Billionaire Richard Branson thinks America should give out free money to fix inequality

Billionaire Richard Branson thinks America should give out free money to fix inequality

Tom Dulat / Getty Images for CNBC Richard Branson thinks the US and Europe should start giving citizens free cash.

He’s a supporter of universal basic income — a living wage provided by a nation’s government to all its people.

"I think with artificial intelligence coming along, there needs to be a basic income," Branson told The New York Times on Saturday. Richard Branson is an advocate of universal basic income. Recommended Video: Now Playing:Sir Richard Branson, billionaire mogul who started the Virgin companies, recounts the Obama’s vacation to his private island in his new book. […]

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