EXCERPT:
YANG: "Well it's already working in over a hundred developed countries around the world. So this is something that's been proven. There are ways you can tailor a value-added tax. You can exempt certain consumer staples. You could have it fall more heavily on luxury goods but everyone knows that my plan is to give every American $1,000 a month, which would increase the buying power of 94 percent of Americans even if you were to assume the VAT were to be fully passed along."