You may have heard rumblings of the policy idea known as “universal basic income.” This is the notion that the government should give every citizen enough no-strings-attached money to cover basic living expenses.
In the last year alone, Mark Zuckerberg called on Harvard’s graduating class to “explore ideas like universal basic income,” Elon Musk told a gathering of world leaders in Dubai that “some kind of universal basic income is going to be necessary,” and President Obama remarked that universal basic income is a subject we’ll be debating “over the next 10 or 20 years.”
Universal basic income, or UBI, has become downright trendy in Silicon Valley. The idea is gaining unprecedented traction right now.
Silicon Valley elites won’t be paying this bill however, you will Mr. & Mrs. California taxpayer. Before you complain too much, remember, this is the government you’ve elected. Your actions at the ballot box have consequences.
Source: LA Times