Johann Rupert backs universal basic income grant

Speaking to journalists at the release of Richemont’s year end results in Zurich, Rupert – whom the Zupta faction has sought to demonise as the face of so-called white monopoly capital – said he backs government’s introducing universal basic income for all citizens to cope with the economic upheaval sweeping the world, the FTWeekend reported on Saturday.

The FT says this idea has moved from the radical fringes of economics to mainstream with backers arguing “that universal basic income could help manage the social disruption being caused by rapid technological change‎, allow people to pursue what they really want to […]

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