One of the biggest VC’s in Silicon Valley explains how basic income could fail in America

One of the biggest VC's in Silicon Valley explains how basic income could fail in America

Getty Images Sam Altman is putting a lot of faith in the idea that giving people free money will make them happier and healthier, but that doesn’t mean he’s betting it all.

Altman is the president of Y Combinator , Silicon Valley’s largest startup accelerator. Beginning in 2017, he and a group of YC researchers are launching an experiment in Oakland, California, where roughly 100 families will get $2,000 a month.

The goal is to capture data that reveals if free money on a regular basis (known as a basic income) really does help people escape poverty and live healthier lives.Enormous […]

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