Elon Musk Proposes ‘Universal High Income’ To Combat AI-Driven Job Losses

Elon Musk Proposes ‘Universal High Income’ To Combat AI-Driven Job Losses

‘AI/robotics will produce goods and services far in excess of the increase in the money supply, so there will not be inflation,’ the billionaire says.

Elon Musk backs ‘universal high income’ to combat AI job losses

Elon Musk turned heads Friday when he suggested that the federal government paying citizens a “universal high income” is the best way to combat AI-related job losses. “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI,” Musk said in a post on his own X platform shortly after midnight Friday morning. The proposal, which is still pinned to the top of his X account, rebuffed the…

Elon Musk Is Spectacularly Wrong About “Universal High Income”

Elon Musk is a man of extraordinary vision. He looked at the American space program, concluded that government bureaucracy had made it sclerotic and expensive, and built reusable rockets that changed the industry. He bet his own fortune on electric vehicles when the sector was a punchline and dragged it into commercial viability. He bought Twitter, renamed it X, and restored a platform that had become a censorship apparatus for progressive gatek…