This Universal Basic Income is another language for "communism".
Now I will say, I did some reading on the subject simply because it was so inherently against my principles that I wanted to be informed. There is an argument in high wage government locations like Canada that such a program actually cuts out so many administrative and government middle men, along with overlap and abuses, that it CAN (I say can as I have to be leery of what some are selling) be cheaper than giving people welfare, disability. Old Age benefits (thats what we call them in Canada at least) etc.
If this is truly the case, than it can be a good idea. I think Finland tried it and abandoned the idea, so if those experienced socialists can't pull it off, what are the chances America can? We are also doing a test run in Ontario, not surprising...
Oh, one other point, I didn't hear the speech but I did read someone quite him as saying "right wing billionaires". Now it may have been a shot at Trump, but I can say, he was in bed with many left-left billionaires. So if he is one again denouncing wealth, while he himself being paid gobs of money and rubbing shoulders with great wealth, it's insulting.