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ANDREW YANG TIPTON IA COFFEE MEET AND GREET ABC UNI 2020/HD
01/06/2020
ABC
NYU430990
TVU 22 ANDREW YANG TIPTON IA COFFEE MEET AND GREET ABC UNI 010620 2020 TVU 22 ANDREW YANG TIPTON IA COFFEE MEET AND GREE.Sub.01.wav [15:25:47] Hello. How are you? It's good to be here. Thank you for the warm introduction so far. It's time to look taller. [15:26:01] It's great to be here. This is my 24th trip to Iowa over the last number of months. And every time gets better and better and better because the energy is higher. The groups are bigger. My first crowd is not as big as this one. The voting is closer and closer. There were only four weeks away from the caucus. [15:26:19] She does not feel like this. But you all are among the most powerful people in our country today. You have the future of the country in your hands. I've done the math. Generally, Californians, each of you is worth. [15:26:36] I came here and simply Democratic powers. Each Iowa is worth about a thousand Californians in terms of what you have to shape the future of this country. How many of us are here in this cafe right now, whether you would trump me an estimate? There are 400. [15:27:01] There are about 40 people in this world, but even that is the equivalent of one football stadium full of Californians. [15:27:09] That's the power you have. That's why it's a thrill and privilege to campaign here. Every single time the question is how are you going to use this power? In four short weeks to be, you must use that power to help solve the problems. [15:27:22] I got Donald Trump elected in the first place. Now, you all are Democrats for the most part. How did you react to Donald Trump won in 2016? [15:27:34] I was so sick. Nausea, shock. [15:27:41] I I'm the same way. I said, oh, my gosh, the country just decided to take a bet on the narcissist reality TV star as our president. And though I was shocked. We all have family members, friends and neighbors who celebrate this. And I know that's true for all of you because Donald Trump won Iowa by more than eight points. You have to ask, how the heck is that possible that you won the purple list of purple states, Iowa? By that much, if you were to turn on cable news at any point in the last several years, why would you think that Donald Trump is our president? [15:28:16] Russia. Russia. Hillary! Hillary! E-mails. Fox News. Deep sea. Conspiracies. Racism. Hager. All of this been danced together in some kind of toxic brew. This is why I've been numbers guy, as you can tell. The man looked up in. And this story as to why he's our president is clear in the numbers that we blasted away. Four million manufacturing jobs over the last number of years. And where were those jobs? Ohio, Michigan, Pennsylvania, Wisconsin, Missouri. [15:29:02] And more than 40000 right here in Iowa. I have been to those towns here in Iowa. And after the manufacturing plant closed, the shopping district closes. People, the schools rings. That community never recovers. I have seen that same story played out in Missouri, Ohio, Michigan. Over the last seven years. Running Venture for America nonprofit. I started. [15:29:28] In 2000, Ted. [15:29:31] And I have to say first, I want to give a shout out to my wife because I was a pretty normal guy when I decided to start a venture for America, I was like, hey, I quit my job, start a nonprofit in the country, help people grow businesses, choose a good sport about that. You even better support it. When I 70 years later was like, hey, I want to represent United States. And occasionally someone thanks to you running for president. And I say thank my wife because one, she let me run in the first place. [15:29:59] And number two, she's been sacrificing much more than anyone else while I've been away. [15:30:06] So I certainly much more prepared and I saw firsthand what happened in these manufacturing towns and I saw that it led Trump to become our president. Wherever you draw a line between industrial automation and a voting area and a movement towards Trump, it's like a straight line up to the right. If you look at the data. [15:30:26] Unfortunately, what we did to those manufacturing jobs were now going to do two retail jobs, call center jobs, fast food jobs and out through the economy. How many of you notice stores closing around where you work in this part of Ireland? [15:30:39] Towards. Why are the stores closing? [15:30:45] I like shopping in a weird Amazon. Amazon soaking up 20 billion dollars in business every single year, causing 30 percent of your stores and malls to closed forever. Most common job move out. Most common job in our country is retail clerk average retail purchase a 39 year old woman making between 8 10 dollars an hour. What is her next move? When the store or mall closes? How was that was unpaid federal taxes last year? Zero. That is your math. [15:31:15] Twenty billion out, 30 percent of your stores close. You get zero back. You've all seen the sell Sara kiosks in the CBS, the grocery store, the fast food restaurant. But it's not just the obvious changes we can all see in front of our eyes. When you all call the customer service line of the big company and you get the bot or a software, I'm sure you do the same thing I do, which is you pounds 0 0 0 as a human human human representative or better continue until you get some of the library. Really? And that's. [15:31:45] We all do that because we need that software. It's terrible. But in two or three short years, the software is going to sound like this. Hello, Andrew. How's it going? What can I do for you? It'll be fast, seamless, delightful, little bit overly friendly, perhaps. What is that