Voices from the road, on cspan. 2020 democrats are mccright president ial Campaign Andrew yang was in nashua New Hampshire. He talked about his campaign flap warm, including his a 1000 monthly universal basic income program. [applause] [inaudible] come on up. Good afternoon everyone. We are going to open those doors up so, hopefully people out there can hear what is going to happen. Welcome, everyone to this first in the 2020 gateway to the election president ial campaign series. Presented through a Collaborative Partnership between the Greater Nashua Chamber of commerce, riviera universitys president circle and the telegraph. I am traci hall, president and ceo of the Greater Nashua Chamber of commerce. It is a pleasure to welcome all of ours in his, civic and our business civic and , Community Members to todays event. We appreciate your support and applaud you for educating ourselves about the important choices we will all make on for for february 11th. Our goal is to bring president ial candidates to nashua, to get a better sense of their stance on Business Community topics, and to prepare you to cast your most informed vote on primary day. As we begin our program, i would like to ask that you check that your cell phones are in silent mode so they do not go off. I want to recognize a few people, former elected officials who are with us. The former nashua mayor, thank you for joining us. This is the challenge i will , miss someone, state representative and newly elected member of the board of alderman skip cleaver is here. There is skip. [applause] those are the only elected officials i saw walkin. If i missed you, brandon laws, our alderman. [applause] thank you. I would also like to think our corporate sponsor, fidelity investments. Fidelity is a strong and active member of our chamber and of the greater nashua community, providing funding and feet on the street to help dozens of agencies across the region each year. Our city is fortunate to have institutions of equality and history of our gateway to the election partners. Riviera university has seen great growth under the exam exuma under the exemplary leadership of sister paula marie bewley, and is blessed with dedicated men and women who share their time and talents through the president s circle counsel. The telegraph helps ensure our citizenry is engaged and educated through their coverage of the greater nashua region. I want to thank the publisher of the telegraph and the telegraph editor for what they have done to put the series together. We are grateful to jennifer mccormick, director of the nashua public library, my favorite place in the city, for hosting us here at the library. Im sorry we cannot sneak a few more people in here without venturing the wrath of the fire marshall. A few words on the format. Following mr. Youngs remarks i will present a series of questions, and then take questions from the audience. We look for to an informative conversation today and to your courtesy and respect as we go through the program. A brief introduction. You probably all know this, but just to be on the record, andrew yang is an american entrepreneur, philanthropist, author and lawyer. He is the founder of venture for america, a Nonprofit Organization that focuses on creating jobs in struggling american cities. In 2012, the Obama Administration selected him as a champion of change. In 2015, as a president ial ambassador for global entrepreneurship. In late 2017, mr. Yang announced his run for the presidency under the slogan, make america think harder math, which i loved. Along with his proposal of universal basic income, a supplemental income offer to american adults, to prepare them for the economic challenges incurred by Artificial Intelligence and automation in the job market. Mr. Yang is a 1996 graduate of brown university, where he earned a degree in political science. And a 1999 graduate of club at University School of law. He and his wife evelyn have two sons and live in new york city. I would like to invite mr. Yang to the podium to learn more about what he has for us. [applause] mr. Yang thank you, New Hampshire voice amplification. Be back here in New Hampshire. You missed the most important thing i graduated from phillips , Exeter Academy in 1992. [applause] that is pretty tepid applause. Its ok. I was invited to speak back at pea a few months ago and i said this is my first time back since i graduated because i do not enjoy myself here. In the student body erected in applause. [laughter] erupted inent body applause. I felt really bad. That was not the reaction i was going for. After i graduated from exeter, i went to brown and then columbia. Then i became an unhappy lawyer in new york city for five months. I left the firm to try to start a business. How many of you have started a business or organization or club . If you have your hand up, you know two things. Number one, it is harder than anyone lets on. Number two, when someone ask you how it is going . What do you say . Great. Everything is always going great . My business went great until it failed. My parents told people i was still a lawyer because was easier. I worked at one organization and then another and became the head , of an Education Company that was bought by another bigger company. 2009 was a decade ago and i cannot believe its been 10 years. That was a tough time in much of the country. How many of you are here in New Hampshire 10 years ago . And how was that time in 2009 in nashua . You are laughing. Were you the mayor then . [laughter] i want to commend elected officials and former elected officials. Because here New Hampshire, it is a labor of love. Youre certainly not doing it for the glory. I tell people to run for local office, i believe is harder than running for president , because people know where you live. [laughter] so, the financial crisis 10 years ago wracked many of our communities. I saw this unfold, and i thought i had some insight as to why the economy had collapsed. It was because so many of the wannabe whiz kids who are gone to exeter and brown gone to wall street and created derivatives and mortgagebacked securities and these exotic financial instruments. I thought that is a disaster, a train wreck, if that is where our energies are going. So i imagined what i would want our energies go toward instead. The vision i came up with was to head to a city like detroit or cleveland or birmingham or providence, and help grow a company to create jobs. So i started a nonprofit called venture for america. I started calling wealthy friends asking them this question. Do you love america . The smart among them said, what does it mean if i say yes, andrew . And i said, at least 10,000. So i raised a