Elon Musk and Tech Titans Push for Universal Basic Income Amid AI Concerns
ByAinvest
Wednesday, Aug 20, 2025 2:05 pm ET1min read
TSLA--
Elon Musk, the founder of SpaceX, Tesla, and X, has been vocal about the need for such a system. In a recent post on X, Musk criticized Apple for not featuring X and its Grok AI chatbot app in the top recommended apps in its App Store. He accused Apple of favoring OpenAI's ChatGPT and violating antitrust laws by preventing AI companies from reaching the top of the App Store [1].
Meanwhile, Twitter co-founder Jack Dorsey and Facebook co-founder Chris Hughes have been piloting unconditional monthly cash payments to low-income individuals. Dorsey has spent millions on these projects, while Hughes has also invested in similar initiatives. Software billionaire Marc Benioff sees Covid-19 stimulus checks as a model for broader income distribution [2].
The idea of universal basic income (UBI) has gained traction among tech leaders who believe it can help address the economic disruptions caused by AI. However, critics argue that such a system could increase dependency and reduce incentives to work.
While the long-term effects of UBI are still uncertain, tech titans are investing in these pilot projects as a way to explore potential solutions. The success of these initiatives could have significant implications for the future of work and economic policy.
References:
[1] https://www.irishexaminer.com/world/arid-41690586.html
[2] https://manhattan.institute/article/elon-musk-wants-to-give-you-money-for-nothing
Elon Musk and tech titans are exploring a "massive wealth-redistribution system" to address concerns about artificial intelligence displacing human work. Unconditional monthly cash payments to low-income individuals are being piloted by Twitter co-founder Jack Dorsey and Facebook co-founder Chris Hughes. Software billionaire Marc Benioff sees Covid-19 stimulus checks as a model for broader income distribution.
Tech titans, including Elon Musk, are exploring a "massive wealth-redistribution system" to address concerns about artificial intelligence (AI) displacing human work. This initiative is part of a broader effort to mitigate the potential negative impacts of AI on the workforce.Elon Musk, the founder of SpaceX, Tesla, and X, has been vocal about the need for such a system. In a recent post on X, Musk criticized Apple for not featuring X and its Grok AI chatbot app in the top recommended apps in its App Store. He accused Apple of favoring OpenAI's ChatGPT and violating antitrust laws by preventing AI companies from reaching the top of the App Store [1].
Meanwhile, Twitter co-founder Jack Dorsey and Facebook co-founder Chris Hughes have been piloting unconditional monthly cash payments to low-income individuals. Dorsey has spent millions on these projects, while Hughes has also invested in similar initiatives. Software billionaire Marc Benioff sees Covid-19 stimulus checks as a model for broader income distribution [2].
The idea of universal basic income (UBI) has gained traction among tech leaders who believe it can help address the economic disruptions caused by AI. However, critics argue that such a system could increase dependency and reduce incentives to work.
While the long-term effects of UBI are still uncertain, tech titans are investing in these pilot projects as a way to explore potential solutions. The success of these initiatives could have significant implications for the future of work and economic policy.
References:
[1] https://www.irishexaminer.com/world/arid-41690586.html
[2] https://manhattan.institute/article/elon-musk-wants-to-give-you-money-for-nothing
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