Category: Basic Income

As The Threat Of Mass Unemployment Looms, Tesla’s Boss Says Universal Basic Income Is ‘Going To Be Necessary’ (TSLA)

As The Threat Of Mass Unemployment Looms, Tesla’s Boss Says Universal Basic Income Is ‘Going To Be Necessary’ (TSLA)

At the recent World Government Summit held in Dubai, Tesla ‘s (NASDAQ: TSLA ) CEO Elon Musk was given the opportunity to share his views and insights on some of the most pressing global issues and what the world can do to overcome the forthcoming challenges. In a session entitled “A Conversation with Elon Musk,” he touched on several topics including electric cars, sustainable energy generation, living in Mars, brain implants and space flights becoming as common as a plane ride. His most notable comments were the ones on artificial intelligence (AI), and automation.

On AI, Musk reiterated the threat […]

Guaranteed basic income for all: An idea whose time has come?

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Dependent women would become financially independent. People would be freed to care for the elderly, crime would fall and the general health of the population would improve. Particularly in an era of fears about future mass unemployment caused by automation, there is a growing feeling that this citizens’ basic income is an idea that’s time has come.

Scotland is at a useful crossroads for such an experiment because it will have a new social security system after a number of benefits are devolved from London over the next couple of years. The citizens’ basic income has long been a policy […]

Universal basic income: Money for nothing or efficient equalizer?

Universal basic income: Money for nothing or efficient equalizer?

(Unsplash/public domain) Economists, philosophers and political thinkers have long pondered how to end poverty. Lately, an old idea has taken on new life. A universal basic income (UBI) is an unconditional, regular cash payment from the state to every citizen. Proponents see it as a safety net for anyone battered by the fast-changing, globalized economy. Some in Silicon Valley have taken a shining to the proposal, seeing it as a way to stymie inequality should robots take our jobs .

The idea has been around a lot longer than robots, though. In 1516, in his political treatise Utopia , Sir […]

Can Universal Basic Income Fix America’s Inequality? | Jeffrey Sachs

Can Universal Basic Income Fix America’s Inequality? | Jeffrey Sachs

Big Think

Published on Feb 15, 2017

Can’t the U.S. be a little more like Scandinavia in its ethos? Fixing inequality in America will take more than economic reform, it will also need a cultural shift. From a human rights and decency standard, everybody in a society should be able to meet their basic needs, says economist and Columbia professor Jeffrey Sachs – but he questions whether a popular proposal known as Universal Basic Income (UBI) is the way to achieve a better standard of living in the U.S. Sachs is the author of Building the New American […]

Tesla boss Elon Musk backs a ‘basic income’ for everyone because robots will take away our jobs…[tr]

Tesla boss Elon Musk backs a 'basic income' for everyone because robots will take away our jobs…[tr]

Full title: Tesla boss Elon Musk backs a ‘basic income’ for everyone because robots will take away our jobs leaving us without any ‘meaning’ in our lives

We can always drive one of his exploding cars into oblivion, yes? Never mind this old refrain of the left about robots.

I suggest we start with Elon Musk and put him on a “basic income.”This guy has milked the taxpayers enough.If no one is working, no one is producing, and no one deserves to be paid, and no one can buy anything.It will never get to 100% of jobs done by robots, […]

Elon Musk says universal basic income will be necessary as robots take your jobs

Elon Musk says universal basic income will be necessary as robots take your jobs

Billionaire entrepreneur Elon Musk has some grim opinions when it comes to the future of automation. (AP Photo/Ringo H.W. Chiu, File) Billionaire entrepreneur Elon Musk has some grim predictions when it comes to the future of automation.

While speak at the World Government Summit in Dubai this week, Musk warned that a universal “basic income” will become necessary as people’s jobs are increasingly replaced by robots.

“There will be fewer and fewer jobs that a robot cannot do better,” Musk said, according to Fast Company . “I think some kind of universal basic income is going to be necessary.”But Musk took […]

United States (San Francisco): Sean Kline speaks at sold out event on Universal Basic Income

United States (San Francisco): Sean Kline speaks at sold out event on Universal Basic Income

On January 23 rd , Sean Kline , Director of the San Francisco Office of Financial Empowerment , spoke at a Questions & Answers event where he discussed his ideas for universal basic income (UBI) pilots in San Francisco, as well as other cities across the United States. Kline was hosted by Jim Pugh, the co-director of the Universal Income Project , and they spoke at the Covo center in San Francisco.

“We’re at a galvanizing moment for cities to think more creatively about how they can generate revenue for really progressive policies,” Kline said. His speech focused on implementing […]

Universal basic income: money for nothing?

Universal basic income: money for nothing?

As technology developers rush to create ever more sophisticated machines to replace a wide range of jobs, a new dream for society is gaining momentum.

That dream is based on the concept of a “universal basic income” whereby every citizen receives a guaranteed income to cover basic needs, that is unconditional and has no strings attached.

The concept is currently being spearheaded by the entrepreneurs and technology giants of California’s Silicon Valley, but the idea has a long history of proponents on the left and right of the political spectrum. Free money? What’s not to love? For those on the […]

Basic Income Might Fix America’s Inequality – But There’s a Surer Way

Basic Income Might Fix America’s Inequality – But There's a Surer Way

From a human rights and decency standard, everybody in a society should be able to meet their basic needs, says economist and Columbia professor Jeffrey Sachs – but he questions whether a popular proposal known as Universal Basic Income (UBI) is the way to achieve a better standard of living in the U.S. At its simplest, UBI is an unconditional base salary that is paid to all citizens of a society, no matter their employment status, current wealth, attempts to gain work, and regardless of how they intent to spend it. Sachs sees the value in the idea, but […]

Tesla boss Elon Musk backs a ‘basic income’ for everyone because robots will take away our jobs leaving us without any ‘meaning’ in our lives

Tesla boss Elon Musk backs a 'basic income' for everyone because robots will take away our jobs leaving us without any 'meaning' in our lives

Tesla CEO Elon Musk has doubled down on his support of a universal basic income as a possible solution for unemployment caused by the rise of machines equipped with artificial intelligence taking over the workforce.

A universal basic income would give a standard amount of money to every citizen to cover basic expenses like food and living costs each month.

At the World Government Summit in Dubai on Monday, Musk told a crowd that universal basic income is ‘going to be necessary’ in the future. Tesla CEO Elon Musk told a crowd at the World Government Summit in Dubai on Monday […]