couple hundred thousand dollars which grew to millions and created jobs in many cities. I was honored by the administration multiple times and got to meet my wife to be the president. So my inlaws were excited about me that week. I started having the sinking feeling that for any job my organization was helping create, many communities were losing dozens or hundreds of jobs. I started to feel like might my work was pouring water into a bathtub that had a giant hole ripped in the bottom. I was still surprised when donald trump became our resident in 2016. How did you all react when he won . Disbelief . Stated, flag, it was a giant red that tens of millions of our americans decided to take a bet on the narcissist reality tv star. Even if you are devastated or cried, we all have family or friends or neighbors who were very excited about his victory. I started to dig into why i thought he won. If you turn on cable news today, why would you think donald trump is our president . Facebook. Racism. Russia. Hillary clinton perhaps. Emails. Someone shouted out, the economy. Mr. Yang that is closer to the truth. When i dug into the numbers, we have automated away 4 million jobs. Where were those jobs . Ohio, michigan, pennsylvania, wisconsin, iowa. All of the swing states that donald trump needed to win and did win. If you go through the voter district data, you see there is a Straight Line up between the adoption of Industrial Automation and voting district and a Movement Toward trump. This happened in New Hampshire, but it happened earlier. You lost over 12,000 manufacturing jobs in the northern part of the state. When you go to those towns, you see that many of those towns have never recovered. After the factory or the plant closed, and the shopping district closed, and the population shrank. When i was in detroit, cleveland and st. Louis, you saw a lot of the same things. We are in the midst of the greatest Economic Transformation in the history of our country. Because what happened to the manufacturing jobs is not stopping there. It is now heading to retail, call centers, fast food, truck driving, and on and on through the economy. How many of you have noticed Stores Closing here in New Hampshire . Why are the Stores Closing . Amazon, thats right, one word answer. Amazon is soaking up 20 billion in business every year. And how much is amazon paying in taxes . Zero. Out and zero back. 20 billion the most common job in the economy is retail clerk. The average retail clerk is that 39yearold woman making 10 per hour. How many of you have seen a selfserve kiosk in a fast food restaurant, like mcdonalds . Every location in the country, starting with the front of the house and there want to move to the back of the house. When you call the Customer Service line of a big company and get a bot or software, im sure you do what i do which is to pound 0, 0 and say human, human until you get a person on the line . The software is terrible. But in two or three years, the software is going to sound like this, hello andrew, what can i do for you . What is that going to do for the 2. 5 million americans working in call centers now . How many of you know truck driver here New Hampshire . It is the most common job in 29 states. My friends in california are working on trucks that can drive themselves. They say they are 98 of the way there. A selfdriving truck just took 20 tons of butter from california to pennsylvania two weeks ago, totally autonomous. Why butter . I have no idea. But you can look that up and say robot, butter, truck, and it will pop up. What does this mean for the americans who drive a truck for living or the 7 million americans who work in truck stops, motels and diners that rely on truckers getting out and having a meal every day . Despair. These are the forces tearing our country apart. Many americans feel himself getting left behind and pushed to the sideline. Corporate profits are record highs today and record highs the United States america. Stress, financial insecurity. How many of you are College Students . Student loan debt at record highs, not normal. Even suicides and drug overdoses. And unfortunately new , hampshires one of the epicenters of the Opioid Epidemic in the country. Eight americans are dying every hour in this country now. These are things people are experiencing on the ground and it is only going to accelerate Artificial Intelligence leaves the lab and starts hitting the economy in earnest. This is not just a bluecollar problem. Artificial intelligence will be able to do the work of bookkeepers, accountants, radiologists, even attorneys. Right now software can edit a contract more quickly and errorfree and certainly and inexpensively than the most experienced human lawyer. We are in the midst of this Economic Transformation. And for whatever reason, we are scapegoating immigrants, for things that immigrants have next to nothing to do with. My first move was still not to run for president. Because im not a crazy person. I went to washington, d. C. , and sat down with our leaders and said what are we going to do to help our people manage this transition . And what you thing the folks d. C. Said to me when i said what are we going to do . We dont know. Nothing. The three answers i got most frequently were number one, andrew we cannot talk about , this. Someone suggested americans would not understand it anyway. Number two, we should study this further. Number three, we must educate and retrain all americans for the jobs of the future, which sounds very responsible. But i said look, i checked the studies. You want to guess how effective retraining programs were for manufacturing workers who lost their jobs . Zero to 15 success rate. A total dud. When i said this to the people in washington, d. C. , they said they will get better at it. The truth is that the folks in d. C. Will do well whether we do well or not. The Feedback Mechanism is broken. One person in washington, d. C. , leveled with me and said some thing that brought me here to you all. He said andrew, you are in the wrong town. No one here will do anything about this because washington, d. C. Is fundamentally a town of followers and not leaders. The only way we will do some about this if you are to create a wave and bring that wave crashing down on our heads. That was over two years ago. I said i accept that challenge and i will be back with the wave. I stand before you today and im fifth in the polls to be the nominee of the democratic party. [applause] we raised 10 million last quarter in increments of only 30 each. Zero corporate pac money, all people powered. All grassroots. We will do better than that in this quarter. We are growing while other campaigns are shrinking