This morning, I read an article on CNBC where the CEO of Tesla and notable entrepreneur whom I had always admired as an engineer, Elon Musk, advocated that there should be universal basic income (UBI) for people. He posited that it would lower the risk of backlash against the technology sector. Elon Musk at Tesla facility in Fremont, CA In spite of my admiration for Mr. Musk’s Tech skills, I believe that such a policy is going to be disastrous for the U.S. economy and even for the technoloyg sector in the long term. In fact, I am surprised […]
Full Post at www.ebnonline.com