Yang’s basic income program would start by providing $2,000 a year to half a million New Yorkers in extreme poverty. Participants would receive the cash through monthly transfers to a bank account opened in their name at a newly-created “People’s Bank.” His most detailed policy focuses on reviving the city’s small businesses. He pledged to open 15,000 small businesses by 2022 and also offered a bevy of unconventional ideas, including buying heaters in bulk and then selling them to restaurants that are serving customers in the frigid outdoors as indoor dining remains shut. He also suggested the city make an investment in Cinch Market, a Brooklyn startup that brings together small businesses on one online platform, whose tagline is “Shop Brooklyn Not Bezo$.” Yang, 46, whose two kids attend public school in the city, also said he wanted to subsidize broadband for schools, expand the city’s universal preschool program, and reform the school system’s admissions process. “There will be no recovery without schools being open and teaching children safely every day,” he said.
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