because we are solving the actual problems that got donald trump elected. And we have Real Solutions that would help move the country forward. What are the solutions . If youre here today, and i appreciate you braving the elements and saying im going to go see andrew yang, even though it is yucky out. I grew up in New Hampshire too. If you are here today, at some point, you heard, this guy wants to give every american 1000 per month. Remember the first time you heard that . And the first time you heard that, you are like ha ha, that is a gimmick, too good to be true, that will never happen. But this is not my idea, and it is not a new idea. Thomas paine was sort of the founding of the country and called the citizens dividend. Martin luther king fought for in the 1960s and called at the guaranteed income for all americans and it is what he was fighting for what he was assassinated in 1968. I had the privilege of sitting with Martin Luther king the third in atlanta, who said this is what my father was fighting for, when he was killed. Thousand economists endorsed it in the 1960s. It passed the u. S. House of representatives twice under richard nixon, it was called the family assistance plan and to set an income floor for all americans. 11 years later one state has to passed a dividend where everyone in that state gets 2000 per yearnd no questions asked. , what state is that . Alaska. And how they pay for it . Oil. And what is the oil that when he First Century . Technology, software, ai, selfdriving cars and trucks. How many of you got your data check in the mail . We laugh, but where the data checks go . Facebook, amazon, google, the mega Tech Companies that are paying zero or near zero in taxes. That is a game, New Hampshire. Our communities are getting sucked dry and depleted and we are looking around wondering where the value went. And the biggest winners in that the 21st century economy are paying zero in taxes. What we have to do is get our fair share, your fair share, make sure amazon, this trillion Dollar Tech Company actually is , paying taxes. Equally important, we have to put that value into our hands come into your hands, the hands of the American People. Build a trickle up economy from our people, our families and our communities up. If we put this thousand hours per month into your hands, thousand dollars where will the money go in real life . Im going to guess a lot of it will stay right here in nashua or New Hampshire. It would be good for the chamber of commerce. If you run a business here, you think maybe people will be patronizing my business more the money would go into car repairs you have been putting off, daycare expenses, Little League signups, local nonprofits, religious organizations. It would create a sustainable path for rural parts of the state that right now are struggling to find it. It would make our people stronger, healthier, mentally healthier, less stressed out. For the students laboring under tens of thousands of dollars in student loan debt, it would help to clear that debt. Though i want to do more to clear that debt independent of giving you per month. Because this is out of control and it is immoral the way it was generated. This per month would help manage 1000 the greatest transmission our countrys history. I am friends with some of the leading technologists in the country and they tell me hey, andrew, ive seen what is in the lab. And everything will be fine. More someone knows, the more concerned they are. The folks in washington, d. C. , are decades behind the curve, on technology in particular. They got rid of the office of Technology Assessment in 1995. Congress has literally had zero input on Technology Issues for 24 years, aside from the Tech Companies themselves. And you can guess what the Tech Companies have been telling them. So these are the changes we have to make to rewrite the rules of the 21st century economy to work for us. To work for you. If you are a young person and feel like is not working for you, you are right. It is not working for you. If you born in the 1940s in the United States of america, there was a 93 chance you would do better than your parents. That is the american dream. It drew my parents here. If youre born in the 1990s, youre down to a 5050 shot and the number is declining quick. Thats why young people feel we have left an economy that does not work for you in a mess, in addition to climate change. And we have. If you are a young person and you feel distressed or angry about it, i get it. We have to do better for you. We have to start measuring how our economy is doing based on how you all are doing, to see how it is working. Again, corporate profits at record highs while our Life Expectancy is declining, which is more important . Yes, i agree. If you think about how we are measuring the value that we are producing, my wife is at home with our two young boys, one of whom is autistic. What is her work included at in our economic measures . Zero. And we know that is nonsense. We know the work shes doing is among the most challenging and important work that anyone does. It is not just her work. The things we value most are progressively getting zeroed out in american life. Parenting, yes, nurturing, caregiving, volunteering, mentoring, coaching. Increasingly, arts. Increasingly, journalism. And our market is going to systematically undervalue the work done by women and underrepresented minorities in particular. We all know that women do more of the unrecognized and uncompensated work in our society every single day. So by properly measuring our progress, we can see the depth of the problems and start working to improve upon them. So if gdp is this phantom measurement that has less and less relationship with how we are doing, and even its inventor said hundred years ago this is a terrible measure of National Wellbeing and we should never use it as that, what would a measurement that actually measures how you and your family are doing look like . What would that measurement be . Contributions . How about Mental Health and freedom from Substance Abuse . How about health and Life Expectancy . Ability to retire with dignity . Clean air and clean water . We can make these the measurements of our society. As your president that is what i will do. Gdp is a hundred years old, past time for an upgrade. We will see we are in a Mental Health crisis. We are in a wellness recession. Our environment is getting worse and worse and is not included in our current numbers. How many of you all have run a Business Organization or a department or division . Imagine if you have the wrong measurements for that organization, how would it do over time . That is where we are as a country. We