Jul 10, 2020

Twitter boss donates $3m to basic universal income project

Twitter chief executive Jack Dorsey has become the first investor in a radical plan to give people a basic income, regardless of job status. The idea of governments paying a basic income to citizens has gained momentum in response to the threat to jobs from artificial intelligence. The premise of universal basic income is that every individual in a country will receive a cash payment at regular intervals, without any requirement to work or qualify for it. Talk of a universal basic income has been around for decades but has become closely associated with the idea of artificial intelligence - the argument being that as robots take over more jobs in society, humans will need a guaranteed annual income supplied by government. AI expert Calum Chace said that a universal basic income could be some way off.

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