going to mean for the two and a half million Americans who work at call centers right now think between 10 and 14? No, no. The rubber is really going to hit the road when the robot trucks hit our highways. [15:32:09] How many of, you know, a truck driver here and I were three and a half million truckers in this country. And my friends in California are working on trucks that could drive themselves. They say that 90 percent of the way there. Have you done that? This is coming. A robot truck just transported 20 tons of butter to California, to Pennsylvania three weeks ago. Three of human intervention. Why butter? I have no idea. [15:32:33] Google robot butter truck. [15:32:38] You get a big stack of pancakes. [15:32:42] What is this going to mean for the three and a half million truckers or the 7 million Americans who work at truck stops, motels and diners that rely upon the target of getting out and having a meal every day? How many have you been to Highway 80? Davenport says 5000 people stop there every day. What will that number be when the trucks don't have drivers? This is the greatest economic transformation in the history of our country. [15:33:05] . What experts are calling the fourth industrial revolution. When's the last time you heard a politician say fourth industrial revolution? Three seconds ago. And I'm barely a politician, so I was seeing all of this. In 2017, Trump wins. I have a oh, my gosh. I should really dig into why he won. I see the information I see. OK. Fourth industrial revolution. Four million manufacturing jobs accelerating, 30 percent of stores and malls close. [15:33:37] Most common jobs in our country are going to disappear. And I went to our leaders in DC and I said to them, what are we going to do to help our people manage this transition? And what do you think that both of these these said to me when I said, what are we going to do? Someone just made the same noise, though, earlier this trip in Iowa. Someone made the Scooby Doo noise. So the three answers I got out of D.C. were number one. We can't talk about this. Number two, we should study this further. And number three, we must educate and retrain all Americans for the jobs of the future. [15:34:19] How many of you heard someone say something like that last month? Educate, retrain all Americans. It sounds pretty good, but I'm the numbers guys that I look at the studies. You all want to guess how effective government funded retraining programs were for the manufacturing workers who lost their jobs. The Midwest. 10 percent. That's a very good guess. I agree. You low because it is low real numbers here in a 15 percent. They're a total dud. The reality is half of those manufacturing workers have lost their jobs. [15:34:47] Never worked again. And that group has filed for disability. You then saw a surge in suicides and drug overdoses in those communities to the point where American's life expectancy has now declined in the last three years. No, no, no. The last time American life expectancy declined three years in a row. World War 2 is a very good guess, but you have to go back further than that. The Spanish flu of 1918, a global pandemic that killed millions. That's the last time America's life expectancy declined like this. It's highly unusual in developed country for life expectancy to ever decline. [15:35:25] Ordinarily, you get a richer, stronger, healthier, and everything just keeps on edging up. But here in the US, we've gone down and down and then down again. [15:35:33] So what I said is that the folks that D.C., they said, well, I guess we'll get better at retraining them and then just went back to what they were doing. And one person said something that brought me here to you all today. He said, Andrew, you're in the wrong town. No one here is going to do anything about this, because fundamentally, this is the town of followers, not leaders. [15:35:53] And in order for us to do anything about this, you would have to create a wave in other parts of the country and bring you crashing down. That's the challenge accepted. I'll be back in two years. This was two years ago and here we are. [15:36:09] As you all are part of that wave that will rewrite the rules of the 21st century economy. Hard for us to work for you. To work for families. To work for people. [15:36:28] I'm here now. Totally anonymous a year ago and now I'm fifth in the polls to become the Democratic nominee. And rising very, very fast. My campaign raised 16 and a half million dollars last quarter in increments of only thirty five dollars each. [15:36:43] So my fans are almost as cheap as Bernie's, but there are an awful lot of them. [15:36:50] Zero corporate PAC money. No, I gave. Anyone. All the grassroots people power donations because this is our chance to retake our government and make it work for us. Most Americans look up and they see the government pipes is clogged full of lobbyist cash. Millions and millions of dollars that they disappear. There's nothing they can do about it. They're generally right. There is nothing they can do about it. It's up to you all to flush the pipes clean. In four weeks. That's the magic. That's the power. [15:37:29] So the question is how will we rewrite the rules to work for you? If you here today, you heard at some point that there's a man running for president who wants to give everyone 1000 dollars a month. When you're and the first time you've heard it, I know you thought that's a gimmick. That will never happen. [15:37:47] Is this too good to be true? But this is not my idea. It's not a new idea. Thomas Paine was for this at the founding of our country, Public Citizen's Dividend for all Americans. Martin Luther King parkways