Mark Zuckerberg supports universal basic income. What is it?

[Dashinka 25,881]

Facebook founder and CEO Mark Zuckerberg supports an idea called universal basic income.

"We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas," Zuckerberg said at his Harvard commencement address Thursday. 

 

So, what exactly is it?

It's a concept that's getting a lot of attention, especially in Silicon Valley. A country that has universal basic income guarantees every person a set minimum income regardless of criteria -- age, wealth, job status, hometown, family size, etc.

 

http://money.cnn.com/2017/05/26/news/economy/mark-zuckerberg-universal-basic-income/index.html

 

Wouldn't someone making minimum wage working eight hours a day for approximately 250 days per year make more?

Edited May 29, 2017 by Bill & Katya

[millefleur 5,052]

I don't think universal basic income would prevent poverty in total. People could easily just blow the money on something frivolous and useless and still end up poor.

 

I think it would benefit the people out there who are struggling and already have a good foundation of knowledge about finance/money/work. But for people who never had this underlying education, it will end up providing little long term stability.

 

I'm extremely skeptical of Zuckerberg. I think he supports this idea because it makes him look good, plain and simple. If he truly cared about helping people, as one of the richest and most well-connected people on Earth, there is a lot more he could do. This is obviously a political ploy to bolster his public image.

[Dashinka 25,881]

53 minutes ago, millefleur said:

I don't think universal basic income would prevent poverty in total. People could easily just blow the money on something frivolous and useless and still end up poor.

 

I think it would benefit the people out there who are struggling and already have a good foundation of knowledge about finance/money/work. But for people who never had this underlying education, it will end up providing little long term stability.

 

I'm extremely skeptical of Zuckerberg. I think he supports this idea because it makes him look good, plain and simple. If he truly cared about helping people, as one of the richest and most well-connected people on Earth, there is a lot more he could do. This is obviously a political ploy to bolster his public image.

Have you ever noticed how the "super rich" tend to be quite liberal at least in public?  You wonder if it is for real, or just CYA?

[spookyturtle 9,466]

2 hours ago, millefleur said:

I don't think universal basic income would prevent poverty in total. People could easily just blow the money on something frivolous and useless and still end up poor.

 

I think it would benefit the people out there who are struggling and already have a good foundation of knowledge about finance/money/work. But for people who never had this underlying education, it will end up providing little long term stability.

 

I'm extremely skeptical of Zuckerberg. I think he supports this idea because it makes him look good, plain and simple. If he truly cared about helping people, as one of the richest and most well-connected people on Earth, there is a lot more he could do. This is obviously a political ploy to bolster his public image.

I think if you do a bit of research you'll see he has done a lot and will continue to do so. 

[yuna628 9,873]

Universal income? Well, he better get workin' on that and start paying his moderators more. 

[The Nature Boy 7,659]

Yawn. You got many billions and donate one , you still got many billions.  Set your self up a trust that pays you 150k a year and donate the rest. Then I will be impressed 

 

Isn't this the same hypocrite that called for no walls then built an expansive wall system at his Hawaii mansion, that cut the neighbors off from the ocean 

Edited May 29, 2017 by Nature Boy Flair

[IAMX 3,055]

47 minutes ago, Nature Boy Flair said:

Yawn. You got many billions and donate one , you still got many billions.  Set your self up a trust that pays you 150k a year and donate the rest. Then I will be impressed 

 

Isn't this the same hypocrite that called for no walls then built an expansive wall system at his Hawaii mansion, that cut the neighbors off from the ocean 

It's also people like Zuckerberg that caused laws like FATCA to be passed, making being an American expat far more of a hassle than it needs to be. It's directly caused the reluctant renunciations of many Americans, and one of the big reasons I was going to renounce years ago, and still haven't taken this off the table.

Edited May 29, 2017 by IAMX

[spookyturtle 9,466]

8 minutes ago, IAMX said:

It's also people like Zuckerberg that caused laws like FATCA to be passed, making being an American expat far more of a hassle than it needs to be. It's directly caused the reluctant renunciations of many Americans, and one of the big reasons I was going to renounce years ago, and still haven't taken this off the table.

[spookyturtle 9,466]

56 minutes ago, Nature Boy Flair said:

Yawn. You got many billions and donate one , you still got many billions.  Set your self up a trust that pays you 150k a year and donate the rest. Then I will be impressed 

 

Isn't this the same hypocrite that called for no walls then built an expansive wall system at his Hawaii mansion, that cut the neighbors off from the ocean 

Bet he gives more to charity than Trump.

[Dashinka 25,881]

1 hour ago, spookyturtle said:

Bet he gives more to charity than Trump.

He may, what are you betting?

[spookyturtle 9,466]

4 minutes ago, Bill & Katya said:

He may, what are you betting?

A weekend with Trump at Mar a Lago. On the taxpayers dime. 

[Dashinka 25,881]

2 minutes ago, spookyturtle said:

A weekend with Trump at Mar a Lago. On the taxpayers dime. 

That may be appealing to almost anyone.

 

[ready4ONE 5,400]

10 hours ago, spookyturtle said:

Bet he gives more to charity than Trump.

But Trump likes to barge in on charity awards ceremonies when he didn't give a dime. Take that Zuckerberg! 

[jg121783 3,921]

13 hours ago, spookyturtle said:

A weekend with Trump at Mar a Lago. On the taxpayers dime. 

Personally I would rather have a weekend on a public beach in Hawaii closed to the public for my own private use and millions of tax dollars spent on my security like Obama enjoyed when he was president. Trump doesn't close down public locations for his own pleasure but uses a location he owns. That isn't elitist enough for me.

[spookyturtle 9,466]

2 hours ago, jg121783 said:

Personally I would rather have a weekend on a public beach in Hawaii closed to the public for my own private use and millions of tax dollars spent on my security like Obama enjoyed when he was president. Trump doesn't close down public locations for his own pleasure but uses a location he owns. That isn't elitist enough for me.

  Keep drinkin' the Kool-Aid.