earth.
Misogynists in space<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU1ODkzMS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYyNDEzMzY4OX0.XEEPJJnp75idUXzutmJ5ZGo35WYKxmVEyIiSwDpMeE4/img.jpg?width=980" id="6c715" class="rm-shortcode" data-rm-shortcode-id="2210c6d8590f7886eb6e4a89bcd6a50e" data-rm-shortcode-name="rebelmouse-image" alt="\u200bMars \u2013 and Martians \u2013 were a staple of 1930s pulp science fiction." />
Mars – and Martians – were a staple of 1930s pulp science fiction.
Image: ScienceBlogs.de - CC BY-SA 2.0<p><em>"Oh, my God, it's a woman," he said in a tone of devastating disgust. </em></p><p><em></em>"Stowaway to Mars" hasn't aged well. First serialised in 1936 as "Planet Plane" and set in the then distant future of 1981, the fourth novel by sci-fi legend John Wyndham (writing as John Benyon) could have been remembered mainly for its charming retro-futurism, if it weren't so blatantly, offhandedly misogynistic. </p><p>Fortunately, each era's sci-fi says more about itself than about the future. That also goes for how we see Mars. 'Classic' Martians, like the ones in H.G. Wells' "War of the Worlds," are creatures from a dying planet, using their superior firepower to invade Earth and escape their doom. That trope reflected 19th- and 20th-century fears about mechanized total warfare, which hung like a sword of Damocles over otherwise increasingly placid lifestyles. </p><p>Closer inspection of the Red Planet has revealed the absence of green men; and now <em>we're </em>the dying planet – pardon my Swedish. So the focus has shifted from interplanetary war to terraforming the fourth rock from the Sun, creating something all those protest signs say we don't have: a Planet B. <span></span></p>
How to keep Mars from killing us<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU1ODkzNC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYzOTgyNTcwNX0.V7I3VFPch0oV8YDx95ZLLZFY7zEcyqSiG5uCAiMu2hg/img.jpg?width=980" id="f092e" class="rm-shortcode" data-rm-shortcode-id="5ca3b60a81a5f003a3e1ef467cf95f1a" data-rm-shortcode-name="rebelmouse-image" alt="Map of the surface of the planet Mars, showing the ice caps at the poles." />
Mars today: red and dusty, dead and deadly.
Image: NASA - public domain.<p>Cue Elon Musk, who doesn't just build Teslas but also heads SpaceX, a program to make humanity an interplanetary species by landing the first humans on Mars by 2024 as the pioneers of a permanent, self-sufficient and growing colony.</p><p><span></span>Such a colony would benefit from an environment that doesn't try to kill you if you take off your space helmet. Martian temperatures average at around -55°C (-70°F), and its atmosphere has just 1 percent the volume of Earth's, in a mix that contains far less oxygen. Changing all that to an ecosystem that's more like our own, would be a herculean task. </p>
From Red Mars to Green Mars<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU1ODk0NC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxNTE0NjA5N30.iloUVThQOBjnkP7HuLefzPlOeIDE8wOlfcXMQ7ZYDMw/img.jpg?width=980" id="f9ad2" class="rm-shortcode" data-rm-shortcode-id="05032082590ebcf98a6830576ae3815e" data-rm-shortcode-name="rebelmouse-image" alt="\u200bBefore and after images of a terraformed Mars" />
Before and after images of a terraformed Mars in the lobby of SpaceX offices in Hawthorne, California.
Image: Steve Jurvetson / Flickr - CC BY 2.0<p>So how would Musk go about it? In August 2019, he launched a t-shirt with the two-word answer: 'Nuke Mars'. The idea would be to heat up and release the carbon dioxide frozen at Mars's poles, creating a much warmer and wetter planet – as Mars may have been about 4 billion years ago – though still not with a breathable atmosphere.</p><p>Alternatives to nuclear explosions: photosynthetic organisms on the ground or giant mirrors in space, either of which could also melt the Martian poles. However, many scientists question the logistics of these plans, and even whether there is enough readily accessible CO2 on Mars to fuel the climate change that Musk (and others) envision. </p><p>Ah, but why stop at the objections of the current scientific consensus? Sometimes, you have to dream ahead to see the place that can't be built yet. In the lobby of SpaceX HQ in Hawthorne, California, Red Mars and Green Mars are shown side by side. The terraformed version on the right looks green and cloudy and blue – Earth-like, or at least habitable-looking.<span></span></p>
Or how about a Blue Mars?<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU1ODk1MS9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYwNTkwNjU4OX0.sdccROyaHpYcw9C8E-4iICzMA_GNXsZXzL1XGcqDink/img.png?width=980" id="1ba6e" class="rm-shortcode" data-rm-shortcode-id="b3325bff53cb4b13cf77bff877961338" data-rm-shortcode-name="rebelmouse-image" alt="wet Mars map" />
A map of Mr Bhattarai's wet Mars, in the Robinson projection.
