Mag 7 sell-off, Wiz rejects Google, UBI, Kamala in, China's nuclear buildout, Sacks responds to PG

1747.607 - 1768.502 Chamath Palihapitiya

Yeah, no, I don't really buy that. And so I think this whole idea of UBI is premature and very expensive, and it doesn't work. I mean, I think what we saw from the study, just to echo what Freeberg said, is that cash transfers don't work. We saw this in the Great Society, just handing people money doesn't solve poverty. It actually traps people in conditions of dependence.