Mark Zuckerberg doubles down on universal basic income .....

BusinessInsider.com ^ | Jul. 5, 2017 | Chris Weller

[boycott]

During his commencement speech at Harvard, Facebook CEO Mark Zuckerberg called for exploring a system of wealth distribution known as "universal basic income."

Under basic income, all citizens would receive a standard amount of money each month to cover basic expenses like food, rent, and clothes. Advocates say the system is one of the surest ways to lift people from poverty, since it would provide immediate assistance with no strings attached.

[Tax-chick]

The theory is that the Universal Basic Income would replace all other government assistance. If it were a spherical basic income in a vacuum - $X to each living individual period, nothing follows - it would be a huge money saver.
All the “helping people” employees would have to find genuinely productive work. There would be no incentive for stupid life choices, only the “floor” that would prevent absolute destitution.

However, everyone knows that’s nonsense. As soon as one recipient spent his income on drugs while his child starved, we’d have to crank up the whole bureaucracy again, and inflation would wipe out the value of the UBI.

[E. Pluribus Unum]

That’s basically what they did in Venezuela, and now Venezuela has a 1,000,000% inflation rate.

[ExTexasRedhead]

Liberalism is a mental disorder; just more proof positive.

[boycott]

These are all good and tough questions. Maybe Zuckerberg can take a few minutes to answer after address shareholders that have lost billions of dollars in a day.

[Clutch Martin]

Let’s try it in Russia, or Germany and see if it works!

[x]

I guess it’s good that he’ll have that to fall back on ...

[editor-surveyor]

.
This would work if all who receive “assistance” must sign away their right to vote!
.

[Bob434]

K Mark- give your money away and live on $12,000 like hte rest of us will have to do when we all have universal income- oh wait- you didn’t mean for you now did you?

[MAGAthon]

Obama took a lot of flak on alternative media for the following in 2013 (FakeNewsMSM didn’t report it):

July 2013: CNS News: Obama: ‘Planet Will Boil Over’ If Young Africans Are Allowed Cars, Air-Conditioning, Big Houses
By Ryan Kierman
President Barack Obama said at a town hall event in Johannesburg, South Africa, on Saturday that unless we find new way of producing energy “the planet will boil over” if people in Africa are allowed to attain air conditioning, automobiles and big houses.

“Ultimately, if you think about all the youth that everybody has mentioned here in Africa, if everybody is raising living standards to the point where everybody has got a car and everybody has got air conditioning, and everybody has got a big house, well, the planet will boil over — unless we find new ways of producing energy.”...
The president’s comments, made the day before unveiling his “Power Africa” initiative for a “sustainable” African energy strategy, came while speaking at University of Johannesburg-Soweto.
According to Obama, global warming constitutes “the biggest challenge we have environmentally”...
https://www.cnsnews.com/news/article/obama-planet-will-boil-over-if-young-africans-are-allowed-cars-air-conditioning-big

yet Zuckerberg loved it (cringe-worthy, especially the end bit):

4mins45secs in: Zuckerberg interviews Obama on FacebookLive: what are the biggest opportunities for entrepreneurs?

Obama: problems we have to solve. energy is the classic example. the issue of climate change. there are entire Continents, sub-saharan Africa, or the Indian sub-continent, where people are developing rapidly. they are getting connected. they are going to need electricity, they are going to need energy. but if they duplicate the way that we produce energy here, or we have done in the past (Zuckerberg, yes, yes), then the entire planet is under water. so the opportunity to use connectivity to solve the clean energy problem, that is an area that is going to make a huge difference.

24 Jun 2016: Youtube: 7mins53secs: President Obama and Facebook CEO Mark Zuckerberg.
https://www.youtube.com/watch?v=jnahRzeEjys

[Wuli]

Let him, Soros, all the big tech company execs, and all other “Liberal” top 1 percenters, sell 100% of that they own, and fund a “basic income” for the bottom 1%.

[xenia]

Talk like this probably makes him feel less guilty about being super rich. Makes him look like a good rich guy.

[FLT-bird]

Fine. Let’s run the experiment with his money.

