Bill Gates (Gus Ruelas/Reuters)
Bill Gates isn’t opposed to giving people money for free — particularly as a means to lift them out of poverty — but he doesn’t think universal basic income (UBI) is ready for public use quite yet.In a February 27 AMA on Reddit , the philanthropist and co-chair of the Gates Foundation responded with some hesitation to a question about UBI, a system of income distribution in which everyone receives a set amount of money regardless of job or income level.
Proponents of UBI claim the system could close gaps in equality , as everyone’s […]
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