Video: Kevin O'Leary mouths off about Chris Hedges, taxes, Ayn Rand, and asset bubbles

CBC broadcaster Kevin O'Leary dropped by the Georgia Straight today to discuss his new book, Cold Hard Truth: On Business, Money & Life.

I took advantage of the opportunity to ask O'Leary, a self-described lover of money, if he thinks he should be paying more tax. The answer, of course, was "no".

I also asked why he was so obnoxious when he interviewed Chris Hedges about the Occupy Wall Street protest.

"I don't want to insult anybody," he said. "That's not what I do. But I will attack an idea that I think has no merit and is bankrupt."

The Lang & O'Leary Exchange producers said they were sorry for O'Leary's approach, but alas, he is not apologetic.

I dare you to sit through both of the videos below:


Kevin O'Leary says he wants to pay less tax.


Kevin O'Leary says he prefers Ayn Rand to Linda McQuaig.

Comments (16) Add New Comment
alexthegreat
Vile. Despicable. Pathetic. Hard to understand why harper wants to cut CBC funding when they give this man a podium.
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Sheeple
So let me get this straight this oh so great capitalist sucks of the State Funded Socialist TV Teat? How hypocritical is that?

His a throw back to the 80's the world is moving on by people like him.
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Sholivier
Really? I thought Mr. O'Leary made is arguments very well. Mr. Smith could have done a better job of conducting the interview (another microphone for starters). If this was debate class, O'Leary takes it hands down.
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uknow
This guy is the poster boy of what's wrong with our economy.
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Ke Dongshan
Mr. O'Leary speaks well, and is convincing, from a theoretical point of view. The fact is that user fees on services and ultilities would be very punishing on the poor segments of the population. Some people might argue that BC Ferry fares are a form of user fees, but actually they are a means of extra taxation for those directly using the service on top of taxes already paid to fund ownership of the utility. Also, about lowering corporate taxes to ZERO: Just because this might happen does not guarantee capital flights to Canada. The government must ensure a trained, educated and healthy population provided by -GUESS WHAT- tax dollars, or else the corporations have to pay for these to their workers. Better a little taxation and a decent rate of return than no taxes and a burden to provide own services. So, Mr. O'Leary, based on these examples alone, operates in a world of supply side textbooks and Atlas Shrugged, and not reality.
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Etvlan
Of course O'leary does not want to give up his money for taxes, he stole it fair and square.
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D. Zaster
I strongly suspect that this guy is much less rich and much less of a dealmaker than he pretends to be. He sells himself so hard - he has obviously studied Donald Trump very closely and aspires to be the Canadian version thereof. Like Trump, his primary source of wealth is his own self-created brand, not real capital in a real business. Why seek to emulate a two-bit hustler and serial bankruptcy case?

The irony is that the model of prosperity O'Leary touts ("tout" being the operative word here) - deregulation, reduction in government revenue, shifting the tax burden off corporations and wealthy people - has failed spectacularly in the United States. Rampant speculation without adequate taxation and regulation hasn't created wealth, it has destroyed it. O'Leary is a cheerleader for economic delusion and failure. But who cares about this result, as long as Kevin adds to his net worth?
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kenneyboy
I don't like my tax dollars going to a repulsive human such as O'Leary via his paycheque from the CBC. They ought to toss him, with Cherry to boot!
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Point of Order
Kevin O'Leary is a disgrace to good journalism. In his own words he "Attacks" ideas he believes have no merit. This not what a Journalist does... journalists are not rabid pitbulls. You debate an idea, you present a well documented case. You study the issue in all its myriad forms. Whether you agree with Chris Hedges POV or not... any fool can see that O'Leary was not prepared, did not know the information and had jumped to his usual conclusions. First rule of Good Journalism.... Assume you are wrong, gather evidence to prove that you are wrong and hopefully in doing so support a case that is the more truthful arguement. If you saw the Chris Hedges interview, it was embarassing. I only thank God that there are still people like Chris Hedges who can keep their cool and do their best to remain calm.
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Capitalist?
Thankfully, I only recently heard of this buffoon, thanks to the internet I rarely listen to CBC or watch it anymore. In fact, I only heard about this goof b/c of his disgusting mistreatment of Chris Hedges, which I watched on You Tube.

