Who is yang

World globe An icon of the world globe, indicating different international options. Get the Insider App. Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading H M S In the news.

Grace Panetta. Sign up for notifications from Insider! Stay up to date with what you want to know. Loading Something is loading. That was the key. But as was seen in the election, a lot can happen when an unexpected person does well in a debate. Exceeding expectations — whether on a debate stage or a podcast — can build name recognition and can help candidates who are strikingly different from the rest of their field like Donald Trump or Bernie Sanders stand out.

And successful or not, Yang is a fascinating cultural phenomenon. He blends a traditionally left-wing platform a mass expansion of the safety net and a big new value-added tax, or VAT, to pay for it with massive appeal to the young, predominantly male, and, in their unique way, socially conservative audiences of people like Joe Rogan and Sam Harris. Found this on the Yang subreddit. Could someone explain to me why Trump fans would turn into Yang fans? Indeed, Yang is already winning the meme wars by a wide margin, and on the strangest accounts:.

Did Trump just lose the meme war? See Yanggang and yanggang for thousands of examples. Yang, of course, totally rejects support from white nationalists. But the mainstream Yangsters who make memes? Imagine seeing your face on dragons and whatnot. The whole thing is funny. Message received! So what does Yang stand for — and what does his online success mean for the race going forward?

In , Yang started Venture for America VFA , an effort to try to prevent elite colleges and universities from funneling graduates toward safe options like jobs in finance, management consulting, or big law by enlisting teams of fellows to move to cities across America and work for local startups. It speaks the language of startup founders and TED talk speakers, and directly targets an audience of fellow elite college grads in service of trying to spread economic growth more evenly across the US.

For Americans currently benefiting from cash or cash-like programs like Social Security Disability Insurance, food stamps, or Section 8 housing assistance, Yang would offer a choice between the existing welfare state and the Freedom Dividend, in hopes that no one would be left worse off. Yang, like many entrepreneurs who have become attracted to UBI, embraces the policy as a way to cope with automation.

VAT makes it impossible for them to benefit from the American people and infrastructure without paying their fair share. This is a strange claim.

VATs are basically sales taxes levied at each stage of production when a lumber company sells wood to a paper mill, when the paper mill sells paper to Dunder Mifflin, when Dunder Mifflin sells paper to you , and as such, economists generally believe that consumers bear most or all of the cost of increased VAT rates.

Rather than be stuck in a career he had little interest in, Yang dove into his real passion: entrepreneurship. After launching a variety of startups in the early s, Yang eventually became CEO of Manhattan Prep, a test prep company, and later founded the successful nonprofit Ventures for America VFA in , which prompted the Obama Administration to name him a "Presidential Ambassador for Global Entrepreneurship" in Out of all the Democratic presidential candidates, Yang had arguably one of the most distinctive campaign proposals in the form of UBI Universal Basic Income.

According to Yang, this supplemental income would help curb the devastating economic effects caused by automation, which will significantly displace workers in the manufacturing, retail and trucking industries.

According to Yang, the loss of jobs caused by automation was the reason voters voted Donald Trump into office in Yang said the Freedom Dividend will help create innovation and a "trickle up" economy, predicting that Americans would reinvest the money back into their local communities.

In order to finance the Freedom Dividend, Yang said he would place a value-added tax on corporations like Amazon and Google, which would require them to give a percentage of their profits back to the American people.

In this way, Americans would function as "investors" of these corporations, citing Alaska's popular oil dividend, which distributes a percentage of its oil revenue to its state's citizens annually, as proof that UBI would work. The democracy dollars would be a "use it or lose it" offering and would help mitigate the negative effects of corporate donations and political lobbying in political campaigns.

Like presidential candidates Bernie Sanders and Elizabeth Warren , Yang supported a Medicare for All system, which is also called single-payer or universal health care. Under this system, private insurance is abolished and an increase in taxes helps cover the costs, while at the same time premiums, copays and deductibles are eliminated. Yang said that maximizing human welfare and de-emphasizing corporate profits will help steer the country in the right way.

His definition of human capitalism comes in the form of three concepts: "1 Humans are more important than money; 2 The unit of a Human Capitalism economy is each person, not each dollar; 3 Markets exist to serve our common goals and values. Yang explained his human-centered capitalism further in this way: "Right now, our economic measurements are all wrong. GDP, the stock market and unemployment look at the economy as a whole. Self-driving trucks will be great for GDP, but they'll be terrible for truck drivers and everyone who works in an industry that relies on truck drivers, such as truck-stop workers," he told Newsweek.