are getting beaten over the head with gdp, headline unemployment and stock market prices. And none of those things has much relationship with how we are actually doing. Gdp, i talked about a little bit. The bottom 50 owned basically zero stock. Stock prices correspond to the top 50 of society if your if you are generous. An headline unemployment does not correspond to the fact that many people are dropping out of the workforce, people are doing two and three jobs to get by and millions of College Graduates are doing a job that does not require a college degree. We can make progress. Donald trump said in 2016 he was going to make America Great again. What did Hillary Clinton say . Americas already great. The problems are real. Deep in our communities. We need solutions that will help us move forward. What would Donald Trumps solutions . We will build a wall, turn the clock back, bring the old jobs back. New hampshire, we have to do the we have to turn the clock forward and accelerate our economy and society as quickly as possible to rise to the real challenges of this era. We have to evolve in the way we think about ourselves and our work and our value. Im the ideal candidate for this job because the opposite of donald trump is an asian man who likes math. Thank you very much, nashua. [applause] math is an acronym, what does it stand for . Thats right. Make america think harder. That is your job, and youre going to help us move the country not left, not right, but forward. Thank you very much. We are going to celebrate new years here in nashua, there is a giant party at marthas exchange. [applause] i will try to project, i have a couple of questions i want to ask to start off and then we will look to the audience. As a prep for that, if you have a question, you can use the mic that samantha is pointing to. As you get up to ask your question, state your name and if you are with an organization or business as well. Let me start off. You talked a bit about jobs going away because of Artificial Intelligence and automation. Here in New Hampshire, we are seeing the opposite of that. We have thousands of jobs left unfilled now because employers cannot find sufficient skilled workers to fill those jobs. How does your economic plan and your education perhaps, how did those policies help Business Owners who right now cannot be as successful as they could be because they do not have the people to fill the jobs . Mr. Yang yes, a lot does revolve around education. Many of the employers looking for workers are trying to find skilled techno workers, tradespeople. Weve a Massive National shortage of tower climbers and hvac repair people and people who work on the guts of our infrastructure. There are other needs and gaps too. But im going to talk with these technical jobs because i to give such a massive opportunity. Only 6 of High School Students are in tech or trade our friendship programs now. In germany, that is 59 . Think about that gulf. We are lagging behind because employers are looking around and saying i need to get someone with this type of training. This has the added benefit of same to young people that college is not the beall and endall for everyone. If only 33 of americans will graduate from college and we , have made it more and more expensive. We have to create paths forward for different students in different areas and leave them to the opportunities that need to be filled, and many communities. I will also suggest that, a lot of people looking to hire, too, and the headline unemployment rate, it does obscure a lot of weakness. Because if you are doing multiple jobs to make ends meet, you count as employed. And if youre underemployed, you count as employed and if you leave the workforce to to cover relative, you do not get included in that number. So theres a lot of weakness being obscured because were using a measure that is out of date and misleading. I want to followup up on i want to followup up on your freedom and dividend plan, 1000 per month, dont have to do anything forward for it, sounds good to a lot of people. I did simple math, there are but there are little over 209 million americans who would qualify for that at 12,000 per year, meaning 2. 5 trillion a year to find that. To fund that. How does the math actually work, that you can tax whatever corporations you want to tax to come up with that additional revenue every year forever . Mr. Yang im so glad you asked. I love it so much. So first, you have to look at who the biggest winners are going to be. If you have amazon, google, facebook systematically paying zero or near zero in taxes, of course youre going to problems have affording things. But if you put a mechanism in place will be all get the tiniest slice, our fair share of every amazon cell, every google search, eventually every robot truck mile and a i work unit generates 800 billion dollars per year with a giant up arrow attached to it so that number will shoot up. 800 billion is not 2. 4 trillion, as you suggest. You put the money into our hands, it does not disappear, it circulates throughout the community and our businesses over and over again and ends up increasing tax revenue by, conservatively, liz 600 billion or so. Then heres where the magic comes in. You save hundreds of billions on things like incarceration, homeless services, emergency room health care, that we spend almost 1 trillion on now. A corrections officer said to me, we should pay people to stay out of jail because he sees how expensive it is when they are in jail. This is what happens in our society. We do not invest in people and end up paying and much more expensive and punitive ways when they hit our institutions because we know our institutions are incredibly expensive. The last piece and the best piece shows if you are able to alleviate poverty in this way, you would increase our gdp by 700 billion per year just on the basis of Better Health and educational outcomes of our people. This is a massive investment in human capital. And this does not even take into account the catalyst for entrepreneurship and Great Committee and by the creation that would ensue having a population that would take risks and not feel like if they fail, it is going to mean the difference between having a home and not. Thank you. I will ask one more and then open it up do you guys so you have a chance to ask. Right now, youre on a Job Interview with the American People for very important job, the leadership position, the ceo to end all ceos. As someone who has hired many and perhaps fired a few people in your life, what is your advice to the American People as they compare and consider all of the candidates . What should they be thinking about as they check