Yang to give $1,000 a month to Twitter user on Colbert

Yang to give $1,000 a month to Twitter user on Colbert
© Greg Nash

Democratic presidential candidate Andrew YangAndrew YangHillicon Valley: FCC approves T-Mobile-Sprint merger | Dems wrangle over breaking up Big Tech at debate | Critics pounce as Facebook's Libra stumbles | Zuckerberg to be interviewed by Fox News | Twitter details rules for political figures' tweets Saagar Enjeti: No question, Andrew Yang won Ohio debate Third-quarter fundraising sets Sanders, Warren, Buttigieg apart MORE offered a yearlong $1,000 monthly payment to a contest winner during an appearance on "The Late Show with Stephen ColbertStephen Tyrone ColbertSusan Rice blasts Trump as 'total sell-out' for saying Kurds are 'more of a terrorist threat' than ISIS Susan Rice calls Trump decision to pull troops from Syria 'batshit crazy' Michelle Obama to release companion book to 'Becoming' 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.

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.