The "Freedom Dividend": Inside Andrew Yang's plan to give every American $1,000

(CBS)

Go to an Andrew Yang campaign event and he'll tell you that, should he be elected president, he'll have the federal government give you $1,000 a month, $12,000 a year, no questions asked.

In reality, it might not be that simple.

Yang's signature policy proposal, the "Freedom Dividend," is a plan to provide what's called a universal basic income (UBI) of $1,000 a month to every American after they turn 18. But his policy asks Americans who already receive certain types of government assistance to forgo their benefits in order to receive cash payments. That particular requirement has raised eyebrows as Yang continues to inch up in the polls, drawing increased scrutiny from the media and voters in the process. Read more