Andrew Yang Kicks Off Democratic Debates With Promise of $120K Giveaway

If elected president, Yang has proposed what he calls a "Freedom Dividend," something he says would address poverty and help Americans cover basic needs.

Businessman Andrew Yang is announcing plans to give away $1,000 a month to 10 families over the next year as part of his effort to prove the efficacy of his universal basic income campaign proposal.

Yang said during Tuesday night's Democratic primary debate that he will randomly choose 10 families to receive $12,000 over the next year that will come from his campaign funds. If elected president, Yang has proposed what he calls a "Freedom Dividend," which would give every citizen 18 and older $1,000 each month, something Yang says would address poverty and help Americans cover basic needs.

He has already started distributing funds to two families in the early primary states of Iowa and New Hampshire, as well as another family in Florida that was selected via Twitter.