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NYC mayoral candidate Andrew Yang wants MSG, tax exempt landlords to pay for his universal basic income plan


Former Democratic presidential candidate Andrew Yang is making universal basic income a central tenet of his political marketing campaign as soon as once more — this time for New York City Mayor.

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

Yang’s proposed income program would prolong a mean of $2,000 per 12 months to New York City residents dwelling in excessive poverty and would price $1 billion per 12 months, in accordance to his marketing campaign web site.

The mayoral candidate informed CNBC’s “The News with Shepard Smith” Monday night that he would goal property tax-exempt landlords in New York City, like Madison Square Garden, to foot a portion of the invoice.  

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

Yang additionally commented on the dramatic rise in anti-Asian hate crimes within the U.S., calling it “a devastating time in the Asian-American community.”

Reports of anti-Asian hate crimes within the U.S. rose 149% in 2020 from the 12 months prior, in accordance to the Center for the Study of Hate and Extremism. New York City recorded an 833% improve in anti-Asian hate crimes, in accordance to police information.

“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, a lot of these incidents are still not being reported,” Yang mentioned. “Many Asian Americans do not have that kind of relationship with law enforcement and city officials, and I would like to change that.”



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