Article snippet: Tech entrepreneur Yang promoted the Freedom Dividend as helping women and minorities, noting that it was “the most effective way for us to address racial inequality in a genuine way and give every American a chance at the 21st-century economy.” Giving out a Freedom Dividend would cost more than $3 trillion a year based, on the estimate of U.S. adults in the census. The Yang campaign proposes paying for it through a value added tax aimed at major corporations that it says could raise $800 billion in new revenue, though it did not provide a specific time frame. It would also reduce benefits provided by “welfare programs, food stamps, disability and the like” to help offset the cost of the Freedom Dividend, though the campaign has said Yang would protect entitlement benefits such as Social Security. That means the program’s actual cost, after factoring in revenue and benefit offsets, remains uncertain, leaving it potentially vulnerable to attack. “Republicans will probably be pretty hostile to it,” said Vale. “They’re going to come at it with their same attacks that they do on any safety net programs.” UBI has also failed to gain much traction in the 2020 race, even though Yang himself has remained remarkably competitive in a crowded Democratic primary. Yang also founded “Venture for America,” a nonprofit that prepares younger professionals for work in startups. He has campaigned as an outsider who eschews ties and who described himself at the most recent debate ... Link to the full article to read more