Universal basic income is a dangerous delusion

Universal basic income is a dangerous delusion

As artificial intelligence drives fresh excitement in the tech world, major figures such as Elon Musk are reviving an old political fantasy: universal basic income. The idea has drawn support from a strange coalition, from progressive politicians like Andrew Yang to libertarian thinkers like Charles Murray.To its advocates, UBI is the obvious answer to a future in which machines displace human labor. But beneath the sleek language of innovation …

AI-based unemployment and UBI: my thoughts – Grey Enlightenment

The topic of UBI has yet again gained traction after Elon Musk floated what he calls “Universal High Income”. “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 idea that such payments would be inflationary. “AI/robot…