Image: A.R. Bhattarai, reproduced with kind permission; modified with MaptoGlobe<p>But why stop there? This map looks forward to a Mars that doesn't just have some surface water, but exactly as much as Earth – which means quite a lot. No less than 71 percent of our planet's surface is covered by oceans, seas, and lakes. The dry bits are our continents and islands. </p><p><span></span>In the case of Mars, a 71 percent wet planet leaves the planet's northern hemisphere mainly ocean, with most of the dry land located in the southern half. </p><p><span></span>Most of the dry land is connected via the south pole but is articulated in two distinct land masses. Both semi-continents are separated by a wide bay that corresponds to Argyre Planitia. </p><p><span></span>The one in the west is centered on Tharsis, a vast volcanic tableland. To the north, attached to the main land mass, is Alba Mons, the largest volcano on Mars in terms of area (with a span comparable to that of the continental United States). </p><p><span></span>It's about 6.8 km (22,000 ft) high, which is about one-third of Olympus Mons, a volcano now located on its own island off the northwest coast of Tharsis. At a height of over 21 km (72,000 ft), Olympus Mons is the highest volcano on Mars and the tallest planetary mountain (1) currently known on the solar system. Olympus rises about 20 km (66,000 ft) above the sea level as shown on this map.</p>
A new civilization<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU1ODk1Ni9vcmlnaW4uZ2lmIiwiZXhwaXJlc19hdCI6MTYyMDEwNzQ0Nn0.vKa0nNqKdMTfWYG6behUPPg9giToq3Lx6CsWQ70eqCE/img.gif?width=980" id="7f62c" class="rm-shortcode" data-rm-shortcode-id="bcffffaf301663a42758cf4cb8e11a76" data-rm-shortcode-name="rebelmouse-image" alt="\u200bSpinning globe view of Mr Bhattarai's wet Mars." />
Spinning globe view of Mr Bhattarai's wet Mars.
Image: A.R. Bhattarai, reproduced with kind permission; modified with MaptoGlobe<p>Mars's eastern continent is centered not on a plateau, but on a depression that on today's 'dry' Mars is called Hellas Planitia, one of the largest impact craters in the Solar system. On the 'wet' Mars of this map, the crater is the central and largest part of a sea that is surrounded by land, a Martian version of the Mediterranean Sea. Perhaps one day this Medimartian Sea will be the Mare Nostrum of a new civilization. </p><p>To the northeast of the circular semi-continent is a large island that on 'our' Mars is Elysium Mons, a volcano that is the planet's third-tallest mountain (14.1 km, 46,000 ft).</p><p>The map is the work of Aaditya Raj Bhattarai, a civil engineering student at Tribhuvan University in Kathmandu (Nepal). Talking to <a href="https://www.inverse.com/innovation/mars-with-water-map" target="_blank" rel="dofollow">Inverse</a>, he said he hoped his map could help further the Martian plans of Elon Musk and SpaceX: "This is part of my side project where I calculate the volume of water required to make life on Mars sustainable and the sources required for those water volumes from comets that will come nearby Mars in the next 100 years."<br></p><p><br></p><p><strong></strong><em>Images by Mr Bhattarai reproduced with kind permission. Check out <a href="https://aadityabhattarai.com.np/" target="_blank">his website</a>. </em><em>Planetary projection and spinning globe created via <a href="https://www.maptoglobe.com/" target="_blank">MaptoGlobe</a>.</em></p><p><strong>Strange Maps #1043</strong></p><p><em>Got a strange map? Let me know at </em><a href="mailto:email@example.com">firstname.lastname@example.org</a><em>.</em></p><p>________<br>(1) The tallest mountain in the Solar system, planetary or otherwise, we know of today, is a peak which rises 22.5 km (14 mi) from the center of the Rheasilvia crater on Vesta, a giant asteroid which makes up 9 percent of the entire mass of the asteroid belt. <br></p>
Starting and running a business takes more than a good idea and the desire to not have a boss.
- Anyone can start a business and be an entrepreneur, but the reality is that most businesses will fail. Building something successful from the ground up takes hard work, passion, intelligence, and a network of people who are equally as smart and passionate as you are. It also requires the ability to accept and learn from your failures.
- In this video, entrepreneurs in various industries including 3D printing, fashion, hygiene, capital investments, aerospace, and biotechnology share what they've learned over the years about relationships, setting and attaining goals, growth, and what happens when things don't go according to plan.
- "People who start businesses for the exit, most of them will fail because there's just no true passion behind it," says Miki Agrawal, co-founder of THINX and TUSHY. A key point of Agrawal's advice is that if you can't see yourself in something for 10 years, you shouldn't do it.
After a decade of failed attempts, scientists successfully bounced photons off of a reflector aboard the Lunar Reconnaissance Orbiter, some 240,000 miles from Earth.