your check off your qualifications and those of others to make sure they make the right choice to fill this critical position . I love this question so much, and i have never gotten it. I love it. Kudos to samantha from the chamber, his question that was. Whose question that was. [applause] the most to me, important thing about who we choose as our president is whether they understand the real problems on the ground as we are experiencing them and can actually Bring Solutions to bear. Technology is the driving force between many changes in our economy and society. Most of the other figures in this race, who might like and admire a great deal, and i consider many friends. Many do not understand technology very well. They also do not understand technologies intersection with technologys intersection with the labor force very well at all. That if we have the wrong person in that seat, we are going to have another four years of your malls closing, of ai getting smarter, of the robot trucks starting to multiply on the highways. And then as this continues, it is going to get harder and harder for us to actually put into place a path that lets americans know we are not going to be left behind, that we are actually the owners and shareholders of this country and not inputs into a giant capital efficiency machine. If you do not understand the real problems, you will not be able to solve them. I believe i have a much clearer understanding of what lies ahead for this country. I will shift to all of you now. I see i have got a line going. We have got probably about 15 minutes for questions from all of you. State your name and let us know if youre affiliated with a business as well. I am will bronson and drove down from maine today. I am president of the enlightened education coop. Which is based in florida. My question is a followon to the guaranteed universal basic income. The rationale for that is to deal with the dislocation that will come from increase in ai and robotics and automation. But there is an equally strong justification for it, in my view, and i wonder if you would comment on it. M. I. T. Ng to an scientist, she has come up with statistic, in the exponential rise in autism. She claims that within 10 years, every other family will be dealing with a child in the autism spectrum. Thisll take a terrific amount of resources to provide for homeowners, typically caretakers in the home who are not being paid. And you have spoken to this on occasions. Could you comment on this as a possible other justification and reason are rationale for the freedom of dividend, which i like to call that Technology Call the Technology Dividend . Mr. Yang thank you for this question. These are the best questions ive received in some time. I have a son on the autism spectrum. Special needs is the new normal. I have not seen a study that suggests is going to get up to it is going to get up to 50 . But it is already normal in many millions of families around the country. And the big problem here is that you have a special needs child, like my son, who shows up at school, and the school says i do not have the Resources Available to do what this child needs and requires, because i have one teacher for 20 kids. I do not have the budget for this. And so, that child ends up falling through the cracks, the family has to scramble. There are massive problems. But it is in a large part partly large part again because we are confusing economic value and human value. We are saying this kid needs more, and thus is a burden on the community, instead of seeing it the way we should be, which is that our kids well being is the economy. Our kids well being is the point of this economy. We should use that as a measuring stick. Which means you pay teachers more. You hire more teachers. You line up on the standardized test we devised during what were to to decide which is not to the send to the front lines and no now we are bludgeoning our teachers and kids with them. You stop teaching schools he stopped treating school Like Assembly lines and try to put resources in place to give kids what they need. If you change it from this cost model to this investment model, you see this is the future of our the 21st century economy, making ourselves stronger, healthier, and more whole. And if we do not evolve in that direction as quickly as possible, then youre correct that many committees will feel themselves to be overwhelmed by the cost of supporting many specialneeds children who, quite frankly, are going to grow to become specialneeds adults. And if we do not start changing the measuring sick, then we will see these people as, again, cost centers and burdens instead of being owners and parts of our families. Thank you s so thank you for the question. [applause] hello, an executive from upper massachusetts, speaking about make americans think harder. We need a National ScienceDriver Program to lift up the population economically, and inspire the population. But we have a couple major problems to solve first. Number one, you are talking about your friends who went to wall street with the derivatives and stuff. Since 2008, the big banks are much bigger. And about to blowout, is the Federal Reserve that has been giving them a hundred Million Dollars a day since september, which means we are close to a very big global blowout again. We have hr 2176 in the house, everyone should be calling the their reps and demand that passes and becomes law. Last, we have to get back to economic sovereignty. In other words, we do not need independent, private entity controlling our economy. We are over 20 trillion in debt, so we have to get back to the way the Federal Reserve fixed currency and get back to the american system. Mr. Yang this was a profound question. Some people, when they come to an event, one of the thoughts is, where do we get the money to do what we need to do . How many of you here remember voting for the 4 trillion bailout of wall street . How many of you remember anyone saying, where are we going to get the money . That is what hes talking about, this printing of hundreds of millions of dollars a day to shore up the Balance Sheets of our banks. No one voted for that. No one said yes, lets do that instead of billing out homeowners. Bailing out homeowners. The obvious choice was to bail out homeowners and keep people in their homes and keep communities whole. Instead, we chose to recapitalize the banks. That is an emblem of the choices we are making in this country, everything revolving on the almighty dollar. We have to choose our people. To the point of what we have done in terms of recapitalizing wall street and privileging them, youre right. The banks are observing more and more financial