[Tell It Right]

Nope. UBI is socialism in disguise.

[Skywise]

Yeahhhhh… no.

[pepsi_junkie]

Interesting that the world’s richest man is an economic illiterate.

[ClearCase_guy]

I’m not thrilled about it, but I think this is going to happen.

[House Atreides]

Elon has lots of good ideas but THIS ONE? Not so much!

[wardaddy]

Well intends tar pit

[E. Pluribus Unum]

“Universal High Income” = “Universal High Inflation”

[so_real]

100% disagree. I have a hard time believing such a smart guy could possibly think that this time around mankind will get socialism "right" and erase the entire history of failed attempts and bury the misery they've caused.

[Track9]

What a way to ruin people and country.

[Oneder]

Not no, but HELL no!

[Theoria]

Once a leftist, always a leftist. The technocrats like Musk don’t care about the commons. UBI has been pumped since Thomas Paine.

[Wayne07]

Love Musk, but no, terrible idea. Welfare destroys the soul..

[MeanWestTexan]

The best way to deal with high unemployment from AI is to expel illegal immigrants who take American jobs, ban H1-B visas, and restrict immigration to people who will create jobs other than correction officer positions.

[lee martell]

Richard Nixon was promoting the idea of a UBI type system back in 1969. “Family Assistance Plan”; a form of guaranteed income was passed by the house, but ultimately abandoned in 1972 after being derailed by conservative opposition.

The plan (aprox. $1600. annually in 1969 dollars) was to replace Johnson’s flawed welfare system with a minimum income for families, but it was killed due to political pressure and concerns over dependency.

[MeanWestTexan]

What will happen is a sudden increase in value of hand made unique items and historical items. People must conspiciously consume in some manner, and this is how.

The second thing that will happen is what happened in Gilded Age — a return of formal dining and complex cultural ceremonies, plus ample servants, with servants being extremely well-paid and educated (which was the case of a butler, for example. That’s a management position that would probably pay $500,000 today. Not exactly “service” as we think of things..

[Mariner]

Musk underestimates murderous human nature.

Great civil wars will be fought over this.

[vpintheak]

Looking WAY into the future, he’s probably right. AI and then robotics will be taking over most jobs. That is the reality of where we are heading.
What are people going to do for income? It is a serious question.
I understand there will be jobs around, but not in the scale we have today.

[pangaea6]

Maybe in 500 yrs but not in our life time

[nitzy]

I hope they send checks for a million dollars to each resident of the U.S. each month. That will help us buy stuff we need.

....on second thought, scratch that. I hope the checks are for 10 million dollars. Then we can buy 10 times more stuff.

[Momaw Nadon]

UBI or UHI may not be the best solution, but what are we all going to do when the cost of human labor goes to zero?

Perhaps invest in AI and robotics companies and live off of the dividends?