Democratic 2020 presidential hopeful Andrew Yang, a New York City entrepreneur, made the case Tuesday for his “universal basic income” plan.

Yang said his plan would give every American $1,000 “because we’re in the midst of the greatest economic and technical transition in the history of the country.”

“It helps give tens of millions of Americans a real path forward,” he explained on CNN’s “New Day.” “The thing that excites me the most is you can see that it would improve people’s health, nutrition, it would elevate graduation rates, it would improve people’s mental health. But it’d help people make transitions in a time of historic change.”

He added, “[W]e need to make this kind of move because if you have things like artificial intelligence. Right now, our income tax system will do a very, very poor job of getting some of those resources in the hands of the American people.”

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