Category: Basic Income

In an interview with CNBC in November, Tesla CEO Elon Musk joined a growing list of tech executives who support universal basic income as a possible solution to the widespread unemployment that automation will likely cause.

Universal basic income is a system in which all citizens receive a standard amount of money each month to cover basic expenses like food, rent, and clothes.

On Monday, Musk doubled down on his initial support for the concept."I think we’ll end up doing universal basic income," Musk told the crowd at the World Government Summit in Dubai, according to Fast Company . "It’s going […]

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Decentralized power enables greater policy experimentation. The monolithic federal bureaucracy of the United States makes these types of experiments less likely than they would otherwise be if the federal government had less power relative to the states. Laboratories of Democracy

Justice Louis Brandeis, U.S. Supreme Court, 1932, New State Ice Co. v. Liebmann To stay experimentation in things social and economic is a grave responsibility. Denial of the right to experiment may be fraught with serious consequences to the nation. It is one of the happy incidents of the federal system that a single courageous State may, if its […]

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Elon Musk at the World Government Summit 2017 in Dubai. Image: Business Insider. On Monday 13, Elon Musk said implementing universal basic income (UBI) would be necessary sooner than later at the World Government Summit .

The Tesla executive believes automation will bring about a significant employment gap. As a result, countries will have to compensate those left without jobs with an economic support system that fulfills all basic needs.

Universal basic income is a solution to an issue foreseen since the industrial revolution, but nowadays more and more workers are seeing themselves displaced by machines capable of doing their […]

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Every year since 2013, the world’s most powerful leaders and forward-thinking innovators have gathered in the city of Dubai in the United Arab Emirates for the World Government Summit, an event dedicated to helping mold the governments of the future. Attendees work together to identify potential problems and then determine ways that today’s technology can be used to alleviate those challenges.

Past events have featured such speakers as U.S. President Barack Obama and World Economic Forum Founder Professor Klaus Schwab, and this year, everyone’s favorite tech visionary Elon Musk leant his expertise to the proceedings.

In a plenary session appropriately titled […]

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India, the nation of over 1.25 billion people, till recently was the fastest growing economy of the world. However, the fact that it is home to the world’s largest poor population is also a reality. As per official government statistics, 22 percent of the population in India lives below poverty line, but as per World Bank estimates the ratio hovers around 30 percent. In a survey conducted during 2011-12, it was observed that nearly half of the Indians survived on less than Rs 38 a day. A very grim scenario indeed.

Ironically, despite being a trouble-torn region, JK’s poverty rate […]

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SpaceX and Tesla CEO Elon Musk was in Dubai to launch Tesla in the United Arab Emirates at the World Government Summit Monday. The South African billionaire inventor was interviewed onstage and gave his opinion on aliens, artificial intelligence, universal basic income and the future of humanity. Below are some highlights.

Universal basic income will solve the economic problems caused by automation. However, the existential problems that come from a world with few workers will be harder to solve, Musk said . "There will be fewer and fewer jobs that a robot cannot do better. I want to be […]

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The rise of the autonomous car is likely to drive us to a universal basic income says, Elon Musk — and we’re going to need it soon.

During a talk at the World Government Summit Monday in Dubai, Musk said that despite the convenience of autonomous cars, the technology will disrupt a huge portion of the global workforce. He thinks that universal basic income is going to be necessary and that we’re going to need it within 20 years of the first fully autonomous car hitting the road.

“There will be fewer and fewer jobs that a robot cannot do better,” […]

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http://www.socred.org/index.php/blogs/view/the-big-difference-between-a-basic-income-and-the-national-dividend

It seems that more and more people in various countries are starting to take proposals for the introduction of a basic income quite seriously.

According to the bien network: "A basic income is an income paid by a political community to all its members on an individual basis, without means test or work requirement." Cf. http://www.basicincome.org/bien/aboutbasicincome.html#faqThe Social Credit proposal of a National Dividend can also be defined as ‘… an income paid by a political community to all its members on an individual basis, without means test or work requirement.’However, the National Dividend must not be confused with a basic […]

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Elon Musk has come under fire recently for his decision to remain on Donald Trump’s economic advisory council and his views concerning unionization . On Wednesday, however, he was focused on the future. Speaking at the World Government Summit in Dubai, Musk addressed a wide array of issues that civilization will face in the next hundred years, including how to handle artificial intelligence and the mass unemployment that will result from automation.

"One of the most troubling questions is artificial intelligence," Musk said when asked about the challenges civilization is set to face in the near-future. "Deep artificial intelligence, or […]

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