in the 1960s. And it is what he was fighting for when he was killed in 1968. I know this in part because I sat down with Martin Luther King's son in Atlanta and he said this is what his father was fighting for when he was assassinated. [15:38:13] It was thought mainstream in the 60s that a thousand economists, including Milton Friedman, one of the fathers of modern economic theory, endorsed this plan. It had it passed the US House of Representatives twice in 1971 under Richard Nixon, and then eleven years later, Wednesday passed a dividend. Now everyone in that state is between one and two thousand dollars. Impressive test. And what state is that and how did they pay for it? [15:38:39] And what is the oil of the 21st century? Technology software, A.I., self-driving cars and trucks. A study just came out that said that our data is now worth more than oil. How many of you saw that study? How many of you got your daily check in the mail last month? If our data is somehow now worth billions of dollars. Where is all that money going? [15:39:04] That's right. [15:39:06] Facebook, Amazon and Google, Apple and the trillion dollar tech companies that are paying zero or near-zero in taxes to see how this works, I want you get sucked dry, your neighborhoods get depleted, your store is closed. The biggest winners in this economy mean nothing. That is what you're here to change. That's what you're going to use your power for. Jeff Bezos is worth one hundred fifteen billion dollars today. Post divorce, do we think it's appropriate that his trillion dollar tech company pays less in taxes, that everyone who's here today? [15:39:41] Is that Amazon's fault? No. That's our fault. We had to be pretty dumb to let them get away with paying zero in taxes. If we get our people, our tiny, tiny, fair share of every Amazon sale, every Google search, every Facebook and eventually every robot truck mile and I work in it, we can easily afford a thousand dollars a month for everyone in our country, particularly because when this money is in your hands, where will he go? How will you spend it? How much it will stay right here in Iowa. Most of it, not all of it. [15:40:21] You might get your own Netflix password instead of sharing all the time, but most of the money would go to car repair as you've been putting off at daycare expenses and literally sign ups. [15:40:37] End this coffee shop and local nonprofits and maybe Democratic Party dues and religious organizations. This is the trickle up economy from our people, our families and our communities. This would give every American, particularly those in rural areas or places that are getting blasted by automation. A real path forward. This is the economy. You can create and make real. Just one month. And this money, as it makes you and your family stronger, healthier, mentally healthier. Improves people's decision making, improves people's optimism. You heard from Colin Christensen, right? And Kyle is traveling. [15:41:24] Do something watching the livestream school calls one hour, maybe 15 or 14 or 13. Families around the country were giving a thousand bucks a month. And there's an abstract argument you can make me like, hey, everyone should have this foundation. [15:41:38] And when you see it in real life with Kyle and his mom or Jody Barzee and her daughter or Mallory Shannon. For all of these families around the country, you see that a thousand dollars a month is a game changer for many of us because it helps take the boot off the lawn for. It gives people a chance to breathe and think more clearly, make the kind of decision that they want to make, do the kind of work that they want to do. [15:42:06] Right now, we're getting beaten over the head with the fact that things are great in our economic measurements, GDP or record highs, corporate profits, record highs. Stock market prices, record highs. Headline unemployment, record lows. And yet we have this sinking feeling that things are not great. Corporate profits are at record highs. Yes. Also a record high right now in the United States of America. [15:42:28] Suicides, drug overdoses. Stress. Mental illness. Student loan debt. Financial insecurity are at record lows. The United States starting a business, getting married, having children. Anything that's a sustained act of optimism is now at record lows. United States of America. If you have record high corporate profits and your life expectancy is going down, what do you listen to? We know which one D.C. is listening to. D.C. can't even see the people I can see is the corporate profits. Washington, D.C. today is the richest city in our country. What do they produce? That's a thinker, right? [15:43:10] Whatever they produce, business is awfully good. Donald Trump said he wants to drain the swamp. I want to do something different. I want to distribute the swamp. Why are we employing hundreds of thousands of people in the most expensive city in our country? We should be moving those agencies and personnel and jobs to Iowa, Ohio, Michigan, Florida. It would save us billions of dollars immediately because the cost would be much lower. [15:43:43] And I would argue that their decisions would be better because they would live someplace normal among people as opposed to in the D.C. vote. [15:43:54] So we have these economic measurements that are leading us off a cliff and we need to redefine them very, very quickly. [15:44:01] Robot trucks will be great for corporate profits and GDP, but they'll be terrible for many Americans. What we have to do is start measuring how we're doing by how we're actually doing things like our health and life expectancy, the ability to retire in quality circumstances and this of