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Billionaire Richard Branson weighs in on free cash handouts

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CBNC
August 17, 2017

Billionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology.

“With the acceleration of [artificial intelligence] and other new technology … the world is changing fast,” Branson writes in a post published this week.

“A lot of exciting new innovations are going to be created, which will generate a lot of opportunities and a lot of wealth, but there is a real danger it could also reduce the amount of jobs,” he says.

“This will make experimenting with ideas like basic income even more important in the years to come.”

Billionaire Tesla and Space X CEO Elon Musk says universal basic income will be a virtual necessity as technology replaces jobs that humans currently do.

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This article was posted: Thursday, August 17, 2017 at 4:48 am





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