Democratic presidential candidate Andrew Yang Andrew YangDoctor who allegedly assaulted Evelyn Yang arrested on federal charges The Hill's Campaign Report: Biden weighs in on police shootings | Who's moderating the debates | Trump trails in post-convention polls Buttigieg launches his own podcast MORE offered a yearlong $1,000 monthly payment to a contest winner during an appearance on "The Late Show with Stephen Colbert Stephen Tyrone ColbertColbert implores Pelosi to update 'weaponry' in SCOTUS fight: 'Trump has a literal heat ray' The Hill's Morning Report - Sponsored by Facebook - Washington on edge amid SCOTUS vacancy Juan Williams: Democrats need to bury their divisions MORE" as a test run to his universal basic income plan.

Yang announced the contest Monday night, four days ahead of the first Democratic presidential debate he'll appear in.

To enter, a Twitter user must retweet the tech entrepreneur's contest announcement and follow him by July 4.

"Let's show why money is the answer & why this is the campaign for the people," Yang tweeted.

I will give $1,000/mo for the next 12 months FREE to someone who retweets this and follows me by July 4th Let's show why money is the answer & why this is the campaign for people. No purchase necessary. US citizens only. https://t.co/ie7DMHJ86X — Andrew Yang (@AndrewYang) June 25, 2019

This will be the third pilot "Freedom Dividend" for Yang, according to his campaign. He gave two others to voters in Iowa and New Hampshire.

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Freedom Dividends are a key, and unique, aspect of Yang's campaign. His bid for the presidency is rooted in his proposal for a universal basic income.

The plan would give every American, regardless of income, a $1,000 dividend each month. Yang says it would help American workers adjust to a shifting workforce as automation will leave many jobless.