Tech entrepreneur Andrew Yang raised $10 million in the past three months, his campaign said Wednesday—greatly outpacing at least two senators in the Democratic presidential race and showing that his offer of free money to supporters is paying dividends.
At the debate last month, Mr. Yang—a newcomer to politics—offered to spread $120,000 in campaign money among 10 families in what he described as a pilot program for his chief policy idea. He wants the government to pay every adult American a universal basic income of $1,000 a month to offset enormous job losses that he said will result from increased automation.
Mr. Yang, who raised about $3 million in the second quarter, raised nearly $2.3 million in the final 10 days of the quarter that ended Monday. That's more than New Jersey Sen. Cory Booker raised in the same period after saying he was on the brink of quitting the race.
All the presidential campaigns must report their fundraising details for July 1 to Sept. 30 to the Federal Election Commission by Oct. 15. Vermont Sen. Bernie Sanders said his campaign raised $25.3 million; the two other frequent polling leaders, Massachusetts Sen. Elizabeth Warren and former Vice President Joe Biden haven't yet announced their third-quarter totals.
At a 257% quarterly jump from $2.8 million to $10 million in the third quarter, Yang posted the largest percentage gain in fundraising among all Democrats to report so far, and even topped the 19% quarterly gain by President Donald Trump's re-election campaign.
To be fair, any increase from a relatively smaller starting amount, like Yang's $2.8 million, will manifest in a rather outlandish percentage gain. The same, for example, could be said about author and 2020 candidate Marianne Williamson's 100% spike to hit $3 million in third-quarter funding — an amount she first shared with Yahoo Finance. But at $10 million, Yang quietly just moved into the so-called top tier of candidates for the first time. It's just $1 million shy of the amount Harris' campaign brought in over the same quarter.
Is this the power of the yang gang.......