He Who Controls The Gold: Elon Musk Says Artificial Intelligence Filling Human Jobs Will Make ‘Universal Basic Income’ Necessary

Jasper and Sardine

Elon Musk

Billionaire tech titan Elon Musk has been tweeting quite a lot of late — about everything from his philosophical mentors (Douglas Adams and Isaac Asimov) to his political leanings (he’s a socialist).

But nearly lost in a flurry of tweets, Musk now says that universal basic income (UBI) — essentially, free cash handouts — “will be necessary over time if AI [artificial intelligence] takes over most human jobs.”

That’s what Musk tweeted Friday in response to a question from a Twitter user who asked him if he supported UBI.

Universal basic income is a cash handout distributed to the people of a state or region irrespective of employment status. In November 2016, Musk himself told CNBC automation would lead to the need for cash handouts.

“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation,” Musk told…

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