dividend stocks on top of Social Security. [15:44:20] Because we know you cannot retire and Social Security benefits and this would give Americans a real chance to retire in quality circumstances. Our kids are doing clean air, clean water, mental health and freedom from substance abuse. These are the real numbers that we should be measuring our progress with. And as your president, I would change our measurements to these numbers and then present them to you every year at the State of the Union. I'd be the first president to use a PowerPoint deck at the State of the Union. [15:44:53] And I know how wrong these numbers are, in part because of my own family. My wife is at home with our two boys, one of whom is autistic. What is it? Her work included that in our economic measurements every day or every year. Zero, and it was not just her and stay at home parents here in Iowa and around the country. It's people like Kyle who are taking care of ailing loved ones. It's nurturers, it's volunteers, it's coaches and mentors, it's artists. [15:45:22] Most all of the time, it's journalists. Increasingly, we have zeroed out two thousand local newspapers in this country causing local news deserts all over the country. And I want to ask you all, how can you have a functioning democracy if you don't have any news in your town? If you believe in democracy, you actually need to have a local papers that people have some information about how they're voting. These are the things that we claim to value most highly in our country, our families, our community, democracy. And they are getting zeroed out one by one. [15:45:56] What you have to take to the rest of the country and for weeks is this idea that economic value and human value are not the same things that we have intrinsic value as citizens, as Americans and as human beings. If you take that message to the rest of the country, it will catch on like wildfire. I guarantee you, because the folks in New Hampshire are waiting for the bad time. [15:46:21] I was just there. There's a lot of enthusiasm and energy around this message in New Hampshire. But you have to make the case for it to the country on February 3rd by caucusing for. Donald Trump is our president today because he had a very clear set of ideas. He said he was going to make America great again. [15:46:43] What did Hillary Clinton say in response? America's already great. [15:46:50] Remember that it's been a long three years, but it is about to come to an end. [15:47:03] That response did not work because the problems are real. The suffering is real. How many of you all are parents like me? If you're a parent like me, you had this sinking feeling for quite some time that our kids are inheriting a future that is not as great as the life that we have let as their parents. I don't want you to acknowledge that, but you've all thought that. I know because I'm a parent. I've thought that. And that is true in the numbers. [15:47:29] If you were born in this country in the 1940s, first congratulations. But if you're born in the 1940s in this country, there's a 93 percent chance that we're going to be better off than your parents were. That's the American dream. That's what brought my family. That's what's worked for this country for so long. If you were born in the 1990s with a sense that some of you were. You're down to a 50 50 shot and it's declining fast. That is why we feel the way we do, because we are leaving a future that is far darker for our kids and they deserve. [15:48:00] I'm running for president not because I dreamt about being president of the United States. I'm running for president because like so many of you here in this room today. I'm a parent and a patriot. I have seen the future that lies ahead for our kids. And it is not something I'm willing to accept. They deserve better than this. [15:48:23] Was alone, an entire country can change it. You and you alone can rewrite the rules of this 21st century economy to work for our children's. You can look them in the eyes and say, we did all we could. Donald Trump made a simple case that he was going to make America great again. And he was right about the problems. The problems are real, but in solutions were the opposite of what we need. What were his solutions? Build a wall. Turn the clock back. [15:48:53] . Bring the old jobs back. Iowa, you don't need to do the opposite of these things. We need to turn the clock forward. We have to accelerate our economy and society to rise to the real challenges of this time. We have to evolve in the way we think about ourselves and our work and our values. I am the ideal candidate for this job because the opposite of Donald Trump is an Asian man who likes math as. [15:49:26] Yes. Yes. You said just real revolution. How Washington's not addressing it. Aside from this thousand dollars a month, what would be your plan to address this kind of move for jobs? Well, if people were losing jobs. Thanks for the question. [15:49:46] I did write a book about a whole suite of things that we need to do. So I'm going to give you the high level, Mary, the number one thousand bucks a month. It's not just for individuals. If you imagine this town with an extra thousand dollars a month. How did people live in this town? [15:50:04] Two hundred thirty two hundred. [15:50:07] So let's say there was another thirty two million dollars in disposable income flowing through this town every day, and it was going to this coffee shop, the garage, the daycare center, the tutoring service, the nonprofit. Then each of these businesses might need to hire another person to you end up creating jobs right where people work and live. And you also end up spurring creativity