activity. Community banks in places like New Hampshire are a thing in the past. If youre old enough, you likely remember Community Tanks that banks that got gobbled up a bank by bank of america and the gang. This is what we have to again counteract. We have to choose our people instead of the banks and we have to stop bailing out wall street and letting them run and own our economy in this way. So thank you for this question. Thank you. Hr 2176. Passed. If you could keep your questions succinct, that could help us get more questions in. Im a College Student from worchester, massachusetts. Of course what you want to do is put taxes on Different Companies such as amazon, facebook and the like. But my question is how can you prevent these companies from outsourcing themselves to other countries to avoid such the removal of such tax breaks . Mr. Yang this is based on a system it affected just about every other developed country and it occurs at the pointofsale. We are the number one market in the world. So even if amazon were to ship some of its offices to other places, they were paying at the pointofsale, so they paid a matter what. This is what other countries have figured out. Having the amazons of the world is untenable. It has worked everywhere else and would work here too. Youre right, companies we do anything to save money, but because there is a pointofsale that is hard to escape. Is jeffarison i use bezos now is worth 109 billion postdivorce. [laughter] if you were to ratchet up the tax rate lets say 275 percent or 80 , how much of his one to 9 billion to get lets say two 75 or 80 . Not much because he pays himself something modest and most of his wealth is tied up in amazon stock. The money is flowing to amazon so you take it at the pointofsale there and you get billions from his business. Then when jeff takes billions of dollars out of stock every year or buy rocket ships from mars which is what he does with his money, you take a toll there, too. You get it coming and going. Because it is that the pointofsale, it does not matter where they base their operations. Thank you. [applause] kurt. My name is im a Campaign Supporter for massachusetts. Mr. Yang i can tell by the shirt. Thank you. It might be time to put minds at ease the health care. This phrase, medicare for all has become a sort of political football and almost a branded phrase at this point. To what extent are you anchored specifically and explicitly to medicare for all as it is written, as a phrase, and to what extent would universal health care be a more useful phrase . Mr. Yang i like where your head is at, kurt. To me, medicare for all is universal health care for all americans. It is not the name for a bill, it is a name for try to get every American Health care independent of their work status or whether or not they can afford certain levels of premiums. I am not someone who things you can uproot private insurance plans quickly. Because youre talking about millions of americans on these plans. In some cases, they actually negotiated away higher salary higher salaries for the plan. So legislating those out of existence quickly seems to be unduly impractical disruptive. The plan should be for the government to provide a public coverage option that outcompete the private insurers and squeezes them out over time. To your point, it is true that medicare for all means certain things to certain people. And youre probably right that universal health care would be a better way to frame it. [applause] good afternoon. Make americans think harder. I would challenge you to think harder to look for chess moves that reduce the size of government and make it a for make it a freer country, such as if a state legislature says, no more zoning restrictions in any city and town immediately, there would be an abundance of new jobs and demolition and construction. And with the glut of housing, meeting the modern code, there immediatelydlords scrambling to find tenants for rent. Half the rent they are paying now. There would be people at the bus stop and buses adding more roots. My name is tom and i used to be a state rep here. I live in hudson coming to New Hampshire now. Mr. Yang i was going to comment that you sounded and felt so New Hampshire. There sets this libertarian element to this idea. I am sympathetic to many aspects of it. We have to lighten up on restrictions on development. Nimbyism. Hem are a fertile housing is good in the abstract, but not here because i do not want it to depressed home value. Big picture in terms of the federal government, donald trump said he wanted to drain the swamp. In many ways he was not wrong. It was the richest city in our country and what are they producing . Unclear. He said he wanted to drain the swamp. I want to distribute the swamp. Why would you have tens of thousands of employees and buildings in the most expensive city in the country . You should be moving those agencies to ohio, or michigan, or New Hampshire, or florida, or places that would love to have that economic activity. The cost will be lower because every thing is cheaper in these places. And i would argue the decisions would be better, because they would be tied to our communities and make decisions not from the bubble of d. C. , but from a place where people are actually living and leading normal lives. I do think about zoning regulation standing in the way of affordable housing. Like you are seeking. I like his sweater, too. Look at that. I was at your Hanover Town Hall event a month ago. Just a quick disclaimer, this will be would be a little bit long, but i will do it a short as possible because it is the best way i can get my message up to people. I think this would encapsulate what we are all thinking. Mr. Yang, there has not been a poll in the state released in 47 days. The chairman of the dnc rejected your request to release more early state polls, cutting off a vital pathway to the january debate. Likes the buffalo bills, the democrats and fighting for the little guy, not in that order. Apparently he does not Like Fighting for the little guy who has over 400,000 donors, including some right here in New Hampshire. If you look at that in an early state. To the people in the room, we have a chance to outrace out raise Elizabeth Warren in the fourth quarter. Im going to look toward the biggest camera in the room. [laughter] if theres someone from the dnc watching, oh shoot, where am i . [laughter] look at the crowd. We have cramped 130 people into built for 30 and there are people watching from out the door. I am more passionate about this that anything i have been in a long time. Mr. Yang let me give you a high five, man. [applause] so fight for the little guy and all