1 00:00:00,080 --> 00:00:03,040 Speaker 1: At Stifle, we believe investment advice is about more than 2 00:00:03,080 --> 00:00:06,280 Speaker 1: helping you manage your wealth. Our investment advice is about you. 3 00:00:06,720 --> 00:00:09,880 Speaker 1: It's about realizing your dreams may become a reality because 4 00:00:09,920 --> 00:00:12,880 Speaker 1: you have a plan. We believe in you. Find your 5 00:00:12,880 --> 00:00:15,720 Speaker 1: new Stifle financial advisor at stifle dot com. That's s 6 00:00:15,760 --> 00:00:18,480 Speaker 1: T I F E L. Stephen Nicholas and Company Incorporated 7 00:00:18,520 --> 00:00:20,040 Speaker 1: member s I P C and n Y s E. 8 00:00:20,560 --> 00:00:24,200 Speaker 1: Chicago Mayor ram Immanual is implementing a pilot program has 9 00:00:24,239 --> 00:00:27,040 Speaker 1: become a huge fad in liberal cities. The program will 10 00:00:27,040 --> 00:00:30,720 Speaker 1: hand out a thousand dollars in checks one thousand dollar 11 00:00:30,840 --> 00:00:35,199 Speaker 1: checks to select in Chicago recipients every month, no strings attached. 12 00:00:35,560 --> 00:00:38,879 Speaker 1: The handout is called universal Basic income you b I. 13 00:00:39,120 --> 00:00:43,199 Speaker 1: It's supposed to break the cycle of poverty. Chicago will 14 00:00:43,200 --> 00:00:46,239 Speaker 1: pay for the new welfare handouts with city funds. In 15 00:00:46,280 --> 00:00:51,120 Speaker 1: other words, UBI money is coming from unsuspecting taxpayers. Now, 16 00:00:51,120 --> 00:00:57,360 Speaker 1: according to news reports, cash will also come from philanthropic dollars. Translation, 17 00:00:57,680 --> 00:01:02,040 Speaker 1: Chicago's UBI is getting in on the liberal nonprofit gravy 18 00:01:02,080 --> 00:01:06,480 Speaker 1: train big money from the big far left activist organizations. 19 00:01:06,920 --> 00:01:11,360 Speaker 1: Now this scamp sorry social welfare experiment has been tried 20 00:01:11,400 --> 00:01:16,560 Speaker 1: before January, Finland adopted a universal basic income program, but 21 00:01:16,600 --> 00:01:20,040 Speaker 1: after two years of not breaking the cycle of poverty, 22 00:01:20,040 --> 00:01:24,600 Speaker 1: it was shut down. Finland admitted it failed, and that's 23 00:01:24,760 --> 00:01:28,400 Speaker 1: what Chicago's hair brained UBI plan is destined to do. 24 00:01:28,600 --> 00:01:33,160 Speaker 1: It'll also fail because socialism never works, no matter what 25 00:01:33,319 --> 00:01:35,520 Speaker 1: you call it, no matter how you disguise it, no 26 00:01:35,560 --> 00:01:38,319 Speaker 1: matter how you try it, it blows up on you.