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…