An Interesting Argument for Universal Basic Income from A Brilliant Man
Okay, so this is something I don’t necessarily support, but I can understand the thought process with this.
You’ve heard of the idea that’s been proposed by dumbicrats of a universal basic income where the government just magically gives money to everyone in the country.
Knowing the Democrats though, this money would go to immigrants who aren’t even citizens of the country and people would be crossing the border in droves that we’ve never seen.
I consider Elon Musk to be one of the smartest men on the planet when it comes to ideas, technology, and innovation and I recently heard him make an argument for a universal basic income which sort of makes sense.
He said that ultimately, we may not have a choice because there will be so much automation.
“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation,” Musk told CNBC. “Yeah, I am not sure what else one would do. I think that is what would happen.”
And Musk isn’t the only Silicon Valley titan to surface the idea.
Billionaire Facebook founder Mark Zuckerberg has indicated his support for universal basic income as a way to inspire more entrepreneurial creativity.
“Let’s face it: There is something wrong with our system when I can leave [Harvard] and make billions of dollars in 10 years, while millions of students can’t afford to pay off their loans, let alone start a business,” Zuckerberg said in his May 2017 commencement address at his alma mater. “Now it’s our time to define a new social contract for our generation. We should explore ideas like universal basic income to give everyone a cushion to try new things.”
So the way I see it, it’s going to have to be these companies like Facebook, Tesla, Google, Amazon, etc. that are going to have to take the brunt of this idea though because we can’t just print magic money every month for a basic income without wrecking our economy due to hyper-inflation.
So again, not saying I’m in favor of a universal basic income, but I can say that this is at least a plausible case in which it could become necessary.