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The People's Bank would be similar to a public bank.

arrow Shaun Donovan speaks in the Bronx during a virtual announcement of his candidacy for the 2021 New York City mayoral campaign Bebeto Matthews/AP/Shutterstock Giving cash payments to the poor has become the latest hot policy idea bubbling up from both progressives and conservatives across the country. In New York City, Andrew Yang, the former tech entrepreneur, jumped into the mayor's race by pledging to give roughly $2,000 a year to half a million of the city's lowest-income residents, a scaled-back version of a Universal Basic Income plan he introduced during his president...

Why Giving Cash To The Poor Has Become The "Hot Ticket" In NYC's Mayoral Race arrow NYC Mayoral candidate Andrew Yang speaks during Martin Luther King celebration at Al Sharpton’s National Action Network in Harlem. Lev Radin/Pacific Press/Shutterstock Of all the policy ideas being hashed out in this year's race for New York City mayor, none has animated progressives more than using unconditional cash payments as a way of alleviating poverty. During his presidential run, Andrew Yang became one of the biggest evangelists for the concept, calling on the federal governme...