Taylor Swift for President with Andrew Yang

Freedom Dividend

Andrew Yang's concept of the Freedom Dividend is a form of universal basic income (UBI) that proposes giving every American $1,000 a month to meet basic needs. He argues that this approach would stimulate the economy by increasing consumer spending and reducing costs associated with poverty, such as homelessness and incarceration 1. Yang points out that during the COVID-19 pandemic, similar financial support was provided, which increased public support for UBI 1.

If you look at the polling right now, two thirds of Americans want something like the freedom dividend I ran on.

--- Andrew Yang

Despite the initial skepticism, Yang believes that the Freedom Dividend could be a viable solution to economic challenges 2.

   

Child Tax Credit

The enhanced child tax credit, which provided families with $300 per child monthly, had a significant impact on reducing poverty and improving family well-being. Andrew Yang highlights that this initiative led to immediate improvements in nutrition, mental health, and education outcomes 3. However, the program was discontinued in 2022, despite its success and support from economists and social scientists 3.

We brought two, 3 million American kids out of poverty, and I felt like I might have had something to do with it.

--- Andrew Yang

Yang expresses frustration over the political decision to end the program, emphasizing the need for continued support to alleviate poverty 4.