QUESTION: What is your opinion of Elon Musk and Mark Zuckerberg idea of universal income?
ANSWER: The idea of free money being touted by Elon Musk and Mark Zuckerberg only demonstrates that they know nothing about humanity or economics. They see universal free money as a cushion for workers whose jobs might be replaced by automation or robots. They argue that free money could provide workers with the flexibility to retrain for a new career, pursue creative interests, or start their own business.
If we are talking about a temporary benefit during a retraining period, then that is an entirely […]
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