Universal Basic Income or UBI is a system of income distribution in which the government gives all its citizens the same fixed amount of money on a monthly basis, regardless if they are working or not, or whatever their level of income is. Due to the impending threat of mass unemployment resulting from widespread automation, the feasibility of UBI as a solution has steadily been gaining popularity, particularly from notable personalities whose opinions and views are held in high esteem.
Among the known advocates of UBI is Tesla (NASDAQ: TSLA ) boss and SpaceX CEO Elon Musk, who just recently […]
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