[MAGAthon]

for the record, Obama (like Gore) is still shilling for expensive, unreliable “renewables” for South Africa:

18 July 2018: New Yorker: The Nelson Mandela Lecture
By Barack Obama
On July 17th, former President Obama delivered the Nelson Mandela Annual Lecture, in Johannesburg, South Africa.
You have to believe in facts...
If I say this is a podium and you say this is an elephant, it’s going to be hard for us to coöperate. I can find common ground for those who oppose the Paris Accords because, for example, they might say, Well, it’s not going to work; you can’t get everybody to coöperate. Or they might say it’s more important for us to provide cheap energy for the poor, even if it means in the short term that there’s more pollution. At least I can have a debate with them about that, and I can show them why I think clean energy is the better path, especially for poor countries, that you can leapfrog old technologies. I can’t find common ground if somebody says climate change is just not happening, when almost all of the world’s scientists tell us it is. I don’t know where to start talking to you about this. If you start saying it’s an elaborate hoax, where do we start?...
https://www.newyorker.com/news/news-desk/the-nelson-mandela-lecture-barack-obama-johannesburg

4 July 2018: A CLIMATE CHANGE SUMMIT in Porto (Portugal)
Irina Bokova, former Director General of Unesco, will reveal how climate change is affecting treasured places worldwide and Juan Verde’s talk will revolve around the topics “Sustainability, renewable energy, agribusiness and biomedicine as a new model of economic development” and he will also be the one to ask Obama the 25 key questions about the “impacts and challenges of climate changes in the world” during the conversation that will close this summit.
https://www.portorunningtours.com/blog/a-climate-change-in-porto

Wikipedia: Juan Verde is a business and social entrepreneur who worked on the political campaigns of Senator Ted Kennedy, President Bill Clinton, Vice President Al Gore, Senator John Kerry, and Secretary of State Hillary Clinton, besides serving as International Co-Chair for the reelection campaign of President Barack Obama in 2012...
Mr. Verde serves, or has served, among others, on the board of directors of Abengoa Bioenergy S.A., a global biotech ethanol company; Santander Bank, N.A., a U.S. subsidiary of the Spanish financial institution Grupo Santander; and Andina Energy Corp., a global diversified energy corporation...

Verde, was a speaker at the 2010 International Conference on Clean Energy. While serving as Deputy Assistant Secretary for Europe, he promoted renewable energy, agribusiness and biomedicine companies to expand into Europe. Additionally, Verde was the founder and CEO of The Climate Project Spain, the Spanish branch of former Vice President Al Gore’s The Climate Project nonprofit...

[Shark24]

I have volunteered extensively with homeless ministries for over 25 years and all the successful programs teach the people self reliance and the importance of work, even if it is only doing chores in the shelter as they “work” their way off the streets. Something for nothing is one of the worst things for a person’s sense of self worth. Anyhoo.

[MAGAthon]

fortunately, there’s push-back:

14 July 2019: Townhall: Paul Driessen: Rejecting Carbon Colonialism
Editor’s Note: This piece was coauthored by Paul Driessen and David Wojick.
We recently explained how Multilateral Development Banks (MDBs) use manmade climate change alarmism to justify lending policies that reject funding for fossil fuel electricity generation, promote expensive and unreliable renewable sources, and thereby help keep impoverished nations poor...

Now, in a daring show of humanity and common sense, the African Development Bank (AfDB) has broken ranks with the World Bank and its like-minded carbon colonialist brethren. The AfDB has announced that it will once again finance coal and natural gas power generation projects. As AfDB President Akinwumi Adesina puts it, “Africa must develop its energy sector with what it has.”...
https://townhall.com/columnists/pauldriessen/2018/07/14/rejecting-carbon-colonialism-n2500194

[xenia]

“Let him, Soros, all the big tech company execs, and all other “Liberal” top 1 percenters, sell 100% of that they own, and fund a “basic income” for the bottom 1%.”

This is so obvious....yet you never hear anybody in the media suggest it, even the conservative media.

[redfreedom]

“Under basic income, all citizens would receive a standard amount of money each month to cover basic expenses like food, rent, and clothes.”

Actually means:

“Under basic income, all citizens, especially undocumented, would receive a standard amount of money each month to cover basic expenses like booze, drugs, tattoos and just about anything else a loser buys instead of food, rent and clothes.”

[redfreedom]

The math is stumping me, someone help me out. If all citizens receive this amount, then who pays for it?

I’d really like to see the nuts and bolts of his plan to see how it works, or does this goof ball even know himself? I think he’s preaching to the leftards.

[Terry Mross]

I guess he’s too young to remember the fall of the Union and it sure wasn’t taught in school. Those free apartments became dumps in no time.

He should visit an American Indian reservation and see how those monthly stipends lift the Indian out of poverty.

I’m sure he doesn’t include himself living off the same monthly amount as the rest.

If all the money in the US was equally distributed most would take a cut in pay. And in a short amount of time the same people who have the wealth today would have it again.

Zuckerberg’s stupid ideas prove he didn’t create Facebook. He’s only the FACE of Facebook.

[boycott]

The math is stumping me, someone help me out. If all citizens receive this amount, then who pays for it?

—

I’ll let Zuckerberg explain that one to you. It’s over my head.

I am hoping, when I retire, that the government can fund my Social Security that I have been paying into for decades. Seems this would be the more important issue.