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 CNBC. "Yeah, I am not sure what else one would do. I think that is what would happen."
And Musk isn't the only Silicon Valley titan to surface the idea.
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