the little guys in this room, and fight for the American People. Poll the people. It seems like we are not going to get much help in this process. To the people over 18 years old, keep phone banking, canvassing, keep yanging people. We know it is not left, is not right, it is forward. And i am part of that yang gang because i am scared of the future in america. And i am not alone. Mr. Yang, do you have any thoughts on the issue . [applause] mr. Yang my thoughts are you are making me feel better about the future by being so passionate and articulate and spot on. Admin, thats awesome. I mean, thats awesome leadership on your part. I believe we are going to get the polls we need the right timeframe. I will be on the debate stage in january. What is the number one criteria for democratic voters . Beating donald trump, that is right. A poll right here in New Hampshire said that 10 of donald trump voters would support me over donald trump in the election. Another poll said College Republicans would choose me over trump. Unlike any of the other candidates in the field, i am drawing in disinfected from voters, libertarians, and independents and progressives. Im the best to take on donald trump and beat him. That is why as soon as they pull New Hampshire and iowa, they see we are well above the dncs threshold. I will say i am very confident we will make the debate stage. We actually said we will pay for the polls, because they were complaining about cost and i said, we will pay for it. Going to keepis growing and growing, because we are talking about the issues that Americans Care about in the problem we see around us every day. Ellis, you are an inspiration to me. Thank you so much. He is also a poster child for the reason i believe we should lower the voting age to 16. [applause] and here me out on this. Some of you are like, that seems aggressive, but 16yearolds can pay taxes. It would turn every high school as a political hotbed. Studies have shown that the earlier your first boat is, the more you likely you are to vote throughout the life. And frankly, youre going to be here longer, you should have a say on what is going on. The main counterargument is that 16yearolds are too immature and illinformed to vote. I think that has been proven to be nonsense. Is that right . Less than 1 million to the fundraising goal. Keep donating. We have to make it. That, a look at passionate person here New Hampshire. My apologies for those who did not get a chance to get your question in. Thank you for coming out. I will add my own personal thanks to those of you like or Younger Voters taking the opportunity to get yourselves educated. All of you, for coming out. Whether mr. Yang is your candidate or you are still on the fence or supporting another candidate, your participation in the process helps make it a stronger and Better Process for all of us. So really, thank you. Thank you to you, mr. Yang. On behalf of our corporate sponsor, thank you all very much for coming. I believe you are going to do heres, so line up around for a photo. I will claim privilege and do the first one join the first one. Enjoy the rest of your afternoon. [applause] [inaudible conversations] how are you . Good to see you. [laughter] [inaudible conversations] is everyone ready . Yang, you wrote a letter earlier this month i was for lowering polling standards. Our response on this situation is, how can you raise the standard and not have [inaudible] that is where we are right now. I guess even now you would be diversifying the debate stage. Mr. Yang i would be thrilled if polls. N b ran [inaudible conversations] mr. Yang nothing is preventing the dnc from reaching out or saying, hey, when is your next poll going to be in the in d. C. . The dnc saying we can do nothing about it is disingenuous. They can reach out to any polling organization and ask for a pull to be conducted at any time. Poll to become the to be conducted at any time. [inaudible conversations] mr. Yang we should be privy to our data even when it is not being breached. Getting sold and resold or Tech Companies are profiting from it, we should know about that. Think the law goes far enough to make our data [inaudible] on health care, you spoke on this over the weekend. Nameare for all is the that would essentially eliminate private health insurance. Your andrew to me, medicare for all means universal health care for all americans. We need to get Health Care Access up and costs down to a level where americans can get the health care they want and deserve. Health care should be a human right in this country instead of a means for companies to make money off of. Would you consider rebranding your own as universal health care . Andrew i think medicare for a means universal health care. To me and other americans. To follow up on the question, [indiscernible] does it feel like you are redefining it . Andrew i can guarantee that virtually no americans have actually read. If you are to say the proposed bill that senator sanders put forward. I do not think they are thinking about the bill because they have not actually gotten into the weeds in reviewing the bill. What i believe most americans think, we should all have health care. Thank you. [indiscernible] [indiscernible] [indiscernible] andrew thank you very much. These are the kind of leaders we want. You are waiting . Nice to meet you. 1 throughout meet andrew do you want me to sign that for you . Sure. We all go to holy cross. Andrew nice to meet you. Sweatshirt, and i like that. And i liked it. [indiscernible] ready, 1, 2, 3. Right over here, 1, 2, 3. Got it. Andrew hello. 1, 2, 3. Got it. I am from texas. [indiscernible] i love your message. Andrew 3, 2, 1. Good luck to you, man. Andrew nice to meet you. 3. 1, 2, andrew hey, man. How is it going . [indiscernible] 3, 2, 1. I am here from california. I am in grad school. [indiscernible] how are you doing . [indiscernible] thank you. 1, 2, 3. We have a couple of things in common. A son who is taking a peak of. Gov. King ap he met you back in august. [indiscernible] andrew my father was a psychology professor. [indiscernible] andrew i love that progression. With your help, we can win. Andrew i have to fight to make sure you can vote in my reelection. I stayed home with my boys. It was the hardest job. Thank you. I am 16, so i cannot vote. 3, 2, 1. [indiscernible] andrew are these your parents . You should be proud of your daughter. 