Silver as an investment

Doug Casey on Universal Basic Income

caseyresearch.com / June 03, 2017

Justin’s note: It’s time for a universal basic income (UBI).

At least, that’s what Mark Zuckerberg thinks.

Zuckerberg is the founder and CEO of social media giant Facebook. Last week, he spoke in favor of a universal basic income while delivering the commencement speech at Harvard’s graduation ceremony.

According to Zuckerberg, this generation owes a UBI to society:

Every generation expands its definition of equality, now it’s time for our generation to define a new social contract. We should have a society that measures progress, not by economics metrics like GDP, but by how many of us have a role we find meaningful. We should explore ideas like Universal Basic Income to make sure everyone has a cushion to try new ideas.

A UBI would have serious ramifications for society.

After reading about this, I wanted to get Doug Casey’s take on the matter. Below is a transcript of our conversation…

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