and entrepreneurship because some would be much more likely to start something new if there was an extra thirty two million dollars circulating through the economy. [15:50:39] And they knew that if their business did not work out, they wouldn't starve to death. They'd be OK. So the freedom dividend is a huge foundation for a different kind of economy that actually resembles our community's needs and values. But we can't stop there. We have to do more. You redefine our economic measurements so that people can see what the real problems are and you see that we're in a mental health crisis. We're in a wellness recession. [15:51:06] And then you start trying to solve those problems in a meaningful way. You reform our educational system so that people have access to the kinds of opportunities that will exist for a long time. We have to stop pretending that colleges by everyone in this country. Only a third of Americans are going to go to college. We need to invest in practical trade, vocational programs at the high school level. [15:51:29] Right now, only 6 percent of American high school students are in a technical or vocational track. In Germany, that percentage is 59. Think about that goal. And these are among the most resilient jobs that are going to be with us for years. [15:51:42] Can you imagine what it would take to have a robot plumber or a robot repair person? My child care provider, a robot campfire. Yeah. Those jobs will be with us for a long time. [15:51:54] So if we invest in that, those vocational programs, then we can prepare people for an economy that will be with us for decades to come. [15:52:04] So those are some of the big moves I would make. But it starts with redefining our economic measurements to revolve around us and not. The corporate bottom line, and I'll give you a couple of anecdotes. I spoke to 70 CEOs in New York City and I asked them how many of our look, how many we're looking at replacing their back office medical workers with software and I guess how many hands on about a 7 0 70,. [15:52:30] Because if they didn't have their hand up, they could be fired. The next word. Every CEO's incentive are just to maximize the bottom line and the bottom line. And our communities are now diverging in dramatic ways. And we have to line them up as quickly as possible. [15:52:46] But thanks to the president, it's the right one. Sir, how are you? How do you propose getting cooperation? Help. How are you? [15:52:55] Give the people a chance to cooperate so that the have nots. [15:53:03] You didn't hear that? How can we get everyone to cooperate in this vision and get the haves to care about the have nots was included. So I'm not the only person who's looked at the numbers and our economy. We need to change something very, very dramatically. Know looked at it and said the same thing. Jamie Diamond, the CEO of JP Morgan Chase, biggest bank in the country. He looked at the numbers and said we should declare a national emergency around the fact that the U.S. economy is not working for most Americans. And then he said we should have a negative income tax, which is an income floor for all Americans. Does that sound familiar? [15:53:37] So this is not the far out futurist Asian man candidate like, isn't it like the CEO of JP Morgan Chase who looked at the same numbers and made the same conclusion? If you imagine a country where we all have an extra twelve thousand dollars a year to spend, is that good for JP Morgan Chase? Is that good for Amazon? Is that good for AT&T, like all of the companies actually win? If we get this money into our hands, it creates a virtuous cycle. It's bad for them if the middle class disappears in this country, which it is. [15:54:11] SO if you look at my plan, there are many people who are at the top of the economic ladder who concluded that this is the right approach. I've been endorsed by Elon Musk in many of the prominent taxi years. And you would think that some of them would be like, wait a minute, but, you know, this might be money out of my pocket, but they're smart enough to see that this is a win for everyone. [15:54:32] And the greatest thing is a win for us, our families, our communities, because all the money would flow through our hands and make us stronger, healthier, better educated and everything else that we want. The big guys don't lose through this. [15:54:45] You're about five. I'm just wondering if you think that the unions are obsolete. [15:54:52] We would really need business owners and people with money, with property. That's the only reason there is a middle class anyway. Because you are speaking from experience. [15:55:04] I agree. Unions have been a strong force for good in terms of worker treatment and compensation and benefits. The middle class may not exist at all if not for unions. I'm pro union, this money in our hands actually strengthens workers ability to negotiate, and I know this because this plan was championed by a guy named Andy Stern, who used to run the biggest labor union in the country, the SEIU. And he said that if you had this money and workers had, all the sudden every union could negotiate much, much harder because they know if they do end up calling a strike, then people can go home and not feel like they're going over into their savings as quickly. [15:55:46] But you actually can survive for longer. If push comes to shove. Unions have been an historic force for good. Like a fortress against the storm. But the fact is the fortress has shrunk over the last number of years and the storm has gotten stronger. So this is a game changer for workers rights and empowerment that will enable the fortress to start growing again. [15:56:10] Sure. Hi. I