With amazing strides being made in the fields of Robotics and Artificial Intelligence (AI), there is the very real possibility of massive social upheaval as more people lose their jobs to more efficient and productive smart machines. Some studies predict job losses of up to 50 percent by 2030, which would not bode well for tax revenue generation and social program sustainability.
A radical solution being proposed by Facebook’s Mark Zuckerberg, Tesla’s Elon Musk and Microsoft founder Bill Gates, among others, is the concept of Universal Basic Income (UBI). Under this concept all Americans would be guaranteed money each month […]
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