CNBC Television
@CNBCtelevision·3.4M subscribers·157.5K videos
Kevin O'Leary: Why UBI Won't Work
Posted
June 28, 2019
Views
42,251
Likes
551
Comments
917
Engagement
3.47%
June 28, 2019
42,251
551
917
3.47%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
1:49Now PlayingAccording to "Shark Tank" star Kevin O'Leary, universal basic income, or UBI, won't work in the United States. “Money for nothin’ and your chicks for free? It never works out that way,” O’Leary tells CNBC Make It, referencing lyrics from the 1980s Dire Straits’ song “Money for Nothing.”
“The idea that you’re going to sit on the sofa and get paid to do nothing? Keep dreaming baby.”
Meanwhile, politicians like Andrew Yang and billionaires like Mark Zuckerberg and Richard Branson have suggested UBI as a way to combat the rise of AI and the potential impact it could have on jobs.
Andrew Yang has announced a plan to give all United States citizens ages 18-64 a check for $1,000 each month from the United States government. Yang’s website says if he becomes president, the payments would begin in January 2021, paid for by a VAT, or value-added tax, on automation.
» Subscribe to CNBC Make It.
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates
Find CNBC Make It. on Facebook
Find CNBC Make It. on Twitter
Find CNBC Make It. on Instagram
#CNBC
#CNBCMakeIt
#KevinOLeary
#YangGang
Kevin O'Leary: Why Andrew Yang Is Wrong About UBI
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
