"Universal Basic Income" - Heard about this only recently via an Elon Musk interview in November 2016 since then been reading about it. Understood it being discussed for many decades now and certainly not a new idea. What does it mean? A government would guarantee citizens a regular fixed sum of enough money to cover a basic standard of living, they can spend however they want, no questions asked. Majorly critics where saying something on this lines: 1. If we give money for free people will become more lazier 2. People would use it only for drinking / drugs / unhealthy things! etc., "Maybe 90 % of people will go smoke pot and play video games. But if 10 percent of the people go create new products and services and new wealth, that’s still a huge net win." - Sam Altman, President of Y Combinator, California Experiments: 1. Finland this week started it on a 2-year trial basis (2000 randomly picked unemployed citizens to get Euro 560 per month) ...
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