Facebook CEO Mark Zuckerberg is one of the Silicon Valley leaders advocating for a universal basic income to be implemented as a result of automation displacing more workers. (Nam Y. Huh / AP) With figures ranging from 33-year old Facebook Chief Executive Officer Mark Zuckerberg to 90-year-old Nobel Prize -winning economist Vernon Smith endorsing a universal basic income, the idea may soon enter the U.S. political mainstream. But Americans are being sold on a dangerous version of the UBI, designed as a resource rent rather than a product of social consensus.
Smith recently wrote an op-ed for the Wall Street […]
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