appreciate. You are very creative financial, economic policies. Very outside the box, very well. What would you do with a message? I created with the I ran from. And our share of the debt crisis we got right now. [15:56:33] I was one of the candidates who just immediately called this out as a grievous mistake because 78 percent of Americans want nothing to do with the war in Iraq. What does our Constitution say? It will be an act of Congress to declare war. And unfortunately, Congress has ceded that authority to the president over the last 19 years with the EU, and that is why we've been in a constant state of armed conflict, probably two decades accountable as our president. [15:57:01] I would pull us back from the brink of war and I ran, I would repeal the EU IMF and say it is for Congress to declare war as it was framed in the Constitution. I've signed a pledge to end the forever wars because I know Americans do not want to be a constant state of armed conflict. We spent over a trillion dollars in Iraq, six trillion dollars in the Middle East, and I've talked to hundreds, even thousands of veterans who struggle with health issues and PTSD and finding a path forward after they return. [15:57:31] We have to stop paying this price and use these resources to make our communities stronger and more whole and then reinvent, invest in diplomacy and our historic partnerships and alliances abroad. It was James Mattis who said that if you spend more on diplomats, you spend less on ammunition. And that is exactly where I would lead us. As president. [15:57:57] You look like you're more. Actually, I don't know your health care. [15:58:19] Medicare for all is a little bit confusing to some voters. Just because it's very different than Medicare for all. [15:58:27] Senator Sanders, thanks for the question. Lauren, I welcome you from California. [15:58:36] I'm for universal health care. We should have health care as a basic right of citizenship in this country. The main way I differ from Bernie and Elizabeth on this is I would not legislate away private insurance. I think that millions of Americans enjoy their plans and many through unions and enough negotiating away wages in order to have better health care benefits. So to me, it has to be for the government to provide insurance coverage to the public and then demonstrate that it is better than private plans over time to consumers. [15:59:10] But our current plan is not working. Our current health care system is not working because it's not designed to make us stronger and healthier. We're spending three point six trillion dollars on our health care twice as much as other countries or worse results. And the system is not designed to make us stronger as designed to make money for the drug companies that are most companies. The private insurance companies does a great job at those things. Has anyone here ever gotten a letter from their private insurance company? Great news. Your rates are going to be lower this year. [15:59:42] No American has ever gotten that letter because their business model is just to ratchet up prices every single year. And it's reached such an extreme that it's breaking our backs. It's the number one cause of bankruptcy on the economic front. It keeps us from changing jobs. Certainly makes it ten times harder to start a business because we don't have health care. How are you going to ever go off on your own? So this is what we need to change. [16:00:03] We need to get our health care off of the backs of families and then free us up to do the kind of work that we want to do. And I'm the numbers guy. Anyone who talks about like, how are you gonna pay for this? Doesn't know what they're talking about because we're already paid for it. We're paying for it through the nose. Higher prices, every job, the temp job, because no one wants to give you benefits. [16:00:24] There are so many prices baked into the current way we do health care that we can't help but save money as long as we get in there and have the government fighting for lower costs and higher access on the prescription drug front, too. [16:00:38] This is one of the things that voters talk to me all the time, like why the heck are prescription drugs so expensive? Why are we paying two, three, four times as much for our drugs as citizens of other countries for the same drugs that we help subsidize? And the reason we are paying so much for it is that the lobbyists are so powerful that they have kept our government from negotiating for lower prices than the American people. [16:01:00] We all do that. So I've got a five part plan to get the prescription drug prices down. Number one, of course, the government has to be able negotiate the lower prices that are have. Number two, companies cannot charge us more than they charge citizens of other countries. Very reasonable. [16:01:17] Number three, if they fail. Number two, we can forcibly license that drug. And number four, we'd have a public manufacturing facility where we can manufacture that drug. Number five, we're allowed to import drugs from other countries. You think this plan would bring prices down? This is the only way we can bring prices down because the drug companies only understand one language and that's dollars and cents. You can stand outside their buildings every day and say, do the right thing and it wouldn't matter. [16:01:42] They're going to get paid tens of millions of dollars to gouge us. And I know they're gouging us because I had a friend who's a financial genius look through the numbers of these companies and their businesses. And she said she has never seen profiteering and price gouging at this level in her life. And it's so unsustainable