Kevin O'Leary says free cash handouts 'ain't going to happen.' (via CNBCMakeIt)
have been discussing the idea of UBI to help level the "wealth" playing field and to help make up for jobs that could be lost to automation, O'Leary says, "It just ain't going to happen."making it his platform to give all citizens, ages 18-64, a check for $1,000 every month from the U.S. government, it's just an idea, not a solution.
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."Most people will come to the realization sooner than later that if you want to make money, you got to work. It's that simple," O'Leary says. Less incentive to work is a popular criticism of UBI . But such payments are generally seen as supplemental income.
For instance, Yang's plan to give $12,000 a year could not fully support a person — it's an income that is below the U.S poverty line, which is $12,752 per person per year for those under the age of 65, . Yang's campaign website suggests instead that people could use the money to "pay down debt, start a business, go back to school or shop at local boutiques."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
1st 'Jumanji' trailer features Dwayne Johnson, Kevin Hart on a new adventureThe first trailer for 'Jumanji: The Next Level' debuted and features a whole new adventure for the gang starring Dwayne Johnson and Kevin Hart.
Read more »
Kevin Durant Just Told You a Lot More About the Knicks Than the NetsIt feels like the Nets have won and the Knicks have lost and there’s a new sheriff in town. But is there really? williamfleitch writes
Read more »
Kevin and Danielle Jonas Celebrated Their 10-Year Anniversary With a Pic of His Proposal'Thank you for saying yes!'
Read more »
Kevin Jonas Gushes Over Wife on the 10th Anniversary of His ProposalKevin Jonas is celebrating a relationship milestone!
Read more »
Kevin O'Leary says Nike's Betsy Ross Flag Controversy is GeniusKevin O'Leary says Nike's handling 'Betsy Ross Flag' controversy in genius fashion.
Read more »
The Big Gamble on Kevin Durant’s Achilles TendonThanks to Durant’s freshly ruptured Achilles tendon and a year of rehab ahead, the question is whether the Nets paid for a version of Durant who may no longer exist come 2020
Read more »