Former presidential candidate Andrew Yang didn’t succeed with the Democrats in his bid for the White House, but now it seems he has a new plan — for a new party.
The business leader will announce the start of a new political party in October in coordination with the release of his new book, “Forward: Notes on the Future of Our Democracy,” reports Politico.
Yang rose to prominence primarily as a result of his idea that all Americans should receive a universal basic income, an issue that intrigued voters in 2020 but ultimately failed to get him the votes to win the nomination.
He has been a controversial candidate from the start.
“Andrew Yang’s whole schtick was the Davos-nonsense idea that robots are going to take our jobs so we need a universal basic income,” said Matt Stoller of the American Economic Liberties Project. “A few years later there’s a massive labor shortage disproving Yang’s whole theory, so he’s moved on to third party and crypto bro flexing.”
Yang’s publisher describes the new book as “a lively and bold blueprint for moving beyond the ‘era of institutional failure’ by transforming our outmoded political and economic systems to be resilient to twenty-first-century problems, from the popular entrepreneur, bestselling author, and political truth-teller.”