Elon Musk doubles down on universal basic income: ‘It’s going to be necessary’

Elon Musk doubles down on universal basic income: 'It's going to be necessary'

Asa Mathat | D: All Things Digital In an interview with CNBC in November 2016, Tesla CEO Elon Musk joined a growing list of tech executives who support universal basic income as a possible solution to the widespread unemployment automation will likely cause.

Universal basic income (UBI) 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 February 13, Musk doubled down on his initial support for the concept."I think we’ll end up doing universal basic income," Musk said to a packed crowd at the World […]

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