What are your thoughts on the notion of the Universal Basic Income (UBI)?

Elon Musk has mentioned the idea of having a UBI as technology begins to take over the tasks that can be done by machines. Hawaii has also been working on passing a law that introduces a UBI for the state. Already we see bank tellers being replaced by the ATM and cashiers replaced by self check-out lines. Do you see the UBI as something we must do in the future? Is it sustainable? Will it create a huge tax burden? Can you think of any real world examples where this works? Thank you.

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  • Shane Barker
    published this page in Ask Prof. Wolff 2017-06-16 13:13:43 -0400