Gates: World Isn’t Ready For Universal Basic Income System

Gates: World Isn't Ready For Universal Basic Income System

Bill Gates (AP Photo/Grigoriy Sisoev) Bill Gates, one of the world’s richest man with a net worth of $81 billion, thinks nations – including the United States – are not wealthy enough yet for a universal basic income system that would give everyone a set amount of money.

In a Reddit "Ask Me Anything" conversation Monday, the philanthropist and co-chair of the Gates Foundation was questioned about what he thought about a UBI, which some have argued would close gaps in equality.

"Over time, countries will be rich enough to do this; however, we still have a lot of work that […]

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