that she's now going to bet against those companies and support my campaign for president to try and make it right. [16:02:08] Sorry. According to your wiki page, your parents met at Berkeley. Yeah, right. And they're both from Taiwan. I would think that that would give you a unique perspective. Growing up as an Asian-American in terms of looking at the whole American promise. [16:02:23] Could you talk about that? I've never got that question. Well, I quite love it. [16:02:29] My parents this has guided students at UC Berkeley in the 60s. My father went out to get his beauty and physics when I was a kid. I thought that everyone's dad had a beauty. [16:02:38] But what's your dad's beauty? And it was like, who was BHP? Was it? [16:02:48] Tony. So I grew up one of the lone Asian kids in my upstate New York town. And this was the 80s. So there were only three TV networks and we had the fourth box. So there was like a bit of a like an American culture that I always wanted to join. And whenever there was an Asian-American on TV, I would jump up and down and run and get my family. I'd be like, look, look, you're like somebody who's on TV. And it was and it was always Connie Chung. [16:03:21] And my parents got kind of tired of getting dragged on TV. [16:03:28] So I love this country because it's given so much to my family and me and my my parents immigrated here to create a better future for me and my brother and I totally worked. I mean, I'm running for president. So there's that. But my brother is a professor. You know, like I now have a niece and two beautiful boys. [16:03:50] And I feel like my family also gave as good as it got to this country and here's what I mean. So my father ended up generating 69 U.S. patents for G.E. and IBM over his career. And when I was old enough to know what a patent was, I went to my dad. I was maybe like 13 or 14. I was like, how much do you get paid when you get there? I was like, waiting till I think about it, he said. I get paid about two hundred dollars. And I'm like, it doesn't seem like very much. [16:04:15] And he said, I also get the salaries I can feed, housing, clothe you and your brother. And I said, Oh, I understand the deal now, but I say this because I feel like that was a good deal for the country because my dad generated 69 U.S. patents for two great American companies over his career. And it was a great deal for my family. Everyone, what? So this is the American dream in action. And we have to let people know that this is still the place you want to come. [16:04:43] If you want to start a life, have a family, start a business. Do all these things that keep our country dynamic and competitive and we lose that, then we're going to really lose the edge. [16:04:54] That has helped fuel this country over the last number of decades. And as your president, it will be my pleasure to make the case to the rest of the world that this is still the place to be to live the American dream, and that if you come here, your son or daughter could wind up being president of the United States. [16:05:18] You're trying to ask a question for a while now. Oh, my kids. Yeah, sorry. [16:05:22] I was going to ask a question about that. So you had to tell it. [16:05:28] Thank you. Were looking for though. I got some questions over here. [16:05:31] This so cool that I got some numbers for you. We import nearly 90 percent of the food we eat here in Ireland. We export nearly ninety nine percent of what we grow. Our farms are getting bigger. And land prices over the last 25 years and a whole generation of people on the farm, a lot of them want to grow healthy food in their communities. [16:05:55] And they I have a prayer, the landscape. Aside from your dividend, what would you do to help rebuild rural economies and help these young entrepreneurs get out there? There's a tremendous question. [16:06:08] I've heard it here in Iowa, where the farms have got consolidated into these huge corporations and then the huge corporations have these cost advantages that make it very difficult for family farms to compete. And then if the family farm wants to pass it on to the next generation, then that creates a whole host of problems. So what we need to do is try and level the playing field so that the individual family farm has a fighting chance. [16:06:33] So I would put tax incentives in place that help balance the prices so that if you're a smaller farm, you actually can compete in some real way against the big guys that if they have these low costs, the cost advantages that we have to try and balance that out for you all, because to me, having consolidation in our agricultural production is not a positive thing for the US in my opinion. Small family farms need to be part of the process moving forward because a lot of that food. [16:07:05] You'll have different types of food being grown, much more sustainable practices and at least some cases. And ideally it can be healthier organic food that doesn't have the same processes that some of the biggest producers are using right now. But I'm a huge fan of what's happening in some of the more artisanal food communities. We need to make that more realistic, because right now the market is all for the big guys. [16:07:33] And it's not just agriculture. We could pretty much say that same story in just about any industry where like this, the big guys are just dominating everything. This is one reason. And so these are. I'm an entrepreneur. And one of the things I'm most passionate about is that people aren't able to start businesses or farms any more than a couple of generations ago. You might have started a business. But now we talk about how the Internet is enabling