Dr. Chhoda analyzes recent comments from Kevin O’Leary, chairman of O’Shares ETFs and investor on ABC’s “Shark Tank,” on CNBC Make It.
About an additional round of stimulus checks, O’Leary says it is not necessary. “We don’t need the $1,200 check to everybody anymore because a lot of those people have now found work again,” he says.
Do you agree?
He suggests that unemployment benefits should be at the center of the next stimulus package.
“I would like to see a $400 a week support for the next 14 months [for] anybody that’s unemployed,” O’Leary says. “If you’re unemployed because of the pandemic, we’ll support you with a few hundred dollars a week until you can find a job,” he adds.
O’Leary would support a $400 enhancement over the $600 previously provided under the Coronavirus Aid, Relief, and Economic Security, or CARES Act, which expired in July.
“I would rather people have an incentive to work if they can find it, but I don’t want them to be in a great, painful space,” he says.
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