Andrew Yang, a former 2020 Democratic Presidential candidate, announced he is running for Mayor of New York City this week. He is already working on a campaign to eradicate poverty in the city which could create a universal income for half-a-million of the city’s poorest residents.
During his presidential campaign, he called for a $1,000 per month Universal Basic Income for all.
In his New York City Plan, according to his website, his basic income program will start with providing those who are living in extreme poverty with an average of $2,000 per year. This program can then be grown over time as it receives more funding from public and philanthropic organizations, with the vision of eventually ending poverty in New York City altogether.
Any New Yorker, regardless of their immigration status or life experience (ie. past experience with incarceration or the criminal justice system, experience of homelessness), will be eligible to receive cash relief.
New York City’s basic program will be supplementary to any benefits that New Yorkers currently receive and will not be categorized as “income.” In other words, New Yorkers currently receiving SNAP, TANF, Medicaid, housing assistance and more would have no interruption to these benefits.
The Yang administration will invest $1 billion per year in cash relief, making this the largest basic income program in the country.