3, 2, 1. Andrew im got i am trying to solve the problems that affect us all get. I have family there. [indiscernible] thank you so much. Andrew it is a blast. I love it. Thank you. I am creating some of the automation you are talking about. I agree with you that it is an interesting challenge we have. It is unavoidable automation is unavoidable. Andrew you have to get in front of the curve. Everyone should be celebrating it. [indiscernible] [indiscernible] andrew i do not think it is a good thing. I am claire. [indiscernible] im actually from a walkie, wisconsin. Andrew i have to get there. We are excited. Thank you. Andrew good to meet you. I go to school in worcester, massachusetts. We are taking a class on the primary. Andrew that is so fun. I have to thank him for bringing so many. I was on your website. [indiscernible] andrew how many people did you bring . 12 people total. How are you . Nice to meet you. Andrew look at that scarf. Is there a chance i could get this signed for my students . Andrew of course. Thank you so much. My dad is a republican i just want to let you know. [indiscernible] thank you very much. I appreciate it. Thank you very much. How are you . Hi. Great to meet you. Andrew great to meet you too. Thank you. It has been great. We got here a few days ago. Great to meet you. Nice meeting you. Nice to meet you. [indiscernible] thank you so much. How are you doing . Good to see you. I appreciate it. I was rooting for you. I will see you tomorrow. [indiscernible] i will see you tomorrow too. Thank you. Saw biden and tulsi yesterday. Joe cannot understand. Always good to see you. I look forward to partying with you tomorrow. Andrew it is a new decade. I will see you at the party. Andrew thank you for being here. I cannot believe youre going from here to iowa. Im going to be following you too. Thank you. [indiscernible] andrew that photo cracked me up. Check out my yearbook photo. That was right in New Hampshire. I do love that. Let me sign your hat. Got to move, guys. Got to move. [indiscernible] 1, 2, 3. You are doing a great job. Andrew we have to make it better for you. That is why we are here. Thank you. Andrew i want to sign all the hats. Awesome. Take care. Andrew congratulations on the beautiful kid. Nice to meet you. Andrew i will sign as many as you got. D. C. Son is here from andrew im going to open an office they are, and it is going to be in the white house. I saw you on an interview in cnn. My husband and i are very interested. Andrew i am just a parent trying to fix it. Thank you so much. Andrew absolute pleasure to meet you. Thank you very much. 1, 2, 3. 1, 2, 3. Thank you. Great one. Thank you for coming. How are you doing . Andrew [indiscernible] i will be canvassing until the sun goes down today. Badass. Your hair is so thanks. I love what you are doing. Andrew [indiscernible] hey, guys. Liked andrew i really like this group. 3, 2, 1. Andrew happy to sign whatever you guys like. Right here in nashua, we are having a giant party. Drop on by. Am i going to get drawn . Now to get drunk . No. I am not Much Good Company when i am too rowdy. Thank you so much. Thanks. Andrew do you live here in town . Is there a boarding school there . [indiscernible] hi, nice to meet you. Thank you very much. Andrew of course. I have been following since we heard you own rogan heard you on rogan. Andrew that makes you like og. Thank you both. You are not even on my radar a few months ago. I started getting emails. [indiscernible] andrew i start i tried to break down what i saw as the problem. [indiscernible] looking forward to it. Thank you. I finally get to meet you. [indiscernible] many veterans need to hear you say you care. [indiscernible] andrew do you want me to sign your hat . Yes, please. Hi to my friend in california . He said i was not going to meet you. Andrew hey, i am here with your friend. He prove you wrong. Its make things better for you andrew and every other person who has served the country. Have to make this country work for us again. Thank you for the support. Speaks, youis man know he is going to do it. Thank you so much. Andrew pretty much anytime a veteran [indiscernible] a company took me in. 10 years later, i am a senior principal analyst. Thank you. I saw. The back there. Congratulations. Likewise. You nailed it thank you. Means so much to me. Hi. Im sophia. Im andrew. Excited. [indistinct conversation] ill be on your right. Two, one. Come in. [laughter] thank you. Thank you. [indistinct conversation] im two years into a fouryear term now. After trump got elected, i said, i cant sit around. I said, i should try and do something about this. A sense as tod what the real problems were. Variation talk to politicians about various politicians about it. No one wanted to do anything. [indistinct conversation] couple . Ll are a yes. My fiancee. You are the political future, it. Ou wanted well, thanks congratulations. Appreciate it. Thank you for coming out. Thank you. So good to meet you both. You know, were having a party town tomorrow night. Im a bartender in town. Im working. My bar. Hould come into [indistinct conversation] i may come by. You may see me. If not, happy new year [indistinct conversation] our 18yearold son said you gotta meet this guy, hes awesome. Thats so nice. His name is alex. Would you mind signing this for him . College. Great school. Yeah. Yeah. [indistinct conversation] [indistinct conversation] thats a really big differentiator for you. Hat. At is a math ive got the marker. When ive got this, i really want to sign it. Check it out. [laughter] shows up so nicely. Thank you. [indistinct conversation] we have to become a sovereign economically. Get back to the american system. [indistinct conversation] very few people actually talk about it at the debates. Yeah. We dont solve those problems, everything is gonna go you should know, im [indistinct conversation] between powering up spacesses and exploration we gotta keep moving. You. [indistinct conversation] hello. How are you . Good to see you again. Good to be seen, yeah. Baseball fan . Yeah, i am. [indistinct conversation] [indistinct conversation] thanks for the hard work. [indistinct conversation] hello. For putting up with your boyfriend. [laughter] working so hard. Two, three. Thank you. Ha ha were friends before. [indistinct conversation] [indistinct conversation] [indistinct conversation] campaign 2020. Watch our live coverage of the president ial candidates on the campaign trail and make up your own mind. Your unfiltered view of politics. Cspans live 2020 coverage continues tuesday at 11 00 a. M. Eastern. Elizabeth warren in boston. Watch the president ial candidates live. Andive every day with news policy issues that impact you. Coming up tuesday morning, for thelift, columnist daily beast impeachment and campaign 2020. Then a talk on the news of the day. Live at 7 00 etern tsday morning. Join the discussion. Kudlow, National Economic council director, speaking at the annual wall street journal ceo council meeting