So I don't know his personal background. But could someone tell me, how does being a talking head on CBC qualify you to be a "capitalist". Maybe, like another "capitalist" cum TV Goof, Donald "my hairline is 2 cm from the bridge of nose" Trump, O'Leary did make his money as a financial parasite (which arguably has little to do with capitalism), may he sold widgets, but was he a 'capitalist'.
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Sounds like greed
He prides himself on his greed. Just another robber baron.

People want to know what the 99% movement is all about? The O'Leary's of the world and the laws and tax-loopholes that support them!
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Bland Rand
Didn't most people get over pop novelist Ayn Rand in high school?
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RnBram
The interviewer, Charlie Smith, ought to know that Ayn Rand would have abhorred Greenspan's abominable handling of the Federal Reserve. The manipulations of the market by the Fed & Treasury are precisely what she opposed. Printing money dilutes wealth benefiting the institutions that first receive it, and harming those small businesses at the far end of the economic distribution chain. The result is inflation. Fixing interest rates too low encourages improper investment decisions (like buying mortgages).

Charlie also suggested deregulation was a factor in the collapse of several major financial institutions. Rand would also point to the 50,000 regulations aimed at the financial industry, some of which compelled lending institutions to make mortgage loans to borrowers with a very high risk of defaulting. These were started by Carter and enhanced by Clinton, & Bush ... because that is what Leftist economists thought was good.

Kevin O'Leary is not just a talking head on CBC, he is a regular contributor to BNN and often has very good advice that is subsequently used by investment brokers and others in the financial industry.

Ayn Rand's ideas are not something one grows out of. Many young readers don't really understand them, and lose track of them in a few years. To understand Rand properly one has to grow up.
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Jack Poulter
For details of Kevin O'Leary's background read:
http://en.wikipedia.org/wiki/Kevin_O%27Leary_%28entrepreneur%29
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Ice Cream Man
REGARDING THE BALD & BAWDY BAY STREET BULLY

People with singular bottom lines are a bore and retro 80's. Kevin may have mastered greed and has even gotten himself to believe that greed is good. The root issue in people like Kevin is what they are rooted into (themselves and their own press releases & are full of themselves and something far more diabolical)

I find it laughable that he can't even enjoy how to spend well. People that focus merely on accumulation rather than consumption are not better than everyone else. They've come to the abysmal realization that possessions are toys and people are commodities (just like their investments). They rarely invest in people and don't even love material wealth.

It's the feeling of power they get that covers their deep seeded insecurity that all they have is their bottom line and in the end you can't take it more than 6 feet under.

The love of money is like drinking sea water to quench your dying thirst...
it'll only make you thirstier and it'll kill you in the end my shallow friend!

Change your brew and get some lessons in humanity and stop speaking out of your ass... the 1% always think their experts in everything

Kevin had an early childhood experience that has driven him to believe that power and control is everything. Little does he realize how he relinquished that decades ago... (visit the ice cream parlor where he had his first job)
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Taking This A Little Too Profoundly
C'mon, RnBram, "Kevin O'Leary is not just a talking head on CBC, he is a regular contributor to BNN and often has very good advice that is subsequently used by investment brokers and others in the financial industry."

Keep him the ways over on BNN and as far from insulting intelligent people. KO is propping up a system be'en fossilised in-situ

Ayn Rand is prosaic to KO; as well executed as they are wordy, Rand's tireless illustrations reinforce and reassure. The endorsement is facile; KO supports pollution, habitat destruction for cash money. Rand is accomplished and well respected, still the literature value is questionable but suits its era. It all means KO's point is too titanic!

The man is not news, so why he is on the news and not some smarty pants, I just dunno. So, nevermind Rand, KO is no economic calculus wiz, he chooses easy reading within a 7th grade reading level (drab if you ask me), and he has no hope of doing good for his country -- therefore, like any corporation who cannot do good for her country, I request the CBC Conservatives replace KO with a smarter, funnier android, or maybe just an HTC Evo. Lang is deserving of the show, she is masterful if shy. Enough is enough. Give us the two women hosts and let us have some sense on TV
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