Andrew Yang on Corporations

Democratic Presidential Challenger & Tech CEO


Set environmental standards for companies

One principle that we're going to have in our businesses here is that, if you are a very large business, you need to measure your carbon imprint and your effect on the environment. And then if we extend that to operations in other countries that are either of U.S. companies or, over time, our trading partners, then we can have more sophisticated standards that include environmental impact, not just for American companies, but the companies and countries we do business with.
Source: Climate Crisis Town Hall (CNN 2019 Democratic primary) , Sep 4, 2019

0.1% tax on the sale of stocks, bonds and derivatives

Andrew Yang on Wall Street Taxes: Create taxes on financial trades.

THREE CANDIDATES HAVE SIMILAR VIEWS: Kirsten Gillibrand; Bernard Sanders; Marianne Williamson.

Sen. Kirsten Gillibrand and entrepreneur Andrew Yang support a 0.1 percent tax on the sale of stocks, bonds and derivatives. Sen. Bernie Sanders has proposed a similar plan. Author Marianne Williamson wants to eliminate preferential tax treatment of exchange traded funds.

Source: Politico "2020Dems on the Issues" , Jul 17, 2019

Competition isn't always the answer, like for tech giants

Yang said breaking up big tech companies like Amazon, Google and Facebook was "a 20th century solution to a 21st century set of problems."

Q: Should tech giants like Facebook, Amazon and Google be broken up?

A: "There are dynamics in technology, right now, that make it so that competition isn't always the answer."

Q: Does anyone deserve to have a billion dollars?

A: "Do I think there's something intrinsically wrong, there being billionaires in the world? No, I do not."

Source: 2019 "Meet the Candidates" (NY Times.com) , Jun 18, 2019

Same tax rate on capital gains as on earned income

Capital gains and carried interest currently receive favorable treatment by the tax code. This privileges investors over workers and promotes speculation. It's irrational that we privilege capital gains and investment income versus earned income. The top 20% own 92% of the stock market, and the bottom half of Americans own essentially zero. We should be encouraging and rewarding work first and foremost. An investor should not be paying a lower tax rate on gains than the person who is working hard every day. I've worked and invested and working is a lot harder.
Source: 2020 presidential campaign website Yang2020.com , Mar 29, 2019

Ran test-prep company, then sold it to bigger company

I was thirty [in 2005] when I started running Manhattan GMAT, and I was pumped. I articulated three core values and started putting them up on a screen before each meeting:For the full-time staff, it was important to me that they regard our little test-prep company as a great place to build a career: I decided to build a corporate culture. We had regular staff outings to celebrate record months. I figured that if these expenses kept turnover low and morale high, they would pay off many times over in high performance and consistent growth.

Prior to Manhattan GMAT, I'd been accustomed to something of a venture-capital mindset, to try to keep your investors excited. With Manhattan GMAT there were no investors to placate.

In 2009, after a competitive bidding process, we agreed to be acquired by Stanley Kaplan Test Prep and the Washington Post company.

Source: Smart People Should Build Things, by AndrewYang, p.83-5;92-6 , Feb 4, 2014

Enlist entrepreneurs as mentors

Source: Smart People Should Build Things, by AndrewYang, p.178-86 , Feb 4, 2014

Other candidates on Corporations: Andrew Yang on other issues:
2020 Presidential Democratic Primary Candidates:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 GOP and Independent Candidates:
Rep.Justin Amash (Libertarian-MI)
CEO Don Blankenship (C-WV)
Howie Hawkins (Green-NY)
Gov.Larry Hogan (R-MD)
Gov.John Kasich (R-OH)
V.P.Mike Pence (R-IN)
Gov.Mark Sanford (R-SC)
CEO Howard Schultz (I-WA)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (I-MN)
V.C.Arvin Vohra (Libertarian-MD)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld (L-NY,R-MA)
Civil Rights
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Social Security
Tax Reform

External Links about Andrew Yang:

2020 Withdrawn Democratic Candidates:
State Rep.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Dec 30, 2019