entrepreneurship. [16:07:57] It's not like two generations ago you might have opened a flower shop or a hardware store or a local toy store. But now none of those things make sense because they haven't done. They're just hovering over them being like, hey, you wanna sell something, others undersell you immediately. [16:08:12] And so we have to create a real pathway for people to be able to start businesses and farms and do the kind of work that they want to do. And it's not going to happen on its own because the market is becoming more and more extreme and winner take all. And this is driving our culture and this is driving our politics. This is driving a lot of our biggest problems right now. [16:08:35] Miss your daddy? [16:08:41] Sure. So the way we get the money from the Amazons and the Facebook and the Googles of the world is you have to look around at the rest of the world. A lot of the other countries have looked at the same pattern and said, how do we make sure that we don't have our biggest companies paying zero back into the economy? That's what they did, is they set up something called a value added tax, which is like a tool at the point of sale that the company can't avoid. And one of the things I love about a value added tax is you can branch it out on things that you want to target. [16:09:08] Let's call it artificial intelligence yachts and luxury watches and then you get ratcheted down or you exempt the things that everyday people consume. Let's call it diapers and milk and toilet paper. [16:09:24] And so then you can target things that, you know, are being consumed by the people who have the most or the companies that have the most. Right now, our biggest companies are playing games with our income tax system. I put it use a couple of examples just for fun. So I just commented that Jeff Bezos is worth 115 billion dollars, which he is. [16:09:45] If I wrote our guide to the income tax up to 75 80 percent, how much of his hundred fifteen billion dollars when I get next year zero is I'm not dumb enough to pay himself ten billion dollars a year. He just pays himself, you know, let's call it 10 million a year. That he has all these billions like sitting around in Amazon Holdings. So if you have this value added tax, you get the money from his trillion dollar tech company while it's coming in. [16:10:12] And then when he takes a billion dollars out of his wealth every year to buy rocket ships to Mars, which is what he does, by the way, you know, you could have a big value added tax on rocket ships to waters and then you take that money, put it in our hands, make us stronger, healthier and more excited about the future. That is the plan. There was a joke. [16:10:37] Willie Sutton, the bank robber, told you said like, why did I rob the banks? Because that's where the money is. We have to go to where the money is going. The money is not staying here in your community is. It's wrong. We have to go get it. Return it to you and everyone will win. [16:11:02] As questions over there, I feel like I don't know, he was there smiling at me. Go ahead. [16:11:13] These are just regular citizens. To happy we're having we're sitting here. We're happy there. [16:11:34] How many of you are concerned about climate change? Yes. You don't have your hand up. I don't know what to tell you. [16:11:43] The biggest frustration I have is when politicians talk about climate change, something in the future we must prevent. Climate change is already here. Climate change has been with us for years. The last four years have been the warmest year in recorded history. You all experienced historic floods that were fueled by climate change. How many of you saw the images from the wildfire in Australia right now? Does that look normal to you or others like a scene right out there the day after tomorrow? One of those science fiction writers we know you like you think about how much carbon is in that plume of smoke. [16:12:19] That's like the biggest exhaust pipe we've ever seen at a Mother Nature. So climate change is here with us right now. And instead of pretending we're going to prevent it, we have to start investing hundreds of billions of dollars to make our communities stronger and more resilient and safer right now. It will save us money anyway, because it's cheaper to build a more resilient infrastructure than it is to clean up after the disaster. And this is one thing I cannot believe Trump got right. I thought at least you would build bridges and roads and infrastructure just so he could put his name out there. [16:12:53] I was willing to accept a Trump highway just to have the highway or the bridge or the levee or the seawall or whatever it was. [16:13:02] But he just doesn't want to do. So we have to start making these investments immediately and not the communities on your own, because like you said, it's the poorest among us who are going to get hurt the most. We do need to move towards renewable sources of energy, wind and solar, and then subsidize that not just here, but in other parts of the world. But realistically, this country is only 15 percent of carbon emissions. So even if we were to go to zero tomorrow, the world would continue to warm. [16:13:31] So we have to stop pretending that we can prevent it and start acknowledging that we're on the curve right now to help make our communities stronger, safer, knowing it would create hundreds of thousands of new jobs to invest in our communities. And we should do so immediately. [16:13:51] I think it's so every time. I think that's right. So we're going to do some soul. Let's make history together in four short weeks. Thank you all so much.
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